Senegal records the highest average bank loan rate for housing in WAEMU
Tuesday, 06 March 2018 03:29
In Senegal, the average borrowing rate on loans granted by banks for housing-related expenses reached 8.69% at the end of January 2018. Compared to that of December 2017 which was just 6.4%, this is an increase of 2.21%.
This rise is puzzling because in December 2017, the country had the lowest rate on housing loans within WAEMU and in just one month, it has become the country with the highest rate, ahead of Togo (8.5%) and Côte d’Ivoire (7.96%).
It is also higher than the average annual rate applied in the sector within WAEMU since 2015. Moreover, this rise contrasts with the rate’s decrease observed in the sub-region.
Idriss Linge
Live News
-
Togo Asks IMF to Conduct In-Depth Governance Review, Set to Begin Next Month
05:16
-
Banque Atlantique Togo Raised CFA12 Billion in 2024 with FAGACE’s Help
21:03
-
US Remittance Tax Could Weigh Heavily on African Economies
20:44
-
Orange Implements AI to Improve Capex, Energy Use, and Maintenance Efficiency
20:31
-
Cameroon, Morocco Agree to Boost Cooperation on E-Government
20:26
-
Manono Project: U.S. firm Kobold Signs Agreement in Principle with Kinshasa
19:54
-
Cocoa Grindings Fall Globally as High Prices Weigh on Demand
19:08
-
Egypt expands grid capacity to support green energy ambitions
18:58
-
Togo Initiates Consultations for Upcoming Agricultural Insurance Program
15:38
-
CEMAC Banks Demand Record Liquidity of CFA639 Billion After Rate Cut
14:57
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
The former Nigerian president has passed away. A feared military figure and controversial head of st...
Highlights: • Kobold Metals signed an agreement in principle with the DRC government on July 17, 2025.• The deal includes the Manono lithium project,...
Highlights: • Global cocoa processing down across all major regions in Q2 2025• ECA: Europe’s grindings at lowest since 2020, Asia at lowest since...
Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-voltage line signed on June 25.• National grid expansion...
Highlights: • EXIM Bank issues letter of intent for $150M to support Botswana's NexMetals• US eyes battery-grade nickel sulphates and cobalt from...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...