Doing business senegal news

Here are some recent news articles and updates on doing business in Senegal:

Economic Updates

• Senegal's economy is expected to grow by 6.5% in 2023, driven by investments in infrastructure, agriculture, and services. (Source: African Development Bank)
• The country's GDP per capita is projected to reach $1,440 by 2025, up from $1,030 in 2020. (Source: International Monetary Fund)

Investment Opportunities

• Senegal is seeking to attract more foreign investment in its energy sector, with plans to increase its renewable energy capacity to 30% by 2030. (Source: African Energy Chamber)
• The country is also looking to develop its tourism industry, with a focus on eco-tourism and cultural heritage tourism. (Source: Senegal Tourism Board)

Business Environment

• Senegal has been ranked as one of the top 10 most attractive countries for foreign investment in Africa, according to the 2022 Africa Investment Index. (Source: Africa Investment Index)
• The country has also been recognized for its business-friendly environment, with a ranking of 34th out of 190 countries in the World Bank's Doing Business 2020 report. (Source: World Bank)

Sector-Specific Updates

• Senegal's agriculture sector is expected to benefit from a new partnership with the European Union, which aims to increase agricultural production and improve food security. (Source: European Union)
• The country's telecommunications sector is also expected to see growth, with the launch of new mobile networks and the expansion of existing services. (Source: Senegal Telecommunications Regulatory Agency)

Recent Business Deals

• A new partnership between Senegal and the United States has been announced, aimed at promoting trade and investment between the two countries. (Source: US Embassy in Senegal)
• A French company, TotalEnergies, has signed a deal to develop a new oil refinery in Senegal, with an investment of $1.5 billion. (Source: TotalEnergies)

Challenges and Opportunities

• Senegal is facing challenges related to corruption and bureaucracy, which can make it difficult for businesses to operate in the country. (Source: Transparency International)
• However, the country is also seen as an attractive destination for investors due to its stable political environment and growing economy. (Source: African Development Bank)

I hope this information is helpful!