Our comprehensive assessment of Benin’s operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Benin, as well as the latest industry developments that could impact Benin's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Benin before your competitors.
Benin Country Risk
Annual real GDP growth in Benin will average 5.0% between 2014 and 2023 as consumer spending increases and the country's political stability engenders elevated levels of fixed investment. Nevertheless, a sporadic electricity supply and reliance on cotton production will hold back the pace of economic development.
Benin's political landscape shows little sign of fragility, and will remain one of the most stable, open and accountable in West Africa in the years ahead, enjoined by a free press and a multitude of political parties. Nevertheless, the country faces challenges in the long term such as an overspill of violence from piracy and terrorist activity in the region, and the potential for tribal/ethnic schisms to open.
KEY RISKS TO OUTLK
Benin Industry Coverage (1)
BMI View : Mobile growth in Benin over the last six years has been very strong, but BMI believes that this will decelerate considerably throughout our forecast period. Benin offers scant opportunities for investors, owing to near-saturation of the mobile sector and the challenges involved in rolling out modern wireline infrastructure beyond the major population and business centres. There also seems to be little progress made with the sale of Libercom and BBCom, two of the country's smaller operators. Benin's cabinet has authorised state-backed telecoms operator Benin Telecoms to begin the deployment of 4G LTE wireless technology; this has led BMI to upgrade its 3G/4G forecasts, but we still caution that the uptake would be relatively slow due to the higher cost of data services.