Public Management

Senegal: Government adopts $1B plan to develop the Kedougou gold mining region

Senegal: Government adopts $1B plan to develop the Kedougou gold mining region
Friday, 24 November 2023 19:19

In Senegal, the Kedougou region, located 700 km from Dakar, contributes significantly to the country’s economic development. The paradox, however, is that this region is one of the nation’s poorest. A situation that poses a security risk for Senegal, according to the Institute for Security Studies (ISS).

The Senegalese government has adopted a $1 billion (CFA600 billion) investment plan for the Kédougou region. According to the minutes of the Council of Ministers meeting of November 22, the program spans the period 2024-2026 and will optimize the region's mining potential for sustainable development and youth employment.

At the moment, details regarding the project’s implementation are unknown. The government only stated that the program is "in coherence with PAP 3 [priority action plan, Editor's note] of the Plan Sénégal Emergent."

Gold is one of Senegal’s main exports, and Kédougou, a region located 700 km from Dakar, the capital, houses most of the country’s industrial and artisanal gold mines. Despite its contribution to Senegal's economic development, the region is one of the country's poorest. According to a report by the Institute for Security Studies (ISS) published in February 2022, this "gap between economic potential and poverty levels [...] fuels the population's frustration and sense of exclusion, making them vulnerable to recruitment by extremist groups."

In the report, the authors called on the authorities to adopt a multi-faceted preventive approach. This includes accelerating the formalization of artisanal and small-scale mining to reduce illegal exploitation and strengthen control over the gold marketing chain. State intervention must nevertheless be designed and implemented on a consultative basis to reduce tensions among the population and artisanal miners, the document states.

Emiliano Tossou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2025, according to BCEAO data. Outstanding...
Amethis closed its third pan-African fund at €406 million ($472 million), meeting its original target. The fund plans to invest in about 10...
Amethis enters active deployment of its €406m Africa fund, applying strict deal screening to balance financial returns with measurable...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring Ladder Microfinance Bank licence Move expands...
Most Read
01

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
02

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
03

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
04

Ivory Coast expects a new government after the prime minister and cabinet resigned following Decem...

Ivory Coast Awaits New Cabinet After Post-Election Resignations
05

African startups raised about $3.1 billion in 2025, up from $2.2 billion in 2024, accord...

Venture Capital: African Startups Raised $3.1 Billion in 2025, Launch Base Africa Says
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.