Senegal raised 721 billion CFA francs ($1.3 billion) using derivatives to secure cheaper foreign-currency loans last year at a time when worries about its debt effectively closed international market access.

Senegal raised debt last year using opaque derivative instruments in a process that the nation’s finance ministry defended as transparent.

South African billionaire Patrice Motsepe has been lauded for cleaning up the finances of Africa’s most powerful sports organization, but a football trophy scandal has highlighted the deep mistrust that still dogs the body.

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Senegal’s reliance on a fast-growing regional debt market is easing pressure on Africa’s riskiest credit while delaying discussions about debt restructuring, investors and analysts say.

Senegal has paid coupons and principal on its foreign bonds ahead of this Friday’s deadline, avoiding a potential default as the nation seeks aid from the International Monetary Fund, people familiar with the situation said.

Senegal’s prime minister urged the swift settlement of unpaid contractor invoices so work can resume on a flagship waterfront redevelopment in the capital as the city prepares to host Africa’s first Olympic event.

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The US decision to lift sanctions on several key officials from Mali clears a key hurdle the West African country had set for improving ties with Washington, a Malian government spokesman said.

The tri-border region of Nigeria, Benin and Niger is becoming a new stronghold for jihadists, as militants turn forests and pastoral networks in West Africa into bases for recruitment and international attacks.

Investors preferred short-term Senegal bonds at an auction Friday as concerns over its long-term debt sustainability linger.

Senegal secured sufficient funding to meet eurobond payments due in March, according to people familiar with the matter, easing investor anxiety about the government’s ability to service its dollar-denominated debt.

Senegal secured sufficient funding to meet eurobond payments due in March, according to people familiar with the matter, easing investor anxiety about the government’s ability to service its dollar-denominated debt.

Petrosen, Senegal’s state-owned oil company, plans to conduct its own $100-million exploration campaign this year to discover crude in onshore fields.

Unidentified attackers who staged an assault on Niger’s capital came dangerously close to a stockpile of uranium removed from French company Orano SA’s mine.

The Confederation of African Football imposed fines and match bans on Senegal and Morocco after chaotic scenes marred the final of the Africa Cup of Nations tournament.

The Economic Community of West African States lifted all remaining sanctions on Guinea with immediate effect, fully reintegrating the country into the regional economic bloc.

Khaby Lame, the world’s biggest TikToker, partnered with Rich Sparkle Holdings Ltd. to transform his 360 million social-media followers into a commercial venture.

Benin priced Africa’s first foreign-currency bond of the year on Thursday, a day after it postponed the offering because of market volatility.