Entrepreneurial Ecosystem Diagnostic - Benin

Analysing the entrepreneurial ecosystem in Benin: a dynamic ecosystem stimulated by political reforms 

The report aims to provide a foundational understanding of the Beninese ecosystem’s unique context, including the existing strengths and weaknesses of the private sector, common business models among early-stage enterprises, and key entrepreneurial ecosystem dynamics that either hinder or support early-stage entrepreneurial activity, in particular youth- and female-led enterprises. 

The entrepreneurial ecosystem in Benin has undergone some important developments in recent years, including an increase in business support services and a strengthening of the political will to stimulate the sector, for example, through the new Law for the Promotion and Development of MSMEs. However, some challenges persist: the concentration of activities in Cotonou, the quality of support provided and insufficient access to support, particularly for women entrepreneurs. 

Why should I read this diagnostic?  

This report analyses these strengths and challenges while identifying gaps and opportunities for targeted interventions.  It provides an analytical framework that sheds light on nine different elements – or components, pillars – of entrepreneurial ecosystems, hampering or fostering the growth of pre-seed and seed-stage businesses. 
In addition, the report offers strategic recommendations and actions to strengthen the entrepreneurial ecosystem, in terms of : 

1. Capacity building and networking.
2. Business environment.
3. Entrepreneurial culture.
4. Mapping and knowledge of the ecosystem.

A shared resource to encourage locally anchored and coordinated action: 

This diagnostic provides insights on how strengthened coordination at the ecosystem level and anchoring support to local economies can help bridge these gaps. It aims to be shared with any actor willing to support the Beninese ecosystem, or playing a significant role in creating an environment favorable to innovation, the creation and growth of Youth and Women’s businesses, whether they are business development providers, policymakers, investors, development partners, academics, media, etc.