Search

Sonko Hails $700M Bond Windfall, But Questions Linger Over Senegal’s Sustainability

Senegal @ Pixabay
© Pixabay
  • PM says locals are backing “economic sovereignty” as Senegal turns inward for financing
  • Economists credit patriotism and savvy mobile outreach for bond uptake, but warn future success isn’t guaranteed

Dakar, Senegal – In a moment of financial theatre that caught even seasoned analysts off guard, Senegal’s government raised nearly $700 million in just 15 days from a domestic bond issue that many say was powered as much by patriotism as profit.

You need an active subscription to continue reading this article.

Recent Business

Mozambique fisherwomen. Photo by Antonella Ragazzoni @ Unsplash
African Development Bank renews $2m drought insurance for Mozambique
Read More »
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Dangote to double Nigeria refinery output to 1.4 million barrels daily
Read More »
Photo by Jose Antoinne @ Unsplash
Namibia’s 2025 mid-term budget signals fiscal restraint as growth slows
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya faces political uncertainty after Raila Odinga’s death
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s opposition weakens as governors, lawmakers flock to ruling party
Read More »
Meknes, Morocco Photo @ Unsplash
Morocco’s Gen Z protests reignite nationwide for reform
Read More »

Latest Posts

Latest news insights