Senegal |

Senegal President Sall Says Nation Will Sell Bond This Year

DAKAR, Senegal, Capital Markets in Africa: Senegalese President Macky Sall said his administration will tap the international bond market this year to fund infrastructure development and accelerate growth that’s being driven by surging peanut and rice production. The West African nation intends raising $500 million to $1 billion through the sale of a Eurobond, Sukuk or Samurai bonds, Sall said in a May 13 interview in Kigali, Rwanda’s capital, where the World Economic Forum held its annual…

AfDB supports improved electricity access in Guinea, Guinea-Bissau, Gambia and Senegal

Posted on by The Editorial Team

Abidjan Cote D’Ivoire , Capital Markets in Africa — The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million [1] package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal. Electricity supply in the OMVG region is limited, unreliable and costly. Access rates vary from 12 percent in Guinea, 19 percent in Guinea-Bissau, 35 percent in…

APR Energy Commissions New Botswana Project, Senegal Expansion

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APR Energy, a global leader in fast-track power solutions, today announced that it has successfully completed the installation and commissioning of its new two-year, 35MW project for Botswana Power Corporation and the 48MW expansion of its existing project for Senelec, Senegal’s national electric utility. “I want to congratulate our installation and commissioning teams for demonstrating our commitment to operational excellence and customer satisfaction by quickly bringing this new capacity on line,” said Chief Executive Officer…

BRVM Investment Days: West Africa’s financial centre comes closer to the London Stock Exchange

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LONDON, United-Kingdom, April 29, 2015/ — On the occasion of the second edition of the BRVM Investment days, the regional stock exchange for the eight countries of the West African Economic and Monetary Union (WAEMU) and many West-African companies have met investors from the London Stock Exchange. The regional stock exchange Bourse Régionale des Valeurs Mobilières (BRVM) welcomes the success of the second edition of its BRVM Investment days, held on April 28 at the…

Senegal to issue $500 mln to $1 bln in international bonds

Posted on by The Editorial Team

DAKAR, March 18 (Reuters) – Senegal plans to issue between $500 million and $1 billion in debt in international markets this year starting from June to cover its budget needs, an economic adviser to President Macky Sall said on Wednesday. Mamadou Fall Kane said the West African country’s government was concerned by the strength of the dollar and would use currency swaps to hedge its exposure on dollar-denominated debt. Senegal, a member of the eight-nation…