FONSIS invests in equity and quasi-equity in projects with high potential for economic growth and job creation and wealth creation.Projects can vary in size, ranging from PME to large, large-scale structuring projects. Indeed, under the 2012-34 law establishing its creation, FONSIS is required to dedicate up to 20% of its resources to an investment capital fund dedicated to Senegalese SMEs.

FONSIS invests mainly in the strategic sectors defined in the Senegal Emergent Plan (PSE), namely:

  • agriculture
  • Fishing products 
  • Infrastructure
  • logistics and industrial hubs
  • Energy
  • social housing
  • mines 
  • services: IT, education, health, business park and tourism

Unlike private equity funds that require internal rates of return (IRR) of 20-25%, FONSIS invests in projects that enable it to achieve a net minimum IRR of 12%.As part of its investment strategy, FONSIS is expected to play three main roles:

  1. «FONSIS Developer» : development of strategic projects and search for partners by call for expressions of interest.
  2. «FONSIS Co-investor» : taking a stake in projects received on spontaneous proposals from entrepreneurs, investors, or technical and financial partners.
  3. « FONSIS Restructuring» : restructuring of state-owned enterprises or the private sector.

FONSIS supports project owners on a defined investment horizon ahead of capital entry. Depending on the project and areas of intervention, it can range from five (5) to twelve (12) years. 

  • transfer to project proponents transfer to another project partner or third party (by promoting the development of the national private sector)distribution of special dividends by raising debt IPO
Anglais