Benin is set to raise as much as $1 billion from a sale of dollar-denominated sukuk bonds and other loan securities in what would be the first African sovereign-debt offering this year, according to people familiar with the matter.
Benin is set to raise as much as $1 billion from a sale of dollar-denominated sukuk bonds and other loan securities in what would be the first African sovereign-debt offering this year, according to people familiar with the matter.
Senegal said strong first-quarter tax collection would boost its chances of securing a new International Monetary Fund program, while avoiding a painful restructuring of its debts.
Senegal said strong first-quarter tax collection would boost its chances of securing a new International Monetary Fund program, while avoiding a painful restructuring of its debts.
Residential apartments and commercial buildings in Dakar, Senegal.
Senegal said strong first-quarter tax collection would boost its chances of securing a new International Monetary Fund program, while avoiding a painful restructuring of its debts.
Senegal said strong first-quarter tax collection would boost its chances of securing a new International Monetary Fund program, while avoiding a painful restructuring of its debts.
Residential apartments and commercial buildings in Dakar, Senegal.
Senegal’s dollar bonds advanced following remarks by the finance minister suggesting progress toward a new credit facility with the International Monetary Fund.
Senegal’s dollar bonds advanced following remarks by the finance minister suggesting progress toward a new credit facility with the International Monetary Fund.
President Bassirou Diomaye Faye’s government cut its economic growth forecast to 7.8% from 8.8%.
Senegal raised 560 billion CFA francs ($1 billion) in a regional bond sale that was extended by several days, as the government faces funding pressures after a hidden-debt scandal limited access to international capital markets.
Senegal raised 560 billion CFA francs ($1 billion) in a regional bond sale that was extended by several days, as the government faces funding pressures after a hidden-debt scandal limited access to international capital markets.
Shoppers pass clothing stalls in Sandaga market in Dakar, Senegal, on Thursday, Feb. 8, 2024. Senegal lawmakers agreed to delay presidential elections in one of Africa’s strongest democracies, raising tensions that risk destabilizing the emerging natural gas producer in a region that’s prone to military coups. Photographer: Annika Hammerschlag/Bloomberg
Senegal has pushed back the closing date for a 400 billion CFA francs ($719 million) sovereign bond by several days, the lead arranger for the offering Invictus Capital & Finance SA said in a Linkedin post.
Senegal has pushed back the closing date for a 400 billion CFA francs ($719 million) sovereign bond by several days, the lead arranger for the offering Invictus Capital & Finance SA said in a Linkedin post.
President Bassirou Diomaye Faye’s government has faced growing financial challenges after the discovery of $7 billion in previously unreported debt left by the former administration.
Fitch Ratings has cut Gabon’s credit rating further into junk territory, citing widening government deficits and declining demand for the country’s debt.
Fitch Ratings has cut Gabon’s credit rating further into junk territory, citing widening government deficits and declining demand for the country’s debt.
A general view of houses in Libreville on April 17, 2025. (Photo by Daniel Beloumou Olomo / AFP) (Photo by DANIEL BELOUMOU OLOMO/AFP via Getty Images)
Fitch Ratings has cut Gabon’s credit rating further into junk territory, citing widening government deficits and declining demand for the country’s debt.
Fitch Ratings has cut Gabon’s credit rating further into junk territory, citing widening government deficits and declining demand for the country’s debt.
A general view of houses in Libreville on April 17, 2025. (Photo by Daniel Beloumou Olomo / AFP) (Photo by DANIEL BELOUMOU OLOMO/AFP via Getty Images)
Beninese President Patrice Talon played down the threat posed by plotters of an attempted coup this month and declared that they lacked army or popular support.
Beninese President Patrice Talon played down the threat posed by plotters of an attempted coup this month and declared that they lacked army or popular support.
The International Monetary Fund expects a gradual recovery in Mali’s economy next year on higher mining output, after the government resolved a two-year dispute with Barrick Mining Corp.
The International Monetary Fund expects a gradual recovery in Mali’s economy next year on higher mining output, after the government resolved a two-year dispute with Barrick Mining Corp.
A large ingot of hammered gold. Photographer: Simon Dawson
Mali has restored control of the Loulo-Gounkoto mine to Barrick Mining Corp. and will return three tons of gold to the company after the two sides resolved a years-long dispute last month.
Mali has restored control of the Loulo-Gounkoto mine to Barrick Mining Corp. and will return three tons of gold to the company after the two sides resolved a years-long dispute last month.
Gold bearing rock moves along conveyor belts at the production plant for the Loulo-Gounkoto gold mine complex in Loulo, Mali.
Senegal Finance Minister Cheikh Diba said the country’s key debt indicators are improving as the government leans on local-currency borrowing and what he termed as favorable refinancing opportunities.
Senegal Finance Minister Cheikh Diba said the country’s key debt indicators are improving as the government leans on local-currency borrowing and what he termed as favorable refinancing opportunities.
Residential apartments and commercial buildings on the city skyline, viewed from the African Renaissance Monument in Dakar, Senegal, on Monday, Dec. 4, 2023. West Africa’s growth slowed to 3.7% this year from 3.9% in 2022 due to the global economy and higher inflation, the Economic Community of West African States said.
Senegal Finance Minister Cheikh Diba said the country’s key debt indicators are improving as the government leans on local-currency borrowing and what he termed as favorable refinancing opportunities.
Senegal Finance Minister Cheikh Diba said the country’s key debt indicators are improving as the government leans on local-currency borrowing and what he termed as favorable refinancing opportunities.
Residential apartments and commercial buildings on the city skyline, viewed from the African Renaissance Monument in Dakar, Senegal, on Monday, Dec. 4, 2023. West Africa’s growth slowed to 3.7% this year from 3.9% in 2022 due to the global economy and higher inflation, the Economic Community of West African States said.
The military-led governments of Mali, Burkina Faso and Niger have launched a regional investment bank with an initial capital of 500 billion CFA francs ($895 million) to fund infrastructure, energy and agricultural projects.
The military-led governments of Mali, Burkina Faso and Niger have launched a regional investment bank with an initial capital of 500 billion CFA francs ($895 million) to fund infrastructure, energy and agricultural projects.
Port of Mopti in Mali. Photographer: Michele Cattani/AFP/Getty Images
Nigeria’s military sent fighter jets and ground forces into neighboring Benin to support President Patrice Talon, after a group of soldiers attempted to seize control of the West African nation.
Nigeria’s military sent fighter jets and ground forces into neighboring Benin to support President Patrice Talon, after a group of soldiers attempted to seize control of the West African nation.
A vendor arranges newspapers featuring the image of President Patrice Talon, at a stall in Cotonou, Benin, on Dec. 8. Photographer: Olympia De Maismont/Getty Images
Benin thwarted a coup attempt by military officers who claimed to have ousted President Patrice Talon, months before national elections in which he is due to hand over to a successor.
Benin thwarted a coup attempt by military officers who claimed to have ousted President Patrice Talon, months before national elections in which he is due to hand over to a successor.
Benin's President Patrice Talon Photographer: Eraldo Peres/AP
The International Monetary Fund is aware of bondholders’ concerns that Senegal may have to restructure its debt, the lender said this week after the latest round of talks with the West African country.
The International Monetary Fund is aware of bondholders’ concerns that Senegal may have to restructure its debt, the lender said this week after the latest round of talks with the West African country.
Shoppers pass clothing stalls in Sandaga market in Dakar, Senegal, on Thursday, Feb. 8, 2024. Senegal lawmakers agreed to delay presidential elections in one of Africa’s strongest democracies, raising tensions that risk destabilizing the emerging natural gas producer in a region that’s prone to military coups.
An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days.
An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days.
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