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Invest in Senegal A competitive investment destination in

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Invest in Senegal

A competitive investment

destination in West Africa

March 2017

Proposal title goes here | Section title goes here 03 stable political environment , a favourable geographic position and strong institutions with growing opportunities for foreign investment. “

Invest in Senegal | Table of contents

Executive summary

2

Country overview 4

Senegal's economy 5

Business environment 12

Investment opportunities 18

Challenges and risks

22

References 23

Contacts 24

Table of contents

2Invest in Senegal | Executive summary

position and strong institutions with growing opportunities for foreign investment. The Government of Senegal welcomes foreign investment and has climate in what is one of Africa's fastest- growing economies.

With a GDP growth rate of 6.6% in 2016,

Côte d'Ivoire and Tanzania. With a low

2004, its regional currency, the CFA franc,

franc per euro. According to International

Monetary Fund (IMF) estimations, a

rate is anticipated up until 2021, estimated as well as foreign and local investments.

Senegal has also put in place a series of

economic reforms as part of the Emerging

Senegal Plan (ESP) adopted in 2014 to

infrastructure; and envisages structural reforms to attract foreign direct investment key sectors to unlock inclusive growth, including energy, agriculture and land, ICT and transport.

The government is focusing on

transaction costs, setting up the country logistics, services and industry. According to the 2016 World Bank Doing

Business report, the country is one of

improvers for two consecutive years.

Senegal is also actively involved in

several international investment-related

African Intellectual Property Organization

(OAPI), the International Centre for the

Settlement of Investment Disputes (ICSID)

and the Multilateral Investment Guarantee

Agency (MIGA). In addition, Senegal

Denmark, Finland, France, Italy, Japan,

the Netherlands, Romania, South Korea,

Spain, Switzerland and the US. Senegal has

also concluded tax treaties with France,

Mali and the French-speaking African

states of the ‘Organisation Commune

Africaine et Malgache' (Joint Afro-Malagasy

Organization).

As part of Senegal's regulatory framework,

an investment incentive regime is in environment and gives support to private guarantees that the code assures is the and foreign entities with access to raw materials, customs and tax incentives.

Tax incentives include a three-year

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