Public Management

Benin reaches security deal with Japan to tackle terrorist threat

Benin reaches security deal with Japan to tackle terrorist threat
Friday, 27 October 2023 19:52

Although less affected than its neighbors, Benin has also been facing an upsurge in terrorist attacks in its northern part since 2021.

Benin's Minister of Economy and Finance, Romuald Wadagni, reached a deal last October 24 with the Chargé d'Affaires a.i. of the Japanese Embassy in Benin, Motonobu Ichijo. The agreement is aimed at financing Benin's "Economic and Social Development Program". It will contribute to strengthening the country’s security system as part of the fight against terrorism.

Specifically, Japan will provide the West African country with rolling stock and emergency equipment, for about CFA1.6 billion ($2.6 million), according to a press release from the japan Embassy. The deal "falls within the framework of Japan's non-refundable grant, the objective of which is to support the Government of Benin in further strengthening the operational capacities of Republican Police units and services in charge of civil protection, in the fight against terrorism in Benin", the press release explained.

The agreement comes at a time when terrorism is tightening its grip on Benin, which has had to deal with this new reality since 2021. Although on a smaller scale than the violence suffered by its neighbors, the threat remains persistent, especially against the backdrop of the Sahel's fragility.

Endogenous factors such as the illegal trade in adulterated fuel, commonly known as "Kpayo", are, according to experts, a source of funding for the armed terrorist groups operating in the north of the country. At the same time, the departure of foreign military forces deployed as part of the fight against terrorism, driven out by the juntas that have conquered power in the Sahel region, could lead to an upsurge in attacks.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Egypt receives $3.5 billion initial payment from Qatar-backed coastal project Deal targets Mediterranean real estate and tourism...
GTCO wins CBN and SEC approval for 10 billion naira private placement Fundraise aims to meet holding company prudential capital...
Togo parliament approves 2026 budget at 2,751.5 billion CFA francs Budget rises 12.93% from revised 2025 spending levels Measures include...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect borrower data, expand regional credit information...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
03

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
04

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
05

The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan...

Gates Foundation, ADQ Invest $40M in AI for African Education
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.