Senegal revises 2011 growth target to 4.4 percent

Senegal has upgraded its 2011 growth forecast.

Senegal revised its growth target for 2011 upwards to 4.4 percent on Wednesday from an earlier forecast of 4.1 percent amid expectations of better performance across a number of sectors.

“In 2011 we predict Gross Domestic Product growth of 4.4 percent driven by the secondary sector notably mining, chemical, refinery and building sectors,” the official forecast agency DPEE said in a statement. DPEE also raised the 2010 growth outlook to four percent from an earlier 3.4 percent.

Senegal has a $200 million Eurobond SN047485975RRPS maturing in 2014 and is host to telecoms company Sonatel SNTS.CI, the largest stock on the BRVM West African bourse.

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