Senegal is located on the western part of the continent and is considered as one of the most stable economies in Africa. The country is abundant in oil, natural gas, and mineral resources. Senegal is working on its strategic plans to reduce the socio-economic after-effects of the Covid-19 pandemic with the aim of boosting sustainable growth.
With the development of the economy, many organisations consider of expanding their business strategy, including their HR outsourcing plans. This is where Africa HR Solutions can help with your employment outsourcing strategy. Our Senegal HR outsourcing services consist of Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing and other ancillary solutions, with the aim to help companies establish themselves in Senegal even if they do not have a legal entity yet.
Country Profile - Senegal
Population: 15.9 mn
Gross Domestic Product (GDP): $24.91 bn
GDP Growth: 6.8%
Foreign Direct Investment (% of GDP): 2.6%
Unemployment Rate: 6.5 %
Currency: West African CFA franc
Senegal is known to be a stable country for a long time and is part of the West African Monetary Union (WAEMU). The country is rich in oil and natural gas reserves as well as other minerals such as gold, phosphate, platinoids, iron, and barite. Senegal is a diversified economy and imports energy and food. It has a high population growth and receives support from various international bodies such as the IMF.