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Investors calmed by peaceful transition in Senegal but await clarity on new policies

New economic and financial policies could affect relationship with international investors
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Investors calmed by peaceful transition in Senegal but await clarity on new policiesSenegalese opposition leader Ousmane Sonko and Bassirou Diomaye Faye cheer on supporters during an electoral campaign caravan on March 16 2024. (Image: Reuters/Abdou Karim Ndoye)

Bassirou Diomaye Faye was sworn in last week as Senegal’s youngest elected leader, following closely watched presidential elections that passed off smoothly on March 24.

The leftwing political novice, a former tax collector who has no experience of elected office at any level, is poised to bring in new measures designed to tackle some of the country’s most stubborn economic issues, such as corruption and youth unemployment, and is targeting the renegotiation of several long-standing contracts with foreign investors. 

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