By the AFREEQUE newsroom, based on Senego
Moody’s estimates that foreign private creditors could face losses of 35% to 65% as part of the treatment of Senegal’s public debt, whose long-term foreign-currency rating has been downgraded to Ca. Local-currency debt remains excluded from the operation, while prospects for external restructuring are deteriorating, according to information reported by Senego and Setal.
Moody’s has lowered Senegal’s foreign-currency credit rating from Caa2 to Ca, its fifth consecutive downgrade, according to Club of Mozambique, Seneweb and Bénin Web TV. The agency expects external private creditors to incur losses of 35% to 65% under the debt treatment. It kept the local-currency rating at Caa2 and assigned a stable outlook.
🇸🇳 Senegal · Source: Club of Mozambique ·
Senegalese President Bassirou Diomaye Faye has called for a census of artisans and the restructuring of the Agency for the Promotion and Development of Crafts to make it easier for them to access public procurement. The measures, presented to the Council of Ministers on 28 October 2026, include consideration of a special fund to finance the sector, according to Senego.
🇸🇳 Senegal · Source: Senego ·
El Niño could worsen poverty in southern Africa by causing a drought in 2026-2027, after the 2015-2016 drought left 61 million people in need and pushed more than 8 million into food insecurity. The FAO estimates that the coming conditions could be even more difficult, while geopolitical conflicts are increasing energy costs and disrupting supplies, according to Wandile Sihlobo.
🇳🇦 Namibia · Source: Windhoek Observer ·
Moroccan port Tanger Med plans an expansion that would add capacity for 4.5 million containers to its facilities. The complex, already the leading container port in the Mediterranean and Africa according to RFI, would thereby strengthen its capacity to handle maritime freight.
🇲🇦 Morocco · Source: RFI ·
Senegal family grants reach 469,497 householdsIn Senegal, 469,497 households benefit from family security grants in 2026, up from 355,013 in 2024, with an annual allowance of 140,000 CFA francs per household. Aboubakr Ka defends the scheme, which is to reach one million households in 2027, citing an assessment by the World Bank and DGPSN.
Ivory Coast leaves FATF grey listThe Financial Action Task Force has officially removed Ivory Coast from its grey list of countries under increased monitoring, following its plenary meeting in Paris on 30 October 2026. The decision ends a 24-month period of monitoring that began on 25 October 2024, according to Linfodrome.The week in Africa
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