The Strategic Investment Fund of Senegal was authorized by Law 2012-34 of 31 December 2012. FONSIS S.A. was established in July 2013 as a private limited company governed by the Uniform Act governing commercial companies and economic interest groups (EIG) of the Organisation for the Harmonisation of Business Law in Africa (OHADA). The Strategic Investment Fund of Senegal began operations in 2014.

FONSIS adheres to the Santiago Principles, which set out the operating rules for the largest international sovereign wealth funds. FONSIS is a member of:

• the International Forum of Sovereign Wealth Funds (IFSWF),
• the African Sovereign Investors Forum (ASIF),
• AVCA (African Private Equity and Venture Capital Association),
• the African Private Equity and Venture Capital Association, and
• the One Planet Sovereign Funds (OPSWF) initiative, which brings together sovereign wealth funds to invest in accelerating the energy transition.

FONSIS is the government’s sovereign investment fund for strategic projects developed in partnership with the private sector. It plays a catalytic role in attracting private capital to support high-impact initiatives that drive Senegal’s economic transformation. FONSIS also manages the State’s strategic assets with a focus on long-term value creation and sustainable profitability.

For FONSIS, the investments made must translate into sustainable, positive socio-economic impacts on the populations and the environment. FONSIS has adhered to the standards relating to its status as a sovereign investor, in particular the Santiago Principles, and to the agreements signed by Senegal, including the Paris Agreements and the Sustainable Development Goals (SDGs).

Its approach is based on a set of values that are put into practice on a daily basis: 

•   Impact 
•   Determination 
•   Ethics
•   Excellence