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
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
World Bank to mobilize $550 million for Kenya road project Project to upgrade 508 km, boosting regional trade links Corridor to cut...
Egypt signs deal on $100 million dry port with EDECS, MEDLOG Facility aims to ease port congestion, shift freight from road to...
NSIA Banque CI, OEC-CI sign three-year SME support partnership Deal offers financing, training, and support for accountants and SMEs Aims to improve...
This week in Africa, health news highlights progress in kidney disease research, new investments in health security, and efforts to strengthen...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...