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Browsing: Energy in Senegal
- The governments of Senegal and The Gambia are tapping on revenue from energy and tourism to grow their economies.
- Senegal is strategically using energy projects to catalyze the growth and redevelopment of tourism destinations.
- By leveraging tourism earnings, The Gambia seeks to fuel infrastructure development and catalyze its overall economic growth.
In Senegal and The Gambia, the intersection of the energy and tourism industries presents a unique opportunity for sustainable development and economic growth. The country is strategically utilizing energy projects to not only meet its increasing energy demands but also to catalyze the growth and redevelopment of potential tourism destinations.
Blending energy and tourism sectors in Senegal
A prime example of this synergy is the Sandiara Special Economic Zone (SEZ), which incorporates a gas-to-power and solar facility, positioning itself to power tourism hotspots along the country’s scenic southern coast.
One such destination is Mbodiene, a picturesque fishing village located …
Oil and gas exports from Senegal are scheduled to begin in earnest in 2023, spelling a new dawn for the economy of the West African country, popularly renowned as the ‘Gateway to Africa,’ located in the western most point of the continent. The Grand Tortue Ahmeyim (GTA) LNG gas project, will be a game changer for the country, radically transforming its economy, which is projected to register robust growth in 2023, outshining other countries in the Sub-Saharan Africa. According to the recent World Economic Outlook forecast by the International Monetary Fund (IMF); Senegal’s economy will grow by 8.1 per cent in 2023, against the projected Sub-Saharan African growth of 3.7 percent.
In reiteration, the Africa Economic Outlook (AEO) published by the Africa Development Bank (AfDB), indicates that Senegal’s economy has decelerated in 2022 to 4.6 percent, but is estimated to accelerate to 8.2 percent, due to public and private investments …