WHY SENEGAL?

A legal and institutional framework adapted to PPP

Senegal, already had a suitable legal framework for PPPs (Law No. 2004-13 of 1 March 2004 on CET contracts) decided to adopt a new law . This is Law No. 2014-09 of 20 February 2014 on partnership agreements that extends the reach and scope of PPP to include new sectors such as agriculture, education and health and thus promotes incentives to make the environment more conducive to private investment. The new law also provides a secure regulatory framework adapted to unsolicited offers ( Unsolicited Proposals ) .

Senegal, second largest economy in the WAEMU zone

With its unique geo-strategic position, Senegal is, in terms of GDP, the second largest economy in the WAEMU zone (8 countries sharing the CFA currency) and also has a harmonized legal environment (OHADA) with an annual inflation 1.1%. With 700 km of coastline , a temperature between 20 ° C – 30 ° C and 300 days of sunshine per year. Senegal, whose capital Dakar is a regional hub for West Africa, as well as being part of UEMOA and ECOWAS common markets, totalling more than 320 million people. In 2018, Senegal expects a growth rate of 7%.

Democratic governance characterized by strong institutions and a low level of risk

Politically , Senegal is often cited as an example of political stability with strong institutions, democratic changes of power ( 2000 and 2012) and a low level of risk , ranking the first position in West Africa, Standard & Poor’s B + / B .

Country of Teranga (hospitality in Wolof language), Senegal has a favourable business environment that will be further supported through a strong business climate and an improvement program initiated by H. E. President of the Republic Macky Sall . The effectiveness of the management and monitoring of the reforms implemented have contributed to the transformation of the Senegalese government that initiated an ambitious program of digitization procedures.

Senegal is listed among the countries in the world that has best improved its business climate over the last 10 years. It is the 10th most competitive country in Africa (Global Competitive Report, Davos 2013) and is in the Top 10 African countries for good governance and democracy (Mo Ibrahim Index).

In the latest Doing Business (2015 edition), Senegal gained 10 places from its ranking in 2014 and joined the Top 5 of the best global reformers.

Modern infrastructures

Senegal has a modern and efficient network of roads and highways with toll roads, the latest generation of bridges and interchanges, much of which was conducted by Public Private Partnerships.

In the port area, it has undertaken an ambitious program to modernize the Dakar Port Authority, which operates continuously and allows for significant time gains in transactions with paperless customs procedures and reporting as well as the establishment of terminals to brand new containers.

Integrated Special Economic Zone (ZESI) provided near the site of the new Blaise Diagne International Airport will have the capacity to provide infrastructure and integrated business services The new international airport (AIBD ), with an annual capacity of 3 million passengers , is currently in final stages of construction . Daily flights will link Dakar to world capitals.

Senegal is positioned as a regional hub. Multimodal transport with good integration of road, rail and maritime transport presents a great opportunity to improve the competitiveness of enterprises, particularly in the reduction of handling and storage of goods for import and export.

The country has telecommunications infrastructure covering the whole of its territory, a network of 6,000 km of optical fiber with 12.4 GB of Internet bandwidth. 3G is already present on the entire territory while 4G is in the testing phase. The ACE cable of 17,000 km has a landing point in Dakar.

In Senegal, investment opportunities are in the major growth sectors such as agriculture, fishing, tourism, mining, energy, education, health and housing. The country has in addition, professionally trained human resources, a skilled workforce and a predominantly young population.