Senegal
EBID approves $417mn in West Africa projects, plans to double balance sheet
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to about $4.4bn to support larger infrastructure financing.
AfDB becomes first external shareholder in West Africa's Bank for Investment and Development
The African Development Bank Group has become the first IDI to join the shareholder base of ECOWAS' EBID, committing a $30mn equity investment and a $70mn credit line.
Senegal's powerful ex-PM Ousmane Sonko opens door to IMF debt talks as fiscal crisis deepens
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.
INTERVIEW: CEO of West Africa's regional stock exchange says it’s time for investors to come to Africa
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.
Senegal’s President Faye sacks PM Sonko, dissolves government amid IMF debt crisis, political split
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