Senegal

Political relations

Relations between Senegal and France are close and multi-faceted, and political leaders from the two countries meet often. Senegal is the only sub-Saharan African country with which France holds an intergovernmental seminar every year (alternating between Dakar and Paris).

Economic relations

France is the leading investor in Senegal and its number one trading partner. France posted a trade surplus totalling €834.2 million in 2016.

With more than 78% of FDI stock (€2.2 billion in 2015), France remains the top investor in Senegal.

Despite a still-+difficult business environment, Senegal presents interesting investment opportunities for French companies. These companies play a significant role in the country’s economic vitality, accounting for 25% of GDP and tax revenues.

The recent discovery of hydrocarbons (gas and oil fields in 2014) could change Senegal’s economic situation in the coming years. TOTAL, already working in Senegal in the area of distribution, is establishing its position in exploration and production with the signature on 2 May 2017 of a deep offshore exploitation agreement.