Sonko, now parliamentary speaker, is ready to talk debt restructuring with the IMF, as Senegal seeks to resolve a fiscal crisis owing to $7bn in “hidden debt”, while banking on new oil & gas revenues to boost public finances, support growth.
The BRVM is pitching itself as a gateway to the fast-growing region, as it pursues deeper regional integration and a wave of new listings.
The political rupture comes at a particularly sensitive moment for Senegal’s economy after the IMF froze a $1.8bn lending programme following the discovery of previously misreported public debt figures
Development bank says economic fallout is already spreading, through higher energy and fertiliser costs, damage to tourism and higher debt-servicing costs.
A senior investment analyst examines how the ongoing Middle East military conflict and rapidly climbing oil and gas prices are affecting African economies, supply chains and cost of living.