• Senegal secured CFA5,448 billion ($9.7 billion) in private investments in 2024.
• A new investment code lowers entry thresholds and expands eligible sectors.
• APIX plans the “Invest in Senegal” forum to boost inflows in 2025.

Senegal recorded CFA5,448 billion ($9.7 billion) in private investments in 2024, according to Bakary Séga Bathily, director general of the Agency for Investment and Large-Scale Projects (APIX). He shared the figures in an interview with the Senegalese Press Agency on September 23.

Bathily noted that recent state visits by the president and prime minister to Mauritania, the United Arab Emirates, Turkey, China, and Japan resulted in new partnerships in key areas such as energy and health. He also reported that about 9,200 new businesses were created in the first half of 2025.

“Senegal has a number of comparative advantages compared to countries at the same level. The country has just completed two cycles of strong rankings for investment attractiveness. Even though there was a decline in 2024, we remain in the top 10 most attractive countries for investment,” he said.

On September 19, Senegal adopted a new investment code to strengthen its appeal to foreign capital. The updated law replaces the 2004 framework, considered outdated. It widens the range of eligible sectors, lowers the minimum investment threshold from CFA100 million to CFA15 million, and introduces new schemes, including strategic and socially responsible investment regimes.

APIX is also preparing the “Invest in Senegal” forum (FII 2025), scheduled in the coming months under the theme “Connecting Opportunities and Building the Future.” The event aims to attract international investors and local private players, with the goal of doubling or even tripling last year’s investment commitments, Bathily said.