Dakar, Senegal – Fifteen Senegalese small and medium-sized enterprises (SMEs) are set to receive a significant boost in competitiveness thanks to a new investment of 927,402,233 francs CFA (approximately $1.5 million USD as of February 19, 2026) from the Bureau de Mise à Niveau (BMN). The funding, announced on February 17, 2026, is part of the national specific upgrading program (PSN) and aims to strengthen the country’s economic foundation through a more robust private sector.
The BMN also recognized excellence within the Senegalese business community, awarding nine companies with its prestigious Label BMN for achieving exemplary results in their upgrading plans. This initiative underscores the government’s commitment to fostering a thriving SME landscape, a key component of Senegal’s Agenda 2050.
Prior to the official ceremony, a delegation led by the Secretary of State for SMEs/PMI, accompanied by the Director of the BMN and technical teams, visited four beneficiary companies on February 16th. These visits provided firsthand insight into the transformations occurring across diverse sectors, including industry, livestock farming, catering and logistics, demonstrating the dynamism of the Senegalese economy.
Investment Catalyzes Growth and Job Creation
The BMN’s investment isn’t simply a handout; it’s designed to catalyze further private sector investment. Public grants totaling 415,146,417 francs CFA (approximately $677,000 USD) have already leveraged a total investment of 927,402,233 francs CFA from the participating companies themselves. This collaborative approach is expected to generate 76 new decent and sustainable jobs, while simultaneously improving productivity, and competitiveness.
“Each franc CFA of public funding granted by the State is a lever to stimulate and secure private investment,” stated the Director of the BMN, emphasizing the importance of reciprocal commitment from the businesses involved. The program’s success hinges on the dedication, rigor, and ability of these SMEs to capitalize on this opportunity.
Strategic Partnership with Banque Islamique du Sénégal
In a move to further strengthen support for Senegalese businesses, the BMN signed a strategic partnership agreement with the Banque Islamique du Sénégal during the ceremony. This collaboration aims to enhance synergies and provide SMEs with access to a wider range of financial services and expertise.
The fifteen companies selected for support operate in key sectors including agro-food, health, services, construction, and renewable energy. This diverse portfolio reflects the BMN’s commitment to supporting a broad spectrum of economic activity.
Recognizing Excellence: The Label BMN
The Label BMN isn’t just an award; it’s official recognition of success. Awarded to nine companies that demonstrated exceptional implementation of their upgrading plans, the label serves as a model for future entrepreneurs and a testament to the effectiveness of the PSN program. The BMN director described the label as “the official recognition of a success.”
Representatives from the BMN, the United Nations Industrial Development Organization (ONUDI), and the Secretary of State all lauded the quality of the work accomplished and reiterated the strategic importance of the program, aligning it with the goals of the Agenda 2050.
Looking Ahead
The companies participating in the PSN are projected to experience sustained growth in revenue, improved profitability, access to international certifications, and a greater contribution to quality job creation across Senegal. The BMN’s continued support, coupled with the strategic partnership with the Banque Islamique du Sénégal, positions these SMEs for long-term success and reinforces Senegal’s commitment to building a competitive and resilient economy.
What impact will these investments have on Senegal’s broader economic goals? Share your thoughts in the comments below and help us continue the conversation.