Senegal’s First Oil Exports Push Economic Growth to Record High

Senegal is seeing a record jump in economic growth after its first oil project and oil exports were launched in the middle of 2024. Senegal’s gross domestic product surged by 8.9% in the third quarter compared to the second quarter and soared by 11.5% compared to the same quarter of 2023, data from the National Agency of Statistics and Demography, ANSD, showed on Monday. Non-oil GDP rose by 2.1% in Q3 compared to the second quarter, according to the official data. Senegal’s record-high growth rates follow the start-up of the Sangomar…