Senegal's Key Construction Sector Flounders Despite Govt Reform Pledges [Barron's]
Moody's Corporation (MCO)
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Source: Barrons
A year after the west African country's new president took power promising economic and political sovereignty and sweeping reforms, his ambitious pledges have not helped the sector. A worker points to a drill and milling machine in a hangar of the Consortium of Senegalese Enterprises (CSE), involved in constructing infrastructure and public buildings. "Nothing is working," the man in his 40s said, speaking on condition of anonymity. "It's been difficult for 11 months. Our order book has dropped from 140 billion to 20 billion CFA francs ($231 million to $33 million) and our staff has dropped from some 3,000 to 1,700," said trade unionist Souleymane Camara, citing figures from the CSE management. President Bassirou Diomaye Faye took office in early April 2024 with strong popular support after pledging an end to political and economic dependence on foreign countries, notably former colonial ruler France. Trumpeting himself as a left-wing pan-Africanist, Faye's election raised
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MCO
Earnings
- 10/23/25 - Beat
MCO
Sec Filings
- 12/19/25 - Form 8-K
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- MCO's page on the SEC website