The African Development Bank (AfDB) has just approved €61.77 million to Benin to finance its Rural Electrification Project (PERU). The money will provide access to electricity for more than 48,000 households in 309 rural communities across the country.
The project is expected to reduce by over 72% the amount that would have been normally used by the government to connect the rural households to the national grid. From 90,000 CFA francs (€137) the government will now spend 25,000 francs (€38). The project also subsidizes the connection of 35 schools to the national electricity grid, as well as access to a clean water supply.
PERU's objective is to increase Benin's rural electrification rate from 8.11% in 2018 to 13.78% by 2022, according to Marie-Laure Akin-Olugbade, Head of AfDB for West Africa.
Gwladys Johnson Akinocho
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
Ghana’s Tema Oil Refinery restarts after four-year shutdown TOR processes 28,000 bpd, about 62% of capacity Restart aims to cut fuel imports...
Copper prices near $13,000 a tonne on tariff speculation Traders rush shipments to U.S., tightening global inventories Supply...
Central African Republic holds presidential election as Touadéra seeks third term Vote held alongside legislative and local polls, first...
Exports surged 41% to nearly $289 million in 2024, a multi-year high, as the sector now targets the $300 million revenue threshold for...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...