Senegal

Kosmos Energy (NYSE: KOS) announced today a major gas discovery offshore Senegal.

Moody's Investors Service has today upgraded the long-term issuer and senior unsecured debt ratings of the Government of Senegal to Ba3 from B1 and changed the outlook to stable from positive. Moody's also affirmed the short-term issuer ratings at Not Prime.

Millicom announced today that it has signed an agreement for the sale of its Tigo business in Senegal to Wari Group for $129 million. Wari Group, based in Senegal, is a leading platform for digital financial services in Africa.

On September 14, 2016, in Abidjan, the Board of Directors of the African Development Bank (AfDB) approved the Country Strategy Paper for Senegal for the next five years (2016-2020). The new strategy has two pillars: support to agricultural transformation and strengthening of production and competitiveness support infrastructure (energy and transport). The AfDB has pledged an estimated 1.4 million USD in funding for 2016-2020. There are also additional funding possibilities offered through Africa50, the Africa Growing Together Fund, and trust funds such as the Global Environment Fund and the Fund for African Private Sector Assistance.