Senegal rises as FDI hub
Beyond Borders
The latest news and analysis on cross-border investment
April 24, 2025
Welcome everyone to a new issue of Beyond Borders.
Do you believe the demise of globalisation and foreign investment has been wildly exaggerated? You are in the right place. This week we called at Dakar, Senegal. The lively west African country remains on a growth trajectory as it leverages relative internal stability, improving soft and hard infrastructure and newly-discovered oil and gas resources, as our contributor Hassan Jivraj reports. Next stop, Tripoli, Libya. So far, the post-Gaddafi era has been fraught with troubles for the oil-rich North African country, which has been divided between rival administrations since 2011. For years, Libya was too much of a gamble for most foreign investors. Things may be slowly approaching a turning point, Jack Jeffery reports, as the state-oil company launches a bidding round for new exploration licences and some early FDI projects in manufacturing engender the promise of growth and, perhaps, stability. Lastly, don’t miss Danielle’s piece on Dallas boosting its finance credentials to become an alternative to New York for companies willing to raise capital in the public market.
That’s it for this week. We love to hear from our readers, get in touch at jacopo.dettoni@ft.com.
| Development of infrastructure and hydrocarbons boost the country’s investment appeal |
| Libya’s NOC launched bidding for oil contracts, aiming to boost production and investment |
| Dallas is the US’s new capital markets hub, and changing ESG standards boost its prospects |
| HOT TAKE WITH MANUEL TOVAR |
| Manuel Tovar is the minister of foreign trade of Costa Rica |
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