Senegal belongs to the West African Economic Area.
Senegalese Economy:
The Republic of Senegal (Africa) initiated in the last years a deep privatization programme of the public companies (telecommunications, energy, tourism, or transport)
Senegal has invested more than any other West African nation in the telecommunication's sector; Senegal is
positioned as the regional
leader
The economy of Senegal remains dominated by the tertiary sector (60%
of the Senegalese GDP)
The primary and secondary sector contributes 20% each to the Senegalese GDP
Senegal is the first nation to have been rated as B +/Stable/B in West Africa (Standard and Poor's)
The Central Bank of West African States is located in Dakar
Senegalese GDP growth: 4.8%
Inflation in Senegal: 1.3%
Business in Senegal:
APIX.
The Senegalese Agency for export
Promotion is an integrated platform of export services for companies and associations.
Companies:
SODEFITEX (Development Society of Textile fibers) was created March
15, 1974 as a public company. On November 13, 2003; it has been privatized, has augmented its capital from 750 million to 3 billion CFA francs, and became the SOCIETY and DEVELOPMENT OF TEXTILE fibers.
Sonatel Group provides an exhaustive telecommunication solutions in the fields of fixed, mobile, Internet, television and data services to individuals and companies. Leader in Senegal and Mali since 2002, Sonatel is a global and sub-regional reference. Within the West African Economic and Monetary Union, Sonatel has been a hub of Senegal (platform) subregional and a major player in the development of telecommunications in Africa and the world. Sonatel is a business structure for the Senegalese economic development.
Group
SUNEOR is the first food company in Senegal. The company's activities are based on two operating divisions:
1. The manufacturing and marketing of food products
2. Groundnut sector in Senegal.
SONACOS (Senegal) is a company whose activity is decisive for the internal and external balance of Senegal. Prime factor in social stability by revenue it generates within the country as part of a tour organized, the peanut is both a cash crop and food crop. For export revenues it brings, peanuts offer a significant contribution to the trade balance even though its importance has declined. The SONACOS is undergoing privatization. The tender was launched by the Ministry of Finance and the Government is seeking a strategic investor who has International references serious, proven technical expertise and the financial means to support this revival, take over and finally to realize its sector fullest potential.