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 […]
Category Archives: Benin News
Benin News
Benin News, Energy, Green Energy, Sierra Leone, Togo News, Uganda News
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, […]
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 […]
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 […]
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 […]
Africa Travel, Benin News, Niger News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News
Growing Investment Opportunities in the Hotel Sector in Francophone Africa
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 (FrancoReal.com) 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 […]
African News, Benin News, Ghana News, Nigeria News
Aliko Dangote calls for the development of African regional markets based on a free trade agreement
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 […]
African News, Benin News, Egypt News, Energy, Events, Ghana News, Green Energy, Madagascar News, Morocco News, Rwanda News, Science, South Africa News, Startups, Tanzania News, Tunisia News, Uganda News
Who are the 10 nominees for the Prize for Innovation for Africa in the amount of US$ 185 000?
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 […]
Benin News, Fintech, Kenya News, Nigeria News, Sierra Leone, South Africa News, Startups, Tanzania News, Togo News
Which Startup receive Ecobank Africa Fintech Prize?
Ecobank (Ecobank.com), 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) Wallet.ng (Nigeria) (Wallet.ng) 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 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 […]
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. 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 […]
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 […]
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 […]
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 […]
The African Trade Insurance Agency (ATI) (www.ATI-ACA.org), 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 […]
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 […]
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 […]
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 […]
The African Innovation Foundation (AIF) (www.AfricanInnovation.org) 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 […]
African News, Benin News, Burkina Faso News, Cape Verde News, Gambia News, Ghana News, Guinea News, Guinea-Bissau, Liberia News, Mali News, Mauritania, Niger News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Saint Helena, Sao Tome and Principe, Senegal News, Sierra Leone, Togo News
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. 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 […]
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 […]
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 […]
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