Côte d'Ivoire provides largest foreign investments in Senegal in Q1 2019

During the first quarter this year, Côte d'Ivoire invested XOF13.51 billion ($23 million) in the Senegalese economy, the largest foreign investment over the period according to the Senegalese National Agency for Statistics and Demography (ANSD).

Other foreign investors are Switzerland, which invested XOF9.08 billion ($15.4 million), Sweden with XOF8.8 billion ($15 million) and China, which invested XOF8.66 billion ($14.7 million).

Most of the Ivorian investments in Senegal were captured by the secondary sector. XOF12.9 billion ($21.9 million) was injected into the construction of an oil mill, XOF580 million ($985,000) into two projects in the packaging industry, and XOF28.4 million ($48,200) was directed into a project on medical imaging.

In total, Côte d'Ivoire provided 10.6% of the total volume of foreign productive investment captured by Senegal, which in turn accounted for 41.5% of the country's investment during the period reviewed.  

Source: Ecofin Agency