Senegal aims to surpass $3bn FDI as Invest Forum 2025 kicks off Tuesday

The New Diplomat
Writer

Ad

Sanae Takaichi Shatters Glass Ceiling, Becomes Japan’s First Female Prime Minister

By Abiola Olawale ​Sanae Takaichi officially made history on Tuesday, October 21, 2025, by being elected as Japan's first female prime minister following a parliamentary vote. Takaichi, an ultraconservative leader of the Liberal Democratic Party (LDP) secured the top post after a coalition deal with the right-wing Japan Innovation Party (Ishin no Kai). The 64-year-old…

PDP To Know Fate on Oct 31 as Court Delivers Judgment on National Convention

By Abiola Olawale The political landscape of Nigeria's main opposition party, the Peoples Democratic Party (PDP), remains suspended in uncertainty as the Federal High Court in Abuja has set October 31 as the date for judgment in the contentious suit challenging the party’s planned national convention. ​The high-stakes ruling, which follows the conclusion of legal…

Ad

By Obinna Uballa

Senegal says it is set to showcase its ambitions as a rising investment hub when the Forum Invest in Senegal 2025 (Fii Senegal 2025) opens on Tuesday in Diamniadio, with the government aiming to build on nearly $3 billion in foreign direct investment (FDI) recorded in 2024.

The high-level gathering, held under the patronage of President Bassirou Diomaye Diakhar Faye, comes at a pivotal moment as the country prepares for its first natural gas exports, which are projected to help drive economic growth of 8.4% in 2025, a statement from the organisers said on Monday.

“Senegal is positioning itself as a crossroads between Africa and the rest of the world, a gateway for attracting capital, technology, and expertise,” said Bakary Séga Bathily, Director General of APIX, the state agency in charge of investment promotion and major infrastructure projects.

With the theme “Connecting opportunities, building the future,” the forum will spotlight strategic projects across three key sectors:

Energy: Development of the Yakaar-Teranga gas fields, alongside investments in solar and wind power, to establish Senegal as a regional energy hub and cost-competitive electricity provider.

Infrastructure: Flagship ventures such as the $1.2 billion Ndayane Port, the Dakar-Bamako transport corridor, and major water supply projects aimed at boosting logistics and ensuring resource security.

Digital: Expansion of a sovereign cloud, a national data centre, and targeted support for fintech, AI, and cybersecurity startups to diversify the economy beyond traditional sectors.

Officials are betting on Senegal’s political stability, strategic location with access to 400 million consumers across ECOWAS, and a raft of new regulatory reforms, including a revamped Investment Code, Startup Act, and a strengthened public-private partnership system, to further entice global investors.

“Fii Senegal 2025 is more than a forum, it’s a signal to global markets. Senegal seeks to position itself as a key player in Africa’s transformation, guided by transparency, innovation, and sustainability,” Bathily added.

Authorities hope the 2025 forum will go beyond big announcements, converting pledges into bankable projects that will accelerate the country’s economic transformation.

Ad

X whatsapp