AGP Executive Report
Last update: 4 hours agoGrowth Outlook: The IMF projects Benin’s economy will grow 7% in 2026, placing it fifth among sub-Saharan Africa’s fastest-growing economies, with port upgrades, cotton and GDIZ processing supporting momentum. Fuel Supply: The government says reserves cover three to six months, but queues persist as consumers shift from informal sellers to petrol stations, straining the official network. Trade Corridors: Benin, Nigeria and Cameroon are working with Afreximbank on border upgrades, including digital customs links and improved facilities along the Sèmè-Kraké corridor, to speed regional trade. Development Finance: Benin has secured 249.5 billion CFA francs from the Islamic Development Bank and BADEA for roads, agriculture and energy. Tourism: Cotonou will host the first African Black Travel Summit in 2027, aiming to draw tourism businesses and connect with diaspora markets. Local Products: A Cotonou market campaign challenges shoppers to fill a basket with Beninese goods, with its next stop in Porto-Novo.
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