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Development of SMEs/SMIs in Senegal: Serigne Guèye Diop reveals a diagnosis of obstacles

13/02/2026
Source : ORISHAS FINANCE
Categories: Sectors

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On Thursday, February 12, 2026, the Minister of Industry and Trade, Serigne Guèye Diop, delivered a diagnosis of the obstacles to development of small and medium-sized enterprises/industries (SMEs/SMIs) in Senegal.

The non-existence of markets for some SMEs/SMIs, the absence of infrastructures in charge of supporting them and of counters intended To them within the banks, are according to the Minister of Industry and Trade: a major obstacle to the development of small and medium-sized enterprises businesses/industries (SMEs/SMIs) in Senegal. He indicated that taxation Senegalese endangers the lives of SMEs/SMIs, who are often asked guarantees that they are unable to provide in return for their financing by banks.

According to him, “more needs to be done trust in SMEs. Too many initiatives fail due to lack of support efficient, lack of markets, lack of adequate infrastructures such as zones industrial or incubators.”

For the Minister, the National Assembly and the The government must “encourage banks to have teller machines reserved for SMEs”.

The Minister of Industry and Commerce maintains, Moreover, that Senegalese taxation is not conducive to development SMEs, which represent the backbone of the economy Senegalese.

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