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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"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Benin from all over the world..

This section contains economy and business opportunities and from Benin.
Benin Economy Beninese Economy, business opportunities in Benin.
Summary:
Recrutement d'un Bureau d’Etudes Techniques (BET) pour la surveillance et le contrôle des travaux de construction et équipement de six (06) Ecoles de Métiers (EM).
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
03 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Recrutement d'un Bureau d’Etudes Techniques (BET) pour la surveillance et le contrôle des travaux de construction et équipement de sept (07) nouveaux Lycées Techniques Agricoles (LTA).
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Recruitment of a Technical Control Office (BET) for monitoring and controlling the construction works of six (6) trade schools (EMN, EMEDD, EMEA, EMAEI, EMBTP, EMMBA).
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
03 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Recruitment of a Technical Study Office (BET) for monitoring and controlling the construction work of the 07 new agricultural technical high schools (LTA).
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Selection Of An Implementation Provider Open New Window
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Services Contract Relating To The Establishment Of An Electronic Wallet “Agriwallet” To Support The Digitalization Of Payments Within The Clusters Of The Rice Sector In The South Of Benin, And The Clusters Of A Sector Of The Development Pole Agricultural 4
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
16 Apr 2024
 
 
 
Summary:
Carrying Out An Environmental And Social Impact Study Open New Window
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Creation Of Pastoral Drillings For Multiple Purpose Open New Window
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Acquisition of internal servers for applications separated from the National Datacenter as well as associated storage bays (procedure continued)
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
13 Apr 2024
 
 
 
Summary:
Acquisition of small businesses and establishment of a database for the benefit of the CAPR
Country:
Benin
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
13 Apr 2024