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Beninese private sector: the African Development Fund approves $28 million

27/11/2025
Source : ORISHAS FINANCE
Categories: Sectors

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On Monday 24 November 2025, the Council Board of Directors of the African Development Fund approved funding additional $28 million for Benin in order to continue the Economic Governance and Sector Development Support Programme private (PAGE-DSP).

The African Development Fund envisions through this financial support to increase the contribution of the Beninese private sector to the economy. This financial support aims to increase the sector's contribution. private Beninese to the economy. More specifically, it aims to improve the business climate, to strengthen special economic zones, to support the agro-industrial sector and improve climate resilience.

According to Robert Masumbuko, director of Group of African Development Bank in Benin. , “this additional funding completes the exemplary implementation of both first phases of the program by the government of the Republic of Benin”.

In terms of expected results, the program aims to contribute to the achievement of convincing results by 2025: a increase in private investment to 35.5% of gross domestic product (GDP) in 2025 (compared to 29.9% in 2022); an increase in the amount investments in the Glo-Djigbé special economic zone in 23 billion CFA francs, about 40.5 million dollars (compared to 11 billion CFA francs, or about $19.3 million in 2021); and an increase in the added value of industries agri-food to 7.7% of GDP in 2025 (against 6.1% in 2022).

for Ammar Kessab, senior program manager at the African Bank of development, “this program consolidates the results of both first phases, which totaled approximately $100 million.

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