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Benin- Country Study for Investment in Solar Energy Sector

In: Business and Management

Submitted By hienanh2306
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IAE Université Jean Moulin Lyon 3 General Management Program – 2012/2013 Business Economics

BENIN – COUNTRY STUDY
FOR INVESTMENT IN SOLAR ENERGY SECTOR

Compiled by: Thi Hien Anh Nguyen

Thi Hien Anh NGUYEN

2012

PREAMBLE This report is prepared as a preliminary research based on hypothetic scenario of an investment project of EUR10 million in solar energy sector in Benin. The report hence firstly focuses on the analysis of Benin’s macro-environment, including the political, socio-demographical, economic, legal and ecological environments which might impinge on the project. The report then goes further in analysing the current situation of the energy sector in Benin and the prospects offered for the solar energy sector in Benin.

I/ BENIN – COUNTRY CONTEXT AND PROSPECTS 1. Country overview Benin (French: Bénin, formerly Dahomey), officially the Republic of Benin (French: République du Bénin), is a country in West Africa. Situated in the Gulf of Guinea, it is bordered by Togo to the west, by Nigeria to the east and by Burkina Faso and Niger to the north. A majority of the population live on its small southern coastline on the Bight of Benin. The capital of Benin is Porto-Novo, but the seat of government is in Cotonou, the country's largest city. Benin covers an area of approximately 110,000 square kilometers (42,000 sq mi), with a population of approximately 9.1 million. Benin is a tropical, sub-Saharan nation, highly dependent on agriculture, with substantial employment and income arising from subsistence farming. The official language of Benin is French. However, indigenous languages such as Fon and Yoruba are commonly spoken. The largest religious group in Benin is Roman Catholicism, followed closely by Islam, Vodun and Protestantism. Benin is a member of the United Nations, the African Union, the Organisation of Islamic Cooperation, South Atlantic…...

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