Thanks to the sale of more than 33% of its stake in the International Bank for Industry and Commerce (BIIC) through an initial public offering (IPO), the Beninese government raised over 100 billion XOF ($165.6 million).

The sale of BIIC's shares is part of a broader strategy aimed at raising funds for infrastructure and economic development, while increasing the participation of private sector in the banking sector. Les actions seront cotées à la BRVM , making BIIC the third Beninese company listed on the stock exchange after the Benin National Lottery (LNB) and the BOA Benin. The offering, launched on December 24, 2024 and closed on February 28, 2025, included the sale of 17.56 million to 23.10 million shares at 5,250 XOF ($8.72) per share. It should be noted that the BIIC, resulting from the merger in 2020 of the International Bank of Benin (BIBE) and the African Bank for Industry and Commerce (BAIC), is one of the largest banks

In October 2024, the government raised 43 billion XOF ($71.5 million) by selling part of its stake in the Benin National Lottery (LNB).