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
Real GDP growth will be 5.9% in 2016 and 6.6% in 2017, accelerating to around 7.0% over the coming years.
The country will remain a bastion of West African stability and will continue to develop its democratic institutions.
Inflationary pressures will be benign, in part thanks to the XOF Franc's peg to the euro.
A salient risk to our outlook for the Senegalese economy stems from the country's reliance on agricultural exports. A major weather shock could derail our forecasts through ruining harvests and negatively impacting the current account balance.
The current account balance would also be negatively affected in the initial years should offshore exploration find actionable...
Senegal Industry Coverage (1)
BMI View: The Q1 2016 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 few years has resulted in more saturated markets, at least in terms of the number of mobile telephony subscriptions. However, there is considerable long term value to be gleaned from these markets and, moving towards 2019 and beyond, regional mobile 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.
|Regional Markets To Show Strong...|