Doing Business in Senegal

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Syllabus of the Subject: Doing Business in Senegal. Port of Dakar.

  1. Introduction to the Republic of Senegal (West Africa)
  2. Doing Business in Dakar
  3. Senegalese economy
  4. International Trade of Senegal
  5. Customs Clearance of imported goods in Senegal
  6. Port of Dakar
  7. Business and Investment Opportunities in Senegal:
    1. Agriculture and agribusiness
    2. Aquaculture
    3. Teleservices and information technology
    4. Livestock
  8. Case Study: Senegalese companies
    1. SODEFITEX
    2. SONATEL
    3. SUNEOR Group
  9. Infrastructures in Senegal
  10. APIX - Investment Promotion and Major Projects (Invest in Senegal)
  11. Introduction to French
  12. Access to the Senegalese market
  13. Business Plan for Senegal

The objectives of the subject “Foreign Trade and Doing Business in the Republic of Senegal” are the following:

  1. To analyse the Senegalese economy and foreign trade
  2. To evaluate the business opportunities in the Republic of Senegal
  3. To explore Senegal's trade relations with the country of the student
  4. To know Senegal's Free Trade Agreements
  5. To examine the profile of the Senegalese companies
  6. To understand the role of Senegal as a gateway to West Africa
  7. To develop a business plan for the Senegalese market
The Subject (e-learning) “Doing Business in Senegal” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorates (e-learning): Islamic Countries, Africa
  2. Course: West Africa
  3. Masters: International Business, Africa, Muslims Countries
  4. Bachelor's Degree in Inter-African Business

E-learning Bachelor's Degrees and Master, EENI (Business School) and HA University

Course learning materials in Higher Education in English or Post-secondary Education in French Sénégal Study in Portuguese Senegal Tertiary Education in Spanish Senegal

  1. Credits of the subject “Foreign Trade and Doing Business in Senegal”: 2 ECTS Credits
  2. Duration: two weeks

Area of Knowledge: Africa

Sample of the subject (Doing Business in Senegal):
Doing Business in Senegal

Hispano-African University of International Business

Hispano-African University of International Business

Dr Aliou Niang Dr Aliou Niang - EENI (Business School) and Hispano-African University of International Business Professor

Description of the Subject (Doing Business in Senegal).

Senegal is one of the less corrupt African Countries. Improved business climate.
Gateway to the West African region.

  1. Area: 196.712 square kilometres
  2. Senegalese Population: 13.5 million people (48 people per square kilometres)
  3. 25% of the population is concentrated in the Dakar region
  4. 55% of the Senegalese are under 20 years
  5. Official name: Republique du Senegal
  6. Capital: Dakar (2.45 million people)
  7. The Senegalese official language is French
  8. Other languages are Wolof, Diola, and Mandingo
  9. Independence: 1960 (France)
  10. Legal System: based on the French civil law
  11. Senegal shares borders with Mauritania, Mali, Guinea, Guinea-Bissau, and the Gambia

Main religions in Senegal:

  1. Islam (95% of Senegalese population)
  2. African Traditional Religions

Senegal belongs to the West African Economic Area (African Civilisation).

Senegalese personalities

  1. Leopold Sédar Senghor
  2. Sheikh Anta Diop
  3. Pathé Diagne
  4. Ahmadou Hampaté Bá studied in Senegal

We Trust in Africa

Organisation for the Development of the Senegal River

Senegalese Economy:

  1. The Republic of Senegal (Africa) initiated in the last years a deep programme of privatisation of the public companies (telecommunications, energy, tourism, or transport)
  2. Senegal has invested more than any other nation in West Africa in the telecommunication's sector; Senegal is positioned as the leader in the region
  3. The economy of Senegal remains dominated by the tertiary sector (60% to the Senegalese gross domestic product)
  4. The primary and secondary sector contributes 20% each to the Senegalese GDP.
  5. Senegal is the first nation to have been rated B +/Stable/B in West Africa (Standard and Poor's)
  6. The Central Bank of the West African States is located in Dakar
  7. Senegalese GDP growth: 4.8%
  8. Inflation: 1.3%

APIX. The Senegalese Agency for Export Promotion is an integrated platform of export services for companies and associations.

Port of Dakar (Senegal)

Trans-African Roads:

  1. Dakar-Lagos Corridor
  2. Cairo-Dakar Corridor
  3. Trans-Sahelian Highway

Senegal has preferential access to the markets of:

  1. Economic Community of West African States (ECOWAS)
  2. West African Economic and Monetary Union (WAEMU)
  3. US-WAEMU Trade Agreement
  4. Community of Sahel-Saharan States (CEN-SAD)
  5. European Union:
    1. Africa-European Union Strategic Partnership (Cotonou)
    2. Generalised System of Preferences
  6. United States (AGOA)
  7. Free Trade Agreement (FTA) with India

Leopold Sédar Senghor Senegal

West African Economic Monetary Union (WAEMU)

Senegal is a member of:

  1. New Partnership for Africa's Development (NEPAD)
  2. Afro-Arab Cooperation
  3. Arab Bank for Economic Development in Africa (BADEA)
  4. Economic Commission for Africa (ECA)
  5. Organisation for the Harmonisation of Business Law in Africa (OHADA)
  6. African Development Bank
  7. Africa (Senegal)-Asia Strategic Partnership (NAASP)
  8. Organisation for the Development of the Senegal River
  9. African Union (AU)
  10. Convention on Preventing and Combating Corruption
  11. Islamic Development Bank
  12. Organisation of Islamic Cooperation (OIC)
  13. International Organisation of Francophonie
  14. Community of Portuguese Language countries (observer country)
  15. World Bank (WB)
  16. International Monetary Fund (IMF)
  17. United Nations (UN)
  18. World Trade Organisation (WTO)

❮ Samples - Business in Senegal ❯

Dakar-Lagos Trans-African Corridor

Trans-Sahelian Highway, Dakar-N’Djamena Corridor

ECOWAS Economic Community of West African States

Sheikh Anta Diop (Negritude)

Cairo-Dakar Corridor (Trans-African Highway)

Common Market (West African Economic and Monetary Union)

Pathé Diagne

Case Study:

SODEFITEX (Development Society of Textile fibres) was created March 15, 1974 as a public company. On November 13, 2003; it has been privatised, has augmented its capital from 750 million to 3 billion CFA francs, and became the SOCIETY and DEVELOPMENT OF TEXTILE fibreS.

Sonatel Group provides exhaustive telecommunications 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 development of the Senegalese economy.

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 organised, 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 privatisation. 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 realise its sector fullest potential.

United States-West African Economic and Monetary Union Agreement

(c) EENI- Business School & Hispano-African University of International Business