Public Management

Senegal Launches Review of Strategic Contracts in Mining and Oil Sectors

Senegal Launches Review of Strategic Contracts in Mining and Oil Sectors
Monday, 26 August 2024 15:11

Agence Sénégalaise de Presse (APS) reported that several major multinational companies operating in various sectors in Senegal have signed agreements with the state, some of which date back several years.

Senegal is looking to re-examine its contracts with various partners in strategic sectors. To this end, Prime Minister Ousmane Sonko has established a commission to "defend the country's interests."

"The creation of this commission comes from the President of the Republic's commitment to honor the promise we made long ago as an opposition party. We have regretted and strongly criticized the way agreements and conventions have been signed, often at the expense of Senegal's strategic interests," Sonko said, as reported by the Senegalese Press Agency.

According to Sonko, the agreements under review mainly involve the mining, tax, and oil sectors. "The first task will be to review these agreements based on their legal foundation and ensure they comply with the relevant legal texts."

"Contrary to what some have said," he added, "our approach has never been to dismantle everything, overhaul everything, or nationalize everything. Our goal is to work scientifically, rigorously, and methodically on all aspects of these agreements, with the legal aspect being our first focus."

On the same topic
NSIA Banque CI securitized bonds begin trading on BRVM First multi-currency deal in UEMOA, fully subscribed Proceeds to boost SME lending,...
Ecobank Côte d’Ivoire reports revenue and profit growth in 2025 Deposits, loans rise; shareholders approve dividend payout Bank targets...
More than CFA1,000 billion received via mobile money in 2024 Total inflows rise 77% to CFA1,354 billion, led by Europe and North...
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
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.