Senegal president warns over African nation's finances

Senegal's President, Bassirou Diomaye Faye, delivered his annual state of the nation address, highlighting significant concerns regarding the nation's financial health. He emphasized the need for collective effort and "active solidarity" to address these challenges, underscoring that fiscal discipline is non-negotiable.

​To address the fiscal challenges, President Faye's administration has introduced a 25-year economic and social development plan aimed at achieving economic sovereignty. The plan focuses on building a diversified and resilient economy, emphasizing local processing and development of raw materials. It also includes measures to reduce the budget deficit and achieve sustainable economic growth.