Senegal to take back assets of phosphate giant ICS

Prime Minister Ousmane Sonko issued a statement saying there had been major irregularities at ICS (Industries Chimiques du Senegal). In September 2024, recently elected President Bassirou Diomaye Faye, a Sonko ally, announced a sweeping review of contracts and agreements signed with foreign partners. This was an election promise made by PASTEF, the party to which Faye and Sonko belong, designed to bring more benefit to the country's 18 million people. Senegal faces substantial debt, with the government...