Country Overview
Senegal is emerging as a dynamic market in West Africa, with real GDP growth projected at 6.0% in 2024, rising to an average of 7.1% in 2025–2026. This growth is underpinned by increased investments, productivity gains, and the development of hydrocarbon resources. Inflation declined to a six-year low of 1.5% in 2024, and the accommodative monetary policy stance of the Central Bank of West African States (BCEAO) is expected to support economic expansion further. Despite fiscal challenges, including a projected deficit exceeding 7.5% of GDP, ongoing IMF-backed stabilisation efforts show promise. And whilst exchange rate volatility has affected borrowing costs, it also presents opportunities for investors targeting export-oriented sectors. The country’s favourable macroeconomic environment and reforms create a strong foundation for long-term private equity investment. Key growth sectors include oil and gas, agribusiness, renewable energy, technology, and real estate, which are driven by domestic demand and export opportunities. Senegal’s burgeoning
