AGP Executive Report
Last update: 6 hours agoHydrocarbons Budget Outlook: Senegal expects 703.2 billion CFA francs (~$1.2bn) in oil and gas revenue from 2027-2029, with projections of 397.8bn (2027), 168bn (2028) and 137.4bn (2029), as the government revises forecasts amid global market disruptions and plans to steer proceeds to priority sectors. Mining & Investment: Fortuna Mining says its Diamba Sud gold project in southeastern Senegal has a robust feasibility study, pointing to after-tax NPV of $1bn (5% discount) and 60% IRR, with one-year payback at $3,500/oz; updated economics at $4,000/oz lift NPV to $1.3bn and IRR to 72%. Public Procurement & Local Jobs: A senior EU lawmaker backs Senegal’s plan to use EU funds for Dakar bus and infrastructure, saying the key is qualified local labour and African added value, even if the tender is linked to a Chinese state-linked firm. Energy Finance Context: The IEA highlights Africa’s energy investment at $110bn in 2026, with interest shifting toward power, critical minerals and electrification as upstream spending declines. Transport Connectivity: Air Peace (Nigeria) takes delivery of its first Embraer E175, aiming to expand regional routes across West and Central Africa.
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