Senegal Report 2023

Senegal’s fiscal outlook and economic profile will change dramatically from 2023, when its hydrocarbons sector is poised for take-off, as several major projects approach completion. The West African country will become one of the primary beneficiaries of foreign direct investment into Africa. During this tight timeline for transition, Senegal’s state companies will require credit support solutions to finance both imports and exports, in anticipation of future revenues from the oil and gas sectors.

‘‘We believe Senegal is set to be one of Africa’s biggest success stories. As the country embarks on a new path of significant growth and investment in hydrocarbons, we see opportunities to provide solutions in commodities, trade credit and procurement to help Senegal achieve its ambitions.’’ MARIEME NIANG CAMARA – Managing Director, Africa, Axendo