|
SENEGAL
Main
Economic Sectors
Here are only some of the overview of economic sectors in Senegal
which potential investors may be interested in. Mere fact that certain
sectors are not itemized hereunder does not at all mean those sectors
are not inviting the foreign investors.
Telecommunication
The sector, already well developed, is booming. Existing facilities
allow the users to reach practically the entire world by telephone
connection.
Senegal has a land satellite communication
station, a sub marine cable center equipped with over 5,000 telephone
circuits, an international telex center, two radio emitting centers
and a decimetric wave system. The fiber optic rate is 92%.
The main telephone customers access
to a package of specialized services including Internet connection
through several private operators. This activity is open to competition.
Cellular phones have mushroomed over
night. The Dakar region is entirely covered, and so are most of
the interior zones in the country (Saint-Louis, Louga, Thies, Touba,
Mbacké, Kaolack, Mbour, Ziguinchor, Kolda, Tambacounda)
Important programs were initiated
to improve and modernize telecommunication facilities. Likewise
steps were taken to accompany the privatization of SONATEL, the
main actor in the area of telecommunication in Senegal.
- Cellular phones were open to
free competition;
- Fixed telephone is to be opened
to free competition;
- Rural telephony is expected to
grow considerably in the years to follow.
Tourism in Senegal
"SENEGALESE TERANGA" can be translated
as "Hospitality", but its true meaning is expressed by a traditional
manner of welcoming guests, where attentions and respect are plied
with the pleasure of receiving a guest at home.
In the villages, you will be struck
by the special charm and spontaneity of the people. Senegal offers
a thousand ways of looking, and they are smiling . Even if you spend
just a brief time to discover this country, you will never forget
the faces, and they will never forget your name.
Here there are always warm experiences
to cherish, for doors as well as hearts remain open. The surprising
diversity of nature, the mild climate, the discovery of new cultures
and secular traditions are just a few of the many charming reasons
to come and meet Senegal.
This is the country of TERANGA: a
pleasant way of life, hospitable villages. A true human experience
awaits you, along with people ready to share their kindness and
authenticity with you.
Senegal possesses substantial assets,
due to the diversity of the products it can offer to its visitors.
There are sea resorts, conference tourism, discovery tourism, sports
fishing, ecotourism, hunting and opportunities for cultural discovery.
Senegal is located on the westernmost
point of the African continent, at the edge of Atlantic, and remains
a prime destination for tourism in Sub Saharan Africa. This sector
grew by leaps and bounds from 1994 to 1996, despite a slight 5-6%
drop in 1996 (due in part to social events in France, which occurred
during the 1995 /1996 high season for tourism). Leisure tourism
suffered somewhat from that situation, unlike business tourism,
which centered mainly on Dakar and showed a 5% growth compared to
1996.
Senegal's Tourist Market is
chiefly concentrated over six regions: Dakar, Thiès, Ziguinchor,
Saint-Louis, Kaolack and Tambacounda. It remains diversified in
terms of products. The total lodging capacity is as follows: (1999):
- Number of hotels: 245;
- Number of rooms: 8,472;
- Bed capacity : 17,586.
The Dakar region covers 35% of total
capacity, Thies 26% and Ziguinchor 22%.
Leisure tourism-in camps, vacation
village is still predominant, and developing particularly in the
Petite Côte (Little Coast) area, in Casamance and in the Fatick
region.
The Tourism Management Office conducts
an analysis of tourist demand based on tourists' arrivals, nights
spent and length of stay in the hotels and vacation villages. Nevertheless,
these statistics do not present an exact picture of the situation,
for those tourists who spend their vacation with friends and relatives
are not counted.
In 1999 the total number of arrivals
was estimated at 501,695 not including 8,863 cruise tourists:
- The entire European market represented
74% of international tourism, including 50% for France and 17%
for Italy and Germany, Benelux and Spain
- Arrivals from other parts of Africa
represented 22%.
Electricity
The National Electricity Company
(SENELEC) operates the exploitation of the existing facilities.
The production, exclusively thermal is 307 MW for the 6 plants :
Cap des Biches (Dakar), Bel-Air (Dakar), Ziguinchor, Saint-Louis,
Kaolack et Tambacounda. Nevertheless, some industries produce their
own electricity to meet their needs, from steam, biomass or groundnut
coke.
The Manantali dam built by OMVS
(the Organization for the Development of the Senegal River), should
produce over 800 000 KWH, mostly for the Eastern and Central regions.
SENELEC has undertaken a vast program
to :
- Rehabilitate and extend the Dakar
region network ;
- Renovate the Cap des Biches plant
in order to improve supply in Dakar;
- Improve rural and urban electricity;
- Open its capital partially to
private investors. A first attempt was wade with a French and
Canadian group, which did not prove conclusive. It is expected
that a new call for international bids will be done to select
a strategic partner sometime in the near future.
Mining Sector
- Phosphates of Matam:
a deposit of more than 40 millions tons with a high potential
for agricultural development (28% of P20.
- Gold: rush of many foreign
mining companies (AGEM, BRGM, ANMERCOSA, RANGOLD ASHANTI GOLDFIELDS,
SAMAX HANSA…).
- Iron Ore: resources
estimated at 350 millions tons with an average ore content of
63%.
- Hydrocarbons: a potential
of 3 billion cubic meters of gas in Diam Niadio.
- Marbles: reserves estimated
at millions of cubic meters with excellent quality and good mechanical.
- Oil: the Senegalese substratum
is still underexplored
Fishing
This sub sector is marked by the
following particulars:
- Efforts made in high-seas fishing
are unbearable;
- Coastal fishing still presents
investment opportunities;
- Land installations are antiquated.
Therefore in order to rationally
and harmoniously develop, this sub sector requires state's attention
to implement:
- An efficient coast protection
policy;
- A national exploitation that will
allow for the reconstitution of species in Senegalese Waters;
- A modernizing policy centered
on both equipment and management methods.
- As a result of such a scheme,
the private sector in Asian countries will find numerous cooperation
opportunities in this sub sector.
Privatization
The government intends to accelerate
the privatisation process by withdrawing from all commercial activities
by end 2000, through privatising the remaining financial and non-financial
public enterprises.
Some opportunities:
- Société Immobiliére
du Cap –Vert (SICAP): Real Estate;
- Société Nationale
de Commercialisation des Oléagineux (SONACOS);
- Manifacture Sénégalaise
des Arts Décoratifs (MSAD): Cultural Industry;
- Société du Domaine
Industriel de Dakar (SODIDA): Industrial Real Estate;
- Société Nationale
d’Etudes et de Promotion Industrielle (SONEPI) : Industrial Promotion.
|