Other sectors
Other sectors

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Several other industries offer attractive investment opportunities, with essential information pertaining to the main opportunities provided below.

Education

Education policy is now focused on strengthening basic education, technical education and vocational training. In this context, the main objective is universal elementary schooling.

The State has proven its support to education, notably through the creation of Regional University Centers (URC) to complement existing higher education.

The government is committed to promoting private initiative in the field of education to maximize its contribution to the implementation of innovative investment programs while improving the business environment and attracting foreign private investment.

The growing number of private higher education management institutions is proof of the government’s efforts, with pioneering groups such as SUP DE CO, ISM, IAM and many other public institutions rising to meet training demands.

Investment Opportunities.

  • Provision of private primary and secondary schools
  • Creation of colleges and vocational training schools
  • Provision of adult ongoing training and development institutions

Renewables

To preserve natural resources and cope with rising energy needs, the government has adopted a national policy of biofuels production. This strategy revolves around:

  • An ambitious government policy to develop renewable energy
  • Creating opportunities for energy diversification in charcoal, solar and biofuels
  • Liberalizing the national oil market
  • Positioning Senegal as a subregional oil hub with its well located deepwater port and the only refinery in the subregion
  • Production of bioethanol from sugarcane and biodiesel from jatropha
  • Legislative and regulatory framework for biofuel and renewable energy
  • Creation of a National Committee on Biofuels
  • Development of bioenergy crops in semi-arid and marginal lands.

Investment Opportunities in renewables

Different investment opportunities include:

  • Solar energy
  • Hydropower
  • Domestic fuel (biomethane) power plants
  • Biofuels
  • Wind
  • Oil exploration

Mining

Senegal offers a wide variety of minerals including precious metals (gold and platinum), base metals (iron, copper, chromium, and nickel), industrial minerals (phosphates, limestone, salt, barite etc.) heavy mineral (zircon and titanium), ornamental stones and building materials.

Mining is already somewhat developed but offers much room for growth:

  • 1. Phosphates
  • 2. Industrial limestones
  • 3. Gold
  • 3. Iron ore
  • 4. Attapulgite
  • 5. Heavy minerals
  • 6. Other resources (lithium, copper and chromium, nickel, marble, high silica content sands, barite deposits)

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Incentives

All provisions for the mining sector are in the new Mining Code (Law No. 36 of 2003 November 24, 2003), its implementing decree (2004 647 of 17 May 2004), and the Mining Policy Statement (06 May 2003).

Senegal has also developed a Mining Sector Support Programme (PASM) revolving around:

  • Updating geological and mining documentation
  • Implementing the Spatial Information Grid (SIG) and efficient mining records
  • Redefining areas of strong potential
  • Rebooting mineral exploration
  • Exploiting new deposits (gold, base metals, uranium, phosphate, attapulgite, limestone and other materials)

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