Economic Guide: Senegal Opportunities for Investment
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Economic Guide: Senegal Opportunities for investment FOREWORD Preface Invest in Senegal Invest in the Future Senegal and the United States of America have a long history of mutual trust, based on shared values of freedom, democracy and respect for human rights. On both sides of the Atlantic, we believe in free enterprise and the strengths of the market as driv- ers of growth, wealth creation and development. Senegal is less than an eight-hour flight from the East Coast of the United States— it takes less time to get to America than it does to reach the east or south of Africa. And so we are also neighbors. At a political level, the relationship between our governments has always been character- ized by trust and friendly collaboration. Senegal benefits from the support of US aid in a number of areas, including as part of the Millennium Challenge Account (MCA). We are currently in the process of defining a second MCA compact, focused primarily on energy, and this follows on from the success of the first compact, which concentrated on infrastructure and agriculture. All of these factors justify the continuation of our partnership, especially with the private sector in America, with support from the US Chamber of Commerce. I have already had an opportunity to meet with the Chamber’s offi- cials and appreciate the extent of the friendship and respect which they hold for our country. © YOURI LENQUETTE The major projects in the fields of infrastructure, energy, agriculture, mining, tourism, ICT and services included in the Emerging Senegal Plan offer us a broad spectrum of possibilities on which to build intelligent, innovative and mutually beneficial partnerships. The opening on December 7 of our brand new, world-class airport, AIBD, will contribute to achieving that. Together, side by side, let’s work to secure investment, trade and a mutually beneficial partnership for a bright future. The time to invest in Senegal is now! Macky Sall Head of State U.S. CHAMBER OF COMMERCE Economic Guide: Senegal - 3 FOREWORD Preface Preface Tulinabo S. Mushingi © DR United States Ambassador to Senegal and Guinea-Bissau After being nominated by President Trump on February 28, 2017, and confirmed by the U.S. Senate on May 18, I arrived in Dakar on July 31 to serve as U.S. Ambassador to both Senegal and Guinea-Bissau. My goal is to advance the prosperity and security of the United States by working with African partners to achieve shared prosperity and security. One of the best ways for me to achieve this goal is to help American companies do business and build partnerships in Senegal. With its stable institutions and traditions of openness, Senegal offers many opportunities for trade and investment. And the U.S. Embassy in Dakar is well- equipped to help American companies make the most of those opportunities. The United States and Senegal have been partners for decades, working together to achieve shared goals in economic development, democratic governance, and regional stability. Bilateral cooperation between our two countries has been especially strong in the health and education sectors. U.S. assistance has also made major contributions to the development of Senegal’s economic infrastructure. For example, between 2010 and 2015, the Millennium Challenge Corporation invested more than $400 million in irrigation systems and highways to serve Senegal’s most productive agricultural regions. Our latest initiatives in Senegal focus on developing the electricity sector and improving agricultural value chains. At the center of the U.S. partnership with Senegal stands collaboration with the private sector. Both countries benefit when they do business together. This idea motivates the U.S. Embassy’s strong relationship with the American Chamber of Commerce in Dakar. You can find out more about the Embassy at sn.usembassy.gov. And the AmCham is online at amchamsen.org. We welcome you to Senegal and look Preface forward to meeting you. 4 - Economic Guide: Senegal U.S. CHAMBER OF COMMERCE FOREWORD Editorial Editorial Scott Eisner Its geographic proximity and shared intrinsic values with the United States of America make the Republic of Senegal © IAN WAGREICH the gateway for foreign direct investment in West Africa. Senior Vice President, U.S. The adoption of the Emerging Senegal Plan 2035 (ESP) along Chamber of Commerce and with dynamic economic diplomacy led by the Senegalese President of the U.S.–Africa government are commendable, not only for the attractiveness to Business Center the U.S. private sector, but also for the creation of diversified job opportunities in both countries. Reforms undertaken by the Senegalese government to improve the business environment by easing legal and fiscal frameworks are fundamental to sustain economic growth and must be encouraged. The recent oil and gas discovery is paving the way for greater investment opportunities across different sectors including agriculture, fishing, energy, infrastructure and in key services such as banking and information communications technology. The Center looks forward to working in partnership with the Senegalese public and private sectors to enhance the trade relationship between our countries, and encouraging American companies to support the country’s economic expansion through skills, capital, and technology transfer. The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of over three million companies of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its international affairs division includes more than 70 regional and policy experts and 25 country and region specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad. The Chamber’s U.S.–Africa Business Center’s (USAfBC) mission is to build lasting prosperity for Africans and Americans through job creation and entrepreneurial spirit. The Center firmly believes that the future of the global economy lies in Africa. This economic guide features the variety of American and Senegalese companies operating in Senegal and portrays the favorable business environment for potential investors. It is our hope that readers will find useful information about the great economic opportunities in Senegal and its wealth of resources. Editorial 6 - Economic Guide: Senegal U.S. CHAMBER OF COMMERCE C’est dans le cadre de la restructuration du secteur de la • Bien que ponctuelle, la part des sociétés pétrolières dans réparation navale lancée dans les années 1990 par l’État le cadre de leurs activités de « off-shore » a pu représenter, sénégalais que DAKARNAVE remporte l’appel d’offre pour comme en 2007 par exemple, jusqu’à 25% du chiffre d’affaires. exploiter les chantiers navals de Dakar. En 2014 cette catégorie de clients a représentée 11% du C.A. Société créée par LISNAVE INTERNACIONAL, un groupe de • Depuis le début de l’activité, les clients étrangers ont réputation internationale, DAKARNAVE signe en 1999 un contrat représentés plus de 94% du chiffre d’affaire pour une entrée avec l’État sénégalais représenté par la SIRN pour l’exploitation totale de devises d’environ de 225 Millions d’euros. en régime d’exclusivité des chantiers navals de Dakar pendant Ce succès a été rendu possible grâce à l’aide inestimable une période initiale de 25 ans. et indispensable de son actionnaire majoritaire LISNAVE Selon son objet social et dans le cadre des accords inscrits dans INTERNACIONAL, aussi bien dans la diffusion de son savoir faire le contrat de concession des chantiers signé avec DAKARNAVE, que dans l’apport commercial que constitue la « marque » LISNAVE. la SIRN a eu la charge de la réhabilitation des chantiers navals Le volume des investissements et des grandes réparations de Dakar. Celle-ci a été réalisée grâce un financement de l’AFD d’infrastructures réalisés ont mobilisé d’importants moyens (Agence Française de Développement) octroyé sous forme de opérationnels et financiers. Après sa phase de réhabilitation, et prêt, à hauteur de 10,8 M d’euros et pour une durée de 19 ans jusqu’en 2016, DAKARNAVE a réalisé des investissements dans dont le remboursement est couvert par une part spécifique de la les infrastructures et sur des zones faisant partie du patrimoine redevance payée par DAKARNAVE. de l’état pour un montant supérieur à 8,5 milliards FCFA. Après ses dix-sept années d’activité, DAKARNAVE a connu une Dans ce contexte, DAKARNAVE a su mêler un esprit croissance significative qui est le résultat de la stratégie mise en d’entreprise à une gestion rigoureuse en donnant la priorité place pour développer les marchés liés à la marine marchande et aux investissements indispensables au processus de production, à la marine de pêche. Son chiffre d’affaires est passé de 4 milliards c’est à dire dans les infrastructures, les équipements et la de FCFA à environ 13 milliards de FCFA. Il se détaille comme suit : formation professionnelle. • Les flottes de pêche industrielle qui constituent une base L’effectif global de DAKARNAVE comprend 300 travailleurs d’activités récurrentes et stables ont représenté en moyenne permanents sénégalais et 7 expatriés. En pleine charge de travail environ 25% de la facturation totale. et avec l’apport des sous-traitants et des journaliers, le nombre des • La part de la marine marchande dans le chiffre d’affaire a été en travailleurs peut atteindre plus de 600 personnes sur le chantier. constante augmentation pour atteindre le maximum de 62%. La valeur ajoutée de toute la main d’œuvre employée par DAKARNAVE • La partie relative aux commandes de la marine nationale a incluant les travailleurs permanents, les journaliers et la sous-traitance représentée 3% du chiffre d’affaires. représente près de 30% du Chiffre d’affaire de la société. CHIFFRES SIGNIFICATIFS DE L’ACTIVITÉ DE DAKARNAVE 1999 / 2016 ACTIONNAIRES LISNAVE INTERNACIONAL, S.A.