Following the tragedy that claimed the lives of more than 34 people in a smuggling oil depot in Seme-Krake on September 23, the government of Benin has announced several measures to ensure that such a thing never happens again.
As part of this plan, government spokesman Wilfried Léandre Houngbédji has indicated that the State has ordered more than 5,000 mini-stations, which will be distributed for free to those engaged in illegal oil activities. “2,000 mini-stations of the 5,000 ordered have already been purchased. They will serve at least the five major cities in the south of the country. The number of cities covered will grow with the acquisition of the remaining stations,” the spokesperson explained, adding that the measure is aimed at reducing the risks associated with the sale of adulterated petroleum products.
Chinese platform Xinhua reported that the informal oil industry directly costs the state CFA20 billion a year (equivalent to $32 million), with the informal sector alone accounting for between 75 and 80% of the volume of fuel sold on the territory.
In addition to the tax losses, the human damage is just as significant. The fire on Saturday, September 23 at a contraband fuel depot in Sèmè-Kraké left 36 people dead and 23 with severe burns, according to the latest official figures. The smuggled fuel depot in Sèmè-Kraké is the largest in the city, where the trade is widespread. The government estimates that 540,000 people are involved in this sector.
Given the weight of this industry in the economy, the government believes it is imperative to regulate it. In a recent report on the links between violent extremism and illegal activities in the country, the ISS revealed that the illegal oil trade, commonly known as "Kpayo", enables armed groups to obtain fuel for their means of transport and to derive substantial revenue from this traffic. A situation that would leave the country exposed.
Indeed, long spared by terrorist assaults, Benin has suffered a series of attacks, including two in 2020, at least 7 in 2021, more than 20 listed in 2022, and 15 already since 2023 started.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
By Nanga Koné, Country Director Rainforest Alliance Côte d’Ivoire One fact is hard to ignore : Over time, the widespread and often poorly...
Côte d’Ivoire, Burkina Faso boost joint research, innovation cooperation Workshop trains researchers on management, commercialization,...
Yango pledges compliance with Namibia’s tighter e-hailing regulations Company to ensure drivers obtain permits, strengthen verification...
Nigeria attracts $2.6 billion mining FDI after sector reforms Government targets industrialisation, lithium processing and $1.3...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...