• Senegal has adopted a new investment code to enhance its economic attractiveness.

• The code introduces simplified digital procedures, reduced processing times, and stable fiscal and customs incentives.

• It aims to modernize the legal framework and reinforce guarantees for investors, including capital transfers and dispute resolution.

Senegal has adopted a new investment code to strengthen its economic attractiveness. The National Assembly approved it on September 19, 2025. This code aims to modernize the country's legal and institutional framework.

According to a press release from the National Agency for Investment Promotion and Major Works (APIX), this code introduces several innovations. These include the simplification and digitalization of procedures through a dematerialized single window, reduced processing times for applications to ten working days, and stable fiscal and customs incentives. It also establishes new strategic and socially responsible investment regimes.

The text also reinforces guarantees offered to investors. These specifically include capital transfers, currency convertibility, and mechanisms for preventing and resolving disputes. Bakary Séga Bathily, APIX Director General, stated that this new framework was designed in "an inclusive spirit, in consultation with all public and private stakeholders, with the objective of modernizing the legal framework and making it more competitive."

This new code continues the reforms undertaken by Senegal to attract foreign capital, simplify administrative procedures, secure land access, and support small and medium-sized enterprises. The country also relies on the development of special economic zones, such as Diamniadio, to offer favorable conditions for industrial establishment.

In December 2024, Senegal already ranked among the top performers in the West African Economic and Monetary Union (WAEMU) for business climate. According to the United Nations Conference on Trade and Development (UNCTAD), it attracted $2.01 billion in foreign direct investment that same year.

The 2025 Investment Code will be presented in detail at the "Invest in Senegal" Forum (FII Senegal 2025), scheduled for October 7 and 8.

This article was initially published in French by Charlène N’dimon

Adapted in English by Ange Jason Quenum