Category Archives: Benin News

Benin News

The growing US dollar weighs down on African economies

By Pitamber Kaushik As the Federal Reserve, the central bank of the United States, continues to hike its lending rates aggressively in order to rein in persistent inflation, the stress exerted by the bulking US Dollar continues to send ripples throughout the world. Being the predominant medium of international exchange, serving as the world’s principal […]

Winch Energy signs global distribution agreement worth over USD100m to extend solar power supply to millions


Winch Energy, leading off-grid utilities provider, has announced a new shareholder and investor, ITOCHU, a listed Japanese corporation with a network of businesses in six continents including Africa, Asia and Latin America. ITOCHU Europe PLC is a wholly-owned subsidiary of ITOCHU Corporation, a Japanese trading corporation with a considerable network of businesses in six continents including Africa, […]

Demand for African Talent is Increasing

Strategies to share talent between Africa and France By Kiné Seck Mercier A young woman spends her youth in Nigeria, leaving to attend a university in London. She goes on to work in the United States, Ghana, South America, Kenya and Zambia, finally settling in Paris. In many ways, she is illustrating an increasingly common […]

Benin Now Has An Up-To-Date National Map

IGN FI / IGB : carte nationale du Benin - Atelier

In October 2014 IGN FI was awarded a contract to carry out digital mapping of the entire country of Benin at a scale of 1:50,000. Apart from a very few exceptions, the cartography of Benin had never been updated since the country gained its independence. The project to update Benin’s national mapping is co-financed by the […]

Le Benin Dispose Désormais D’une Carte Nationale A Jour

IGN FI / IGB : carte nationale du Benin - Atelier

En octobre 2014, IGN FI est attributaire d’un marché portant sur la réalisation d’une cartographie numérique de l’ensemble du territoire béninois à l’échelle du 1:50 000. Depuis l’indépendance du pays, à de rares exceptions près, la cartographie du Bénin n’avait en effet pas été mise à jour. Co-financé par l’Union Européenne dans le cadre de l’Alliance […]

Growing Investment Opportunities in the Hotel Sector in Francophone Africa

The Independence Square in Dakar (Senegal). La place de l'Indépendance à Dakar (Sénégal). En arrière-plan le port et Gorée. 25.09.2006. Photo Credit: Mostroneddo

50% of African transactions by the international operator Radisson Hotel Group in 2018 fall on this region. From 16 to 17 October 2018, the FrancoReal Summit ( is held in Dakar, Senegal. Hospitality leaders from the Radisson Hotel Group, the Mangalis Hotel Group, and Accorhotels are discussing the development of the hotel services sector with […]

Aliko Dangote calls for the development of African regional markets based on a free trade agreement

London: Dangote urges deepening of African economy through free trade

At the 5th annual Financial Times African Summit in London, Nigerian entrepreneur Aliko Dangote said that the development of regional markets will contribute to economic growth in Africa. This requires close cooperation between African investors and governments. The African Free Trade Agreement will strengthen African markets. Dangote, the president of the group, referred to his […]

Who are the 10 nominees for the Prize for Innovation for Africa in the amount of US$ 185 000?

African innovation: Investing in Inclusive Innovation Ecosystems

This year, the topic of the contest is “African innovation: Investing in Inclusive Innovation Ecosystems”. The African Innovation Fund (AIF) has received more than 3,000 applications from more than 52 countries to participate in the competition to receive a prize for innovation for Africa. The proposed innovations address the most important tasks in the field […]

Which Startup receive Ecobank Africa Fintech Prize?


Ecobank (, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology startups.  Startups: Lypa (Kenya) (Nigeria) ( Nala (Tanzania) Litee (Benin) SESO Global (South Africa) InvestED (Sierra Leone) Eversend (France) Secapay (Nigeria) Virtual Identity (South Africa) MojiPay (Togo) […]

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 […]

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

 Morocco-based financial services company Wafacash ( is scaling up operations with leading digital money transfer service WorldRemit ( to offer instant money transfers across West and Central Africa. The companies already work together in Morocco and Senegal, but will expand into Cameroon, Benin, Burkina Faso, Niger and Cote D’Ivoire before the end of the year. The new service will […]

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 On 10 July, Benin signed the […]

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 […]

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 Increased decentralisation, the need to decarbonise electricity generation, and digitisation to boost operational efficiency are driving market opportunities in the power industry. Continued regulatory support for renewable energy in key markets will see global power […]

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

The African Trade Insurance Agency (ATI) (, held its 17th Annual General Meeting today. The sustained commodity price decline and current geopolitical uncertainties took centre stage. Meeting participants urged African governments to intently focus on growing intra-African trade and diversifying their economies away from commodity reliance in order to reduce vulnerability to external shocks. With […]

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

Benin is a country on the rise led by a newly appointed President, H.E. Patrice Talon. Last week, the President launched a five-year program that is aligned to Benin’s Vision 2030 that places Public Private Partnerships (PPPs) at the core. The program sets out a strategy to attract US$15 billion of investments and to stimulate growth […]

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 […]

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 […]

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

The African Innovation Foundation (AIF) ( today announced the top 10 nominees for its landmark programme, the Innovation Prize for Africa (IPA). Now celebrating its 5th year under the theme “Made in Africa”, IPA is the premier innovation initiative in the African continent, offering a grand share prize of US$150 000 and incentives to spur […]


Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of […]

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 […]

IMF Executive Board Concludes 2015 Article IV Consultation with Benin

On December 11, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Benin. For the third consecutive year, Benin is expected to reach solid economic growth in 2015 at around 5 percent, despite recent headwinds from the economic slowdown in Nigeria—Benin’s major trading partner. In 2016, increased public investment […]