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
I.M.F. completes two reviews, unlocking about $2.3 billion for Egypt Inflation has fallen sharply, and currency pressures have eased The...
Fiscal deficit cut to 3.1% of GDP Debt revised to 60.5% of GDP end-2024 The International Monetary Fund said on Tuesday, Feb. 24, it had...
Liquid repays ZAR loan and $220 million facility Secures $410 million new credit, $195 million equity Plans $300 million bond...
IMF mission begins in Gabon to review finances Public debt reached 72.5% of GDP in 2024 Talks may lead to new IMF-supported programme An...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...

Algeria–Morocco: Will the Gas Pipeline Duel Take Place? (Editorial)
03

West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...

BOAD Launches 2026–2030 Strategy With Boston Consulting Group Support
04

Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...

Africa’s Comeback on International Market: Kenya Adds-up to The 2026 Wave of Sovereign Issuances
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
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.