Dakar: Senegal has taken a significant step towards improving its business environment with the National Assembly’s approval of the 2025 Investment Code. This move reaffirms the country’s commitment to modernizing its legal and institutional framework, aiming to strengthen its position as one of Africa’s most attractive business destinations.

According to African Press Organization, the new framework was developed through an inclusive process involving broad consultations with government technical departments, the national private sector, and civil society representatives. This participatory approach ensures that the Code is balanced, aligning with competitiveness requirements while safeguarding sustainability and inclusiveness.

The 2025 Investment Code introduces several key features designed to attract investors. It offers stable tax and customs incentives, providing visibility and security for investors, with terms of three years in Dakar/Thiès and five years in other regions. Additionally, it includes new targeted regimes focusing on Strategic Investments and Socially Responsible Investments (SRI). Strengthened guarantees such as capital transfer, currency convertibility, access to raw materials, and mechanisms for dispute prevention and resolution are also part of the new Code.

Senegal’s new Code sends a strong signal of its commitment to providing a competitive, transparent, and secure business climate. It emphasizes promoting national employment, local content, and corporate social responsibility. Bakary Séga Bathily, the Director General of APIX S.A., stated that the Code was designed inclusively, involving consultations with all public and private stakeholders. He invited investors to participate in this transformation process, highlighting Senegal’s dedication to a sovereign, fair, and prosperous future. Bathily also encouraged attendance at the Fii Senegal Forum on October 7-8, 2025, for a detailed presentation of the Code’s benefits.