Senegal has rejected claims that it covertly borrowed $754 million to avoid a potential default.

Reports had alleged that the government secretly secured the funds last year from development lender Africa Finance Corporation and First Abu Dhabi Bank, with terms that gave the lenders priority over existing bondholders. In response, the country's Finance Ministry says the transactions were part of a broader strategy to diversify funding sources as the West African nation seeks to raise capital to service its substantial debt and meet government expenditure needs.

Thami Ngubeni spoke to Dr Abotebuno Akolgo, an economist and Program Manager at the International Development Economics Associates (IDEAs).

Senegal has rejected claims that it covertly borrowed $754 million to avoid a potential default.
Reports had alleged that the government secretly secured the funds last year from development lender Africa Finance Corporation and First Abu Dhabi Bank, with terms that gave the lenders priority over existing bondholders. In response, the country's Finance Ministry says the transactions were part of a broader strategy to diversify funding sources as the West African nation seeks to raise capital to service its substantial debt and meet government expenditure needs.
Thami Ngubeni spoke to Dr Abotebuno Akolgo, an economist and Program Manager at the International Development Economics Associates (IDEAs).

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Senegal is accused of covertly borrowing $754 million to avoid a potential default

South Africa's (SA) Reserve Bank Governor, Lesetja Kganyago, says the bank has decided to keep the repo rate steady at 6,75% amid steeply rising oil prices. 

This means that the prime lending rate remains at 10.25% . Kganyago says the bank is closely watching the effects of the oil price shock on the back of the conflict in the Middle East.

 Thami Ngubeni spoke to Fatgie Adams, Head of Credit Risk Solutions at TransUnion.

South Africa's (SA) Reserve Bank Governor, Lesetja Kganyago, says the bank has decided to keep the repo rate steady at 6,75% amid steeply rising oil prices.&nbsp;
This means that the prime lending rate remains at 10.25% . Kganyago says the bank is closely watching the effects of the oil price shock on the back of the conflict in the Middle East.
&nbsp;Thami Ngubeni spoke to Fatgie Adams, Head of Credit Risk Solutions at TransUnion.

SA Reserve Bank leaves repo rate unchanged at 6.75% amid steeply rising oil prices

In the C Suite, we are joined by Bunjiwe Gwebu, Executive Manager of the Fetakgomo Tubatse Special Economic Zone (FTSEZ) under the Limpopo Economic Development Agency (LEDA).

With over 20 years of professional experience spanning economic development, spatial planning, and investment facilitation in both public and non-governmental sectors, Gwebu has held senior management positions at leading national and municipal development institutions. Currently pursuing a Doctor of Philosophy in Digital Transformation, she is committed to driving inclusive, people-centred economic growth and industrialisation, with a focus on transforming local economies.

Thami Ngubeni spoke to Bunjiwe Gwebu, Executive Manager of the Fetakgomo Tubatse Special Economic Zone.

In the C Suite, we are joined by Bunjiwe Gwebu, Executive Manager of the Fetakgomo Tubatse Special Economic Zone (FTSEZ) under the Limpopo Economic Development Agency (LEDA).
With over 20 years of professional experience spanning economic development, spatial planning, and investment facilitation in both public and non-governmental sectors, Gwebu has held senior management positions at leading national and municipal development institutions. Currently pursuing a Doctor of Philosophy in Digital Transformation, she is committed to driving inclusive, people-centred economic growth and industrialisation, with a focus on transforming local economies.
Thami Ngubeni spoke to Bunjiwe Gwebu, Executive Manager of the Fetakgomo Tubatse Special Economic Zone.

C Suite: Bunjiwe Gwebu, Executive Manager of the Fetakgomo Tubatse Special Economic Zone

The South African National Treasury has increased the annual contribution limit for Tax-Free Savings Accounts (TFSAs) from $2 100 to $2 700.

 This change is designed to encourage greater household savings, allowing investors to shelter more interest, dividends, and capital gains from tax, while the lifetime contribution limit remains at $29 000.

 To look at how South Africans are currently saving, identify the gaps in household savings, and explore how tools like TFSAs can support households in building financial resilience and long-term wealth. Thami Ngubenis spoke to Sisandile Nkatu, Head of Retail Investments at Nedbank.

The South African National Treasury has increased the annual contribution limit for Tax-Free Savings Accounts (TFSAs) from $2 100 to $2 700.
&nbsp;This change is designed to encourage greater household savings, allowing investors to shelter more interest, dividends, and capital gains from tax, while the lifetime contribution limit remains at $29 000.
&nbsp;To look at how South Africans are currently saving, identify the gaps in household savings, and explore how tools like TFSAs can support households in building financial resilience and long-term wealth. Thami Ngubenis spoke to Sisandile Nkatu, Head of Retail Investments at Nedbank.

Senegal is accused of covertly borrowing $754 million to avoid a potential default

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