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Senegal

EDC Position-restricted select programs

EDC's Position

  • Responsive approach to business
  • Open on a restricted basis under select programs

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Country At A Glance

Flag of Senegal
Map of Senegal

Country Facts

Nominal GDP15.27 Billion USD
Population14.51 Million
Total Trade/GDP74.19%
CurrencyCommunate Financiere Africaine Franc (XOF)
Merchandise Imports from Canada41.49 Million CAD
Main importsFuels, Food, Beverage & Tobacco, Capital Goods

EDC in Senegal

Canadian companies assisted16
International buyers insured20
Business volume5.12 Million CAD

Business Environment

Canada has an established and growing trade and investment relationship with Senegal. Senegal's economy has been growing and the market conditions are improving and are considered fairly open, with an economy dominated by a few strategic sectors, including groundnuts, fisheries and services. Some investments have been made in Senegal’s infrastructure (roads, ports, airports), but the energy sector is still in need of investment. Senegal is considered a hub for the francophone West Africa, and many international banks are present. We see very good export and investment opportunities across a wide range of sectors that match Canadian capabilities.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Forestry (Lumber, Pulp & Paper)
  • Machinery - Packaging, Industrial & Analytical Instruments
  • Mining & Metals
  • Power

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Senegal.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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