In order to reposition the private sector as an essential motor of territorial development, a study led by the Ministry of Economy, Planning and Cooperation recommends an ambitious reform of the Investment Code, in synergy with other major legislative provisions. Building a competitive and attractive economy for private investors, both national and foreign, remains a strategic priority for Senegal. The aim is to strengthen the role of the private sector in national development by creating an environment conducive to the emergence of productive initiatives. The study entitled “Territorialisation de l’investissement privé au Sénégal : enjeux et perspectives du dispositif juridique d’incitation” proposes a revision of the Code des investissements, in conjunction with the General Tax Code, the Customs Code, the Labour Code, the local legislation, the Act III of decentralisation, the Charter of decentralisation, as well as the Pla The national plan for the development of the territory (Pnadt). This reform aims to align the Investment Code with the priorities of the National Development Strategy (SND) 2025-2029, by harmonizing fiscal and non-fiscal incentives, and effectively targeting investors and strategic sectors. Optimization of fiscal advantages and strengthening of non-fiscal incentives; The establishment of a robust monitoring and evaluation mechanism for the application of the Code; Improvement of governance through strengthened structuring and territorial deployment of decision-making bodies. To attract more domestic and international private investment, the implementation of the Code must be accompanied by structural reforms concerning production factors, economic models of investment areas, connectivity infrastructures, and institutional governance.
Senegal: An ambitious reform of the investment code to stimulate economic growth and territorial attractiveness
