• 1. Business Environment

Senegal, located at the western tip of Africa with an area of 76, 000 sq. miles and a population of 14 million, is an attractive business destination for several reasons:

• a stable & open country
• modern key infrastructures
• a healthy and competitive economy
• quality human resources
• privileged access to regional and international markets
• an exceptional quality of life.

Also, Senegal is a member of two (2) economic zones (WAEMU, ECOWAS), a market of 300 million consumers, and sharing a common business OHADA law with seventeen (17) countries.
Senegal has a good education level. In fact, an important part of the national budget is allocated to Education and Health, so a large number of prestigious public and private schools train lot of high skilled workers, managers and experts.

In addition, Senegal has enacted an investment code which offers an attractive incentive package to investors:

• no discrimination between nationals and foreigners
• no limitation in employing expatriates
• guarantees & Protection of property rights
• guarantee of the provision of foreign exchange
• guarantee of transfers of capital & earnings
• fiscal and non-fiscal benefits.

 

 

• SENEGAL INVESTMENT CODE SUMMARY

 

 

 

 

• FREE  EXPORT COMPANY STATUS

Garantees and Privileges	Admission Criteria	Benefits
		Entreprises	Goods
Free transfer to countries outside the franc area of the funds required for their investment as well as for the commercial and financial transactions Free transfer of salaries for foreign employees Free transfer of foreign shareholders dividends Free hiring of personnel Arbitration by the international Centre for the Settlement of Investment disputes	Status granted to companies exporting at least 80% of their production	Exemption from customs duties and stamps for production and transportation equipment, wages taxes, business license taxes, etc; Exemption from all forms of taxes based on salaries Securities income deducted from distributed dividends Corporate tax at 15% instead of  30% (ability to deduct 50% of the taxable income which reduce corporate tax to 15%   Concessionary companies are still subject to geological, mining or forest fees and charges	Duty free export and import of capital goods equipment, raw materials finished and semi-finished products Duty free on local purchases Goods may remain under a storage procedure for an unlimited period of time Possibility to sell part of the production on the local market (up to 20 % of the turnover) No restriction with  respect to flags flow by vessels transporting goods

 

A new Public-Private Partnership Law enacted to improve implementation procedures
New Law enacted on February 10th, 2014

•  New PPP council to ensure more transparency during the selection process as well as competency of partner
•  Possibility of directly selecting a partner based on an unsolicited bid if the project cost is > 500 million US $
•  Possibility of direct agreement subject to certain terms and conditions
•  Improvement of the tender process duration : 7 to 12 months vs 18 to 24 months (previous BOT Law)

Since 2013 Senegal has put in place a program in order to reform its business climate  and competitiveness. Thus, more than fifty measures have been identified; with 19 urgent implemented in 2013 and 37 more by the end of  2015.

All these measures aim at:

• Automation of administrative procedures:
• Improving the competitiveness of production factors:
• setting incentives and simplified tax scheme:
• Promotion of high-impact investment.
•  

At the end, the goal is to improve Senegal's performance in world rankings and also make our country one of the 10 most attractive investment destinations in Africa.

More details can be found in the web site of the Senegalese Investment Promotion body:   APIX
Contact: APIX S.A, 52-54, rue Mohamed V, Tel : + 221 33 849 05 55,  Fax: +221–33-823-9489,  Email : apix@apix.sn

Site web : www.investinsenegal.com

• Investment Opportunities

Senegal  is a land of many business opportunities:
AGROBUSINESS :   Our Assets

• 4 million ha of arable land equivalent to  385 ha per  1, 000 inhabitants (world average is 86 ha per 1, 000 inhabitants)
• 35 billion m3 of renewable fresh water resources with 4 billion m3 of underground fresh water resources
• 240, 000 ha of irrigable land available in the northern Delta valley
• Important hydrological potential (underused in some areas of the country)

TOURISM : Our Natural Assets

• 700 kms of waterfront
• Strategic geographical location
• Nice weather (3, 000 hours of sunshine/year)
• Warm temperature (25°C)
• 500 kms of sandy beaches
• UNESCO registered World Heritage sites
• Around 20 international airlines
• 5 hours from European capital cities
• 7 hours from USA

SOCIAL HOUSING

• Housing for each Senegalese family: aiming to enable civil servants and middle class Senegalese to own a house
• Construction of 5 000 housing units in 2014 and 10 000 units per year starting from 2015
• Primary servicing of the land : installation of water and electricity networks by the state (secondary and tertiary networks are the promoter’s responsibility)

ICT AND TELESERVICES

•  Senegal, at the crossroads of international high speed networks
•  A totally digitized high-speed network nationwide with a 6000 km loop of optic fiber offering a range of various services (ADSL, Frame Relay, RNIS, VSAT etc.)
•  International bandwidth : 12.4 Gbps (2012)
•  Quality and competitive labour          

• SOME PROJECTS

Port Infrastructure

• Dry/Cereal Port of Kaolack:  60 million US $
• Deepwater port of Kaolack (Saloum):  7.2 million US $
• Ore port Bargny: 514 million US $

Road Infrastructure

• Highway Diamniadio-AIBD  and  Thiés -Diourbel- Touba : 800 million US $
• Highway Mbour-Fatick-Kaolack:   760 million US $

 

Railway Infrastructure

• Dakar-Kédougou-Bamako railway line (rehabilitation): 2 billion US $
• Dakar’s Tramway project: 750 million US $ Dakar-AIBD Airport railway line : 200 million US $

Industries / Services & Social Housing / Living

• Integrated Special Economic Zone in Dakar (Diass - AIBD) 718 ha (50 ha priority phase): 90 million US $
• Social Housing program (Dakar, Louga, Thies, Kaolack, St. Louis, Ziguinchor, Kolda, Kédougou): 1.1 billion US $
• Business City " (Dakar Region): 540 million US $

Education & Health

• 2nd University of Dakar: 200 million US $
• Social infrastructure in public universities: - Campus (100,000 new beds by 2020) in Dakar, Saint-Louis, Ziguinchor and Diamniadio)

University restaurants, medical centers : 500 million US $

• Aristide Le Dantec Hospital (rehabilitation): 92 million US $
• Cancer Center: 31 million US $

 

Agriculture and Livestock

•  Clustering projects focused on horticulture: 178 million US $
•  Development of Agricultural Storehouses ( Grain Corridors): 620 million US $

Tourism

•  Touristic development of the Joal-Finio island called "the seashells island “800 m long”: 16 million US $
•  Touristic development of the Mbodiéne area:  406 million US $
•  Touristic development of Pointe Saréne:  282 million US $

 

DAKAR INTEGRATED SPECIAL ECONOMIC ZONE (DISEZ)
Project Description
Location : Rural Community of Diass, an area 45 km from Dakar and adjoining the new Diagne International Airport. Site n°1 (718 ha) is next to
the new airport AIBD and Site n° 2 (14,000 ha) is situated along the RN1 and extends to the shore.
Description: A site for economic activities providing quality services under specific administratition, with tax and customs benefits.
Components:
Construction:
· Warehouses covering an area of over 5 ha
· Office spaces and a logistics platform over an area of 5 ha
· 5 ha for a cargo Village next to the Blaise Diagne International Airport
· 40 ha of serviced land dedicated to businesses implementation
Cost: 90Million US $
Funding: Public-Private Partnership

 

Sate of Progress
· Feasibility studies completed;
· Comprehensive technical studies for the development of the priority phase under progress
· Implementation to realize

DAKAR TRAMWAY
Project Description
Components :
Construction of a 35 km system of Tramway in Dakar ;
Installation of equipment and rolling materials (railways , trains , electrical sub- stations) ;

• Construction of platforms, stations, signals and staff training ;
• Building and equipment of a maintenance center and also a command and supervision position

Cost : US $ 750 million
Funding : Public-Private -Partnership