Senegal's national electricity company, Senelec, has reached a decisive milestone in its financial modernization strategy. In partnership with a consortium of financial experts, the company officially announced on Wednesday, May 6, 2026, the closing of an unprecedented debt securitization transaction. This fundraising of 120 billion CFA francs, recently listed on the Regional Stock Exchange (BRVM), marks a first for a public utility within the WAEMU region. The transaction is distinguished by its "Green & Social" component, specifically designed to support the country's energy transition and sustainable projects.

For Senelec's management, this financial arrangement represents much more than a simple transaction.

Pape Toby Gueye, the CEO, sees this as a "structural innovation" that illustrates the company's commitment "to sustainably diversify its financing tools, optimize the securing of its receivables, and strengthen its ability to mobilize the market." Named FCTC-SENELEC, the operation is divided into two tranches (senior and mezzanine) and aims for clear operational objectives. According to the CEO, the funds raised will notably allow the company to "meet growing demand, improve service quality, strengthen network resilience, and support the energy transition."

This initiative is part of an ambitious government policy aiming for universal access to electricity by 2050. Moustapha Baidy Ba, technical advisor at the Ministry of Energy, described the event as a "historic moment" for national energy policy. He emphasized that this mechanism combines financial innovation with social ambition, offering investors a product that is both secure and profitable. This fundraising effort is seen as a driver of Senegal's industrial competitiveness and a lever for job creation, particularly for young people.

The reception given to this operation by the stock market authorities underscores its exceptional nature. Edoh Kossi Amenounve, CEO of the BRVM (Regional Stock Exchange), hailed this "unprecedented" listing, noting that the pooling of green and socially responsible funds strengthens the appeal of the regional financial market. He welcomed Senelec's remarkable return to the stock exchange, seven years after its last listing, believing that the company has fully "grasped the importance of the regional financial market." This success testifies to the confidence of financial partners, such as the BOAD (West African Development Bank), in the strength and growth potential of the Senegalese energy sector.