€10.7 billion investment pledges at first “Invest in Senegal Forum”

Participants at first “Invest in Senegal Forum” held July 6-8 have pledged €10.7 billion investments in the West African country.

The amounts were disclosed by Prime Minister Amadou Ba at a meeting with the media to present a report on the event seeking the development of local and regional markets.

Close to 3,500 delegates among whom State officials, investors, economic leaders, asset owners from the continent and the rest of the world, SME managers, regional and international organizations, as well as technical and financial partners, from 60 countries, attended the event. The delegates pledged to invest €10.7 billion in the Senegalese economy, Ba indicated.

This figure, he said, is “indicative of the attractiveness of our economy to both domestic and foreign investors, and testifies to the confidence of the business community”.

Over 800 contracts were inked, and nearly 30 projects offering “real potential” for Senegal’s economic and social development were highlighted, covering 12 sectors including energy, agriculture, industry, digital, green economy, the Premier added.

Senegal’s investment promotion and grand projects agency, APIX, organized the event that also sought to encourage B2B meetings between investors, the Government and private-sector companies taking part in the Forum, increase public-private partnerships and joint ventures, and mobilize financing for regional integration projects.