May 13th 2019
2019 IS SET TO CONTINUE WITH GROWTH
Benin has some strengths boosting growth. First of all, country has one of the most stable democracy in Africa, then has a very strategic position with a direct access to sea for hinterland countries. Finally has a good support from donors like ODA, HIPC and MDRI. On the other side, Benin has also some weaknesses, like high poverty, small export base linked to cotton fluctuations, poor electricity supply, terrorists threats from Nigeria, as well as impact from Nigeria policy decisions.
‘Revealing Benin program is focused on development plans. Flagship public projects are the new airport of Glo-Djibé and the extension of the port of Cotonuo. Then, new legislations for private sector is concentrate in improving the business environment. Cotton production, around 50% of the total exports, is expected to increase in 2019 thanks also to favorable international prices. It’s also expected an increase in the flow of Nigerian workers. Inflation will remains quite low, regardless increase in price of exported products.
Government will continue to reduce budget deficit and continue a fiscal consolidation.
Top export destinations: Top import origins are:
1) India 31% 1) China 44%
2) China 14% 2) India 11%
3) Mali 12% 3) Malaysia 6.6%
4) Lebanon 11% 4) US 4.8%
5) South Korea 4.2% 5) France 4.7%
SkyMinder is the worldwide CRIF platform helping you to take decisions based on high quality information. If you are required to evaluate a business partner in Benin or in country dealing with companies in Benin, a customer or a supplier, during a risk evaluation process or for compliance requirements or a cyber risk assessment, SkyMinder is the right solutions.
Credit Reports: reports with information related to all companies in Benin, including firmographics, credit limit, risk indicator, management, shareholders, negative events etc. Credit Reports are available in Slim format too.
Planned revision services: possibility to plan in advance full revision of Credit Report and understand if scenario is stable or something changed.
Compliance Reports: reports with different level of details useful for compliance purposes, from shareholders identification (KYC and KYS) to Anti Bribery and Money Laundering lists checks.
KYND Cyber Risk Report: analizes up two web sites to a company assessing the level of cyber risk.
With SkyMinder you can easily access to the most valuable information from the highest quality local providers in a global layout. Our strengths are: worldwide data availability, attention to market needs, focusing on strategic and helpful information, country specificity with observance of specific rules in terms of data availability; risk level and credit limit always available.
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