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.

Senegal’s dollar bonds advanced following remarks by the finance minister suggesting progress toward a new credit facility with the International Monetary Fund.

Mali and Burkina Faso announced restrictions on visitors from the US in response to Washington imposing travel curbs on their citizens.

Guineans voted on Sunday in their first elections since a 2021 coup, with the military junta’s leader poised to extend his rule amid a mining boom.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.