Senegal
Sector
Agriculture & Agri-processing
Senegal has an integrated program, which is aimed at developing agriculture and markets for produce, and providing a favourable climate for private investment. Investment opportunities are available in the following areas:
• Development of horticultural exports: Production of cherry tomatoes, mangoes, melons, okra, peppers, onions and potatoes for export
• Processing of fruits and vegetables
• Marketing and packaging of agricultural produce
• Production of agricultural equipment
• Transport logistics
• Provision of financial services
• Research and development services
• Development of private irrigation and land-related activities
Comparative advantage
• A stable climate favourable
• Proximity to the European and
American export markets
• Good logistical infrastructure
• Abundant agricultural land with 240 000 hectares available for irrigation
Sector
Senegal has successfully initiated programs that have diversified agricultural products and reduced its dependence on the export of groundnuts. Cherry tomatoes, green beans, mangos and melons have done exceptionally well. However, large quantities of food are still being imported.
Incentives
Agricultural companies that export at least 80% of their products are exempted from:
• Income taxes from distributed dividends
• All forms of taxes based on salaries
• Custom and stamp duties for production and transportation equipment
• Wage taxes, business license taxes, land tax and
all registration and stamp duties
• Corporate tax is at the rate of 15%
For further information contact Senegal’s investment promotion agency, APIX.
Key contact: Augustin Diouf
Manager, agro-business sector
adiouf@apix.sn
