Senegalese President Macky Sall has shut 59 state institutions and begun audits of government projects after ending the 12-year rule of Abdoulaye Wade, improving investors’ outlook for the West African nation.
Senegal will focus on luring more investment in mining to help its economy expand at an average rate of 7 percent for a decade, President Macky Sall said.
Senegal’s Eurobonds rallied when President Abdoulaye Wade conceded defeat in the March 25 election. Now his successor, Macky Sall, must attract more investment to fuel economic growth.
Senegalese President Macky Sall’s push to increase spending on power and water projects to boost economic growth is rewarding bondholders with sub-Saharan Africa’s best performance.
Senegalese President Macky Sall appointed new finance and justice ministers in his second cabinet reorganization since coming to power 17 months ago.
Former Senegalese Prime Minister Macky Sall plans to run for president in 2012, Walfadjri , a Dakar- based newspaper, reported.
"Everybody agrees on the profile of the civilian ruler as well as the choice for a prime minister."
- Macky Sall on Nov 12, 2014