Market profile
Senegal: West Africa’s Atlantic gateway
A new energy producer with a 25-year national agenda, a modernised investment framework and a growing Emirati footprint.
6.9%GDP growth in 2024, lifted by the first oil
8development poles in the Vision 2050 agenda
US$1.3bnUAE–Senegal non-oil trade in 2025, up 24.5%
2hydrocarbon fields in production: Sangomar (oil) and GTA (gas)
Why it attracts capital
- A new energy producer: Sangomar oil since June 2024, Greater Tortue Ahmeyim gas since early 2025.
- A 25-year national agenda: Vision 2050 aims at 6.25% average growth and pushes growth beyond Greater Dakar.
- A modernised framework: new Investment Code (Law 16/2025), the APIX one-stop shop and the Diamniadio economic zone.
- Institutional stability, notable in the region.
Where we see opportunity
- Real estate and constructionDakar’s prime districts and new urban poles such as Diamniadio, about 30 km away.
- Infrastructure and logisticsThe Ndayane deepwater port (about US$1.2bn) and its planned 600-hectare logistics zone.
- EnergyThe oil and gas value chain, plus solar and grid: Masdar and Infinity Power already operate here.
- Agri-foodA named pillar of the national strategy: land, processing and supply chains.
Sources: AfDB (2025); Direction générale du Trésor; Le Soleil; Coface; GCC Business News and Ecofin Agency (Sept 2026); Les Afriques (June 2026). Figures as reported by the sources.
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