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.

This article is free to read.

Sign up for free or sign in to continue reading.

Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.

Create your free account or sign in


Recent Business

Africa on the globe. Photo @ Unsplash
Can Africa stake claim in global energy transition at G20 Summit?
Read More »
Power line or electricity line grids Photo by Fré Sonneveld @ Unsplash
World Bank backs Tunisia with $430mn to modernise power sector
Read More »
Dr Cassiel Ato Forson, Ghana's Finance Minister. Photo @ Parliament of Ghana/Facebook
Ghana targets investor confidence with bold tax cuts and tighter deficit
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
Read More »
Tanzania President Samia Suluhu Hassan at her investiture. Photo @ Samia Hassan/Facebook
Tanzania’s post-election crackdown on foreigners threatens rift with Kenya
Read More »

Latest Posts

Latest news insights