Telecom

Benin’s SBIN granted tax exemptions for telecom network growth

Benin’s SBIN granted tax exemptions for telecom network growth
Wednesday, 21 February 2024 19:00

The government of Benin is stepping up initiatives to increase internet coverage and adoption across the country. As part of this ambition, the state is betting on the Benin Digital Infrastructure Company, which was officially launched in October 2022 and is managed by Sonatel.

The Benin Digital Infrastructure Company (SBIN) will enjoy an exemption from import duties and taxes on equipment for its telecom network expansion project across the country. This public company was granted a special investment regime for its expansion project during the Cabinet meeting on Wednesday, February 14. However, we learned that this exemption does not apply to roadway taxes, statistical taxes, customs stamps, community levy (PC), community solidarity levy (PCS), and solidarity levy (PS).

Through this initiative, the government seeks to "provide stable and reliable internet connection" nationwide as part of its efforts to accelerate the country's digital transformation and make it a driver of socio-economic development. For FY2024, the Digital and Digitization Ministry has been allocated a budget of CFA24.3 billion ($39.7 million), up from CFA31 billion in 2023.

According to data from the Electronic Communications and Postal Regulatory Authority (ARCEP), SBIN leads the fixed internet market with 19,154 subscribers out of 24,641 in the first quarter of 2023. The network expansion project should enable SBIN’s mobile telephony subsidiary, Celtiis, to reach millions of people and increase its market share against competitors like MTN Benin and Moov Africa Benin.

ARCEP statistics show that the company had about 1.7 million mobile telephony subscribers by the end of the third quarter of 2023, holding a market share of 10.52%, compared to 34.06% for Moov Africa and 55.42% for MTN. In the mobile internet market, it had 423,610 subscribers in the first quarter out of a total of 10.14 million.

On the same topic
Ghana, Italy strengthen cybersecurity cooperation to protect digital infrastructure Initiative supports digital economy growth amid rising cyberattack...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions, or removals for violations Move follows rapid...
Ugandan telecoms urge removal of duties on entry-level smartphones Operators say high taxes limit affordability, boost smuggling Low...
Two agreements signed on AI, training, and digital regulation Scholarships and training programs target skills development Partnership...
Most Read
01

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
02

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...

Nigeria, Nestlé partner to strengthen dairy sector skills
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
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.