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

North west Namibia. Photo by Vicky Sim @ Unsplash
Namibia confronts reality as 58% rely on informal work
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Senegal’s hidden-debt crisis and Côte d’Ivoire’s $844mn IMF windfall: reform or risk?
Read More »
Luanda, Angola. © Unsplash
Angola cuts benchmark rate to 18.5% as inflation falls
Read More »

Recent Politics

Fishing near the Indian Ocean. Photo by Egle Sidaraviciute @ Unsplash
Uganda’s Museveni sparks regional tensions with Indian Ocean claim
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »

Latest Posts

Latest news insights