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Senegal Celebrates Football Victory While Navigating Debt Talks

Senegalese President Bassirou Diomaye Faye declared a public holiday following the national football team’s victory at the Africa Cup of Nations championship Sunday, providing a morale boost to a country grappling with a debt crisis.

Fans celebrate Senegal's goal in the Africa Cup of Nations final soccer match between Senegal and Morocco in Dakar, Senegal, Sunday, Jan. 18, 2026. (AP Photo/Misper Apawu)
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Senegal Celebrates Football Victory While Navigating Debt Talks

Senegalese President Bassirou Diomaye Faye declared a public holiday following the national football team’s victory at the Africa Cup of Nations championship Sunday, providing a morale boost to a country grappling with a debt crisis.

Fans celebrate Senegal's goal in the Africa Cup of Nations final soccer match between Senegal and Morocco in Dakar, Senegal, Sunday, Jan. 18, 2026. (AP Photo/Misper Apawu)
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Senegal Raises $1 Billion in Oversubscribed Regional Bond Sale

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
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Senegal Extends Sale of $719 Million Local-Currency Bond

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.
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Fitch Cuts Gabon’s Rating Further Into Junk on Debt Risks

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)
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Fitch Cuts Gabon’s Rating Further Into Junk on Debt Risks

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)
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Senegal’s Debt Steadies on Refinancing Drive, Finance Chief Says

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.
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Senegal’s Debt Steadies on Refinancing Drive, Finance Chief Says

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.
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