Public Management

Germany backs development projects in Benin with $87 mln

Germany backs development projects in Benin with $87 mln
Monday, 14 October 2019 19:21

The Republic of Benin is benefiting from $87.4 million provided by Germany to finance development projects, the beneficiary country’s Ministry of Foreign Affairs announced in a statement last week.

The money will go for clean water and sanitation, agriculture, and good governance programs. On the good governance aspect, projects will focus on better public finance management and increased support for digitization areas at the national and local levels. According to the government, all projects are part of the Government Program of Action, Agenda 2030 and align with the Sustainable Development Goals (SDGs).

Authorities said the construction of a digital transformation center in Benin, in collaboration with Germany, is also under negotiation. With $1.19 billion in financing granted to the West African country since the beginning of their bilateral cooperation, Germany is the second most active technical and financial partner in Benin.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Senegal mobilized 304.15 billion CFA francs ($533 million), exceeding its CFA200 billion target. The offering attracted strong demand with a 152%...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. The strategy relies on borrowing, securitization,...
S&P cuts Senegal’s local currency rating to CCC+/C and assigns a negative outlook. The country faces financing needs estimated at 26% of GDP in...
CAR outlines $8.9 million recovery plan for troubled CMCA Plan includes recapitalization, reforms to restore stability, rebuild...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.