Skip to main content

Bantu Gazette

Bantu Gazette
  • Policy & Governance
  • Development & Impact
  • Business, Trade & Economy
  • Energy
  • Changemakers
  • Culture & Identity
  • Perspectives
  • Magazine
Menu
  • Black Frame Studio
  • Magazine

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Veteran central banker takes the helm as Senegal races to stabilize its public finances and reengage frozen negotiations with international creditors

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Senegal Prime Minister Ahmadou Alhaminou Mohamed Lo

Aissatou Fallby Aissatou Fall
May 26, 2026
Reading Time: 2 mins read

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Veteran central banker takes the helm as Senegal races to stabilize its public finances and reengage frozen negotiations with international creditors

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Senegal Prime Minister Ahmadou Alhaminou Mohamed Lo

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Senegal Prime Minister Ahmadou Alhaminou Mohamed Lo

Aissatou Fallby Aissatou Fall
May 29, 2026
Reading Time: 2 mins read

DAKAR, Senegal

President Bassirou Diomaye Faye has appointed veteran central banker Ahmadou Alhaminou Mohamed Lo as Senegal’s new prime minister, three days after dismissing Ousmane Sonko amid widening tensions over the country’s fiscal management.

Lo took office Monday with a sober acknowledgment of the economic strain facing his administration.

“In these crucial moments in the life of the nation, we must all be conscious of the emergency context in which our country finds itself, particularly the state of public finances and its impact on the economy,” he told officials in Dakar.

The new premier cited additional pressures, including rising energy and food costs linked to the Middle East crisis, persistent social unrest and a deteriorating security climate across West Africa.

Faye dismissed Sonko on Friday, May 22, after irreconcilable differences over how to navigate Senegal’s debt crisis and stalled talks with international lenders.

In his first address, Lo praised his predecessor’s contributions, noting that Sonko’s tenure produced a national transformation agenda, a master plan, an economic and social recovery program, and a five-year development strategy.

“I would like to salute the fruitful work carried out under the impulse of the president of the republic and the coordination of the outgoing prime minister, Ousmane Sonko,” Lo said.

He stressed that the leadership change does not mark a policy reversal but rather “a change of method in institutional coherence and governmental action,” consistent with the commitments of the PROJET platform, Senegal’s national transformation program, and rooted in PASTEF, the sovereignty-focused movement that underpins Faye’s presidency.

PASTEF, or African Patriots of Senegal for Work, Ethics and Fraternity, came to power in March 2024 after Faye defeated Macky Sall’s ruling coalition following a popular groundswell of support and an alliance with party founder Ousmane Sonko.

A Technocrat for Turbulent Times

Ahmadou Alhaminou Mohamed Lo (L), President Bassirou Diomaye Faye (R)

Lo, 60, brings nearly four decades of experience at the Central Bank of West African States, known as BCEAO, where he rose from treasury officer to secretary-general. As Senegal’s national director from 2016, he oversaw eurobond issuances, credit-rating engagements with Standard & Poor’s and Moody’s, and IMF negotiations under the ISPE and ICPE programs.

Faye first appointed him secretary-general of the Cabinet in April 2024 and later minister of state responsible for steering the Senegal 2050 transformation agenda.

His promotion now places operational control of that same program in the hands of its chief architect.

Lo outlined three priorities for his mandate, including resolving citizens’ daily hardships, advancing the Jub Jubal Jubbanti governance and accountability framework across social, territorial and administrative dimensions, and consolidating economic, geostrategic and cultural sovereignty.

“Senegal is a safe and reliable country, and intends to remain so,” he said, reassuring investors and partners. “I consider this new responsibility a sacred duty.”

Get the inside Story

Stay informed on the stories shaping Africa’s future. Get breaking news, in-depth analysis, opinions and exclusive insights from across the continent delivered to your inbox, free and unfiltered.


Get in touch for more:
Felix Tih
Editorial Director, Bantu Gazette
WhatsApp
LinkedIn
X (Twitter)
Instagram

Related Posts

Machines Can Now See, Analyze, Decide and Act, Rwanda Defense Official Warns Africa on Autonomous Weapons
Policy & Governance

Machines Can Now See, Analyze, Decide and Act, Rwanda Defense Official Warns Africa on Autonomous Weapons

August 19, 2026
Policy & Governance

Côte d’Ivoire Ambassador Highlights Growing Ties With Türkiye at Independence Day Celebration

August 13, 2026
Somalia Maritime Summit Adopts Ambitious Roadmap for Security, Governance and Blue Economy
Policy & Governance

Somalia Maritime Summit Adopts Ambitious Roadmap for Security, Governance and Blue Economy

August 9, 2026
Kenya President Announces Plan for Free Higher Education Starting in Sept. 2026
Policy & Governance

Kenya President Announces Plan for Free Higher Education Starting in Sept. 2026

August 6, 2026
Luanda Declaration Pushes African Leaders to Turn Blue Economy Plans into Action
Policy & Governance

Luanda Declaration Pushes African Leaders to Turn Blue Economy Plans into Action

July 26, 2026
West Africa Bloc Reiterates Commitment to Launch Single Currency in 2027
Policy & Governance

West Africa Bloc Reiterates Commitment to Launch Single Currency in 2027

July 25, 2026

Most Recent

Kenya Approves First Locally Domiciled Exchange Traded Fund
Business, Trade & Economy

Kenya Approves First Locally Domiciled Exchange Traded Fund

by Waceke Nganga
August 25, 2026
0

Capital Markets Authority clears WSA Banking Index fund, expected to list in the fourth quarter of 2026, giving investors broad...

Read moreDetails
Kagame Urges African Countries to Take Active Role in Shaping AI Future

Kagame Urges African Countries to Take Active Role in Shaping AI Future

August 25, 2026
Ghana’s Bad-Loan Problem is Becoming a Financial-Stability Story

Ghana’s Bad-Loan Problem is Becoming a Financial-Stability Story

August 24, 2026
Entrepreneurs Battle for Top 10 Spots in Africa’s Business Heroes

Entrepreneurs Battle for Top 10 Spots in Africa’s Business Heroes

August 25, 2026
Benin Turns the ‘Door of No Return’ Into a Door of Return for the African Diaspora

Benin Turns the ‘Door of No Return’ Into a Door of Return for the African Diaspora

August 24, 2026
Addis Ababa ‘Walks the Talk’ Ahead of Major African Health Meeting

Addis Ababa ‘Walks the Talk’ Ahead of Major African Health Meeting

August 24, 2026
Benin School Championships Showcase Youth Talent in Sports, Culture

Benin School Championships Showcase Youth Talent in Sports, Culture

August 24, 2026
Kenya Approves First Locally Domiciled Exchange Traded Fund
Business, Trade & Economy

Kenya Approves First Locally Domiciled Exchange Traded Fund

by Waceke Nganga
Reading Time: 2 mins read
August 25, 2026
0

Capital Markets Authority clears WSA Banking Index fund, expected to list in the fourth quarter of 2026, giving investors broad...

Read moreDetails
Kagame Urges African Countries to Take Active Role in Shaping AI Future
Development & Impact

Kagame Urges African Countries to Take Active Role in Shaping AI Future

by Amani Mwakalebela
Reading Time: 2 mins read
August 25, 2026
0

Rwanda President Paul Kagame says Africa has the talent to help shape artificial intelligence and must not accept lagging behind...

Read moreDetails
Ghana’s Bad-Loan Problem is Becoming a Financial-Stability Story
Business, Trade & Economy

Ghana’s Bad-Loan Problem is Becoming a Financial-Stability Story

by Felix Tih
Reading Time: 3 mins read
August 24, 2026
0

Banks are repairing their balance sheets as the economy recovers, but an 18% nonperforming-loan ratio remains a threat to credit...

Read moreDetails

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Veteran central banker takes the helm as Senegal races to stabilize its public finances and reengage frozen negotiations with international creditors

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Senegal Prime Minister Ahmadou Alhaminou Mohamed Lo

DAKAR, Senegal

President Bassirou Diomaye Faye has appointed veteran central banker Ahmadou Alhaminou Mohamed Lo as Senegal’s new prime minister, three days after dismissing Ousmane Sonko amid widening tensions over the country’s fiscal management.

Lo took office Monday with a sober acknowledgment of the economic strain facing his administration.

“In these crucial moments in the life of the nation, we must all be conscious of the emergency context in which our country finds itself, particularly the state of public finances and its impact on the economy,” he told officials in Dakar.

The new premier cited additional pressures, including rising energy and food costs linked to the Middle East crisis, persistent social unrest and a deteriorating security climate across West Africa.

Faye dismissed Sonko on Friday, May 22, after irreconcilable differences over how to navigate Senegal’s debt crisis and stalled talks with international lenders.

In his first address, Lo praised his predecessor’s contributions, noting that Sonko’s tenure produced a national transformation agenda, a master plan, an economic and social recovery program, and a five-year development strategy.

“I would like to salute the fruitful work carried out under the impulse of the president of the republic and the coordination of the outgoing prime minister, Ousmane Sonko,” Lo said.

He stressed that the leadership change does not mark a policy reversal but rather “a change of method in institutional coherence and governmental action,” consistent with the commitments of the PROJET platform, Senegal’s national transformation program, and rooted in PASTEF, the sovereignty-focused movement that underpins Faye’s presidency.

PASTEF, or African Patriots of Senegal for Work, Ethics and Fraternity, came to power in March 2024 after Faye defeated Macky Sall’s ruling coalition following a popular groundswell of support and an alliance with party founder Ousmane Sonko.

A Technocrat for Turbulent Times

Ahmadou Alhaminou Mohamed Lo (L), President Bassirou Diomaye Faye (R)

Lo, 60, brings nearly four decades of experience at the Central Bank of West African States, known as BCEAO, where he rose from treasury officer to secretary-general. As Senegal’s national director from 2016, he oversaw eurobond issuances, credit-rating engagements with Standard & Poor’s and Moody’s, and IMF negotiations under the ISPE and ICPE programs.

Faye first appointed him secretary-general of the Cabinet in April 2024 and later minister of state responsible for steering the Senegal 2050 transformation agenda.

His promotion now places operational control of that same program in the hands of its chief architect.

Lo outlined three priorities for his mandate, including resolving citizens’ daily hardships, advancing the Jub Jubal Jubbanti governance and accountability framework across social, territorial and administrative dimensions, and consolidating economic, geostrategic and cultural sovereignty.

“Senegal is a safe and reliable country, and intends to remain so,” he said, reassuring investors and partners. “I consider this new responsibility a sacred duty.”

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Veteran central banker takes the helm as Senegal races to stabilize its public finances and reengage frozen negotiations with international creditors

Senegal Appoints New Prime Minister as Faye Moves to Contain Fiscal Crisis

Senegal Prime Minister Ahmadou Alhaminou Mohamed Lo

Aissatou Fallby Aissatou Fall
May 26, 2026

DAKAR, Senegal

President Bassirou Diomaye Faye has appointed veteran central banker Ahmadou Alhaminou Mohamed Lo as Senegal’s new prime minister, three days after dismissing Ousmane Sonko amid widening tensions over the country’s fiscal management.

Lo took office Monday with a sober acknowledgment of the economic strain facing his administration.

“In these crucial moments in the life of the nation, we must all be conscious of the emergency context in which our country finds itself, particularly the state of public finances and its impact on the economy,” he told officials in Dakar.

The new premier cited additional pressures, including rising energy and food costs linked to the Middle East crisis, persistent social unrest and a deteriorating security climate across West Africa.

Faye dismissed Sonko on Friday, May 22, after irreconcilable differences over how to navigate Senegal’s debt crisis and stalled talks with international lenders.

In his first address, Lo praised his predecessor’s contributions, noting that Sonko’s tenure produced a national transformation agenda, a master plan, an economic and social recovery program, and a five-year development strategy.

“I would like to salute the fruitful work carried out under the impulse of the president of the republic and the coordination of the outgoing prime minister, Ousmane Sonko,” Lo said.

He stressed that the leadership change does not mark a policy reversal but rather “a change of method in institutional coherence and governmental action,” consistent with the commitments of the PROJET platform, Senegal’s national transformation program, and rooted in PASTEF, the sovereignty-focused movement that underpins Faye’s presidency.

PASTEF, or African Patriots of Senegal for Work, Ethics and Fraternity, came to power in March 2024 after Faye defeated Macky Sall’s ruling coalition following a popular groundswell of support and an alliance with party founder Ousmane Sonko.

A Technocrat for Turbulent Times

Ahmadou Alhaminou Mohamed Lo (L), President Bassirou Diomaye Faye (R)

Lo, 60, brings nearly four decades of experience at the Central Bank of West African States, known as BCEAO, where he rose from treasury officer to secretary-general. As Senegal’s national director from 2016, he oversaw eurobond issuances, credit-rating engagements with Standard & Poor’s and Moody’s, and IMF negotiations under the ISPE and ICPE programs.

Faye first appointed him secretary-general of the Cabinet in April 2024 and later minister of state responsible for steering the Senegal 2050 transformation agenda.

His promotion now places operational control of that same program in the hands of its chief architect.

Lo outlined three priorities for his mandate, including resolving citizens’ daily hardships, advancing the Jub Jubal Jubbanti governance and accountability framework across social, territorial and administrative dimensions, and consolidating economic, geostrategic and cultural sovereignty.

“Senegal is a safe and reliable country, and intends to remain so,” he said, reassuring investors and partners. “I consider this new responsibility a sacred duty.”

Get the inside Story

Stay informed on the stories shaping Africa’s future. Get breaking news, in-depth analysis, opinions and exclusive insights from across the continent delivered to your inbox, free and unfiltered.


Get in touch for more:
Felix Tih
Editorial Director, Bantu Gazette
WhatsApp
LinkedIn
X (Twitter)
Instagram

Related Posts

Machines Can Now See, Analyze, Decide and Act, Rwanda Defense Official Warns Africa on Autonomous Weapons

Machines Can Now See, Analyze, Decide and Act, Rwanda Defense Official Warns Africa on Autonomous Weapons

by Mary Oduor
August 16, 2026
0

...

Côte d’Ivoire Ambassador Highlights Growing Ties With Türkiye at Independence Day Celebration

by Felix Tih
August 11, 2026
0

...

Somalia Maritime Summit Adopts Ambitious Roadmap for Security, Governance and Blue Economy

Somalia Maritime Summit Adopts Ambitious Roadmap for Security, Governance and Blue Economy

by Felix Tih
August 6, 2026
0

...

Kenya President Announces Plan for Free Higher Education Starting in Sept. 2026

Kenya President Announces Plan for Free Higher Education Starting in Sept. 2026

by Waceke Nganga
August 3, 2026
0

...

Luanda Declaration Pushes African Leaders to Turn Blue Economy Plans into Action

Luanda Declaration Pushes African Leaders to Turn Blue Economy Plans into Action

by Felix Tih
July 26, 2026
0

...

West Africa Bloc Reiterates Commitment to Launch Single Currency in 2027

West Africa Bloc Reiterates Commitment to Launch Single Currency in 2027

by Felix Tih
July 23, 2026
0

...

Kenya Approves First Locally Domiciled Exchange Traded Fund
Business, Trade & Economy

Kenya Approves First Locally Domiciled Exchange Traded Fund

by Waceke Nganga
Reading Time: 2 mins read
August 25, 2026
0

Capital Markets Authority clears WSA Banking Index fund, expected to list in the fourth quarter of 2026, giving investors broad...

Read moreDetails
Kagame Urges African Countries to Take Active Role in Shaping AI Future

Kagame Urges African Countries to Take Active Role in Shaping AI Future

by Amani Mwakalebela
August 25, 2026
0

Rwanda President Paul Kagame says Africa has the talent to help shape artificial intelligence and must not accept lagging behind...

Ghana’s Bad-Loan Problem is Becoming a Financial-Stability Story

Ghana’s Bad-Loan Problem is Becoming a Financial-Stability Story

by Felix Tih
August 24, 2026
0

Banks are repairing their balance sheets as the economy recovers, but an 18% nonperforming-loan ratio remains a threat to credit...

Entrepreneurs Battle for Top 10 Spots in Africa’s Business Heroes

Entrepreneurs Battle for Top 10 Spots in Africa’s Business Heroes

by Waceke Nganga
August 24, 2026
0

20 entrepreneurs from 12 African countries pitched their businesses in Nairobi, seeking Top 10 spots and a place in the...

Benin Turns the ‘Door of No Return’ Into a Door of Return for the African Diaspora

Benin Turns the ‘Door of No Return’ Into a Door of Return for the African Diaspora

by Felix Tih
August 24, 2026
0

Ouidah’s commemoration of the transatlantic slave trade is taking on new meaning as Benin combines remembrance with a pathway to...

Next Post
Republic of Congo Goes Visa-Free for All Africans Starting January 2027

Republic of Congo Goes Visa-Free for All Africans Starting January 2027

Ethiopia Demands Action-Oriented Shift in Global Climate Finance Ahead of COP32

Ethiopia Demands Action-Oriented Shift in Global Climate Finance Ahead of COP32

Ethiopia Clears Fourth Review as Economic Reforms Exceed Targets

All Eyes on Ethiopia as Seventh General Election Approaches

Morocco Overtakes South Africa as Africa’s Leading Industrial Economy

Morocco Overtakes South Africa as Africa's Leading Industrial Economy

Bantu Gazette is a pioneering news platform that champions Africa's development, culture, and heritage. We spotlight the continent's successes, address its challenges, and provide insightful coverage of events that shape its future.

Bantu Gazette is a pioneering news platform that champions Africa's development, culture, and heritage. We spotlight the continent's successes, address its challenges, and provide insightful coverage of events that shape its future.

Our Platforms

  • Bantu Magazine
  • Bantu Brief
  • Black Frame Studio

Our Services

  • Bantu Agency
  • Advertise
  • Partnerships

Our Services

  • Editorial Director
  • Opportunities
  • Contact

Bantu Gazette is a pioneering news platform that champions Africa's development, culture, and heritage. We spotlight the continent's successes, address its challenges, and provide insightful coverage of events that shape its future.

Our Platforms

  • Bantu Magazine
  • Bantu Brief
  • Black Frame Studio

Our Services

  • Bantu Agency
  • Advertise
  • Partnerships

Our Services

  • Editorial Director
  • Opportunities
  • Contact
Bantu Gazette
  • Energy & Trade
  • Finance
  • Health
  • Politics & Economy
  • Technology
  • Environment
  • Feature
  • Opinion
  • Changemakers
  • Tourism & Culture
  • Magazine