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Senegal B2B Marketplace – Connect with Leading Buyers, Manufacturers and Suppliers


If you are looking to broaden your horizons into the west of Africa, ExportHub can help you build your corporate image in Senegal; one of the top five most reforming countries in Sub-Saharan Africa according to World Bank Doing Business 2016 report. Senegal is the best place for entrepreneurs and businesses alike: it has a high demand for foreign goods, a stable economic and political environment, a trade favourable geographical location and new policies to encourage foreign investments. The region is multiethnic and predominantly Muslim with French as the country’s official language.

Added benefits of investing in this region are lower energy costs, the creation of special economic zones, competitive production costs, skilled workforce, and tax incentive packages for new businesses. The banking sector has introduced a data-sharing system in the country which ensures secure investments and lower cost of credit. Emerging Senegal Plan (ESP) is a socio-economic plan for the development of infrastructure, electricity and agriculture which has amounted to a large inflow of direct foreign investments since 2014.

Senegal is ranked as one of Africa’s most developed tourist destinations due to its modern urban architecture and welcoming people. The fishing, mining and agricultural sectors are the leading export sectors of the country amounting to over 20% of the total annual exports. Senegal produces numerous cash crops such as cotton, peanuts, tomatoes, mangoes, and sugarcane. Fishing brings about a large portion of foreign as well as local revenue, but the job is labour intensive, and the sector can be improved by ESP in the future.

Senegal has investment treaties and good business relations with Australia, Denmark, Finland, France, Italy, Japan, Romania, South Korea, Spain, Switzerland, the Netherlands and the USA to encourage international trade and foreign direct investments. The country has no restrictions to 100% ownership of businesses by foreign investors except in sectors that are state-owned enterprises. An IMF report anticipates a stronger and sustainable annual growth rate in the Senegalese economy, estimated to be between 7% and 8% until 2021. Senegal is also an active member of the African Union and the Economic Community of West African States (ECOWAS).

In 2017, Senegal exported $3.59B and imported $7.89B worth of goods and services and amassed a total GDP of $21.1B. The past five years alone have seen Senegal’s exports increase at an annualized rate of 3.3%, from $3.29B in 2012 to $3.59B in 2017 due to Emerging Senegal Plan’s great success. Signing up to ExportHub will ensure you can receive the best business opportunities and verified contacts in the emerging and promising country of Senegal.
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