Search

Senegal’s Mining Windfall Lifts Budget Revenues, EITI Data Shows

Allen dreyfus Logo
© Allen Dreyfus
  • Mining contributed 79% of total revenue, led by gold production and exports
  • Hydrocarbon income jumps ahead of first oil exports from Sangomar in 2025

Dakar, Senegal – Senegal’s extractive industries generated 236.6 billion CFA francs ($410 million) in the first half of 2024, according to a new report from the country’s Extractive Industries Transparency Initiative (EITI) committee. Of this, 225.5 billion CFA francs ($391 million) was transferred directly to the national budget.

Recent Business

Fish market in Cairo, Egypt. Photo by Mohamed Abdel Latif @ Pixabay
Egypt remittances hit record $41.5bn in 2025 as FX reforms pay off
Read More »
Gridlock in Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
Nigeria cuts benchmark rate to 26.5% as inflation eases
Read More »
Plums. Photo by Anthony Camp @ Unsplash
South Africa ships first plums to China under tariff-free deal
Read More »

Recent Politics

A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »

Latest Posts

Latest news insights