Youga Sow, ex-DG SOCOCIM : « L’économie sénégalaise ne respire pas »
On the set of RFM's "Grand Jury" program on April 12, 2026, Youga Sow, former CEO of the Société Commerciale du Ciment (SOCOCIM), observed a worrying situation in the Senegalese economy. He believes the difficulties in the construction and public works sector and the cement industry reflect a deeper malaise.
"What is happening in the cement and construction industries is a symptom of an economy that is not breathing," he said.
Mr. Sow is the managing director of the business strategy firm Advise Africa, specializing in mining, energy, infrastructure and industrial investment projects in Africa.
In this capacity, he notably highlights the slowdown in investment, both public and private. "I don't see any major structuring projects today, nor a strong influx of foreign investors," he laments.
The former head of SOCOCIM also emphasizes the loss of confidence among investors who "do not like uncertainty, ambiguity, or sudden changes in rules."
The consequence, according to Mr. Sow, is a cautious wait among economic actors. "There was euphoria when the new regime came to power, but today many are observing and waiting," he notes.
Youga Sow also warns of the risk of falling behind if this situation persists. "If you miss investment cycles, other countries capture them. And it becomes difficult to come back afterwards," he cautions.
To get things going again, he believes it would be necessary to restore a climate of trust and revive structural investments.
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