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Technical assistance project – Choose Africa 2 Benin
Project
Published on
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Project start date
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Status
Ongoing
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Project end date
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Financing amount (Euro)
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2m
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Country and region
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Benin, Africa
The Choose Africa 2 Benin technical assistance mechanism was developed to support three Beninese actors in consolidating their strategic, operational, and institutional skills in order to provide a more efficient, coherent, and sustainable SME support ecosystem.
Choose Africa 2: an initiative for entrepreneurship and innovation in Africa
Choose Africa 2 is run jointly by AFD Group and Bpifrance, with the purpose of developing entrepreneurship and innovation in Africa. This initiative supports African countries in structuring their public support system for entrepreneurship. It involves financing for very small- and medium-sized enterprises and the creation or strengthening of public banks for entrepreneurs.
Technical assistance from Expertise France for Beninese institutions
As part of Choose Africa 2, Expertise France provides technical assistance to strengthen the strategic, operational, and institutional functions of three actors in Benin’s entrepreneurial ecosystem: Caisse des Dépôts et Consignations (CDC), Fonds d'Investissement et de Garantie des PME (FIGPME), and Agence de Développement des PME (ADPME).
1. Support for CDC Benin
We support CDC Benin in implementing its activities and strengthening its key duties, in particular in its delegated-project management role in the Choose Africa 2 project in Benin.
2. Support for FIGPME structuring and operationalisation
The objective is to accelerate the implementation of FIGME, an SME investment and guarantee fund, by:
- giving it the capacity to fulfil its main duties;
- positioning it within the financial ecosystem;
- contributing to the capacity-building of its teams.
3. Continuation of the Entrepreneurship Support Project alongside ADPME
Following support initiated during the first phase of technical assistance, we are supporting the SME Development Agency (ADPME) to ensure the fluidity and consistency of the activities of the Project to Support Entrepreneurship. This comes against the background of new members joining the project, the growth of structuring activities, and the transfer of skills to ADPME.
This support seeks to:
- consolidate methodological achievements: planning, monitoring and evaluation, ESG compliance, administrative and financial management, procurement;
- maintain a high level of quality of implementation via (i) mobilisation of ad hoc expertise to support the project team in carrying out certain tasks and (ii) quality control for non-objection requests, etc.
- facilitate dialogue with AFD.
Support enhanced strategic and institutional structuring of ADPME’s strategic and institutional structure
The SME Development Agency is called on to play a key role in Benin’s entrepreneurial ecosystem.
Technical assistance will provide support in the growth in importance of ADPME as a reference institution, by aligning its tools and its position with national ambitions in terms of structural transformation of the economy through SMEs.
The technical assistance system will focus on:
- strengthening the core business departments;
- the strategic coordination of activities and the alignment of initiatives to promote SMEs in Benin;
- project management for establishing a marketing support window;
- monitoring and reviewing the National Policy for SME Promotion and Development and its implementation strategy.
Sustainable Development Goals
SDG8 - Decent work and economic growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
For further reading
Project to support entrepreneurship in Benin
The project aims to improve technical and financial assistance for MSMEs and create an institutional environment more conducive to the development of entrepreneurship.
- When ?
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2023 - 2026
Status
Ongoing
- Location
- Benin
- Funders
- Union européenne, Agence Française de Développement
- Financing amount
- 2m €
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