Category Archives: Benin News

Benin News

The United Nations Convention on Transparency in Treaty-based Investor-State Arbitration enters into force today

 The United Nations Convention in Transparency in Treaty-based Investor-State Arbitration (“The Mauritius Convention on Transparency”) will enter into force today, 18 October 2017. The Convention has to date been ratified by Canada, Mauritius and Switzerland. None of the ratifying States made reservations and, as a result, the Transparency Rules are now part of the investor-State dispute settlement regime created by investment treaties concluded by those three States. Consequently, the Transparency Rules will apply to investor-State disputes arising under investment treaties concluded by those States before April 2014 in accordance with the conditions set forth in the Transparency Convention and the relevant investment treaties. read more

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Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa

 Morocco-based financial services company Wafacash (www.Wafacash.com) is scaling up operations with leading digital money transfer service WorldRemit (www.WorldRemit.com) to offer instant money transfers across West and Central Africa. read more

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Benin signs the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration

The Mauritius Convention on Transparency aims to provide States and regional economic integration organizations with an efficient mechanism that extends the scope of the UNCITRAL Rules on Transparency in Treaty-based Investor-State Arbitration (“Rules on Transparency”) to investment treaties concluded before the Rules entered into force on 1 April 2014 read more

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IMF Staff Concludes Visit to Benin

  • The economy grew by 4 percent in real terms in 2016, overcoming the low-growth environment that resulted from negative spillovers from Nigeria.
  • The authorities are implementing a package of measures to maintain macroeconomic and financial stability and raise living standards.
  • IMF staff and the authorities agreed that the early progress in program implementation should be strengthened via timely enactment of the reforms.

A staff team from the International Monetary Fund (IMF), led by Norbert Toé, visited Benin from June 7–14, 2017, to review recent economic and financial developments and discuss program implementation ahead of a formal review slated for later this year. read more

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Power Industry Focuses on Renewables: Solar PV is the Fastest Growing

Transition to more decentralized and intelligent energy systems are driving market opportunities, finds Frost & Sullivan’s Energy & Environment team read more

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ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer

(L-R) Honourable Henry Rotich, Cabinet Secretary of the National Treasury of Kenya and H.E. Patrice Talon, President of the Republic of Benin read more

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9ème Forum africain du carbone, Cotonou, Bénin, 28-30 juin 2017

Action climatique collaborative pour le développement durable en Afrique read more

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The African Trade Insurance Agency (ATI) to help Benin attract US$15 BILLION by 2021

ATI CEO, Mr. George Otieno (letf) and H.E. Patrice Talon (right), President of the Republic of Benin read more

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RiskMap 2017. Afrique de l’Ouest : La « nouvelle normalité » ne se fera pas sans heurt

  • Les nations africaines en lice pour émerger en tant que passerelles commerciales pour les investissements étrangers directs offrent des opportunités, mais aussi des menaces inconnues pour les entreprises
  • Facteurs macroéconomiques : le faible prix du pétrole et le sentiment économique mondial seront les principaux moteurs de l’instabilité au sein du continent.
  • L’incertitude politique intérieure d’un certain nombre de nations d’importance constituera un risque beaucoup plus grand pour les entreprises présentes sur le continent que l’effet de la géopolitique internationale
  • Les entreprises africaines resteront vulnérables et risqueront de ne pas accorder aux risques de cybersécurité la même valeur que ceux associés à la sécurité physique ou aux menaces politiques
  • Les entreprises réagiront comme des arches (orientation défensive sur les principaux marchés), des requins (ciblage des nouvelles opportunités) ou des baleines (en devenant trop importantes pour faire faillite)
  • La meilleure gouvernance a amélioré le climat des affaires, mais rien ne se déroule sans accroc

L’instabilité macroéconomique alimentée par le faible prix du pétrole et le sentiment économique mondial continuera d’être le principal moteur des risques commerciaux dans toute l’Afrique de l’Ouest en 2017. L’amélioration de la gouvernance et l’intégration de certaines normes et pratiques démocratiques limiteront le potentiel de détérioration, mais des défis persisteront. Les cyberattaques progressent. Les entreprises deviendront de plus en plus vulnérables jusqu’à ce que l’impact des risques cybernétiques sur leurs activités et leur réputation soit envisagé, comme le sont les effets des risques politiques et de sécurité. Voici quelques-uns des principaux thèmes du rapport annuel prévisionnel sur les risques politiques et commerciaux « RiskMap 2017 », publié par Control Risks (www.ControlRisks.com), cabinet de conseil spécialisé dans le domaine des risques. read more

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Five West African Countries Avoids Dirty Fuel from Europe

A number of West African countries have been sourcing fuel from Europe and reports (beginning earlier and mid this year) indicates that these European fuels do not meet the expected emission standards. In Ghana, the issue had risen in public discussions when first discovered and some environmental and health activists had used social media to publicize the issue to raise awareness for better fuel importation into the country. read more

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Benin to enjoy a 100 Megawatts of ADDGAS-generated Power from Aggreko

Aggreko PLC, a leading global provider of mobile power and corresponding product solutions have been successful in acquiring a year contract to produce power by generating energy via ADDGAS which is to replace a good aspect of diesel fuel with natural gas. The project which is set to generate a 100 megawatts of power is targeted in adding to the grid of Benin and also meeting substantial power demand of the country. The 100 megawatts is scheduled to commence by December 2016 while running through the entire 2017. read more

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10 nominees announced for AIF’s Innovation Prize for Africa 2016

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REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES)

Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. read more

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Benin and IFAD work together to boost food and nutrition security while creating jobs for young people

The Republic of Benin and the United Nations International Fund for Agricultural Development (IFAD) signed an agreement today to finance the Market Gardening Development Support Project (PADMAR), an initiative that will create some 3,000 new jobs, particularly for young women and men, and improve food and nutrition security in 27 municipalities of seven departments in southern Benin (Atlantic, Couffo, Littoral, Mono, Ouémé, Plateau and Zou). read more

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