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
Unilever CI shares surged 548% in 2025, reaching a peak market value of CFAF 478 billion. Parent Unilever sold 99.78% to SDTM-CI for about CFAF 24.5...
• Zenith Bank to enter Côte d’Ivoire in 2025, eyes Cameroon next.• $228M capital raise supports Francophone Africa expansion strategy.• Côte...
Visa launched Visa Pay app in Kinshasa on Sept 4. App supports FC/USD payments, transfers, and virtual cards. Five partner banks onboard;...
• Benin unveils green finance framework to mobilize funds for climate initiatives• Ten priority sectors include renewable energy, transport, water, and...
Most Read
01

Over the past two decades, mobile money has grown into a cornerstone of African finance. Driven by i...

Africa’s Mobile Money Boom: A New Frontier for Global Payment Giants
02

On August 31, 2025, the ruling coalition in Benin Republic—comprising the Union Progressiste pour le...

Romuald Wadagni: From High-Profile Minister of Finance to Presidential Candidate for 2026
03

• Tanzania to host investor talks on expanding CNG infrastructure• Government aims to boost CNG use,...

Tanzania Looks to Compressed Natural Gas to Ease Dependence on Costly Oil
04

Nigeria eyes $671m data center market by 2030, seeks Chinese investors. Rising mobile da...

Nigeria Courts Chinese Investors for $671 Million Data Center Market
05

• Lucara secures $10M loan for Karowe underground project• UGP faces delays, costs rise to ...

Botswana Diamond Mine Expansion, Now Costing $683 Million, Faces New Review and Delays
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

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


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.