Business For Sale Senegal | Business For Sale Listings
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Things to Know About the Business for Takeover Senegal
Senegal is a country in West Africa. The republic shares borders with Mauritania, Mali, Guinea, and Guinea-Bissau. Senegal has a total area of 1,96,712 square kilometers and is home to an estimated 15.6 million people.
Senegal has a nominal GDP of $24.240 billion and has a per capita of only $1,485. It is one of the scarcely developed nations in Africa and the world, however, is known for making efforts to development. The main industries are food processing, mining, and manufacturing of fertilizers, chemicals, petroleum, etc. and tourism. Also, it exports a lot of fish, raw materials for clothing, and groundnuts. The major trade partner is India. The country also has good relations with the UK and the US.
Doing business in Senegal, of course, is full of challenges ranging from lack of developed infrastructures to a shortage of educated workforce and such. However, you still have opportunities given that the government has been trying hard to bring better incentives for FDI. Problems such as scarcity of clean water, high poverty-rate, corruption, etc. exist. Anyway, the market is still diverse, and you can grow with the right plan.
Dakar is the capital and the largest city of Senegal. It is a secular state; anyway, most people follow Islam. French is the official language, and education is compulsory and free until the age of 16, even though it has a low literacy rate.
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