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

A young African tech enthusiast at work. Photo by Naboth Otieno @Pexels.
Senegal’s $1.7bn digital gamble: can Faye turn a youthful nation into Africa’s next tech powerhouse?
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Can Ivory Coast’s $23mn sovereign fund turn an extractive boom into lasting wealth?
Read More »
Aerial view of a mine. Photo by Volker Braun @ Pexels
How Botswana’s diamond slump is fuelling energy crisis fears
Read More »

Recent Politics

Benin Finance Minister Romuald Wadagni. Photo @Romuald Wadagni/Facebook
Benin election 2026: From fiscal discipline to political delivery - Wadagni’s real test begins
Read More »
Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »

Latest Posts

Latest news insights