The President of Benin Republic, Patrice Talon (pictured, left) brought back home thirteen deals signed with the Chinese government during his visit to Beijing. The partnerships seek to accelerate Chinese cooperation and investment mainly in healthcare, infrastructures, digital economy, and agriculture.
In detail, four agreements were signed between Romuald Wadagni, Benin's Minister of State for the Economy, Finance and Cooperation, and Zheng Shanjie, head of China's National Development Commission. They include a three-year cooperation plan for 2023-2026, a letter of intent focusing on the "Belt and Road" initiative, and memorandums relating to grain management and economic development.
Wang Wentao, China's Minister of Commerce, also signed three other agreements with the Beninese Minister on the creation of a group dedicated to investment and cooperation, as well as the expansion of investment in green development and the digital economy. Two other deals were reached with Zhao Fengtao, Vice-President of the China International Development Cooperation Agency. They concern technical cooperation and the implementation of the Global Development Initiative.
Additionally, four other agreements were reached between the Beninese Foreign Minister Shegun Bakari and FU Hua, President of XINHUA News Agency, to promote communication in the health sector. Another deal concerns the export of Beninese pineapples to China.
"China agrees to open its doors to more Beninese products. It will also encourage Chinese investment in Benin as part of a co-investment platform dedicated to the construction of infrastructure in the fields of roads, electricity, communications technology, and textile production. Beijing will also work to deepen mutually beneficial cooperation in the agriculture, forestry, and fisheries sectors, as well as in technical and vocational training to support Benin's industrialization process,” reads a joint statement issued at the end of Patrice Talon's four-day state visit.
Both partners have announced they have upgraded their bilateral ties to a "strategic partnership." Trade between the two countries is estimated at $1.95 billion in 2022, representing a 33.7% increase over 2021, according to the Chinese Embassy in Benin.
As a reminder, China has financed several infrastructure projects in Benin, including the Stade de l'Amitié, the Cotton Road, the Godomey interchange, and the Glo-Djigbé airport.
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...
• Google will set up four infrastructure hubs in Africa to connect new submarine cables.• The hubs will link Equiano and Umoja cables, adding landing...
• Sixteen African countries signed or backed AFRIPERF charter at Africa Oil Week in Accra.• The forum aims to unify rules, improve transparency, and...
• Sub-Saharan Africa spent nearly $7 billion on digital infrastructure in 2024, up from $6.3 billion in 2020.• Around 60% of these funds went...
Liebherr comeback: German-Swiss group wins 10-year crane contract with Transnet after 2023 corruption settlement. Green focus: Hybrid and...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...