After a nine-day standoff, Benin has announced a partial lifting of the blockade on Niger’s crude oil exports passing through its territory. This move comes amid a diplomatic tussle between the two neighbors.
The blockade, imposed on May 6, aimed to pressure Niger to reopen its land borders, which have been closed since last year. Benin's action underscored its determination to reopen formal economic exchanges, including oil transit, through its territory.
The decision to partially lift the blockade followed mediation led by Chinese officials who arrived in Cotonou on Wednesday morning. The Chinese delegation, headed by the Ambassador to Benin, engaged with the Beninese President and sector officials.
They agreed that Benin would allow Chinese vessels to load the first available volumes of Niger’s crude. However, the Beninese Energy Minister stressed that this authorization will not be a guideline for the operation of the Benin-Niger pipeline. He assured that Benin had no intention to harm Niger's interests or those of their common partner, China.
The Benin minister said this thawing opens the door to talks between both parties but mentioned no date. The discussions aim to address urgent issues related to the proper conduct of operations.
For Niger, the resumption of crude shipments ensures timely repayment of its $400 million loan from China, secured against oil revenues. The loan carries a 7% interest rate and a one-year repayment period.
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...
The government will apply a 15% tax on all payments to foreign digital platforms starting Jan. 1...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims to cut costly foreign maintenance reliance for Nigerian...
ONCF targets 60% rail-incident reduction by 2030 via proactive safety overhaul Plan expands surveillance, AI tools, drones, and smart fiber intrusion...
This week across Africa, health warnings are mounting due to several intersecting factors. We are seeing a sharp rise in malaria cases continent-wide,...
Morocco launches Aerobus shuttle linking Casablanca and Mohammed V Airport Service supports Airports 2030 strategy ahead of Africa Cup of Nations ...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...