Côte d’Ivoire
Côte d’Ivoire (IVORY Coast, MSCI) expects 6.3% GDP growth in 2025, supported by tight fiscal control narrowing the deficit to 3.0% of GDP. Governance moves aim to compress the sovereign Eurobond spread and reinforce its regional credit anchor role.
Senegal
Senegal’s international bonds are yielding above 16% after the government rejected International Monetary Fund-linked restructuring, pushing debt/GDP above 130% and raising rollover risk. Investors should monitor spreads vs UST and external amortisation flows.
West Africa Economic and Monetary Union (WAEMU)
WAEMU launches instant payments platform linking eight member states, expanding fintech adoption and financial inclusion; BCEAO-led initiatives aim to boost cross-border trade, liquidity, and SME participation in XOF markets.
West Africa
BOAD’s €1bn 15-year tightens spreads and extends WAEMU duration; execution hinges on 60% disbursement in 24 months as EUR=X stays stable and CL=F remains range-bound, sustaining demand for long African supranational paper.
Nigeria
Nigeria’s revenue-recovery plan aims to lift non-oil receipts and cut the deficit; if arrears exceed ₦1 trillion and NGN=X stays near ₦1,600, spreads on Eurobonds and CL=F-linked fiscal flows could tighten by mid-2026.
Gabon
GA:LOGFRT and GA:STORGH are set to benefit as CEAG mandates traceable imports; sovereign spread at +425 bps signals market focus on governance and fiscal discipline.
Côte d’Ivoire
Côte d’Ivoire secures concessional anchors to compress refinancing risk as EM credit tracks EMB while energy volatility via CL=F tests buffers; growth ~6% and debt mid-50s of GDP sustain WAEMU benchmark status if execution metrics hold.