We want to assist you Invest in Benin, get Business Opportunities in Benin as well as to search for and connect with leading Companies in Benin. We also provide a list of key Government trade advisors who assist you with doing business in Benin and other relevant business information on Benin. Specifically we offer three digital portals that are FREE to use and will be of interest to you…..You can join our Africa Business Community FREE so we can promote your company here. After that if you have a specific investment or business proposition add it to the Africa Business Opportunities Dashboard FREE. Want investment, or to find a business partner, are you selling real estate etc, do you have goods, products or services you want to promote? If so our Africa Business Opportunities Dashboard is for you. View some of the business opportunities uploaded by our Africa Business Community here. Fast growing, more established Benin companies with experienced management teams looking for investment can add themselves to our closed AFSIC African Investments Dashboard – after you have uploaded information about your investment opportunity we can send it directly into the inbox of many of Africa’s most important investors. To benefit from any of these options join our Africa Business Community today FREE !
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Country overview: Benin is located in West Africa. It shares its border with Nigeria on the West, Togo on the East and Burkina Faso and Niger on the North. It gained its independence from France on 1 August 1960. Its constitutional capital is Porto-Novo and seat of government is Cotonou with 12 Administrative divisions. It is a multiparty Presidential Republic with a President sitting as both the Head of State and government. It runs a unicameral national assembly as the legislative arm of the government. The official language is French but other popular local languages include Fon and Yoruba. Christianity and Islam are the predominant religions along with other traditional religion. The legal system is modelled after the French civil law and some customary law. It has an area size of 0.11 million sq km. Benin’s strong points are its strategic location, the country has access to the Atlantic Ocean in the South and serves as a major transport hub for trade with countries in the West African interior that includes Mali, Niger and Burkina Faso couple with sharing a border with Nigeria, Africa’s leading economy.
Demographic Information: Benin has an estimated population of 12.9 million comprising mostly of younger population (less than 25 years) which makes up about 65.9% of the population, those in the age bracket of 25-64 years makes up of about 31.7% of the population and above 65 years age group makes up of about 2.4% of the population. Average population density is estimated at 108 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 63.3 years (Women) and 59.6 years (Men). It achieved universal primary education with a 97.2% Primary enrolment rate in 2018 and overall literacy level of 42.4% as at 2018.
Broad Economic Overview: Benin is stable democracy having achieved political stability in the past 20 years and its economy is heavily reliant on re-exportation and agriculture. It is one of Africa’s largest cotton producers and rich in production of cashews, Palm Oil, peanuts, etc. It has consistently achieved a robust GDP growth in the past 5 years having grown 5% (5yr compound growth) over the period. It offers port services through its privately managed port which accounts for approximately 60% of its GDP. It’s currency is CFA franc which is pegged to the euro and has maintained stable inflation rate over the past years. Main export includes Cotton, palm products, seafood, shea butter, Cashews, textile etc. Major imports include petroleum product, foodstuffs and consumer goods.
Investment Opportunities: Benin has taken several initiatives to attract foreign investment (particularly in the electricity production sector). It recently implemented new reforms to boost investment. Part of the reforms include simplified process of business creation, strengthened legal and judicial framework to secure investments, legally secure PPP framework, introduced multiple tax incentives to support private investments etc. The country is seeking to improve its agricultural productivity, develop its agriculture value chains (cashews, pineapple, cassava, corn, rice, meat, milk) and improve on its electricity and Port infrastructure The following sectors are also growth sectors for investment: Digital Economy and Information and Communication Technologies (ICT), Animal husbandry and fishing, Tourism and Handicrafts, Mines and Hydrocarbons, Tertiary Sector (Commerce-Service – Transport and Logistics) and Construction and building materials sectors.
Invest Benin – Doing Business in Benin Contacts
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Our website contains comprehensive information related to Benin, companies in Benin, Benin trade opportunities, as well as doing business in Benin. It also includes a wide range of information on Africa investors group and information on the best investment opportunities in Africa, how to invest in Africa and where to invest in Africa. It also contains a wealth of information on African Investors and Funds, who Invests in Africa, which investors are relevant to you and how to contact them. This page is designed to help you find your information as quickly as possible.
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Other Information Sources
Unable to find the information that you require? You may want to access the following internet sites to obtain further information on Africa, investing in Africa, African business and African investment opportunities….
African Development Bank: www.afdb.org
African Investments: www.africaninvestments.co
AFSIC – Investing in Africa Event: www.afsic.net
BBC Africa: www.bbc.co.uk/news/world/africa
Investing in Africa: www.invest-in-africa.co
Our team has enormous experience living, working and investing in Africa. We have a comprehensive view on investment opportunities in Africa and Africa’s most important investors and we cover all 54 countries in Africa. As such we should be able to assist you on your query on Africa investors group. Our experience is evidenced by the success of our annual AFSIC – Investing in Africa event which we believe is the largest annual Africa investment event taking place outside Africa, and one of the most important conduits of investment into Africa. More information on us and our team is available here.