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

The Tazara Railway. Photo by Katsuma Tanaka @ Unsplash
Zambia inflation hits 15-month low on fuel and transport price drops
Read More »
Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
Read More »
The Cape Town Metropolitan Railway. Photo by Andrew Ross @ Unsplash
Transnet lands $348mn green loan as South Africa pushes rail revival
Read More »

Recent Politics

Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
Read More »
A public school in Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Nigeria shuts schools in northern region as mass kidnappings surge
Read More »
Yaoundé, Cameroon © Unsplash
Cameroon opposition leader Tchiroma flees to Gambia after disputed election
Read More »

Latest Posts

Latest news insights