Senegal Business Directory & List of Companies
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Capital City and 5 Largest Cities in Senegal
Dakar is the capital and largest city of Senegal. It is located on the Cape Verde Peninsula on the country's Atlantic coast. Dakar is the political, economic, and cultural center of Senegal and serves as a major port city.
- Thiès is one of the largest cities in Senegal and is located about 70 kilometers (43 miles) east of Dakar. It is known for its industrial and manufacturing activities.
- Pikine is a populous suburb of Dakar, located just east of the capital. It is known for its residential neighborhoods and vibrant markets.
- Guediawaye is another suburb of Dakar, situated northeast of the capital. It is known for its growing population and urban development.
Saint-Louis is located in the northern part of Senegal near the border with Mauritania. It is known for its colonial history, historic architecture, and position on an island in the Senegal River.
Kaolack is situated in central Senegal and serves as a major transportation hub. It is known for its role in trade and commerce.
Senegal Economy in Figures
- Gross Domestic Product (GDP): In 2020, Senegal's GDP was approximately 25.56 billion USD.
- GDP per Capita: Senegal had a GDP per capita of around 1,534 USD in 2020. This figure indicates the average income per person in the country.
- Agriculture plays a significant role in Senegal's economy, employing a large portion of the population. Key agricultural products include peanuts, millet, maize, rice, and sorghum.
- Services: The services sector, including trade, tourism, finance, and telecommunications, has been growing and contributing to the country's GDP.
- Industry: Senegal's industrial sector includes manufacturing activities such as food processing, cement production, and textile manufacturing.
- Mining and Natural Resources: Senegal has significant mineral resources, including phosphate, limestone, gold, and zircon. The mining sector has attracted foreign investment, and gold production has been a notable contributor to the economy.
- Infrastructure Development: Senegal has invested in infrastructure development, including transportation networks (roads, ports, airports), energy generation, and telecommunications, to support economic growth.
- Foreign Investment: Senegal has attracted foreign investment, particularly in sectors like oil and gas exploration, mining, and renewable energy.
- Tourism: Senegal is a tourist destination known for its cultural heritage, wildlife, and vibrant cities. Tourism has been a growing sector, with visitors exploring destinations such as Dakar, Saint-Louis, and natural parks.
- Currency: The currency used in Senegal is the West African CFA franc (XOF), which is also used by several other West African countries.
- Trade: Senegal's main trading partners include China, France, Nigeria, India, and the European Union. Exports primarily consist of agricultural products and minerals.
- Challenges: Senegal faces economic challenges such as high unemployment rates, income inequality, and the need for diversification of the economy. Additionally, access to quality education and healthcare remains areas of concern.
- Political Stability>: Senegal is known for its political stability and democratic governance, which has contributed to its economic development.
Ten Top Companies in Senegal
- Sonatel (Société Nationale des Télécommunications du Sénégal):
Sonatel is Senegal's leading telecommunications company, providing a wide range of telecommunications services, including fixed-line and mobile phone services, internet connectivity, and data services.
- Sococim Industries is a major cement manufacturing company in Senegal. It produces cement products used in construction and infrastructure development.
- Senelec (Société Nationale d'Electricité du Sénégal):
Senelec is the state-owned electricity company in Senegal, responsible for generating, transmitting, and distributing electricity throughout the country.
- Total Senegal is a subsidiary of the global energy company Total. It operates in the petroleum and energy sector, offering a range of fuel and energy-related products and services.
- Bank of Africa Senegal (BOA Senegal):
Bank of Africa Senegal is a prominent bank in Senegal, providing a variety of banking and financial services, including retail and corporate banking, loans, and investment services.
Sococim Bolloré Terminal is involved in port and logistics operations, including cargo handling and container terminal services at the Dakar Port.
- CBAO (Compagnie Bancaire de l'Afrique Occidentale):
CBAO is a subsidiary of the Attijariwafa Bank Group and is one of the leading banks in Senegal, offering a range of financial services to individuals and businesses.
- BSIC Senegal (Banque Sahélo-Saharienne pour l'Investissement et le Commerce):
BSIC Senegal is a bank that operates in Senegal, providing banking and financial services, including loans, savings, and international banking services.
- Sedima is a prominent Senegalese company involved in various sectors, including poultry farming, agribusiness, and food processing.
- SICAP (Société Ivoirienne de Constructions et d'Appareils de Précision):
SICAP is a Senegalese company specializing in the construction and maintenance of infrastructure, including roads, bridges, and buildings.
Ten Top Banks in Senegal
Société Générale de Banques au Sénégal (SGBS):
SGBS is a subsidiary of Société Générale, one of the largest French banking groups. It offers a wide range of banking and financial services to individuals, businesses, and institutions.
Banque Atlantique Sénégal:
Banque Atlantique Sénégal is part of the Banque Centrale Populaire (BCP) Group, a financial group with a strong presence in West Africa. It provides banking and financial solutions to customers in Senegal.
Banque Internationale pour le Commerce et l'Industrie du Sénégal (BICIS):
BICIS is a subsidiary of the French banking group BNP Paribas. It offers various banking services, including retail banking, corporate banking, and financial solutions for businesses.
Ecobank Senegal is part of the Ecobank Group, a pan-African banking conglomerate. It provides banking and financial services to customers in Senegal, with a focus on retail and corporate banking.
Attijariwafa Bank Senegal:
Attijariwafa Bank Senegal is part of the Attijariwafa Bank Group, one of the largest banking groups in Morocco and Africa. It offers a wide range of financial services, including retail and corporate banking.
Orabank Sénégal is a subsidiary of the Oragroup, a West and Central African banking group. It provides banking services to individuals, businesses, and institutions in Senegal.
Banque de l'Habitat du Sénégal (BHS):
BHS is a Senegalese bank that specializes in housing finance and mortgage solutions. It plays a significant role in facilitating access to housing for Senegalese citizens.
Coris Bank Sénégal:
Coris Bank Sénégal is part of the Coris Bank Group, which operates in multiple West African countries. It offers banking and financial services to individuals and businesses in Senegal.
Banque de Dakar (BDK):
Banque de Dakar is a Senegalese bank that provides various banking services, including retail and corporate banking, trade finance, and digital banking solutions.
Banque Régionale de Marchés (BRM):
BRM is a Senegalese bank specializing in investment banking, securities trading, and financial advisory services. It serves both local and international clients.