MARKETS
Senegal telecom growth masks mobile money agent network fragility
Senegal's telecom market expansion, driven by 4G+ coverage and smartphone uptake, conceals underlying fragility in mobile money agent networks and float management. The upcoming regulatory review will pressure operator margins, potentially exposing dormant account liabilities and interoperability costs that threaten payment system sustainability. Investors should scrutinize agent network economics and transaction failure rates over headline subscriber growth.
