Senegal plans to raise 555 billion FCFA through bond issuances in Q3 2026
via SeneNews2 min read
Senegal's Treasury aims to raise 555 billion FCFA from the public securities market between July and September 2026. This is part of a larger effort to secure over 2.1 trillion FCFA by the end of the year to meet its budget objectives. In the first half of 2026, Senegal raised 2.0226 trillion FCFA from the domestic market, with 1.6985 trillion FCFA coming from the UEMOA public securities market. Despite this, the government still needs to raise more than 2.1 trillion FCFA by year-end, including 1.053 trillion FCFA from the regional market. The planned issuances for the third quarter include 170 billion FCFA in July, 225 billion FCFA in August, and 160 billion FCFA in September. Market conditions have become more challenging, with investors demanding higher yields for Senegalese sovereign issuances. The cost of borrowing for Senegal has increased due to successive downgrades of the country's sovereign rating and the absence of a new program with the International Monetary Fund, with some rates recently reaching 8.09%. This rise in interest rates poses a significant challenge to public finances, increasing the debt interest burden and reducing the state's budgetary margins, as a growing portion of tax revenues is now allocated to debt repayment.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by SeneNews.
Must ReadSeneNews is providing live coverage of the 2026 World Cup semi-final match between England and Argentina. The game is scheduled for Wednesday, July 15, 2026, at 19:00 Dakar time, taking place at the Mercedes-Benz Stadium. The article includes details on the live score, team compositions, and a running commentary of the match. England's starting lineup features players such as Jordan Pickford, Harry Kane, and Jude Bellingham, coached by Thomas Tuchel. Argentina's starting eleven includes Emiliano Mart铆nez, Lionel Messi, and Juli谩n Alvarez, under coach Lionel Scaloni. Both teams will be playing in a 4-2-3-1 and 4-4-2 formation respectively. The coverage will also provide updates on substitutions, cards, and key highlights as they happen during the game.
Must ReadDjiby Mbaye, national coordinator of the Collective of Former Political Detainees CODEPS, left a message to authorities before his death, which was made public by Pastef Les Patriotes activists. In his letter, Mbaye detailed the physical and psychological consequences of detention and police custody, including torture, infections, and overcrowding, which he stated could lead to long-term health issues. He highlighted the difficulties former detainees face in accessing medical care, noting that hospitals often lack resources and staff. Mbaye urged the state to improve support for victims, specifically calling for accelerated medical, social, and reintegration assistance. He provided specific figures: 929 victims requiring funding, 204 sick victims needing treatment, 124 victims for vocational training, 274 graduated victims for reintegration, and 77 martyrs whose families need assistance. Mbaye emphasized that addressing these issues is not insurmountable for the state and called on all levels of government, from the President to mayors, to take charge of the victims' cases. He concluded by encouraging other victims to remain committed to their cause, stating that their collective efforts with Pastef Les Patriotes would achieve short-term and long-term goals for Senegal's development.
Sports journalist Yoro Mangara has called upon President Bassirou Diomaye Faye to dissolve the Senegalese Football Federation FSF, citing concerns about its current management. Mangara, speaking on RFI's Radio Foot Internationale, stated that the FSF's leadership is failing to meet the demands of national football and is damaging Senegal's international image. He believes the federation's management has deteriorated since the tenure of Augustin Senghor, whom he praised for his fifteen years of rigorous organization. Mangara argues that the current leaders do not grasp the significance of football for Senegal and are tarnishing the country's sporting reputation. He referenced the legal framework for sports federations in Senegal, noting that their operations depend on state approval, which can be revoked for serious failings. Based on this, Mangara urged the head of state to initiate proceedings for the FSF's dissolution.