Telecom

Benin and China ink US$40 mln loan agreement for supplemental backbone project

Benin and China ink US$40 mln loan agreement for supplemental backbone project
Wednesday, 15 September 2021 16:12

Yesterday September 14, 2021, Benin and China signed close to US$40 million concessional loan agreement for the implementation of the broadband internet project PDRHD. The deal was signed by Minister of Foreign Affairs Aurélien Agbénonci, representing Benin (the beneficiary), and Peng Jingtao, Chinese ambassador to Benin.

According to minister Aurélien Agbénonci, the funds thus provided will help install over 484.1 kilometers of fiber optics in four departments: Mono, Zou, Collines, and the North.

They will also help build a 204.8-kilometer metropolitan broadband network covering ten urban areas, including Route des pêches, the 40-km trunk road connecting economic capital Cotonou to the historical city Ouidah.

"The project will also help connect lake zones to the national fiber optics backbone thanks to the beam technology to allow everyone access to digital technologies in Benin," the official commented.

PDRH is a supplemental project to PDI2T launched by the government in 2016 in the telecom and IT sector. There is no current statistic about the PDI2T but as of April 2018, two months before its projected deadline, it was already 83% completed with 67 out of the 77 municipalities targeted connected to the national backbone.  

On the same topic
37 companies express interest in satellite-based internet program Initiative aims to extend connectivity to remote and underserved...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband access and reduce digital gaps Opens potential...
Government moves to counter surge in AI-enabled cyber fraud Mobile money fraud exceeds $30 million annually as attacks rise New...
Ethio Telecom, Mastercard discuss expanding cross-border payments partnership Collaboration targets remittances, fintech integration, multi-currency...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...

MTN Ghana Completes Mobile Money Spinoff, Creates Standalone Fintech Entity
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.