Content type

Senegal Set For Solid Economic Recovery From 2021

Country Risk / Senegal / Wed 30 Dec, 2020

Key View

  • We at Fitch Solutions forecast Senegal's real GDP to have expanded by just 0.9% y-o-y in 2020, amidst the impacts of the Covid-19 pandemic.
  • We then forecast growth recovering to 5.2% in 2021 and 6.4% in 2022.
  • This remains above a 3.3% average for the Sub-Saharan Africa region and the medium-term outlook for Senegal remains
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Senegalese Growth To Slow Sharply In 2020

Country Risk / Senegal / Thu 02 Apr, 2020

Key View

  • At Fitch Solutions, we have revised down our forecast of Senegal’s real GDP growth to 3.1% in 2020, from 6.4% previously, to account for the likely impact of the global Covid-19 (coronavirus) pandemic on the domestic economy.
  • Government measures aimed at containing the spread of the virus, including bans on public gatherings and
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Senegal's 2019 Petroleum Code Revision: Main Points Of Interest

Oil & Gas / Senegal / Fri 29 Mar, 2019

Key view:

  • In February 2019, Senegal adopted a new version of its Petroleum Code, following substantial oil and gas discoveries in its offshore over the last few years.
  • The revision of the 1998 Petroleum Code takes place as Senegal is moving towards first oil and gas production in 2022, with the scheduled start-up of two major project (Greater
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Senegal Revises Hydrocarbons Code As Upstream Sector Takes Off

Oil & Gas / Senegal / Mon 04 Feb, 2019

Key view:

  • In an attempt to facilitate the expansion of its nascent oil and gas industry, Senegal’s National Assembly has approved a revision of its 1998 Hydrocarbons Code as the country is progressively emerging as an exploration hotspot.
  • The country’s move towards a more business-friendly petroleum code comes a few months after Gabon
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