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
Public debt rose to CFA8,606.6 billion by end-October 2025 Domestic debt now exceeds CFA4,391 billion, driven by regional markets Debt arrears...
Togo cut projected 2025 budget revenue by 1% to CFA1,472 billion while raising spending by 2.3% to CFA1,717.1 billion. The revised budget shows a...
Togolese banks granted CFA903 billion in new loans by end-September 2025, up 22% year on year. The National Credit Council cited sustained...
Ecobank and Coris Bank dominate WAEMU public securities market Ecobank leads largest, liquid markets; Coris strong in Sahelian states Banks...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...

Fitch Says Côte d’Ivoire Has “Left Political Risk Behind” as Rating Upgrade Highlights Strengthening Fundamentals
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.