Micro, small and medium-sized enterprises (MSMEs) have yet to derive adequate benefit from the positive business and investment climate that began in Senegal in 2014. Even though around 300,000 MSMEs account for 90 per cent of the business enterprises in the country, they have made no significant contribution to economic growth. Ninety-seven per cent of Senegal’s private enterprises operate in the informal economy with most of them not focusing on growth but simply on market survival.
Seeking to increase the capacity of Senegalese companies, the Special Initiative "Decent Work for a Just Transition" in Senegal not only supports companies that offer considerable potential for growth, but also institutional partners such as BMN. With the help of Invest for Jobs, the national institution will now support companies in their modernisation efforts so that they can establish themselves in the market and ultimately expand.
Around 50 companies in the regions of Dakar, Diourbel, Fatick, Kaffrine, Kaolack and Thiès have been identified and will be supported by BMN, which will provide training and equipment. For example, Clinique Lamp Fall in Kaolack will be assisted in acquiring medical equipment, creating an administrative tool, and in training its personnel. Tassette Green Farm, a poultry breeding and tree cultivation farm in Thiès Region, will be provided with an industrial livestock facility and will be supported in the certification of mandatory quality standards.