In 2017, the ICT sector has generated CFA636.3 billion of revenues, thus 5.1% of Senegal’s GDP which is about CFA25,400 billion. This is the estimate given by the outlook and economic studies division (DPEE) of the Senegalese ministry of economy, finance and planning in its “2017 economic and financial situation and 2018 forecasts” report.
In 2016, economic growth was at 8.7% with an income of CFA601.4 billion and ICT sector had generated CFA471 billion. This was in a context marked by the rise of 4G and a penetration rate for mobile telephony exceeding 100%.
Meanwhile, in 2017, telecoms services recorded a slight increase of 0.8% against +5.7% in 2016. As for “other information and communication services”, they generated CFA165.3 billion.
According to DPEE’s forecasts for 2018, the share of ICT in GDP will slightly decline at 5.0% despite higher revenues (CFA681.9 billion), spurred by “the strong growth of 'other information and communication services' (+19.2% in 2018 against +19.7% in 2017). Meanwhile, telecoms services are expected to grow timidly (+2% in 2018 compared to +0.8% in 2017)”.
However, the division said that telecoms services should benefit from 4G's launch and a growing innovation in the ICT sector.
Muriel Edjo
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...
Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...
Uganda mulls separating airport operations from civil aviation regulation Proposed split aims to align with global norms, boost oversight, and...
Akdital raised $130M in bonds to fund Morocco, Gulf expansion Plans 2,700 new beds in Morocco; Saudi hospital deal set for 2025 2024 revenue...
Venture debt surpassed equity as Africa's top startup funding source in 2025 Six major debt deals drove $1.6B raised, led by East...
In November 2019, the Democratic Republic of Congo announced plans for a new state-owned mining company meant to bring artisanal cobalt mining into the...
The second edition of Salon International de la Musique d’Afrique (SIMA) launched in Cotonou on Thursday, November 13. This year's event in Benin marks a...
Benin approves Club Med resort in Avlékété to boost tourism sector 25-hectare site to feature 336 rooms, pools, spa, and sports...