fDi Markets Newswire:

Senegal holds an important position in the emergence of Africa as an economic force through leading initiatives in the New Partnership for African Development, a committed democratic political system and sound economic policies.

Senegal was ranked “B+/StableB” in December 2001 by Standard & Poor’s and enjoys an inflation rate of less than 2% since 1997, coupled with a steady growth rate of more than 5%.

At the crossroad of Africa, Europe and North America, Senegal offers preferential access to global markets. Beyond, its commitment to regional integration through Union Economique et Monétaire de l'Afrique de l'Ouest and The Economic Community Of West African States gives investors access to more than 200 million customers supported by modern port, railway, air and telecommunications infrastructure.

The International Telecommunications Union has ranked Senegal as the top sub-Saharan country for growth, penetration and quality of communications services, and proves it to be a preferred destination for ICT investments. Among other priority sectors for investments are tourism, the textile and garment industry, and agribusiness.

To speed up investment formalities for investors, Senegal has set up a one-stop-shop through which the investment code and the Free Export Company offers, beyond the traditional incentives, a competitive package of fiscal and customs benefits to investors.

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