West African Development Bank Clarifies Sovereign Bond Strategy Amid Regional Issuance Surge
Quidah is an online platform that connects investors with curated opportunities and expert insights on Africa’s emerging markets, while offering businesses promotional services, partnership facilitation, and market intelligence to attract capital and grow their operations.
Industries
BOAD invests liquidity in regional market bonds to optimize treasury and mitigate carry costs. June 2025 financials showed Ivorian portfolio +360% and Senegalese +65% in six months.
WAEMU members lean on regional market; UMOA-Titres official Arouna Sow projected 2026 issuance up from prior. Côte d’Ivoire plans 4.221 trillion CFA francs ($7.69 billion); Sénégal 4.132 trillion CFA francs ($7.54 billion).
Sénégal raised 590 billion CFA francs ($1.06 billion) in five issuances YTD, with allocations to Togo/Sénégal bidders. Debt hit 132% GDP end-2024 (from 78% 2023), triggering IMF lending freeze over misreported figures.
BOAD distinguishes bond purchases (asset management) from loans/grants budget support. No sovereign issuer defaults recorded in 50+ years operations.
