The World Bank has allocated a total of $200 million to support the government of Benin in its effort to improve access to electricity in the country. The money will be disbursed via the International Development Association IDA.
The project will consist of the construction of 2,000 km of medium voltage lines and 4,000 km of low voltage lines. At least 20,000 streetlights will be installed in target areas, 80,000 kVa transformers will also be deployed at 1,100 sites.
Overall, the project is expected to benefit more than 150,000 households, about 1,000 small and medium enterprises, and 500 basic utilities. "This operation will bring social benefits to households and business opportunities to micro, small and medium enterprises that need available and affordable energy to grow," said Atou Seck (pictured), World Bank Country Director for Benin.
According to World Bank data, in 2019, Benin's electricity access rate was 40.3%. Results from the Geospatial Indicative Electrification Planning Study completed in November 2020, indicate that by 2025, about 91% of Benin's population would live within 7 kilometers of the electricity grid.
Gwladys Johnson Akinocho
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...
French journalist Christophe Gleizes files cassation appeal against Algeria conviction Appeal challenges seven-year sentence for...
Sovereign Metals signs collaboration agreement with World Bank’s IFC IFC may finance Malawi Kasiya rutile, graphite project, costing $665...
FDI outflows dropped sharply from the previous quarter, SARB data show Decline driven mainly by Anglo American’s exit from Valterra...
Port of Dakar launches Jambaar project to modernize non-container terminal €85 million investment targets bulk and conventional cargo...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...