News Senegal: Senegal finance minister says “fundamental differences” remain in IMF talks
A drone view shows Kermel Market in downtown Dakar, Senegal, May 21, 2025. REUTERS/Zohra Bensemra/File Photo DAKAR, Feb 24 (Reuters) – “Fundamental differences” remain between Senegal and the ...
News Senegal: Senegal Shifts Oil Contract Strategy, Plans Reviews and Renegotiations
Prime Minister Ousmane Sonko said Senegal will define its national strategy before selecting oil and gas partners. The government has terminated several petroleum block contracts and plans to ...
News Senegal: Senegal s Mining Industry: A Cornerstone of the National Economy (By Miguel Artacho)
The mining sector is a core component of Senegal´s export industry and contributes strongly towards national revenue and foreign exchange. The government of Senegal aims to significantly increase ...
News Senegal: Senegal Oil & Gas Industry Offers Template for Other African Economies, Says Report
“Africa Energy Series – Senegal 2019,” produced by Africa Oil & Power (https://AfricaOilandPower.com), will be launched October 9 at the Africa Oil & Power 2019 Conference in Cape Town; This ...
News Senegal: Senegal’s crisis: why debt restructuring may be the least bad option
The lessons learned from this crisis must extend beyond Senegal and lead to greater debt transparency and banking supervision in the region.
News Senegal: IFC Deploys $58 Million in Senegal to Accelerate SME Financing
International Finance Corporation approved a senior loan of up to €50 million ($58 million) to Société Générale Sénégal to expand financing for small businesses. The structure could mobilize up to $40 ...
News Senegal: Senegal: African Development Bank (AfDB) approves 88 million euros emergency budget support for COVID-19 response
The Board of Directors of the African Development Bank (www.AfDB.org) on Friday approved a loan of 88 million euros to Senegal, hit hard by the novel coronavirus pandemic,in support of the costs of its national COVID-19 Economic and Social Resilience Program. Read more.
News Senegal: Senegal Nears Completion of Dakar–Tambacounda Rail Line as It Pursues Logistics Hub Strategy
Dakar–Tambacounda rail rehabilitation has reached about 90% completion Senegal plans 2,000 km of railway lines under the national Vision Senegal 2050 strategy Rail upgrades aim to reduce freight costs ...
News Senegal: Senegal's Bold Reforms: Sonko's Economic Overhaul
Senegalese Prime Minister Ousmane Sonko announced a decisive step to revamp the economy by declaring a BP gas contract unfair, revoking 71 mining licenses, and freezing a major Indorama subsidiary's accounts. These actions are part of broader economic reforms aimed at restoring financial stability and renegotiating resource deals in Senegal.
News Senegal: Senegal to save $98m after shutting down 19 state agencies
The reform comes as Senegal grapples with mounting fiscal challenges. Public debt climbed to 132 percent of gross domestic product at the end of 2024, according to the International Monetary Fund, which suspended its lending programme after the discovery of previously misreported debt.
News Senegal: Luxembourg Offers FinTech Expertise to Help Senegal Scale Its Digital Economy
Luxembourg has offered expertise in FinTech, cybersecurity and digital training as Senegal accelerates its tech agenda. Talks focused on regulation, regional integration within WAEMU and strengthening ...
News Senegal: Senegal Treasury Seeks Greater Insurer Participation in Government Securities
Senegal Treasury urges insurers to increase investment in government securities Insurers provide under one-third of bank investment in state debt Authorities seek broader investor base amid rising ...
News Senegal: Senegal's Strategic Talks with the IMF: Navigating Economic Collaboration
Senegal is in negotiations with the International Monetary Fund to discuss a new funding programme with national interests at heart. The country, committed to fulfilling its financial obligations, faces challenges as the suspension of a prior IMF programme affects agreements with other international donors.
News Senegal: Senegal Deliberates New IMF Deal Amid Debt Crisis
Senegal is in ongoing discussions with the IMF over a new financial program while grappling with a significant debt burden. The suspension of a previous agreement affects deals with other donors. Despite past borrowing issues, Senegal commits to timely debt payments, prioritizing economic interests and student financial aid.
News Senegal: Senegal has a mystery Togolese bond bid
Senegal has tapped the WAEMU market, overseen by UMOA-Titres, a regional debt agency, in an interesting pattern lately. In Senegal’s first domestic auction of the year, on January 16, Togolese ...
News Senegal: Senegal Best Bank:Compagnie Bancaire de l’Afrique Occidentale
Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe One of the most stable ...
News Senegal: Senegal: Infrastructure Investments Strengthen Dakar s Role as Regional Trading Hub (By Miguel Artacho)
For centuries Senegal has been an entry point into Africa, from Arab to European traders that arrived on the Atlantic shores, the commercial exchanges that have taken place for hundreds of years ...
News Senegal: Senegal to Reintegrate 15,000 Out-of-School Children with $27.4 Million Education Plan
Senegal to reintegrate 15,000 out-of-school children via PAPSE project Programme targets Sedhiou, Dakar and Diourbel regions Initiative backed by 15 billion CFA francs and World Bank support Elhadji ...
