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Latest Economy news from SenegalInfos, with trusted reporting and updates from Senegal, Africa and the world.
Amid rising living costs, the citizen-led ‘30 Days for Fair Prices’ initiative is gaining traction on social media. Its organisers are planning targeted boycotts, public denunciations and a peaceful march to defend consumers’ purchasing power.
Following Moody’s downgrade of Senegal’s sovereign rating, Seydi Gassama has blamed the management of public finances under the previous administration. He is calling on institutions to act jointly in response to the debt crisis.
The price of local onions is rising in Thiès, according to information reported by PressAfrik. Producers cite storage costs as the cause.
The Ministry of Industry and Trade has announced the lifting of the freeze on onion imports from Monday, August 31, 2026. The measure comes after several months of suspension.
Spiro has appointed Auroasish Choudhuri as managing director for West and Central Africa. He will oversee the group’s mobility operations in the two regions, as the company reorganises its leadership following a $270 million fundraising round in June.
The Ministry of Industry and Trade has announced the end of the freeze on onion imports effective August 31, 2026. The measure is intended to ensure a regular supply to the domestic market and help stabilise prices.
The freeze on onion imports was lifted on Monday, August 31. The market is reopening under a quota system, according to a circular letter cited by Ndarinfo Saint-Louis.
The ministry has decided to reopen onion imports, subject to a quota system, according to PressAfrik. The precise terms of the measure are not included in the available information.
FPRS And Liggey is calling for inclusive financial talks following Moody’s downgrade of Senegal’s sovereign rating from Caa1 to Caa2, with a negative outlook. The party also calls for greater budget transparency and a national recovery plan.
In an op-ed carried by Leral, Babacar Ba of the Forum du justiciable responds to a downgrade attributed to Moody’s. He places it in the context of Senegal’s negotiations for a new programme with the IMF.
The International Monetary Fund mission in Dakar, led by Mercedes Vera Martin, is due to conclude this Tuesday, September 1. The issue of a programme is presented as a key matter during this visit.
Ratings agency Moody’s downgraded Senegal on Friday from Caa1 to Caa2. The move places the country one notch lower on the agency’s rating scale.
Senegalese banks hold an increasing share of government securities issued by the state, according to Leral. Fitch Ratings believes the situation carries a contagion risk.
Preparations for the 2027 finance bill are taking place in a context Leral describes as unprecedented. The outlet points in particular to high debt levels and the absence of an IMF programme.
In a contribution published by SeneNews, Kalidou Bâ describes Moody’s Ratings’ downgrade of Senegal’s sovereign rating to Caa2, with a negative outlook, as concerning. He calls for greater institutional stability, fiscal discipline and productive investment.