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

Delegates at the G20 Summit in South Africa. Photo @ G20 South Africa Flickr
G20 in a changing world: is it still useful?
Read More »
South Africa President Cyril Ramaphosa hosts the G20 Summit. Photo: G20 Summit Flickr
Africa’s new mineral deal: will G20 South Africa rewrite the rules?
Read More »
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
South Africa cuts interest rates as inflation eases and rand strengthens
Read More »

Recent Politics

Delegates at the G20 Summit in South Africa. Photo @ G20 South Africa Flickr
G20 in a changing world: is it still useful?
Read More »
South Africa President Cyril Ramaphosa. Photo: G20 Summit Flickr
“We’ll not be bullied” - Ramaphosa defies US boycott at G20 Summit
Read More »
Nnamdi Kanu (in trademark white turtle neck shirt) in court | File photo @ The Cable
Nigeria jails separatist leader Nnamdi Kanu for life, deepening tensions
Read More »

Latest Posts

Latest news insights