Latest news with #Dakar
Reuters
9 hours ago
- Business
- Reuters
Senegal aims to raise tax collection to cut reliance on external funding
DAKAR, June 3 (Reuters) - Senegal plans to boost tax compliance to increase revenue and reduce reliance on financing from external sources like the International Monetary Fund, its Prime Minister Ousmane Sonko has said. The West African nation is engaging with the IMF to craft a resolution following a case of misreporting of debt and deficit levels, which led to the suspension of its $1.8 billion financing programme with the Fund. "Good tax reform... can help us withstand the 250 billion CFA francs ($437.64 million) that the IMF gives us every year," Sonko was quoted as telling Senegalese nationals living in Guinea by Le Soleil newspaper on Tuesday. Sonko's office did not respond immediately to a request for comment. Senegal has not received any disbursements from the IMF for a year, the paper quoted the prime minister as saying. "Senegal is still standing... a country does not develop by being held by the hand, but by building on its own strengths, its own resources, and its own budgetary discipline," he said. The government will make all Senegalese pay their fair share of taxes, the paper reported the prime minister as saying, to avoid raising taxes. The revelations of Senegal's understated debt have pummelled its assets. Senegal's dollar bonds have made losses of 7.3% for investors this year so far, according to a JPMorgan bond index, compared with the average gains of 3% for its Africa peers in the same time. The losses are also double the second worst performing African sovereign, Angola, whose bonds have handed investors losses of 1.5% since the start of this year. Senegal has resorted to increased debt issuance at the regional debt market, including a 405 billion CFA francs ($708.97 million) bond issued in April, attracting criticism from the opposition, which is demanding more debt transparency from the government. ($1 = 571.2500 CFA francs)
Zawya
12 hours ago
- Business
- Zawya
United expands Africa network with Dakar-Washington route
United Airlines has officially launched a nonstop, year-round service between Dakar, Senegal, and Washington DC, marking the airline's first direct route connecting Senegal and the United States. The service operates three times a week, making United the sole carrier offering direct flights between these two capitals. The addition of this route expands United's African network to six destinations, which also include Accra, Lagos, Cape Town, Johannesburg, and Marrakesh. "We are excited to launch United's first-ever service from Senegal, further expanding our route network from Africa to the US," says Patrick Quayle, senior vice president of global network planning and alliances at United Airlines. "Travellers from Senegal will benefit from a direct service to the U.S. capital, as well as the possibility to connect seamlessly via our Washington Dulles hub to 65 destinations across the Americas." Boost for travel and trade links Askin Demir, general director of LAS, comments: 'By welcoming United Airlines to Blaise Diagne Airport, we are opening a new route for connections to America. "The arrival of United Airlines, one of the largest airlines in the United States, will offer travellers from AIBD more connections to the United States and beyond, while also reinforcing our network in West Africa and Europe.' US Ambassador to Senegal Michael Raynor adds: "United Airlines is launching not simply a new air route, but new ways to bring our two nations closer together. "United's entry into Francophone West Africa, with Senegal as its first destination, speaks volumes about the boundless potential that the United States private sector and government see in this region, and in Senegal in particular as a dynamic and democratic hub with a fast-growing economy and a talented workforce." The route is operated with a Boeing 767-300 aircraft, featuring 30 United Polaris business suites with direct aisle access, 24 United Premium Plus seats, and 149 economy seats, including 32 United Economy Plus seats. Flight schedule (local times): Dakar (DSS) to Washington DC (IAD): UA460 departs at 9.05am, arriving at 2.05pm on Mondays, Wednesdays, and Saturdays. Washington DC (IAD) to Dakar (DSS): UA461 departs at 6.30pm, arriving at 7am the next day on Tuesdays, Fridays, and Sundays. This service forms part of United's largest international expansion, adding new destinations and routes across the Atlantic for travellers this season. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Korea Herald
16 hours ago
- Automotive
- Korea Herald
CCTV+: 2025 Taklimakan Rally Concludes After thrilling 13-Day Desert Challenge
BEIJING, June 3, 2025 /PRNewswire/ -- The X Power 2025 Taklimakan Rally wrapped up with roaring success on June 1 in northwest China's Xinjiang. Kicking off on May 20, the grueling 13-day event spanned Aksu, Hetian, and Kashi prefectures. This year's course covered a total of 5,183 kilometers, including 2,200 kilometers of timed special stages across deserts, Gobi plains, and river crossings. A total of 23 motorcycles and 105 vehicles participated, with 233 racers from 12 countries battling extreme heat and complex terrain. Czech rider Martin Michek and China's Liu Yangui claimed overall victories in the motorcycle and car categories, respectively. Michek clinched the motorcycle title with a total time of 28 hours, 31 minutes, and 4 seconds, leading a commanding performance by his team. "This race was extremely tough, but I really enjoyed competing in China," said Michek, who participated in the rally for the first time. Liu secured the car division crown with a time of 27 hours, 8 minutes, and 15 seconds. "Winning the overall title was our only goal, and it's the greatest recognition we could receive," Liu said, expressing gratitude to his team and all support staff. Known as "China's Dakar," the Taklimakan Rally is widely regarded as the country's most challenging cross-country rally. Since its inception in 2005, the event has continued to evolve. This year marked the debut of a New Energy Vehicle (NEV) category, with ten vehicles entering the T2.E class. In this inaugural NEV category, Yao Weiqiang of the Great Wall Tank Hi4 Team took the title, finishing in 37 hours, 30 minutes, and 42 seconds. The closing ceremony featured a spectacular drone performance and fireworks show, bringing celebration and relief after 13 intense days. Racers, mechanics, and support crews finally had a moment to breathe, reflect, and enjoy the joy of victory and achievement.
Malaysian Reserve
19 hours ago
- Automotive
- Malaysian Reserve
CCTV+: 2025 Taklimakan Rally Concludes After thrilling 13-Day Desert Challenge
BEIJING, June 2, 2025 /PRNewswire/ — The X Power 2025 Taklimakan Rally wrapped up with roaring success on June 1 in northwest China's Xinjiang. Kicking off on May 20, the grueling 13-day event spanned Aksu, Hetian, and Kashi prefectures. This year's course covered a total of 5,183 kilometers, including 2,200 kilometers of timed special stages across deserts, Gobi plains, and river crossings. A total of 23 motorcycles and 105 vehicles participated, with 233 racers from 12 countries battling extreme heat and complex terrain. Czech rider Martin Michek and China's Liu Yangui claimed overall victories in the motorcycle and car categories, respectively. Michek clinched the motorcycle title with a total time of 28 hours, 31 minutes, and 4 seconds, leading a commanding performance by his team. 'This race was extremely tough, but I really enjoyed competing in China,' said Michek, who participated in the rally for the first time. Liu secured the car division crown with a time of 27 hours, 8 minutes, and 15 seconds. 'Winning the overall title was our only goal, and it's the greatest recognition we could receive,' Liu said, expressing gratitude to his team and all support staff. Known as 'China's Dakar,' the Taklimakan Rally is widely regarded as the country's most challenging cross-country rally. Since its inception in 2005, the event has continued to evolve. This year marked the debut of a New Energy Vehicle (NEV) category, with ten vehicles entering the T2.E class. In this inaugural NEV category, Yao Weiqiang of the Great Wall Tank Hi4 Team took the title, finishing in 37 hours, 30 minutes, and 42 seconds. The closing ceremony featured a spectacular drone performance and fireworks show, bringing celebration and relief after 13 intense days. Racers, mechanics, and support crews finally had a moment to breathe, reflect, and enjoy the joy of victory and achievement.
Yahoo
20 hours ago
- General
- Yahoo
CCTV+: 2025 Taklimakan Rally Concludes After thrilling 13-Day Desert Challenge
BEIJING, June 2, 2025 /PRNewswire/ -- The X Power 2025 Taklimakan Rally wrapped up with roaring success on June 1 in northwest China's Xinjiang. Kicking off on May 20, the grueling 13-day event spanned Aksu, Hetian, and Kashi prefectures. This year's course covered a total of 5,183 kilometers, including 2,200 kilometers of timed special stages across deserts, Gobi plains, and river crossings. A total of 23 motorcycles and 105 vehicles participated, with 233 racers from 12 countries battling extreme heat and complex terrain. Czech rider Martin Michek and China's Liu Yangui claimed overall victories in the motorcycle and car categories, respectively. Michek clinched the motorcycle title with a total time of 28 hours, 31 minutes, and 4 seconds, leading a commanding performance by his team. "This race was extremely tough, but I really enjoyed competing in China," said Michek, who participated in the rally for the first time. Liu secured the car division crown with a time of 27 hours, 8 minutes, and 15 seconds. "Winning the overall title was our only goal, and it's the greatest recognition we could receive," Liu said, expressing gratitude to his team and all support staff. Known as "China's Dakar," the Taklimakan Rally is widely regarded as the country's most challenging cross-country rally. Since its inception in 2005, the event has continued to evolve. This year marked the debut of a New Energy Vehicle (NEV) category, with ten vehicles entering the T2.E class. In this inaugural NEV category, Yao Weiqiang of the Great Wall Tank Hi4 Team took the title, finishing in 37 hours, 30 minutes, and 42 seconds. The closing ceremony featured a spectacular drone performance and fireworks show, bringing celebration and relief after 13 intense days. Racers, mechanics, and support crews finally had a moment to breathe, reflect, and enjoy the joy of victory and achievement. View original content to download multimedia: SOURCE CCTV+
