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.