About industry senegal
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.
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