Search

Senegal’s Prime Minister Says Country Gets Just 13% of Oil Revenues, Sparking Backlash

Senegal's Sparking Backlash
© Unsplash
  • Ousmane Sonko calls current contracts “unacceptable” and seeks urgent review
  • Industry expert says Senegal earns up to 64% of profits and warns against risky renegotiation

Dakar, Senegal – Senegalese Prime Minister Ousmane Sonko has called for an immediate overhaul of the country’s oil, gas and mining contracts, claiming the state receives only 13% of revenues generated from its natural resources — a figure he described as “unacceptable.”

Recent Business

A Nigerian teenager with his phone. Photo by Muhammad-Taha Ibrahim @ Unsplash
Borrowing again: Why Africa’s Eurobond comeback could haunt 2026
Read More »
Payment system. Photo by Nathana Rebouças @ Unsplash
SADC cross-border payments hit record $15.7bn as regional trade flows accelerate
Read More »
Usakos, Namibia. Photo @ Unsplash
Namibia GDP growth slows to 1.9% in Q3 2025
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »

Latest Posts

Latest news insights