Country Overview
Senegal is a stable democracy in West Africa with a growing economy, driven by services, agriculture, and recent oil and gas discoveries. It's known for its vibrant culture and strategic port city of Dakar.
The 'Plan Sénégal Émergent' (PSE) guides its development strategy, focusing on structural transformation, human capital, and governance. Opportunities exist in infrastructure, energy, tourism, and ICT.
Key Facts
Capital City
Dakar
Population
18 Million (2023 est.)
Currency
West African CFA franc (XOF)
Official Language
French
Location & Geography
Senegal is strategically located, offering unique geographical advantages.
- Westernmost country in mainland Africa
- Atlantic coastline
- Member of WAEMU and ECOWAS
Economic Indicators
GDP (2023 est.)
$31B
GDP Per Capita (2023 est.)
$1,722
FDI Inflow (2023)
$2.6B
Inflation Rate (2023 avg)
9.7%
Sector Analysis
Oil and Gas
Significant recent offshore oil and gas discoveries.
Key Investment Areas:
- Exploration and production
- Local content development
- Gas-to-power projects
Agriculture & Agro-processing
Key for employment; groundnuts, cotton, fish.
Key Investment Areas:
- Agro-processing
- Aquaculture
- Irrigation
Tourism & Hospitality
Coastal resorts, cultural tourism, and business travel.
Key Investment Areas:
- Hotel development
- Eco-tourism
- MICE facilities
Sector Growth Comparison
Fastest Growing Sectors
Why Invest in Senegal?
Political stability and democratic tradition
Strategic location and port infrastructure
Access to WAEMU market
Government's pro-investment stance (PSE)
Featured Investment Projects in Senegal
EnergySangomar Oil Field Development
Development of Senegal's first offshore oil project.
Investment Required
$Multi-Billion
Expected ROI
N/A
ManufacturingDiamniadio Industrial Park
Integrated industrial zone with special economic zone status.
Investment Required
$Various phases
Expected ROI
N/A
Business Climate & Incentives
Investment Climate
Senegal offers an increasingly attractive investment climate, supported by APIX (Investment Promotion and Major Projects Agency) and a focus on improving business regulations.
APIX Support
Provides one-stop services for investors and facilitates project implementation.
Investment Incentives
Special Economic Zones
Incentives for companies operating in designated zones like Diamniadio.
Investment Process Timeline
APIX Registration
Register investment projects with APIX.
Timeframe: 3-4 weeks
Ready to Invest in Senegal?
Our team can provide you with detailed information, connect you with local partners, and guide you through the investment process.