In terms of foreign direct investment (FDI), the report presented by the United Nations Conference on Trade and Development UNCTAD 2024 places Senegal in pole position. According to the information, Senegal is ranked first in West Africa with 2641 (million SUUS). It is followed by Nigeria which obtained 1873 million (SUS), Ivory Coast occupies third place with 1753 million (Sus) and Ghana with 1354 (million Sus). On the other hand, Egypt recorded an investment volume of 9841 million, US, South Africa 5233 million Us, Ethiopia 3263 million Us. Which is to say that the business environment is therefore increasingly attractive in Senegal even if recent global conflicts and crises have disrupted the usual investment patterns, leading to unstable investment relationships and limiting the chances of benefiting from strategic diversification.
The study reveals that “the share of FDI projects in least developed countries (LDCs) fell from 3% in the mid-2010s to just 1%. Furthermore, FDI in low- and lower-middle-income countries has declined by a third over the past two decades.”
Thus, “the 2024 report recommends immediate action to ensure that the benefits of investment are distributed more equitably and are aligned with overarching development objectives.
