Benin: EBRD launches support programs for SMEs and startups

The program is designed to enable Beninese SMEs to access both local and international expertise to enhance their management, competitiveness, and ability to attract investment. The EBRD also aims to support the digitalization of businesses, energy efficiency, and projects led by women and youth.

Companies identified as having high potential will be able to access the Blue Ribbon program, which combines personalized support with financing solutions. Meanwhile, innovative and high-growth startups can benefit from the Star Venture program, which has already been implemented in several countries where the bank operates.

The EBRD also plans to collaborate with partner banks and companies to broaden access to credit. Its Risk Sharing Facility mechanism allows for sharing part of the risk on certain loans with financial institutions, while the Supply Chain Solutions Framework aims to improve working capital financing within supply chains.

A new focus of the EBRD’s commitment in Benin

The bank positions this offering as part of its expansion of activities in Benin. The country became a shareholder of the EBRD in 2024 and was officially recognized as an operational country in July 2025. The institution states that its priorities include sustainable infrastructure, business modernization, and strengthening economic institutions.

In July, the Beninese government and the EBRD had already expressed their intention to intensify their cooperation. A delegation led by the bank’s managing director for sub-Saharan Africa, Heike Harmgart, met in Cotonou with the Minister of Economy and Finance, Aristide Médenou, to discuss financing and support for national development priorities.

Dasha Dougans, the EBRD’s representative in Benin, highlights private sector development as a key area of the institution’s intervention. The bank now intends to leverage SMEs, local banks, business associations, and investment stakeholders to deploy its instruments in the country.