Apix specifies that Senegal has in no way been excluded by the World Bank from its “Business Ready” (B-Ready) ranking, contrary to information reported in the media.
Contrary to recent information disseminated by certain media, Senegal has in no way been excluded by the World Bank from its “Business Ready” (B-Ready) ranking. “It is essential to re-establish the truth of the facts: the
The World Bank has launched a new business environment barometer entitled “Business Ready”, which replaces the old Doing Business rating. In line with Doing Business, this tool assesses and compares the business environment across different countries around the world. This new rating aims to encourage private investment, create jobs and improve the productivity of economies. The first edition of this assessment tool currently only covers 50 economies selected as part of a pilot phase. Senegal is therefore not “concerned” for this edition, which is normal since the tool will be gradually expanded,” specifies Apix in a press release which reached us yesterday, Wednesday October 9.
By 2026, the source continues, the Business Ready ranking will include nearly 180 economies including Senegal (50 economies for the 2023-2024 edition; 120 economies for the 2024-2025 edition; and 180 economies for the 2025-2025 edition). 2026), including Senegal.
According to Apix, the progressive process allows analysis methods to be adjusted to ensure that the final results will be reliable and relevant. “Indeed, the World Bank has underlined the importance of this deployment in stages, taking into account feedback from the countries included. It is therefore inaccurate to speak of any exclusion of Senegal. The Business Ready ranking will evolve to include new savings and refine its methods. The cli-
“Business in Senegal is the subject of continued attention, and the country remains a major player in discussions around global economic reforms,” reports the source. Still following the press release, APIX SA organized, from September 23 to 27, 2024, a series of meetings with all stakeholders to finalize the collection of responses and stabilize the World Bank questionnaires. “Let us therefore remain cautious when faced with information
mations that are susceptible to misinterpretation and focus on strengthening our business environment for the future,” the document reads.
Furthermore, Apix would like to emphasize that the business environment in Senegal continues to improve, driven by increased attractiveness thanks to the good governance efforts of the new authorities. “These constant efforts illustrate the government’s desire to guarantee a framework conducive to investments, through reforms focused on transparency, administrative efficiency and the simplification of procedures for businesses.
This has contributed to consolidating Senegal’s position among the most attractive destinations for investments in Africa,” the press release said. By way of illustration, Apix notes that in the CE-space
DEAO, Senegal is the first country to benefit from Foreign Direct Investment (FDI), ahead of Côte d’Ivoire (1.584 billion USD) and Ghana (1.473 billion USD), representing 35.40% of total incoming FDI in the zone .
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