Country profile Senegal

Number of Dutch companies active: 20+
Population: 17 Million
Area: 196,722 km² (4.7 times the size of the Netherlands)
GDP growth: 5,2% (2019)
Head of state: President Macky Sall


NABC and Senegal

NABC organised a webinar about doing business in Senegal on June 25th, 2020. The recording is available via our YouTube channel.

Energy Masterclass

In April 2019 NABC accompanied 4 Dutch companies in the Oil and Gas Sector (Heerema, Boskalis, Fugro and WTS Energy) for a Energy Masterclass in Dakar, Senegal. The Masterclass was organized in collaboration with the Institut National du Pétrole et du Gaz (INPG).

Senegal, Cabo Verde, Guinea Conakry Business Day

In January 2017 NABC organised in collaboration with the Embassy of Netherlands in Dakar and RVO a business seminar to present business opportunities in Senegal, Cabo Verde and Guinea Conakry.  The Dutch Ambassador in Dakar, the investment promotion agencies from these countries as well as consultants shared their experiences/expertise of doing business. The event attracted over 100 participants.

Trade missions

The most recent NABC trade mission to Senegal (Dakar) took place in 2017. It was a multisector trade mission focused on Maritime, Energy, Agribusiness and Tourism. The mission program included matchmaking B2B, G2B and company visits per sector.

In September 2013 the first ever multi-sectorial trade mission was realised in cooperation with the Dutch embassy in Dakar, Senegal and the Royal Netherlands Navy. 25 companies from a variety of sectors participated in this mission.

Investment climate

Senegal offers a stable political environment, relatively good infrastructure, strong institutions, and a favourable geographic position. This creates an attractive set of opportunities for foreign investment. The Government of Senegal welcomes foreign investment and has prioritised efforts to improve the business climate. Senegal’s macroeconomic environment is stable. Indeed, the country is following ‘the plan Senegal emergent’ or emerging Senegal plan aiming to foster economic development, raise investment in crucial sectors and improve infrastructure. The country has the goal of becoming the regional hub for services, industry and logistics. Investments opportunities lie mainly in the maritime sector, the energy sector, agriculture and renewable energy.  Markets that are on the rise are the internet and tele-communication sector. Most opportunities are in the agricultural sector which is the activity of more than 60 percent of employed people


Challenges in the Senegal investment climate environment are that foreign investors can face bureaucratic challenges when setting up a business or doing investments. This challenge is reflected in the ease of doing business index of the country: 123/ 190 in 2020 (according to the World Bank). For instance, the slow settlement of commercial disputes can be a hurdle to investment. 

Besides, there are other investment challenges such as an unpredictable tax administration, a weak and inefficient judicial system alongside low access to financing.

However, the Senegalese Government is improving its business climate to raise its ranking in this aspect. Furthermore, the Government of Senegal continues to implement measures to reduce the cost of setting up a business.

New gas fields are still being found in Senegal. The expected supply is from 2022 onwards, after which the economic growth will increase and energy is expected to become cheaper faster in Senegal.


Diplomatic relations



The Netherlands is represented in Senegal via its Embassy in Dakar led by Ambassador Ms. Joan Wiegman
More information:



Senegal is represented in the Netherlands via its embassy in The Hague, led by Ambassador Mr. Momar Gueye.

Presence of Dutch companies

There are currently around 20 Dutch companies active in Senegal

Femke Dekker