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.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...
Kenya Airways appointed Chief Operating Officer George Kamal as interim CEO following Allan Kilavuka’s departure. Kilavuka exits after steering the...
Senegal and Gambia agreed on a five-year action plan covering 2025–2030 to deepen cooperation in higher education, research and innovation. The...
AMEA Power commissioned a 120-MWp solar photovoltaic plant in Kairouan, Tunisia’s largest to date. The project marks Tunisia’s first renewable...
The African Development Bank secured $11 billion in pledges to replenish the African Development Fund. The amount rose from the previous cycle...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...