Economic Complications: The World Bank's New Blow to Senegal

Author: senenews.comPublished on: June 13, 2026Country: Senegal

Business & Economy

Economic Complications: The World Bank's New Blow to Senegal

The World Bank has lowered Senegal's growth forecast to 2.2% for 2026, down from 6.7% expected in 2025, a drop of more than four percentage points. This sharp revision is attributed to the revelation of hidden debt and the freezing of IMF funding, raising concerns about the country's economic stability.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

FCMB Group Reports N202.1 Billion Profit Before Tax for 2025, N87.0 Billion in Q1 2026

Business & EconomyNigeria

Daily Post Staff•3h ago

FCMB Group Reports N202.1 Billion Profit Before Tax for 2025, N87.0 Billion in Q1 2026

FCMB Group Plc reported a profit before tax of N202.1 billion for 2025, up 81% year-on-year, and a net profit of N177.3 billion (+142%). In Q1 2026, profit before tax reached N87.0 billion, a 148% increase. All divisions (banking, consumer finance, investment management, and investment banking) posted double-digit growth. Total deposits rose, and net interest margin improved to 9.5% in 2025 and 10.7% in Q1 2026.

Thanks to his refinery, Dangote's fortune soars to $36.5 billion

Business & EconomyNigeria

Cédric Amoussou•3h ago

Thanks to his refinery, Dangote's fortune soars to $36.5 billion

Aliko Dangote's fortune is estimated at $36.5 billion according to the Bloomberg Billionaires Index. This increase is attributed to the ramp-up of the Dangote refinery, the largest in Africa. The Nigerian billionaire's wealth exceeds the GDP of several African countries such as Mali, Burkina Faso, and Gabon, according to IMF projections for 2026.

US gives green light for Paramount's $111 bn Warner Bros. takeover

Business & EconomyWorld / InternationalUnited States

Henry Oduah•4h ago

US gives green light for Paramount's $111 bn Warner Bros. takeover

The US Justice Department on Friday cleared Paramount Skydance's $111 billion takeover of Warner Bros. Discovery without demanding any changes, capping an eight-month review. The deal, financed by Oracle co-founder Larry Ellison, a Trump ally, is a win for Paramount CEO David Ellison. However, a coalition of about 10 states led by California is preparing an antitrust lawsuit, and the European Commission is also reviewing the merger.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more