New oil along the West African coast: seven lessons for investors
Long known as a base for diplomats, NGO workers and French families, the Senegalese capital Dakar is now showcasing its hospitality to a new type of guest. The changes are so far too discreet to be called a transformation. But a new crowd comprising English-speaking, international businesspeople is becoming increasingly visible in the city’s upmarket hotels and restaurants. Although they come from diverse destinations, they are united by what has brought them here: two offshore oil and gas discoveries in 2014 and 2015, and Senegal’s newfound status as one of Africa’s most exciting investment prospects.
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