In an exclusive interview with Forbes Africa magazine, Bakary Séga Bathily, general director of the Agency for the Promotion of Investments and Major Works of Senegal (APIX), discusses the strategic role of the agency in the economic development of Senegal . Appointed at the head of APIX since May 13, 2024, this specialist in project management, deeply rooted in the history of this institution, details the priority axes of the National Transformation Agenda “Senegal 2050” and the necessary reforms to boost foreign direct investment (FDI) and strengthen strategic partnerships with the local private sector.
Under the leadership of President Bassirou Diomaye Faye, Senegal launched the National Transformation Agenda “Senegal 2050” on October 14, 2024. This framework is based on four strategic axes: Competitive economy, quality human capital and social equity, sustainable planning and development, good governance and African commitment.
These pillars aim to make Senegal a sovereign and prosperous state, by responding to the major challenges of the moment. Among them are the development of an endogenous economic model, the promotion of technological innovation and good governance.
“APIX plays a central role in the implementation of this agenda, by formulating reforms to improve the business environment, support the local private sector and attract more foreign investment,” explains Bakary Séga Bathily.
One of the flagship initiatives led by APIX is the creation of Zones Developed for Investment (ZAI). These zones aim to support small agricultural, commercial and industrial businesses by guaranteeing them access to secure land.
“The ZAIs will be spearheads for an endogenous and sovereign Senegalese economy,” specifies Mr. Bathily. These zones, developed in partnership with the National Agency for Regional Planning (ANAT), will promote the creation of local jobs and the exploitation of the economic potential of the different regions.
APIX also emphasizes key reforms to boost investment. Among them: The revision of the investment code to integrate the strategic orientations of “Senegal 2050”. Updating the law on local content to better regulate partnerships with national companies. The operationalization of public-private partnerships (PPP) to finance large projects. Improving the labor code to attract more investors.
These reforms, combined with initiatives such as the Program to Improve the Competitiveness of Territories and Companies (PACTE), will provide a framework for reinforced dialogue between the State and the private sector.
APIX continues to play a leading role in the country’s major infrastructure projects, including the Regional Express Train (TER) and Special Economic Zones (SEZ).
At the same time, a specific strategy is being finalized to promote opportunities in the hydrocarbon sector, considered an engine of growth with high added value.
APIX also works to simplify administrative procedures for investors in the agricultural sector, while facilitating access to land. A platform for connecting local entrepreneurs and foreign investors is being developed to maximize joint venture opportunities.
To conclude, Bakary Séga Bathily invites investors to consider Senegal as a land of opportunities. “With its political stability, its commitment to reforms and its modern infrastructure, Senegal positions itself as an essential destination for investments with high added value,” he says.
APIX, pillar of the country’s economic transformation, stands ready to support each project, thus strengthening the trajectory of a sovereign, just and prosperous Senegal guided by the National Transformation Agenda “Senegal 2050”.
