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Economy of Benin and business opportunities

Economy of Benin

The economy of Benin remains underdeveloped and dependent on subsistence agriculture and cotton. Cotton accounts for 40% of GDP and roughly 80% of official export receipts. There is also production of textiles, palm products, and cocoa beans. Maize (corn),beans, rice, peanuts, cashews, pineapples, cassava, yams, and other various tubers are grown for local subsistence. Benin began producing a modest quantity of offshore oil in October 1982. Production ceased in recent years but exploration of new sites is ongoing.

A modest fishing fleet provides fish and shrimp for local subsistence and export to Europe. Formerly government-owned commercial activities are now privatized. A French brewer acquired the former state-run brewery. Smaller businesses are privately owned by Beninese citizens, but some firms are foreign owned, primarily French and Lebanese. The private commercial and agricultural sectors remain the principal contributors to growth.

Bank and finance

Benin's financial sector is dominated by banks, and in general remains shallow. However, a series of reforms were undertaken in the 1990s, which resulted in the consolidation of the banking sector and in the privatization of all state banks.

A legal framework regarding licensing, bank activities, organizational and capital requirements, inspections and sanctions (all applicable to all countries of the Union) is in place and underwent significant reforms in 1999. There is no customer deposit insurance system.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Benin"

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This section contains economy and business opportunities and from Benin.
Benin Economy Beninese Economy, business opportunities in Benin.
Summary:
Provide and install Grill PR12499011 April 23, 2024
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
PROCES VERBAL D’ATTRIBUTION PROVISOIRE
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
Posting Date:
24 Apr 2024
 
 
 
Summary:
Works Contract Relating To The Completion Works Of The As Green Transformation Unit In Dessah (Allada)
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Service Contract Relating To The Development And Validation Of A National Strategy For The Identification And Control Of Invasive Exotic Species (Eea) Harmful To Plants And Plant Products In Benin
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
PROCUREMENT AGENT SERVICES
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
RECRUTEMENT DE CABINETS POUR LE CONTROLE ET LE SUIVI PERMANENT DES INFRASTRUCTURES SOCIO-COMMUNAUTAIRES ET SECURITAIRES | RECRUITMENT OF CABINETS FOR THE CONTROL AND PERMANENT MONITORING OF SOCIO-COMMUNITY AND SECURITY INFRASTRUCTURES
Country:
Benin
 
Notice Type:
Prequalification
Deadline:
27 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
CIVIL ENGINEERING COMPANIES FOR THE DEVELOPMENT WORK OF THE TECHNICAL ROOMS OF 17 CENTRALS UNDER THE FRAMEWORK OF THE PDRHD
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
06 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Recruitment of a procurement specialist dedicated to project activities financed by the World Bank
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
03 May 2024
Posting Date:
22 Apr 2024
 
 
 
Summary:
Selection Of A Service Provider For Monitoring The Work Of Carrying Out Multi-Purpose Pastoral Drilling Open New Window
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
20 Apr 2024
 
 
 
Summary:
Purchase Of Materials And Equipment Open New Window
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
19 Apr 2024