Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Senegal’s Economy Surges 11.6% on Oil Production Boost

Breaking News
© Allen Dreyfus

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Fourth-quarter GDP rises sharply to $10.4 billion
  • Excluding oil impact, growth moderates to 3.3%

Dakar, Senegal – Senegal’s real gross domestic product (GDP) expanded by 11.6% year-on-year in the fourth quarter of 2024, reaching $10.4 billion, driven largely by oil extraction and robust growth in services, according to official figures released Thursday.

Stay ahead with Real time Updates

Recent Business

Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Namibia holds rates at 6.50% as inflation steadies but producer costs surge
05/12/2025
11 minutes ago
Justice Nwafor
Read More »
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Rwanda’s horticulture exports up 27% to give economy $54mn boost
05/12/2025
1 hour ago
Alex Ngarambe
Read More »
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
South Africa’s economy posts fragile 0.5% Q3 growth in 2025
05/12/2025
3 hours ago
Eric Kasongo
Read More »
Custom Research

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
02/12/2025
2 days ago
Wanderi Kamau
Read More »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
02/12/2025
3 days ago
Evans Effah
Read More »
Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
28/11/2025
1 week ago
Alhousseiny Djigo
Read More »

Latest Posts

Latest news insights

Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Read More »
Namibia holds rates at 6.50% as inflation steadies but producer costs surge
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Read More »
Rwanda’s horticulture exports up 27% to give economy $54mn boost
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
Read More »
South Africa’s economy posts fragile 0.5% Q3 growth in 2025
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Read More »
Senegal unveils over $490mn in budget savings for new fiscal year
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Read More »
Rwanda’s horticulture exports up 27% to give economy $54mn boost
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
Read More »
South Africa’s economy posts fragile 0.5% Q3 growth in 2025
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Read More »
Senegal unveils over $490mn in budget savings for new fiscal year
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Nigeria’s NGX launches commercial paper listings to deepen short-term debt market
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
Read More »
South Africa’s economy posts fragile 0.5% Q3 growth in 2025
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Read More »
Senegal unveils over $490mn in budget savings for new fiscal year
Busy street of Nigeria. Photo Muhammad Ibrahim @ Unsplash
Read More »
Nigeria’s NGX launches commercial paper listings to deepen short-term debt market
Portrait of a bavarian cow. Photo @ Unsplash
Read More »
Uganda to ship $1bn milk to Nigeria in major dairy export deal