SovereignWealthFunds.comDeposit and Consignment Fund of Benin
Deposit and Consignment Fund of Benin: what it invests in
Geography Regional
Deposit and Consignment Fund of Benin: how big it is, and on what basis
In US dollars: about USD 1.773B. XOF 1,061.967B balance sheet at the fixed XOF/EUR parity and the ECB USD rate for 2024-12-31
Deposit and Consignment Fund of Benin: what it publishes
Published 5 · Partly 4 · Not published 1
Our 10 item score. It measures what is public, not how well a fund is run.
At a glance. CDC Bénin is the state deposit and consignment fund of Benin, created by law in 2018 on the French Caisse des Dépôts model. It safeguards regulated deposits and consignments and puts them to work as a long-term investor in infrastructure, real estate, SMEs and the regional capital market. Its balance sheet reached XOF 1,062 billion (about USD 1.8 billion) at end 2024. S1 S4
Key points
- Total balance sheet of XOF 1,061.97 billion at end 2024, up 10.76 percent; net result XOF 17.97 billion. S4
- Cumulative net result of XOF 57.5 billion over five years. S4
- Three businesses: public-interest investor, financial investor on the Benin and WAEMU markets, and trusted third party for public funds. S1
- Three tools: bank placements of up to 5 years, financing of 5 to 20 years and investments of 5 to 25 years. S1
- Financial placements of about XOF 708 billion and cumulative approved financing of XOF 679 billion. S1
- Building a Green Financing Facility with the African Development Bank and backing SMEs through ADPME. S1 S4
Interesting facts
Mandate and goals
CDC Bénin collects and secures deposits and consignments and finances public-interest projects, focusing on sectors private investors serve poorly. It also deepens the Benin and WAEMU financial markets. S1
How it invests
| Industries | Infrastructure and utilities, Transport and logistics, Real estate, Industrials and manufacturing, Financial services, Renewables and climate S1 |
|---|---|
| Asset classes | Fixed income, Private credit, Private equity, Real estate, Infrastructure, Cash and money markets S1 |
| Stages | Infrastructure, Real estate, Credit, Growth, Public markets S1 |
| Geography | Regional. Benin first, plus the WAEMU regional capital market S1 |
| Direct / through funds / co-invest | Yes / No / Yes S1 |
| Ticket size | No ticket range is published. S1 |
| Deal sizes seen | Not disclosed per deal |
| External managers | No external manager use is published S1 |
| Co-investment programme | Works with development finance partners on co-investment S1 |
Largest holdings: CBPP SA S1
Published criteria
Past investments
| Year | Investment | Type | Sector | Stage |
|---|---|---|---|---|
| Not published | Stake in CBPP SA. Equity stake framed as green financing. S1 | Direct investment | Renewables and climate | Growth |
| Not published | Maritime Business Centre. Loan agreement with BOAD to build the Centre des Affaires Maritimes. S1 | Co-investment | Real estate | Real estate |
| 2025 | Green Financing Facility. Facility structured with the African Development Bank, backed by an AfDB grant. S1 S4 | Joint venture or partnership | Renewables and climate | Credit |
| Not published | SME capital markets programme. Partnership with the AfDB to finance SMEs through capital markets. S1 | Joint venture or partnership | Multi-sector | Growth |
| 2024 | PAEB fiduciary management. Manages a business support programme and partners with ADPME. S4 | Joint venture or partnership | Multi-sector | Credit |
Case studies
Green finance with the AfDB S1 S4
- What: Joined the African Green Banks Initiative with an AfDB grant and is building a Green Financing Facility.
- When: 2024 to 2025
- Size: Not published
- Why: To channel long-term money into climate-friendly projects in Benin.
Growing the balance sheet S4
- What: Expanded deposits, placements and financing under its 2021 to 2025 plan.
- When: 2023 to 2024
- Size: XOF 1,062B balance sheet
- Why: More regulated savings means more long-term finance for the economy.
- Outcome: Balance sheet up 10.76 percent in 2024; net result XOF 17.97 billion.
Investment process
The Director General runs CDC Bénin under a Supervisory Commission chaired by the Minister of Economy and Finance, with Audit and Risk and Investment Committees. S3
| Committee | Role |
|---|---|
| Supervisory Commission | Oversight; chaired by the Minister of Economy and Finance S3 |
| Investment Committee | Reviews investments S3 |
| Audit and Risk Committee | Audit and risk oversight S3 |
- Projects are identified, often with partners such as BOAD and the AfDB. S1
- The tool is chosen: placement, financing or equity, by horizon. S1
- The Investment Committee reviews proposals before approval. S3
- Results reported in an annual governance and CSR report. S4
How to approach: Project sponsors can contact CDC Bénin through its website; it also hosts promoter events. S1
Size and returns
- Headline size: XOF 1,062B (Total assets (balance sheet), as of 2025-10-01) S4
- In US dollars: about USD 1.773B. XOF 1,061.967B balance sheet at the fixed XOF/EUR parity and the ECB USD rate for 2024-12-31
- Balance sheet, end 2023: XOF 958.7B (Total assets (balance sheet), as of 2025-10-01) S4
- Financial placements, end 2024: XOF 708B (Portfolio value) S1
- Returns: the fund does not publish a return figure.
Leadership
Governance and transparency
- Legal basis: Law 2018-38 of 17 October 2018 S1
- Oversight: Supervisory Commission chaired by the Minister of Economy and Finance; Director General appointed by decree for five years, renewable once S3
- Annual governance and CSR report presented publicly. S4
Transparency score: 7.0 of 10 (band 4 of 5). Our own 10-item rubric; see the methodology page.
History
For family offices
CDC Bénin seeks co-investment partners for Benin projects and is active on the regional exchange. It markets opportunities at investor forums, including in London and Paris. S1
Reports
- Governance page and Annual Report 2021: https://cdcb.bj/Gouvernance S3
Common questions
How large is CDC Bénin?
Its balance sheet was XOF 1,061.97 billion at end 2024. S4
Who leads it?
Director General Maryse Lokossou. S3
What does it invest in?
Infrastructure, industry, economic real estate, SMEs and regional capital markets. S1
Related profiles
- Caisse des Depots et Consignations Tunisia Tunisia · TND 13.52B
- Nigeria Sovereign Investment Authority Nigeria · USD 3.40B NAV
- Fonds Gabonais d'Investissements Strategiques Gabon · About USD 1.9B
- Mohammed VI Investment Fund (FM6I) Morocco · MAD 15B initial capital
- Mauritius Investment Corporation Ltd (MIC) Mauritius · MUR 57.5B
- Ghana Infrastructure Investment Fund Ghana · GHS 7.83B
All sovereign wealth funds in Africa · All strategic development funds · All funds in Benin
Sources
Disclaimer
Informational only. SovereignWealthFunds.com is an independent public-source reference. It is not affiliated with or endorsed by any fund named on it, and it is not investment, legal or tax advice. Figures are as of the dates shown next to them and may have changed; please read each fund's official pages, linked on its profile. To report an error, use the contact page. Copyright SovereignWealthFunds.com. All rights reserved.
