Investment Strategy
FONSIS (Fonds Souverain d’Investissements Strategiques) is Senegal’s sovereign wealth fund, established in 2012 as a key institutional vehicle for implementing the Plan Senegal Emergent (PSE), the country’s comprehensive economic development strategy. The fund manages approximately $1 billion in assets and is expected to grow significantly as Senegal begins producing oil and gas from offshore discoveries.
FONSIS’s investment strategy centers on catalyzing private investment in sectors critical to Senegal’s economic transformation. The fund invests directly in infrastructure projects, agricultural value chains, renewable energy, tourism development, and the digital economy. FONSIS also structures public-private partnerships, serving as a bridge between government development priorities and private capital.
The fund has been actively involved in Senegal’s renewable energy development, including solar power projects that have expanded access to electricity. Agricultural investments target food processing and storage infrastructure to reduce post-harvest losses. Tourism and hospitality investments support the development of Senegal’s coastal and cultural tourism potential. With Senegal’s offshore oil and gas production beginning, FONSIS is positioned to receive substantial additional resources in the coming years.
How to Approach
International GPs and institutional investors should approach FONSIS through the Dakar headquarters. The fund is actively building international partnerships and has signed co-investment agreements with sovereign wealth funds from the Gulf, African development institutions, and European investors. Managers with West African market expertise, renewable energy capabilities, agricultural value chain experience, and infrastructure development track records will find the strongest alignment. FONSIS participates in African and international sovereign wealth fund forums and investment conferences.
Frequently Asked Questions
What is FONSIS?
FONSIS (Fonds Souverain d'Investissements Strategiques) is Senegal's sovereign wealth fund, established in 2012 to attract and catalyze investment in strategic sectors of the Senegalese economy. The fund supports the implementation of the Plan Senegal Emergent (PSE), the country's national development strategy.
What sectors does FONSIS invest in?
FONSIS invests in infrastructure, agriculture and agro-processing, energy (including renewable energy), tourism and hospitality, and digital economy. The fund acts as a catalyst for private investment, structuring public-private partnerships and co-investing alongside international partners. FONSIS has been involved in solar energy projects, agricultural value chains, and real estate development.
How can international investors work with FONSIS?
FONSIS actively seeks international co-investment partners and has established partnerships with sovereign wealth funds, development finance institutions, and private investors from the Gulf, Europe, and Asia. GPs with expertise in West African markets, renewable energy, agriculture, and infrastructure should approach the fund's team in Dakar.
