SENEGAL

IMF downgrades Senegal’s 2020 economic growth forecast to 1.1% from 6.8% in January amid COVID-19 economic fallout

The International Monetary Fund (IMF) has downgraded Senegal's 2020 economic growth forecast to 1.1% from 6.8% in January amid COVID-19 economic fallout. The IMF forecast for Senegal has now gone from 6.8% in...

Senegal records 4640 confirmed cases of COVID-19, 52 deaths and 2885 recoveries

Senegal has recorded 4640 confirmed cases of COVID-19, 52 deaths and 2885 recoveries, the ministry of health said in a statement on Wednesday. The Ministry said of the 1205 test results received on...

African Development Bank approves €88 million ($98 million) loan for Senegal to respond to COVID-19

The Board of Directors of the African Development Bank on Friday approved a loan of 88 million euros to Senegal, hit hard by the novel coronavirus pandemic,  in support of  the costs of its national COVID-19 Economic and...

IMF approves release of $442 million to Senegal to respond to coronavirus economic crisis

The International Monetary Fund (IMF) on Monday approved the disbursement of $442 million to Senegal to respond to the novel coronavirus economic crisis. The IMF said its board approved the purchase, under the...

IMF may lift Senegal’s COVID-19 response with $221 million

The Executive Board of the International Monetary Fund (IMF) has completed discussions on $221 million request by Senegal to meet the urgent budgetary and balance of payments needs stemming from the COVID-19 pandemic.

Coronavirus spreads to 6 African countries as cases are confirmed in Senegal, Nigeria, Egypt, Algeria, Morocco and Tunisia. Dog tests positive in Hong Kong

COVID-19, the deadly respiratory disease caused by coronavirus, has spread to over 80 countries around the world, including six in Africa - Nigeria, Senegal, Egypt, Morocco, Algeria and Tunisia. Globally, it has killed over 3200 people...

Full remarks as Pompeo and Senegalese Foreign Minister Amadou Ba discuss strengthened cooperation, including terrorism in Africa

The United States Secretary of State Michael Pompeo wrapped up his visit to Senegal on Sunday with a joint press briefing with Senegalese Foreign Minister Amadou Ba. Mr. Ba called on the United...

IMF praises Senegal’s economic growth under Macky Sall, approves fresh three-year policy coordination instrument

The executive board of the International Monetary Fund (IMF) on Friday approved a fresh three-year policy coordination instrument for Senegal. IMF said the new policy coordination instrument or PCI will "build on...

IMF chief Kristalina Georgieva makes first official trip to Sub-Saharan Africa, commends Senegal economic performance

The Managing Director of the International Monetary Fund Kristalina Georgieva has made her first official trip to Sub-Saharan Africa. Georgieva, who traveled to Senegal, met with President Macky Sall, Minister of Finance and...

France returns sword looted from Senegal belonging to 19th century anti-colonial warrior Omar Saidou Tall

France has returned a sword looted from Senegal belonging to 19th century anti-colonial warrior Omar Saidou Tall. French colonialists looted at least 90,000 artefacts from sub-Saharan Africa as...

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African Development Bank projects tripled incomes of rural producers and traders in Tanzania

An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in...

African Development Bank forecasts economic tumult for West Africa in 2020 amid COVID-19. Growth to shrink by 2 percent

Economic growth in West Africa, which was poised to expand by 4.0 percent in 2020, following growth of 3.6 percent in...

Buhari signs new appropriation act into law, explains why Nigeria needed to borrow more money amid COVID-19 pandemic and fall of oil prices

President Muhammadu Buhari made the remarks at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020.

Charles Lufumpa: How African countries can respond to COVID-19, reopen economies and accelerate recovery

Charles Lufumpa, the African Development Bank’s Acting Chief Economist and Vice President for Economic Governance and Knowledge Management speaks on the...

Additional 49 million Africans could be pushed into extreme poverty and continent could lose up to $189 billion of GDP in 2020 amid COVID-19...

The African Development Bank on Tuesday projected that an additional 49 million Africans could be pushed into extreme poverty as the...

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