The French Development Agency (AFD) is giving the Republic of Benin $41.5 million to renovate the lacustrine town of Ganvié. The agreement was inked Thursday by Benin’s minister of finance, Romuald Wadagni, the French Ambassador to the country, Véronique Brumeaux, and the AFD’s MD, Adrien Haye.
The sum is split into about $37.6 million of credit and $3.8 million of grant. With this project, the government of Benin wants to give a new face to the “Venise de l’Afrique,” currently on UNESCO's World Heritage Tentative List of nominations, in order to boost tourism revenues.
Work consists of the construction of a flood-adapted road between the towns of Akassato and Sô-Ava, the development of the Abomey-Calavi pier and fish market, the connection of residents to public water and electricity networks, as well as the rehabilitation of collective and community spaces such as the Maison de la Francophonie.
“The preservation of the biodiversity of Lake Nokoué, through the sustainable exploitation of its resources and the promotion of economic activities alternative to fishing, is also one of the aims of the project,” the French Embassy said in a statement. The project is expected to benefit about 50,000 people.
Moutiou Adjibi Nourou
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
Himile to invest $100 million in Egypt factory Plant to create up to 2,000 jobs Facility to serve Middle East, Europe, Americas...
EU allocates €63 million humanitarian aid to Somalia WFP warns programs could halt without $95 million 6.5 million Somalis face...
Parliament approves €140 million (about $165 million) IsDB financing Funds to pave 53-km Mali–Gadalougué road and related...
New joint authority to manage Kazungula Bridge and one-stop border post Move aims to cut transit delays and support AfCFTA integration Bridge...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...