Housing Finance in Senegal

Overview

This profile is also available in French here.

To download a PDF version of the full 2021 Senegal country profile, click here.

Despite high economic growth in Senegal, reducing poverty and inequality has been disappointing over the past decade. Since 2001, Senegal has had several periods of strong economic growth – including recently between 2014 and 2019, before COVID-19. Growth forecasts initially set at 5.2% for 2021, have been revised downwards to 3.7% for 2021 and 5.5% for 2022. This is mainly due to the resurgence of COVID-19 among Senegal’s main trading partners and the rise in commodity prices.

The social emergency, growing inequality, and lack of prospects for young people, exacerbated by COVID-19, were at the origin of what could be called “the Senegalese protest of March 2021”. These social protests prompted the government to revise its priorities in terms of managing the pandemic and addressing youth unemployment, such as the “Emergency Programme for Youth Employment and Economic Integration.” The amount of this program, spread evenly over the period 2021 to 2023, is 3% of gross domestic product (GDP). The impact of the crisis has also pushed the government to adjust6 its National Development Plan.This new strategy called the Adjusted and Accelerated Priority Action Plan (PAP 2A) 2019- 2023, provides new measures likely to keep the country on the path to development. With a planned investment of CFA935.3billion (US$1.69 billion), i.e., 7.7% of the total cost of the said plan, the urban planning, and housing sector is an essential pillar of PAP 2A.

Find out more information on the housing finance sector of Senegal, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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