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

Commercial transport waiting spot in Sierra Leone. Photo by Random Institute @ Unsplash
AfDB–OPEC Fund pact unlocks up to $2bn for Africa’s poorest economies
Read More »
Platinum Group Metal mines. Photo by Kurt Cotoaga @ Unsplash
Ivanhoe’s Platreef scale puts South Africa back at centre of global metals supply
Read More »
China trades with Africa . Photo by Wolfgang Weiser @ Unsplash
China–Nigeria trade surges past $22bn in 2025 as ties deepen
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights