Saturday, August 25, 2012

About industry senegal        

Mining

Mining accounts for less than 2% of GDP, but phosphates and derived products account for an estimated 16% of exports (as at 1998). There are large-scale, good-quality iron ore deposits.

Industry ; Manufacturing

The industrial sector contributed around 14.8 per cent to GDP in 1998 and employed 12 per cent of the workforce. Light industries based on the processing of a domestically produced agricultural item predominate. Food processing– primarily groundnut processing - is the most important industrial sub-sector; the textile industry, which produces mainly for domestic consumption, is based on cotton ginning. The only heavy export industries are an oil refinery at Dakar-Mbao, and the fertilizer and chemicals industry that is based on imported sulphur and Senegalese phosphates. State participation in industry is confined to key sectors such as energy and construction, but production is heavily subsidised and protected by tariffs.

Senegal is one of the most industrialized countries in the region, but competitiveness is generally poor, largely because of high production costs, a small domestic market and a cumbersome regulatory environment. Industrial reforms have now been adopted to encourage the viability of public investment projects.

Tourism

The state tourism agency is involved both in promoting the country in Europe and in encouraging foreign investment in the development of further tourist facilities. The government sees tourism as a key, even if neglected, foreign currency earner