Senegal sets up SEZ

Senegal has been praised
by the International
Monetary Fund (IMF) for
a raft of reforms, which
include cancelling the
f lying rights of Senegal
Airlines and setting up the
Dakar Integrated Special
Economic Zone.
The closure of Senegal
airlines was part of an anticorruption
drive, according
to Mitsuhiro Furusawa,
deputy managing director
and acting chair of the IMF
executive board.
In a statement issued
in June he says economic
growth has increased from
4.3% in 2014 to 6.5% in
2016, and is on track to
reach 7-8% through the
implementation of “Plan
Sénégal Emergent”.
As part of the plan the
government has closed five
agencies “with no formal
existence,” in promoting
agricultural development,
has reformed university
scholarships and is phasing
out power subsidies.
According to Invest In
Senegal, the SEZ, which
is situated 45 kilometres
outside Dakar, “goes
beyond the Free Industrial
Zone concept; it will
include an industrial park,
service spaces, offices and
a logistics platform.
“There are plans to later
incorporate a commercial
area, tourist complexes and
residential areas”.