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Senegal’s revenue surge signals rare fiscal strength amid oil, telecom boom

Dakar, Senegal © Unsplash
Dakar, Senegal © Unsplash
  • Senegal collects nearly 70% of annual revenue in nine months
  • Oil, telecoms and construction drive stronger-than-expected gains

 

DAKAR, SENEGALSenegal has collected almost 70% of its projected annual revenue in just nine months, a performance officials say reflects robust economic momentum and unusually strong tax mobilisation.

The finance ministry’s latest quarterly budget execution report shows the country reached 69.7% of its yearly target by the end of the third quarter, placing Dakar on track to meet – or even exceed – its 2024 goals.

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