Introduction to Senegal

Senegal covers a land mass of 196,722 sq km, and has a population of c. 14.2m people.

Senegal’s capital Dakar is the Western most point of Africa, and has a population of 1.1m people.

Senegal is one of a few African nations to have only ever had democratically elected governments, and is one of the most stable democracies in Africa, with a long history of participating in international peacekeeping and regional mediation.

KPMG grades Senegal’s Political Risk as an ‘A’ (‘AAA’ is least risky, ‘D’ is most risky), and following the accession to power of President Sall, KPMG wrote ‘Senegal’s record as one of the most democratically developed and stable polities in Sub-Saharan Africa has been reaffirmed’.

Senegal has as its currency the CFA, which is pegged to the Euro.

Being a former French colony, Senegal’s legal system is based on the Napoleonic Code. This has resulted in a strong rule of law, and the enforcement of private property rights.

Senegal has undertaken widespread measures to foster foreign investment including:

Senegal is rich in natural resources such as iron ore and phosphate, and late in 2014, for the first time, offshore oil was discovered some 100km off of the West coast of the country.

Senegal’s current President, Macky Sall, was elected in 2012 for an initial term of 5 years. He may sit for one further term.