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.

Moody's Investor Services has today affirmed Senegal's B1 government bond and issuer ratings and maintained the positive outlook. Senegal's short-term rating is affirmed at Not Prime.

Senegal plans to raise between $500 million and $1 billion on international markets in 2016 to finance development of infrastructures and accelerate the growth of its economy, President Macky Sall said in an interview published on May 17 by Bloomberg.

Kosmos Energy (NYSE: KOS) announced today that its Teranga-1 exploration well offshore Senegal has made a significant gas discovery.