Our comprehensive assessment of Senegal's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Senegal, as well as the latest industry developments that could impact Senegal's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Senegal before your competitors.
Senegal Country Risk
Annual real GDP growth in Benin will average 5.2% between 2015 and 2024 as consumer spending increases and the country's political stability engenders elevated levels of fixed investment. Nevertheless, a sporadic electricity supply and reliance on cotton production will hold back the pace of economic development.
Benin's political landscape shows little sign of fragility, and will remain one of the most stable, open and accountable in West Africa in the years ahead, enjoined by a free press and a multitude of political parties. Nevertheless, the country faces challenges in the long term such as an overspill of violence from piracy and terrorist activity in the region, and the potential for tribal/ethnic schisms to open.
Senegal Country Risk
The Gambia will enjoy positive growth in 2016, picking up to 3.8%, following a contraction in 2014 and a lacklustre 1.9% in 2015. There are serious external weaknesses in the Gambian economy at present from its current and fiscal account deficits. The tourism and agriculture sectors will continue to struggle, weighing on the economy as a whole.
President Yahya Jammeh is likely to remain in power, barring death or illness or removal by military coup.
Agriculture will remain the dominant sector in The Gambia, though investment into other industries such as tourism will help drive real GDP growth.
The country will remain reliant on foreign grants in order to meet its fiscal obligations, although these are under threat given political developments.
Senegal Industry Coverage (1)
BMI View: The BMI Q3 2015 West and Central Africa report analyses latest industry, regulatory and macroeconomic developments and trends in the telecommunications market in seven countries: Cameroon, Cote d' Ivoire, the Democratic Republic of Congo (DRC), Gabon, Mali, Mauritania and Senegal. Strong growth over the past decade will inevitably lead to more saturated market dynamics towards 2019 and beyond as operators will increasingly shift towards advanced data services to sustain and build on revenue generation. The efforts of operators will be complemented by the uptake of low-cost smartphones and mobile devices along with access to cheap and more reliable international bandwidth connectivity via submarine cables. Nevertheless, 3G and 4G shares will remain relatively low than more advanced Middle-Eastern countries.