Senegal’s Strong Growth
July 13th, 2023

Via Semafor, a reminder of Senegal’s strong economic growth:

Senegal’s economy is projected to grow by up to 5.3% this year boosted by its emerging oil and gas sector, said the International Monetary Fund this week. Despite facing challenges including “spillovers from the war in Ukraine, tighter financing conditions, and increased political instability in the region,” Senegal is still expected to be one of the fastest growing economies on the continent. Growth is forecast to accelerate to 10.6% in 2024 and 7.4% in 2025. However, non-hydrocarbon growth is expected to reach around 6% with prudent economic management.

This entry was posted on Thursday, July 13th, 2023 at 8:33 pm and is filed under Senegal.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.


ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.