Public Management

French Development Agency gives Benin $41.5 mln to renovate tourist site Ganvié

French Development Agency gives Benin $41.5 mln to renovate tourist site Ganvié
Friday, 27 September 2019 16:10

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BYD to reach 35 South African dealerships by early 2026, accelerating plan EV market share rises to 2.4%, driven by hybrids and consumer...
Government repaid about CFA1 200 billion from January to November 2025 Internal revenues reached CFA2 500 billion, equal to 105 % of...
Proparco offers a €1.5 million guarantee to support Teranga Capital’s SME investments. The mechanism lowers risk and backs a €3 million...
WAEMU banking liquidity increased by CFA1,700 billion ($3.02 billion) in one year, according to BCEAO Governor Jean-Claude Kassi...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
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.