馃嚫馃嚦SenegalWest Africa
Senelec mobilizes 120 billion FCFA through debt securitization to boost energy sector investments
via SeneNews5 min read
The National Electricity Company of Senegal Senelec has raised 120 billion FCFA on the regional market through a debt securitization operation. This initiative is part of a strategy to diversify financing mechanisms for the energy sector, aiming to support investments in electrical infrastructure and improve system performance. This operation follows other innovative financial instruments previously implemented by Senelec, such as green bonds and sustainability-indexed bonds. The funds raised are intended to strengthen electricity production, transmission, and distribution capacities, thereby enhancing network reliability and reducing the risk of energy supply disruptions. For consumers, this is seen as a positive development in the medium and long term, as increased investment capacity could lead to modernized infrastructure, better service continuity, fewer outages, and more stable distribution. Sector authorities indicate that these funds will also be invested in renewable energies and electricity transmission infrastructure, potentially improving electricity availability in areas currently experiencing access deficits or frequent outages. Senelec officials believe this operation strengthens the company's liquidity and secures its cash flow, which is crucial for long-term investment planning and execution to meet growing electricity demand. While no immediate tariff reduction is announced, improved cost control and network efficiency could positively impact consumers by st
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Pape Thiaw, coach of the Senegal Lions, addressed recent internal tensions within the team and clarified his contract situation during a press conference. Ahead of a friendly match against Norway, Thiaw acknowledged the existence of internal dysfunctions but assured that the situation is now under control. He emphasized the collective desire of the staff, players, and Federation to focus on sporting performance. Regarding his contract, Thiaw confirmed that the issue has been resolved after a period of uncertainty. He clarified that the delay was not due to financial disagreements but rather a matter of principle and respect, highlighting the importance of institutional conditions for his role.
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