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

Detailed view of fiber optic cables connected to a patch panel in a data center. Photo by Brett Sayles @Pexels
Can Namibia position itself as Africa’s next data centre powerhouse?
Read More »
Street of Cameroon
Cameroon’s moderate borrowing masks rising financial distress risks
Read More »
Ethio Telecom CEO Frehiwot Tamru meets with Solomon Quaynor and senior AfDB officials. Photo: Ethio telecom/Facebook
Ethiopia’s Telecom empire redraws Africa’s digital sovereignty battle
Read More »

Recent Politics

A protester holding the Kenyan flag during a demonstration in Nairobi's streets. Photo: @Pexels
How Ruto’s fuel policies triggered public outrage in Kenya
Read More »
French President Emmanuel Macron and Kenyan leader William Ruto at the Africa Forward Summit. Photo @William Ruto/Facebook
Can France win Anglophone Africa after Sahel influence collapse?
Read More »
French President Emmanuel Macron in Africa recently. Photo @Emmanuel Macron/Facebook
Will France’s €23bn Africa pledge finally deliver beyond summit diplomacy?
Read More »

Latest Posts

Latest news insights