Located on the west coast of Africa, between 12 ° 88 and 16 ° 41 N latitudeSe and 11 ° 21 and 17 ° 32 W longitude, the situation of Senegal at the western end of the African continent in its most advanced in the Atlantic Ocean,
gives it a hub position linking Africa to the rest of the world.
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Praised as the simplest and fastest way to West Africa, it opens access to a common market of 300 million consumers.
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Senegal
also serves as an important gateway to major export markets in Europe, Asia and the Americas.
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Economic indicators have been constantly improving for several years.
Area: 196 722 km2
Capital: Dakar
Population: 15 million inhabitants
Unique
Democracy, multiparty politics, solidity of institutions, recognition of political and social rights, freedom of expression: Senegal is a model in West Africa •
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A stable country cited as an example all over the world and presenting a moderate level of risk according to Credit Risk International (CRI). The country has a long tradition of peace and democracy.
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This peaceful climate has helped to create a business environment conducive to investment and increased FDI flows.
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Crossroads of West Africa, Senegal
is a country with multiple influences reconciling modernity and respect for traditions.
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A trading place where any investor, regardless of origin, is free to settle, prosper and repatriate capital.
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Senegal is a country with a liberal economy where the private sector is unreservedly supported by the authorities.
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The vast privatization program, the free competition, the simplification of the regulatory and legal framework and the dynamism of the investment promotion mechanism favor a healthy business climate.
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As an influential player in Africa, Senegal is a signatory to international conventions on the protection of the environment, human rights, trade, copyright, labor law, etc. He stands out for his leadership in making major decisions in favor of Africa.
Senegal is the second largest economy of Francophone West Africa
GDP growth:> 7%
Senegal is a political exception in Africa.
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A safe bet confirmed by a number of international organizations, and multinationals who have made Dakar, the capital, the basis of their regional operations.
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The exemplarity at all levels of the state has been erected into dogma and the promotion of good governance is a major axis of state policy.
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As the first country in West Africa to have been rated “B + / B” by Standard & Poors, Senegal confirms its international recognition with the stable outlook rating of Moody’s Ba3, due to its macroeconomic stability, unlimited access to foreign exchange, a rising but moderate debt, support from the international financial community.
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Monetary policy is governed by the Central Bank of West African States
(BCEAO)
headquartered in Dakar.
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The fixed exchange rate between the euro and the CFA franc (€ 1 = 655 CFA) guarantees a stable exchange rate in commercial relations with the European Union partners.
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Senegal shares a common currency with 8 countries of the West African Economic and Monetary Union (UEMOA).
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Voluntary
Looking to the future, the government has implemented an accelerated growth strategy to boost investment and fight poverty over the long term.
This formal commitment is reflected in a proactive and innovative policy of investment promotion and the introduction of incentives.
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transparent
Macroeconomic objectives and strategic choices are clearly defined and disseminated, in advance, to the private sector.
The conditions laid down and the advantages granted are known and identical for all, national and foreign. Thanks to its good governance practices,
Senegal
enjoys the confidence of international financial institutions.
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powerful
Senegal
is the first West African country to receive the “B + / stable / B” rating for three consecutive years (Standards & Poor’s).
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Inflation is under control, financial receipts are up,
and the country is in the top 5 of the fastest growing countries in Africa in 2018.
