A staff team from the International Monetary Fund (IMF) has completed its October visit in Cotonou, Benin. The visit was to hold discussions on the third review of the three-year economic and financial program supported by the IMF under the Extended Credit Facility (ECF) arrangement with the Republic of Benin.
OFID – the OPEC Fund for International Development – has signed public sector loan agreements totaling more than $80 million. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and ministers from the beneficiary countries.
The World Bank has approved an International Development Association (IDA) grant of $40 million to support the government of Benin in its efforts to increase poor communities’ access to basic social services and social safety nets.
Islamic banking is gaining a strong footing in African region with the launching Islamic banking windows of Coris Bank International in Mali, Senegal, Benin and Côte d’Ivoire.
Thousands of MTN employees in 21 markets across Africa and the Middle East have launched the company’s annual employee volunteerism programme,
Headquartered in Cotonou, Benin, Atlantic AI Labs™ has dedicated its operations to unleash the potential of AI for sustainable development in Africa
Belgium Deputy Prime Minister and Minister of Foreign Affairs Didier Reynders and Deputy Prime Minister and Minister of Development Cooperation Alexander De Croo have announced the opening of 4 new Belgian embassies in Africa.
[Burkina Faso] African Legal Support Facility trains WAEMU members in oil exploration and opportunities
The African Legal Support Facility (ALSF) organized two workshops in Ouagadougou, Burkina Faso, on best practices for managing oil and mining exploration and exploitation contracts.
Kirusa, a global leader in communication solutions over data networks for consumers and enterprises, has announced the launch of its InstaVoice Channels Service in partnership with Moov, a leading telecommunications operator in Benin.
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor, in consortium with MAN Diesel and Turbo, has been awarded a US$150.26mn contract to build a 120MW gas-fired power plant in Benin.
TechnoServe has announced the launch of the BeniBiz project, which will harness the power of entrepreneurship to improve the availability of nutritious food and create economic opportunities for young people in Benin.
The Republic of Benin (Benin) has become the 17th Member State of Africa Finance Corporation (AFC), Africa's premier infrastructure development finance institution.
University of Abomey-Calavi becomes first Francophone West African University to join Mastercard Foundation scholars program
The University of Abomey-Calavi's commitment to educating next-generation African leaders received a boost today with a seven-year, USD$6.2 million commitment from the Mastercard Foundation Scholars Program.
A new World Bank Group report titled The Geography of Welfare in Benin, Burkina Faso, Côte d’Ivoire and Togo explains the failure of the sub-region’s strong economic growth (above 5 percent, annually) to translate into benefits for the population.
Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash is scaling up operations with leading digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa.
Mobile network operator MTN Benin and Youtap have launched MoMoPay, a contactless mobile payment service for MTN Benin Mobile Money users.
Kenya has set its eyes on Benin in its latest quest to expand the export market for its products, including coffee, tea and fresh produce.
Africa’s leading freight logistics chain Transnet has been on an expansion binge and is expected to set up shop in eight more African countries including Kenya, Liberia, Ghana, Nigeria, DR Congo, Senegal, Togo and Benin.
The African Development Bank Group (AfDB) Director-General for the West African Region, Janvier Litse visited the Republic of Benin from 10 to 12 April 2017 as part of a dialogue mission with the country's authorities.
The Executive Board of the International Monetary Fund (IMF) has approved a three-year arrangement under the Extended Credit Facility (ECF) for Benin for an amount of $ 151.03 million, or 90 percent of Benin’s quota to support the country’s economic and financial reform program.
The World Bank’s Vice President for the Africa Region, Mr. Makhtar Diop, will visit Benin from April 6 to 8, 2017. This will be Mr. Diop’s first visit to Benin since his appointment.
Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence.
MicroSave and The MasterCard Foundation collaborate to Advance Digital Finance Services in Francophone Africa
MicroSave, in partnership with The MasterCard Foundation, today launched a new program to develop tailored training courses in digital financial services (DFS) in francophone markets of Africa.