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Best Business Opportunities in Benin, Africa - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Why Reasons to Start A Business in Benin

For foreign exchange revenues, GDP is mostly geared toward export. Marble, limestone, and salt are examples of other natural resources. Benin's significant industries include: Agriculture, mining, manufacturing, and tourism are some of Benin's key sectors. Agriculture generates more than half of GDP and employs 80% of the workforce. Cotton, cocoa beans (the world's largest producer), cassava (the world's largest producer), rice (the world's third-largest producer), and corn are all major crops farmed in Benin. Benin's biggest exports include: Coffee, cocoa beans, palm kernels, cotton lint, and rubber are among Benin's top exports. You must have a strong entrepreneurial spirit and be willing to work hard to start a business in Benin. You'll also require good communication skills and a decent command of the French or English languages, as they are the two most commonly used languages.

 

What are The Natural Resources in Benin?

Manganese, limestone, marble, and phosphates are among Benin's natural resources. Many of these minerals can be found in the country's beaches and at its border with Burkina Faso (which has manganese mines). In fact, France purchased practically all of its manganese from within its boundaries during colonial times (when it was known as Dahomey). Still, there are a lot of unexplored potentials, particularly in terms of offshore oil reserves, and discoveries might help enhance exports and fuel development. Benin, for example, has made great progress in its oil sector, with growth rates increasing dramatically in recent years as a result of these efforts.

 

What are The Business Opportunities in Benin?

Entrepreneurs will find Benin to be a stimulating environment. The economy of the country has developed dramatically in recent years, with a GDP growth rate of over 7%. Before starting a business in Benin, you should be aware of some of the most prevalent business concerns. If you're thinking about starting your own business but haven't considered Benin, you should reconsider. Now is a perfect moment to start a business in Benin, with an effective government that is always working to make its economy more conducive for foreign business owners and a low-to-no taxes structure that makes it inexpensive for new firms. Many foreign corporations have recently established operations there, owing to the country's stable political and economic climate.One of the most significant advantages is, of course, the absence of tax. Benin does not have a government. Personal and corporate income taxes are not common in African countries. This means you'll only have to pay taxes on products and services imported from outside of Africa, as well as a 0.15 percent export tax (0.30 percent if you sell oil). Furthermore, Benin has no sales taxes, which means your company will be able to keep more of what it earns. Is there any other benefit? In comparison to other countries, the cost of doing business in Benin is fairly low. For example, office space can be rented for as little as $50 per month, which is significantly less than what you could expect to pay elsewhere. Similarly, utilities are generally inexpensive. Benin is an excellent spot to establish a business because of all of these qualities.

 

What Businesses are Successful in Benin?

Are the most popular enterprises in Benin manufacturing successful? First and foremost, what kind of company do you want to start? What is the location of your target market? What kind of competition are we talking about? What are the materials you'll need to get started? These questions may appear daunting, but they're all important bits of information that can help you frame your response. While there is no one-size-fits-all approach that will work for everyone, the following procedures should be helpful: First and foremost, choose the type of company you want to start. Do you have a special interest or skill? Is there a preference in Benin for particular items or services over others? It's time to perform some research once you've decided on a course of action. Personal and corporate income taxes are not common in African countries. This means you'll only have to pay taxes on products and services imported from outside of Africa, as well as a 0.15 percent export tax (0.30 percent if you sell oil). Furthermore, Benin has no sales taxes, which means your company will be able to keep more of what it earns. Is there any other benefit? In comparison to other countries, the cost of doing business in Benin is fairly low. For example, office space can be rented for as little as $50 per month, which is significantly less than what you could expect to pay elsewhere. Similarly, utilities are generally inexpensive. Benin is an excellent spot to establish a business because of all of these qualities.

 

Is Benin Good for Business?

As you may know, starting and running a business is difficult, but those considering investing in Benin could rest assured that it is one of Africa's most lively and fastest-growing economies. For example, real GDP increased by 5.4 percent year over year in 2015. Since 2011, this has been notably true. Economic reforms in Benin have also aided growth, with private-sector progress attracting foreign investment from nations such as France and South Korea. But what is it about Benin that makes it so appealing? Here are five reasons why investors might consider Benin as a potential investment:

 

1. The economy of the country is expanding at a rapid pace. Since 2011, real GDP has increased at an annual rate of 4.7 percent on average (source: IMF). In the years 2014 and 2015 That figure was 5.4 percent on its own (source: IMF).

2. It is a democratic country with well-established political structures and procedures.

 

Business-Friendly Policies and Government Initiatives;

In Benin, you can start your own business. Obtain all essential licences and permissions, including a tax identification number and the registration of your business name. Make sure you pay your taxes on time. Form a partnership or firm with at least one other individual. If appropriate, register for VAT. If you want to open a bank account outside of Benin, you'll need an International Bank Account Number (IBAN). Find out about any labour laws that may apply to your company. Find out about zoning restrictions in your area that may effect where you can open a store. Market research will help you figure out who your clients are and what they want from your product or service. Investigate any local competitors who may be operating in the area so that you may set yourself apart by providing something unique.

 

Benin's Industrial Infrastructure;

The development of industrial infrastructure has been on Benin's agenda for years, thanks to funding from a variety of local and international financial organisations. With train service and four main ports (Porto-Novo, Cotonou, Porto-Paix, and Parakou) connected to regional trade pathways throughout West Africa and beyond, the country has rather good transportation linkages. Through railways, roads, bridges, and pipelines, Benin is connected to regional powerhouses Nigeria, Cote d'Ivoire, and Ghana.

 

What are The Steps for Starting a Business in Benin?

The development of industrial infrastructure has been on Benin's agenda for years, thanks to funding from a variety of local and international financial organisations. With train service and four main ports (Porto-Novo, Cotonou, Porto-Paix, and Parakou) connected to regional trade pathways throughout West Africa and beyond, the country has rather good transportation linkages. Through railways, roads, bridges, and pipelines, Benin is connected to regional powerhouses Nigeria, Cote d'Ivoire, and Ghana.

 

Industrial Growth in Benin

In 2015, the industrial sector, which was dominated by food and drinks, accounted for more than 22% of total GDP. The country's biggest industries are beverages (primarily beer), cotton textiles, and cement. Food processing, tobacco products, transportation equipment, paper goods, leather products, and chemicals are all prominent manufacturing businesses. Benin imports the majority of its manufactured goods from other African countries or France, as well as about 40% of its grain requirements. Benin exports fabric throughout Africa and Europe as one of West Africa's leading textile producers. Yams, cassava, peanuts, and corn are all important crops in the country. It also produces rubber and cocoa beans. Despite these natural riches, agriculture only contributes roughly 10% of GDP

 

Market Size of Benin

Benin has a population of 9.4 million people and a GDP per capita of $2,900, according to World Bank data.

Cocoa beans, cotton, groundnuts, and other foodstuffs are the country's principal exports.

It imports consumer products as well as capital goods such as automobiles and industrial machinery.

For the first five years, foreign investors can benefit from Benin's 0 percent corporate tax rate for manufacturing enterprises. Benin's government provides additional incentives to companies who export at least 50% of their output.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Paper Napkins, Toilet Rolls & Facial Tissue - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Paper is one of the necessities of civilization and it is almost impossible to imagine the continuance of a world with out a printed books and news papers. Facial and toilet tissue papers fall in the category of light weigh sanitary tissue and comprise of items viz facial tissue, sanitary tissue, table napkins such varieties of papers are normally unsized and manufactured in soft, loosely felted conditions. Industries manufacturing paper napkins, toilet paper rolls, facial tissues as well as cigarette and wrapping paper etc. are dependant on tissue paper. It is concluded that there is good domestic and export demand of paper napkins, toilet rolls and facial tissue. The industry may be classed as very prospective.
Plant capacity: 1000 Kgs/DayPlant & machinery: Rs. 6 Lakhs
Working capital: Rs. 38 LakhsT.C.I: Rs. 53 Lakhs
Return: 96.61%Break even: 25.40%
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Paper Napkins - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Tissue paper is often used for wrapping as in jewellery, liquors, fruits and florist trades etc. Napkins are manufactured from tissues. Paper napkins are becoming very popular in the catering industry as they are absorbent, hygienic, light and has visual appeal. Paper napkins are used in hotels, restaurants, as a substitute for handkerchief, homes etc. The per capita consumption of paper and paper products are increasing in India and demand for napkins alone has been recorded as 25,000 tonnes. There is good scope for entrepreneurs in this field.
Plant capacity: 400 Kgs./ DayPlant & machinery: --
Working capital: -T.C.I: -
Return: 43.88%Break even: 47.25%
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Bicycle Tyres - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Bicycle tyre is the backbone of the cycle industries. There are few numbers of organized manufacturing companies are engaged in the quality grade cycle tyres and few unorganized private companies also engaged to manufacture bicycle tyres. Basic raw materials for bicycle tyre is natural rubber, synthetic rubber, carbon black, zinc oxide etc. It is used to assembling in the cycles as leg. It is the movable parts of the cycles by which cycles can run from one place to another. Basic Plant & machineries and technology indigenously available. The demand of bicycle tyres is increasing day by day. It is requires some new units establishment. There is good market potential as well as export potential. Good scope for new investment.
Plant capacity: 4000 Nos./DayPlant & machinery: Rs. 36 Lakhs
Working capital: Rs. 57 LakhsT.C.I: Rs. 163.0 Lakhs
Return: 59.50%Break even: 38.47%
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Detergent Cake & Washing Powder - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

Detergent are complete washing or cleaning products. The synthetic detergent industry is one of the largest chemical process industries. Some important uses of detergent cake and powder are in hand soaps and shampoo; special protective creams, like cold creams, varnishing creams; cosmetics; cleaning of glass, metal painted surfaces; washing and treatment of food; household washing; removal of gelatine films; making antiseptic soaps etc. Detergent are doing an infinitely superior job of cleaning. Present demand for detergent is 29,25,000 tonnes while that of soap is 12,55,000 tonnes. This industry has vast resources for earning profit and is a good investment policy for entrepreneurs.
Plant capacity: 600 Kgs/ DayPlant & machinery: Rs. 3 Lakhs
Working capital: Rs. 12 LakhsT.C.I: Rs. 28 Lakhs
Return: 35.06%Break even: 55.03%
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Wooden Furniture - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Layout

The furniture making is an ancient art in India before centuries. The expertise of India in manufacturing furniture was accepted by all the parts of the world. Wooden furniture is made in cottage and house holds industries. It is also made in small to large scale sectors. However, it is labour intensive industry and therefore has developed more in small and cottage sector than organized sector. The industry at present is concentrated much in the states of Tamil Nadu, Madhya Pradesh, Kerala, Maharashtra, West Bengal, Andhra Pradesh, U.P. and Gujarat. Wooden furniture provides very good domestic as well as export market scope subject to various designs it can be innovated and the price stability can maintain.??
Plant capacity: 20 Pcs/DayPlant & machinery: Rs. 4 Lakhs
Working capital: Rs. 5 LakhsT.C.I: Rs. 13 Lakhs
Return: 111.00%Break even: 26.99%
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Wooden Furniture (With Mediocre Automation) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The term wooden furniture is used for articles of daily use in dwelling house, place of business, public buildings, and includes items such as chairs, tables, beds, safes, sofa sets, almirahs, cabinates etc. are made of wood. The furniture making is an ancient art in India before centuries, the expertise of India in manufacturing furniture was accepted by all the parts of the world. This type of industries are mostly free from pollution. Market demand of wooden articles are gradually increases, but there is short supply because of non-availability of proper woods, Wooden furniture is always enjoy a ready market and selling quality furniture with elegant get up trends an easy access to the consumer market. There is bright scope of export of wooden furniture. Any new entrepreneur may enter in this industry.
Plant capacity: 20 Articles/DayPlant & machinery: Rs. 13 Lacs
Working capital: Rs. 28.0 LacsT.C.I: Rs. 73 Lacs
Return: 42.81%Break even: 48.28%
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Oxygen and Nitrogen Gas Plant - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Oxygen (CO2, gas at 00/1 matm., 1.429g./l, crit. Pressure, 49.7 Matm.) is a colorless, odourless, and tasteless gas, somewhat heavier than air. It is one of the most active elements and plays on essential part in the respiration of living cells and in combustion. Oxygen is required for cutting and welding of steel materials for manufacturing and repairs is various industries. Ship repairing, fabrication works etc. require large amounts of oxygen. It is also required for medication purpose and deep sea driving. Nitrogen gas used in the production of ammonia which in turn is used for the manufacture of urea and ammonium phosphate, which are fertilizers of great use. It is used for blanketing hazardous chemicals which will an inert atmosphere. Liquid Nitrogen is also used to maintain low temperatures during the transportation of frozen food. Oxygen and Nitrogen are the most important industrial gases. At present there are 190 units in the country. As the quantity of oxygen required in integrated steel plants is huge. The excess oxygen is compressed and bottled in steel cylinders and supplied to engineering industries. There is a very good market for new entrepreneur.
Plant capacity: 1440 Cubie Meter/DayPlant & machinery: 50 Lacs
Working capital: 18 LacsT.C.I: 101 Lacs
Return: 18.19%Break even: 75.00%
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Fully Automatic Match Box With Match Sticks (Wooden Match Sticks & Waxed Strips) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials

The various sizes and type of match boxes are largely used in all the homes commercial section shops and industries. The Match phosphorus coating labels in two narrow sizes. General purpose match boxes are generally made by using paper boxes, match stick carrier or filler made by paper and soft wood pieces which is shunt fitted in the box, carrier content match sticks and filled in the carrier then covered by the paper to form match boxes. Tiny small and medium scale matches factories are available in India. This is very large common used items not only in India but through out the word. There is very negligible export or import is available of this product. 5% growth demand of match boxes in each year. There is very good scope for new entrants.
Plant capacity: 1500 Lacs/AnnumPlant & machinery: 86 lacs
Working capital: -T.C.I: 213 Lacs
Return: 42.00%Break even: 43.00%
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Disposable Plastic Cups, Plates and Glasses

The plastic in India plays a very important key role in industrialization. A wide spectrum of plastics and its articles have touched the life of every Indian is many ways through consumer plastics. Disposable cups, glasses and plates are used in daily life now a days. In addition to be used at home these are largely used in parties and other functions. The use of disposable items are increasing day by day due to better hygienic conditions, low cost, easy usability and impressive appearance. Plastic cups are largely used for tea, juices, coffee and other purposes. Having in view the demand of these items, it can be predicted that there is good scope for new entrepreneurs.
Plant capacity: 50,000 Plastic Glass, 25,000 Plastic CupsPlant & machinery: 25 Lakhs
Working capital: -T.C.I: 69 Lakhs
Return: 39.00%Break even: 51.00%
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Paper Napkins, Facial Paper & Toilet Rolls From Tissue Paper Rolls - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

Due to Govt. emphasis for popularizing tourism, number of new hotels, holiday resorts, restaurants etc. have demand of paper conversion products like Paper Napkins, facial paper etc. Paper napkins, facial paper & toilet rolls obtained from tissue paper are absorbent, lightweight & hygienic, Paper Napkin is used in hotels, restaurants and as a substitute of handkerchief. There is good demand of tissue paper rolls both internal & for export. So, there is good scope for new entrants.
Plant capacity: 2 Mt Toilet Rolls, 2 Mt Facial Paper, 6 Mt Paper Napkin (Per Day) Plant & machinery: Rs. 41 Lakhs
Working capital: -T.C.I: Rs. 600 Lakhs
Return: 69.00%Break even: 23.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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