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

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Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • 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.

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