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).
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...