The
Republic of Senegal
is Located in the West Africa region; bordering the North Atlantic Ocean (Coastline:
531 km), between Guinea-Bissau and Mauritania.
Its has a total
area of: 196,190 sq. Km (land 192,000 sq. Km; water: 4,190 sq. Km)
The bordering countries are: The Gambia
inserted in the Southcenter of Senegal's territory like a sword over 740 km, Guinea
in the Southeast over 330 km; Guinea-Bissau in the Southwest
over 338 km; Mali in the West over 419
km; Mauritania in the North over
813 km alongside the Senegal River.
It has a population
level of: 10,580,307 (July 2003 est.) and a population
growth rate of: 2.56% (2003) Dakar is the Capital and largest city with
1,859,823 inhabitants.
Independence: April
4,1960 from France as a state member of the so called "Federation du Mali"
comprising also Le Soudan Français (The actual Republic of Mali)
When the Federation dismembered, three months after its establishment, Senegal
became independent as a single state under the denomination of Republic of Senegal
on August 20, 1960
National holiday: Independence
Day: April 4
Natural resources: fish, phosphates,
iron ore
Agriculture
production: peanuts, millet, corn, sorghum, rice, cotton, tomatoes, green
vegetables; cattle, poultry, pigs; fish
Industry
production: agricultural and fish processing, phosphate mining, fertilizer
production, petroleum refining, construction materials Industrial production growth
rate: 7% (1998) 5.2% (2000)
From the independence year (1960) till 1981,
Senegal was ruled by a poet-politician: Leopold Sedar Senghor,
founder of the Socialist Party. A seasoned politician (who had been minister
in several French government's cabinets during the IV French Republic's era (1949-1958).
He was not an economist.
During his rule, the country benefited
from the prestige attached to his name as a poet and attracted funds and bilateral
financing to sustain the economy. No integrated strategic scheme was devised
to methodically develop the country. In the contrary, Senegal continued to
live on the same standards inherited from the colonial era (Dakar was till 1960
the Capital City of West Africa's French Colonies (Afrique Occidentale Française).
Civil servants for instance remained years after the independence as numerous
as during the colonial area and most of the budget devoted to salaries and benefits
payment.
Agriculture production is dominated by peanut production, which
yields evolve up and down according to climatic conditions - most often bad and
worse during the recurrent draughts of 1970's. No systematic economic strategy
had been implemented to diversify the agricultural base. Cultivation of rice -
the common Senegalese diet - had not been developed and most needed hard currency
was diverted to importing year upon year huge quantities of rice.
When
Senghor voluntarily stepped down in January 1981, his then prime minister (since
ten years) Abdou Diouf took over in accordance with
the Constitution. He stood in power till March 2000 He also had not made a
systematic attempt to develop the country - with an integrated strategic planning
- in spite of constant inflow of international financing.
In January
1994, after 100% devaluation of the national currency - the CFA
Franc against the French Franc - Senegal, under recommendation from the IMF
and the World Bank, undertook economic reforms. The state control of prices and
subsidies to some commodities - rice sugar, etc.; -were suppressed.
The
economy then experienced a turnaround: GNP, which sustained a negative growth
in 1993 (- 2.1%), increased steadily and reached an average growth of 5% annually
in 1995-2000. Annual inflation was kept under 2%, and fiscal deficit cut to less
than 1.5% of GNP. Investment rose steadily from 13.8% of GNP in 1993 to 17.8%
in 1998.
These macroeconomics achievements, however, did not translated
into better living conditions for the majority who voted on March 19, 2000 for
"SOPI" the "Changeover" and elected the 30 year-
long political opponent, Abdoulaye Wade, as the new
head of state. He was sworn in on April 1, 2000 .
In
spite of a peace agreement signed on March 23, 2002, with the leader of the Movement
of Democratic Forces of Casamance, a rebellion movement in action since 1982 against
the government, in the Casamance region, alongside the Guinea-Bissau
and Guinea-Conakry borders, President
Wade's government is still confronted with a situation of no peace no war in said
region. The rebellion is still active with sporadic armed actions against government
troops.
When the Casamance's Peace Agreement would be fully implemented
and consolidated, the Senegalese government will be in the position to step up
the development of the region where 90% of good arable land are located.
A systematic development of agribusiness in the Casamance region would doubtless
be a driving force for Senegal's economy. Casamance would then act as a magnet
for the rural population to helping reverse current rural migration to major Senegalese
cities, which resulted in sprawling peripheral shanty towns, high level and chronic
unemployment, juvenile delinquency, and drug addiction.
There
are business opportunities in agribusiness (rice
production, sugar production etc.;); fish conservation; meat processing; fertilizer
production, low cost housing scheme.
A passport and a visa are required for most nationalities. There is no limit on
the import and export of foreign currency, but it has to be declared on arrival.
Export of local currency is restricted to FCFA
50,000. For more on entry policy, you may contact the Ministère du tourisme
and Senegal's diplomatic missions below outlined
Ministère
du Tourisme et des Transports Aériens BP 4049 Dakar, Senegal
Tel: +(221) 8211126 Fax:
+(221) 8229413 Website: Click
here Email: Click
here
England
Embassy of the Republic of Senegal
39 Marloes Road, London, W8 6LA Tel: +(44)
171 9384048 Fax: +(44) 171 9382546
USA
Embassy of the Republic of Senegal
2112 Wyoming Avenue, NW, Washington, DC 20008 Tel:
+(1) 202 2340540/1 Fax: +(1) 202 3326315 senembassy@republicofsenegal.com
AIR-LINKING
/ TRANSSHIPPING
The international airport of Dakar-Yoff is the entrance point; well serviced by
most of the international air-carriers en route to North and South America, to
sub-Saharan African countries in general and North Africa. Dakar-Yoff is one
of the maintenace base of the national flag carrier - Air-Afrique - the common
airline to 10 sub-Saharan African countries. As Air-Afrique is collapsing
Air-Senegal in partnership with Royal Air Maroc has extended flights to cope with
left over Air-Afrique passengers.
The following companies have regular
schedules to and from Dakar-Yoff: Air Senegal Internationa (In partnership
with Royal Air Maroc), Air France, Lufthansa, Sabena, Swissair, Royal Air Maroc,
Air Algeria, Tunis Air, Air Gabon, Air Mauritania, Ethiopian Airlines, Ghana Airways.
The harbor of Dakar is one of the most active of the West African
coast; it is the transshipping port for Mali
INVESTOR
CONTACTS
Chamber
of Commerce and Industry 1, Place of Independence B.P. 118 Dakar
Tel: +(221) 823 71 89 Fax:
+(221) 823 93 63 Website: Click
here
Agency
for the Promotion of Investment - APIX 53-54 Rue Mohamed V
Dakar Tel: +(221) 849 05 55 Fax:
+(221) 823 94 89 Website: Click
here Email: Click here
Center
for External Trade P.O. Box 8166 Tel:
+(221) 820 04 54 Fax: +(221) 835 0712
ACCOMMODATION
Senegal is a touristic destination and have plenty hotels rooms in the Capital
City Dakar, serviced to international standards. The better time to visit would
be between December and April when it is cooler and dry, although it is the period
when the country is tempered by the Harmattan desert wind sweeping up huge dust
storms. Below are listed few hotels /links. For more you may consult the Ministry
of Tourism: mtta@primature.sn or
the following link
Hotel
Sanana PO Box 101 Dakar Tel: +(221)
857 11 13 / 857 10 76 Fax: +(221) 857 10 45