Special guest on Financial Afrik on Friday, July 24, 2026, Lansana Gagny Sakho, Chairman of the APIX Board of Directors, delivers a frank analysis of Senegal’s economic situation. While acknowledging the seriousness of the debt crisis, the expert believes that the real challenge is to address reforms in order to restore investor confidence, reconnect with financial partners, and put the private sector back at the heart of the growth strategy.
For Lansana Gagny Sakho, the central issue is the credibility of the State. Restoring transparency and the quality of budget reporting, he argues, is an essential prerequisite for any economic recovery.
https://youtu.be/4PPkLLZt12I?si=OhzIYODKNBY0V5Ao
The former Director General of ONAS emphasizes that discussions with the International Monetary Fund go beyond simple financial support. An agreement with the IMF would primarily represent a signal of confidence sent to the markets, rating agencies, and international investors.
One of the most concerning observations made by the Chairman of the APIX Board of Directors concerns the dramatic decline in foreign direct investments (FDI). According to the figures he presents during the interview, Senegal went from approximately $3.5 billion in FDI in 2024, making it the top recipient in Africa, to only $38 million, relegating it to 47th place on the continent. Such a drop primarily reflects a loss of investor confidence and illustrates the economic cost of uncertainty.
Faced with this situation, Lansana Gagny Sakho advocates for a recovery strategy based on rebuilding trust between the State and technical and financial partners, as well as with the local private sector. A proponent of incremental integration, Mr. Sakho praises the leadership of Côte d’Ivoire, the driving force of the WAEMU. His views on the CFA Franc, the Eco, and the AfCFTA deserve debate/ ultimately, Senegal needs to recreate a business-friendly environment, strengthen legal security, and accelerate reforms to enhance the country’s competitiveness. The APIX
has a crucial role to play in this new phase.
In conclusion, the message conveyed by Lansana Gagny Sakho is one of cautious optimism. Senegal can bounce back quickly if it tackles reforms head-on.
