« Les tensions politiques ne rassurent pas les investisseurs » : Le cri d’alerte de Lansana Gagny Sakho (PCA APIX)
"The current political tensions do not reassure investors. We must say so," says the Chairman of the Board of Directors (PCA) of the Agency for the Promotion of Investments and Major Works (APIX) bluntly.
Known for his outspokenness, Lansana Gagny Sakho didn't mince words, delivering an uncompromising diagnosis of the direct impact of political tensions on national economic attractiveness.
For him, investor psychology is dictated by the need for visibility and the aversion to risk. Consequently, he warns, the current climate of uncertainty is paralyzing investors' decision-making. "Ask any investor, and they'll tell you: 'We don't know what's going to happen tomorrow.' An investor projects five or six years into the future. They need visibility for five or six years. As soon as they have the slightest concern, they'll look elsewhere," he cautions. This serves as a reminder that capital is only viable if it is guaranteed to be stable.
According to him, Senegal long capitalized on its status as a democratic exception in West Africa. An era now over, he believes. "What people in Senegal forget is that we are no longer the only island of stability in the sub-region. Today you have Ivory Coast, Guinea, and Benin," he points out.
"You have all these countries doing exactly the same work as us: they are reforming their investment code, they have special economic zones (SEZs) and we have the same community market," Dr. Sakho reminded.
In this integrated common market of the WAEMU and ECOWAS where barriers and borders are fading, "the investor will opt for the most plausible situation to work in," he confides.
"That is why it is imperative to calm the social and political climate in this country," concluded Lansana Gagny Sakho.
A message that resonates as a call for responsibility directed at the Executive (led by President Bassirou Diomaye Faye) and the Legislative (managed by former PM, Ousmane Sonko) who are engaged in a veiled confrontation.
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