Skip to content
Search

Latest Stories

What We're Watching

Sonko takes the reins in Senegal

​Senegalese opposition leader Ousmane Sonko listens to the presidential candidate he is backing in the March 24 election, Bassirou Diomaye Faye, as they hold a joint press conference a day after they were released from prison, in Dakar, Senegal March 15, 2024.

Senegalese opposition leader Ousmane Sonko listens to the presidential candidate he is backing in the March 24 election, Bassirou Diomaye Faye, as they hold a joint press conference a day after they were released from prison, in Dakar, Senegal March 15, 2024.

REUTERS/Zohra Bensemra

Newly inaugurated Senegalese President Bassirou Diomaye Faye, in his first act in office, appointed his mentor Ousmane Sonko as prime minister on Wednesday. The popular, reform-oriented Sonko will be the driving force behind big changes. Case in point: Faye's manifesto proposed an audit of the oil, gas, and mining sectors, which could bring more cash from natural resource extraction into Dakar’s coffers.

Sonko was banned from running for president in the most recent elections, but Faye subbed in, even using the slogan “Diomaye is Sonko.” Sonko is now calling the shots, says Eurasia Group analyst Tochi Eni-Kalu.


“Faye wasn't really a known political entity prior to his elevation to the PASTEF nomination,” he says, referring to Sonko’s political party. Faye could build a base of power, but Eni-Kalu says “he will likely stick to Sonko’s line, at least in the early stages of his presidency.”

Indeed, Sonko said he would provide a list of ministers for Faye — essentially appointing them himself. And when Senegal holds parliamentary elections, which could happen as soon as later this year, Sonko will be the figurehead voters rally toward.

Once they have a legislative majority, it’s a trickier balancing act to please both voters and investors. Some of Sonko and Faye’s promises raise eyebrows among overseas interests, like the oil and gas audit, but voters are expecting money to flow more widely across society.

“People want change, and Sonko and Faye intend to deliver change,” says Eni-Kalu. “But they’re going to sand down some of their more radical policies to pacify investors.”

More For You

​The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026.

The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026.

ROYAL THAI NAVY/Handout via REUTERS
US and allies desperately try to cool frightened oil marketsIran has been upping its threats against the world’s oil supply, striking at least one cargo ship yesterday and reportedly laying mines in the Strait of Hormuz, the waterway near Iran through which 20% of global oil supply passes. Its military command even suggested that the world should [...]
Sanae Takaichi announces running for presidential election of the LDP

Sanae Takaichi announces running for presidential election of the LDP

Aflo via Reuters
Japan strikes rare earths deal with largest non-Chinese producerAustralian mining giant Lynas will sell rare earths to Japan for 12 years in a major pact meant to chip away at China’s dominance of the global market. The highlight of the deal is that it sets a minimum price of $110 per kilogram of the minerals. That is the same “price floor” that [...]
Pirhossein Kolivand, head of the Iranian Red Crescent Society, stands in front of the Shahran oil depot, which was targeted by US-Israeli strikes, in western Tehran, Iran, on March 8, 2026.

Pirhossein Kolivand, head of the Iranian Red Crescent Society, stands in front of the Shahran oil depot, which was targeted by US-Israeli strikes, on the eighth day of the war in western Tehran, Iran, on March 8, 2026.

Sobhan Farajvan/Pacific Press/Sipa USA
Depot bombing, Strait of Hormuz constraints send oil prices surgingOil prices skyrocketed above $100 per barrel on Monday – nearly hitting $120 at one point – after Israel bombed fuel depots outside Iran’s capital of Tehran and data showed oil production along the Persian Gulf tanking due to the near-closure of the Strait of Hormuz. US President [...]
Cargo ships are unloading newly arrived chemical fertilizers at the port terminal in Lianyungang, East China's Jiangsu province, on February 27, 2024. ​

Cargo ships are unloading newly arrived chemical fertilizers at the port terminal in Lianyungang, East China's Jiangsu province, on February 27, 2024.

(Photo by Costfoto/NurPhoto)
Iran conflict could trigger a food crisisDisruptions to a key Gulf waterway in the Iran conflict aren't just threatening the world’s oil and gas supplies; they could also cause a food security crisis. Roughly a quarter to a third of global raw materials used in fertilizer pass through the Strait of Hormuz. With tanker traffic in the strait largely [...]