The government of Benin will receive $50 million from the World Bank to continue the fight against the coronavirus pandemic.
According to Atou Seck, the World Bank's Country Director for Benin, the financing will make it possible to make up the shortfall in state budget resources to meet the basic social needs and those of the productive sector. It will support the reforms undertaken by the government to strengthen fiscal and debt management, improve the financial viability of the energy sector, and promote the development of the digital economy.
With 1,187 cases of coronavirus, including 19 deaths and 323 recoveries, Benin has in recent days witnessed a rapid propagation of the pandemic, which could lead to a strengthening of restrictive measures likely to slow down economic activity. The introduction of the disease into the country a few months ago had already led to a decline in growth prospects and government revenue for this year, while significant social spending is planned in the 2020 state budget.
The new funding brings to $90 million the total amount disbursed by the World Bank to the West African country as part of the fight against the coronavirus pandemic.
Moutiou Adjibi Nourou
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Amazon plans to launch satellite internet services in South Africa in 2026 Project would rely on partnerships with local operators, unlike Starlink’s...
Opaia launches plant with capacity of 22,000 vehicles a year Factory to assemble cars, utility vehicles, and 1,000 buses Project expected to...
Regional growth outlook revised up by 0.2 point from October forecast Nigeria growth raised, South Africa also revised slightly...
MINGO has signed a deal with African Boxing to deliver ticketing across 54 countries, becoming the main boxing events platform. Counterfeit...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...