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IMF Called In as Senegal’s Debt Crisis Worsens [Business Africa]

In this edition of Business Africa, we turn the spotlight on Senegal, where a deepening economic crisis is taking a heavy toll.

Swept to power in 2024 on a wave of popular hope, Bassirou Diomaye Faye and Ousmane Sonko placed economic sovereignty, institutional reform, and transparent governance at the heart of their agenda. However, the tough realities of economic restructuring have rapidly tested that momentum.

Confronted with the looming threat of default and burdened by heavy debt, the new government has made reopening negotiations with the International Monetary Fund (IMF) its top priority. Senegal aims to secure an agreement with the Bretton Woods institution before June 30.

Our guest today, Abdoulaye Ndiaye named Best Young African Economist at the recent Africa CEO Forum in Kigali shares three key reforms that could help steer Senegal out of the crisis and avert a deeper downturn.

In the second half of the programme, we shift focus to the strategic Port of Lomé, followed by a look at an innovative digital tablet developed by Seamless Service Terminal, designed to deliver essential services to underserved communities.

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