Benin, in West Africa, is one of the most politically stable countries in the region but is ailed by multiple development and economic factors. Largely dependent on agriculture (55% of the active population is engaged in agriculture), the economy wants mechanization, proper rainfall and low-cost agricultural inputs. Despite the negative factors, cotton cultivation brings in 40% of foreign exchange. Benin is the 2nd largest producer and 3rd largest exporter of Shea in West Africa. Around 20% of the total industrial palm oil production occurs in the country and most of it is exported. In 2018, it was the largest producer and exporter of palm oil from West Africa. China and India hugely invest in palm oil from this country. It is also one of the largest producers of cement in the world. Talk to a Benin sourcing agency to know in detail about the opportunities of investing here.
