The Republic of Senegal is the second largest economy in French-speaking West Africa behind Ivory Coast. Its population is 15.4 million and its GDP US$14.77 billion. It is bordered by the Atlantic Ocean to the west, Mauritania to the north and east, Mali to the east, and Guinea and Guinea-Bissau to the south, and a surface area of 196,722 sq.kms (source: ANSD – World Bank, 2018).
Given its geographical location and its political stability, Senegal is one of the most industrialized African countries. It has maintained genuine appeal for foreign investors, especially Chinese ones. The main revenues of the Senegalese economy come from fishing, tourism and aquaculture.
France remains Senegal’s main economic partner, whether in the commercial or investment fields. Subsidiaries of French companies (around one hundred) and Senegalese entities owned by French nationals account for almost a quarter of GDP and tax revenues in Senegal and employ nearly 15,000 people in the country.
In order to meet the needs of its customers on the Senegalese market, Simon Associés has developed privileged relations with economic and legal partners locally.