Public Management

Benin: Govt unveils agricultural financing plan for 2021-30

Benin: Govt unveils agricultural financing plan for 2021-30
Thursday, 11 November 2021 14:00

The government of Benin unveiled the strategy it has set to finance the agriculture sector from 2021 to 2030. The plan was revealed during the Ministers’ Council held yesterday November 10.

This roadmap aims to help all players in the various agricultural value chains access financial services. In Benin, like in most African countries, accessing financing is a headache. According to the government, implementing such a plan will boost the competitiveness of farms and bolster the creation of small and medium-sized enterprises. The implementation requires CFA220 billion investment.

In detail, CFA5.25 billion will be used to strengthen the regulatory and institutional environment for agricultural financing, CFA212.5 billion will go for the establishment of permanent support mechanisms for the agricultural sector and CFA2.2 billion will strengthen support for producers’ organizations and agricultural enterprises. "The objective in developing this strategy is to tap into the agricultural potential of our country and to derive substantial revenues for the benefit of the national economy. Such an instrument would strengthen the interventions of the State as well as private sector partners and financing institutions in a coordinated, harmonious and sustainable way," the statement reads.

As a reminder, agriculture generates 30% of Benin's GDP and 70% of total employment according to data from the International Fund for Agricultural Development (IFAD).

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank...
BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market. Cameroon raised $359.3 million via a...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
03

• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...

Burkina Faso: Vista Group Acquires Controlling Stake in Société Générale
04

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
05

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.