Senegal fve systems

Does Senegal offer investment incentives?

Senegal’s Investment Code provides for investment incentives, including temporary exemption from customs duties and income taxes, for investment projects. Eligibility for investment incentives depends upon a firm’s size and the type of activity, amount of the potential investment, and location of the project.

Does France invest in Senegal?

France is historically Senegal’s largest source of foreign direct investment, but the government wants more diversity in its sources of investment. U.S. investment in Senegal has expanded since 2014, including investments in power generation, industry, and the offshore oil and gas sector.

How much FDI is in Senegal?

Although the IMF reports (see table below) U.S. FDI stock in Senegal was approximately $91 million in 2018 (up from $25 million reported in 2017), anecdotal information suggests the amount is significantly more. China has also become a significant foreign investment partner.

Where can I get a copy of Senegal's investment code?

Investors may consult the website of Senegal’s investment promotion agency (APIX) at for information on opportunities, incentives and procedures for foreign investment, including a copy of Senegal’s investment code. The 2020 COVID-19 epidemic heavily impacted Senegal’s economy.

How does Senegal treat foreign investors?

Senegal’s Investment Code includes guarantees for equal treatment of foreign investors including the right to acquire and dispose of property. The Government of Senegal does some screening of proposed investments, primarily to verify compatibility with the country’s overall development goals and compliance with environmental regulations.

Does Senegal adhere to the regional fiscal framework?

As a member of the West African Economic and Monetary Union (WAEMU), Senegal adheres to the regional fiscal framework (Box 3.1), which highlights the imperative of sustaining macro-financial stability. Box 3.1. The WAEMu regional fiscal framework