The State of Senegal has closed its troisième appel public à l’épargne (APE 3) of the year 2025, mobilising more than 450 billion FCFA on the regional financial market. This exceptional amount exceeds by far the initial objective of 300 billion FCFA, reaching a rate of coverage of more than 150%. The operation, launched on 18 September and closed on Friday 10 October 2025, is part of the government’s strategy to diversify its sources of financing and ensure greater financial sovereignty. This success is all the more remarkable since the APE 3 has benefited from an unprecedented participation of the Senegalese diaspora. Citizens established in more than 45 countries attended, along with institutional investors, residents and sub-regional investors. The Ministry of Finance and Budget described this mobilization as “inclusive”, illustrating a “shared will of a national community united around the development effort”. For the State, this performance is a “proof of the renewed confidence of investors in the economic prospects of the country” and in the budgetary and financial policy implemented, based on rigour and transparency. The funds mobilised are included directly in the coverage of the State’s financing needs, as authorised by Parliament, in order to meet its financial commitments. “The operation was structured and conducted by Impaxis Securities, as principal arrangeur et chef de file, in collaboration with Société Générale, co-arrangeur et co-chef de file”, according to the communiqué. This APE 3 underlines the determination of Senegal to favour endogenous financing, marking an affirmation of its autonomy in the conduct of its public policies, far from any “external interference”, as underlined in the communiqué of the Ministry of Finance and Budget. The State of Senegal concludes by thanking all the subscribers and partners for their contribution to the “economic reconstruction” of the country. With Pressafrik
Senegal has raised more than 450 billion FCFA on the regional financial market: a success that exceeds expectations
