发布时间：2022-06-06 10:03:06 文章来源：Africa Investments（业务四部转载）
Country overview: Benin is located in West Africa. It shares its border with Nigeria on the West, Togo on the East and Burkina Faso and Niger on the North. It gained its independence from France on 1 August 1960. Its constitutional capital is Porto-Novo and seat of government is Cotonou with 12 Administrative divisions. It is a multiparty Presidential Republic with a President sitting as both the Head of State and government. It runs a unicameral national assembly as the legislative arm of the government. The official language is French but other popular local languages include Fon and Yoruba. Christianity and Islam are the predominant religions along with other traditional religion. The legal system is modelled after the French civil law and some customary law. It has an area size of 0.11 million sq km. Benin’s strong points are its strategic location, the country has access to the Atlantic Ocean in the South and serves as a major transport hub for trade with countries in the West African interior that includes Mali, Niger and Burkina Faso couple with sharing a border with Nigeria, Africa’s leading economy.
Demographic Information: Benin has an estimated population of 12.9 million comprising mostly of younger population (less than 25 years) which makes up about 65.9% of the population, those in the age bracket of 25-64 years makes up of about 31.7% of the population and above 65 years age group makes up of about 2.4% of the population. Average population density is estimated at 108 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 63.3 years (Women) and 59.6 years (Men). It achieved universal primary education with a 97.2% Primary enrolment rate in 2018 and overall literacy level of 42.4% as at 2018.
Broad Economic Overview: Benin is stable democracy having achieved political stability in the past 20 years and its economy is heavily reliant on re-exportation and agriculture. It is one of Africa’s largest cotton producers and rich in production of cashews, Palm Oil, peanuts, etc. It has consistently achieved a robust GDP growth in the past 5 years having grown 5% (5yr compound growth) over the period. It offers port services through its privately managed port which accounts for approximately 60% of its GDP. It’s currency is CFA franc which is pegged to the euro and has maintained stable inflation rate over the past years. Main export includes Cotton, palm products, seafood, shea butter, Cashews, textile etc. Major imports include petroleum product, foodstuffs and consumer goods.
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