The State of Senegal mobilizes several billion CFA francs on the UEMOA financial market

In January 2025, Senegal mobilized 43.529 billion CFA francs on the financial market of the West African Economic and Monetary Union (UEMOA), confirming its ability to attract investors to finance its development projects.

The Senegalese Treasury issued bonds and similar bonds to meet the State’s financing needs. The operation was marked by investor demand well above the initial offer, a sign of the attractiveness of Senegalese securities. The bonds issued will be repaid on January 18, 2026, while the bonds will mature on January 20, 2028 and January 20, 2030. The interest rates offered, oscillating between 7.38% and 7.77%, reflect the confidence of the markets in the Senegalese economy.

The 43.529 billion raised will be used to finance public spending in essential sectors, such as education, health and infrastructure. This fundraising is part of a recurring strategy of Senegal, which relies on regional financial markets to support its development.

Senegal thus confirms its leading role in the regional debt market. In 2024, the country had mobilized 29.520 billion FCFA in October and 40.139 billion in June. These successes reflect sustained momentum in the region. Indeed, UEMOA member states collectively raised 8,746 billion FCFA in 2023, after 8,806.7 billion in 2022, showing the importance of this market for West African economies.