Senegal’s extractive industry generated over 380 billion CFA francs in 2023, reflecting a significant 39% increase compared to 2022, according to the latest report from the Extractive Industries Transparency Initiative (EITI).
The report, released on Monday, highlights the growing contribution of natural resource extraction to Senegal’s economy, driven by increased activities in sectors like mining and hydrocarbons. This surge underscores the critical role of the extractive industry in national revenue generation and economic development.
As Senegal continues to tap into its resource potential, the EITI report emphasizes the need for transparency and sustainable management to ensure long-term benefits for its citizens.
