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African Development Bank Group (AfDB)

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    • Benin's Minister of Economy and Finance, Romuald Wadagni, announces $ 2 million for the African Development Fund at the opening session of the Mid-Term Review of the 16th Replenishment of the Fund. Cotonou, October, 2024
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Source: African Development Bank Group (AfDB) |

ADF-16: Benin to contribute $2 million to the African Development Fund

Benin becomes the seventh African country to contribute, joining Algeria, Angola, the Democratic Republic of Congo, Egypt, Morocco and South Africa

Benin joins six other African countries that contribute to ADF; 74 million people in Africa have benefitted from improvements in agriculture for food security through the Fund. Benin has pledged $2 million to the next replenishment of the African Development Fund, the concessional window of the African Development Bank Group.…

African Development Bank Group (AfDB)

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    • Justine Gantekpin’s thriving market garden in Djeffa, expanded thanks to the support of project
    • A PAIAVO project beneficiary tending to his plot
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Source: African Development Bank Group (AfDB) |

Modernizing Agriculture: African Development Fund Project Changes Lives in Benin’s Ouémé Valley

Launched in 2014 with €63.63 million in funding from the African Development Bank Group’s concessional window, the African Development Fund, the project has supported 14 localities across Benin’s Ouémé, Zou, and Atlantique districts

The sun rises early over Djeffa, a locality in southeastern Benin’s Sèmè-Podji district where Justine Gantekpin is already tending to her flourishing vegetable farm. Thanks to the African Development Fund Project for Support of Agricultural Infrastructure in the Ouémé Valley (http://apo-opa.co/3Ydp5vP), Gantekpin has expanded her farm from a small plot…

African Development Bank Group (AfDB)

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    • African Development Fund crucial in development and modernisation of Benin sheep industry (1)
    • African Development Fund crucial in development and modernisation of Benin sheep industry (2)
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Source: African Development Bank Group (AfDB) |

African Development Fund crucial in development and modernisation of Benin sheep industry

The project, completed in 2017, recorded satisfactory results between 2012 and 2017: the annual mortality rate fell from 12 percent to 3 percent for cattle

In the early 2000s, Benin reformed its sheep industry, largely because meat and milk production was insufficient to meet local demand. The objective was to r0educe imports, then estimated at an average of 60,000 tonnes of meat and 40,000 tonnes of milk annually. The African Development Fund, the African Development…

African Development Bank Group (AfDB)

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    • Standing in front of his oven, baker Pierre Gbenou Tito Dossou makes full use of the electricity supply
    • Electricity pylons have been installed in urban areas of Benin to connect numerous households to the power grid
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Source: African Development Bank Group (AfDB) |

From darkness to light: Local bakeries and homes flourish under Benin’s new urban electricity project

The project is funded by the African Development Fund, the concessional window of the African Development Bank Group, which provided a $9.08 million loan and a $7.28 million grant

The bustling sound of dough kneading fills the air at Pierre Gbenou Tito Dossou’s bakery in Okoun-Sèmè, Benin, as the once energy-starved business now hums along smoothly. Orders for bread, croissants, and chocolate pastries are met on time, a feat Dossou attributes to a newly stable power supply. “I struggled…

African Development Bank Group (AfDB)

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    • In addition to improving the investment climate, the AfDB's budget support will enable Benin to invest in the agro-industrial sector, which is essential for its socio-economic development. (1)
    • In addition to improving the investment climate, the AfDB's budget support will enable Benin to invest in the agro-industrial sector, which is essential for its socio-economic development. (2)
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Source: African Development Bank Group (AfDB) |

African Development Fund grants $60 million loan to Benin to strengthen its economic governance and private sector development

The funding brings the total amount granted to Benin to over $100 million through programmatic budget support covering 2023 and 2024 fiscal years

The Board of Directors of the African Development Fund, the African Development Bank Group’s (www.AfDB.org) concessional window, approved on Thursday a loan of $60 million to the Republic of Benin to finance the second phase of the country’s Economic Governance and Private Sector Development Support Programme. The funding brings the…

African Development Bank Group (AfDB)

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    • Participants at the workshop discussing the provisional report on the development of the textile industry in Benin. Third from left, Mr Robert Masumbuko, the African Development Bank’s representative in Benin and Ms Mariam Chabi Talata Zimé Yérima (fourth from left), Vice-President of the Republic of Benin
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Source: African Development Bank Group (AfDB) |

Benin: The African Development Bank Supports a Study Aimed at Strengthening the Textile Industry Through the Private Sector

The meeting helped to identify opportunities and make core proposals to strengthen efforts to dynamize the cotton industry

The Country Office of the African Development Bank Group (www.AfDB.org) in Benin - one of Africa’s leading cotton producers - organised a workshop in Cotonou on 31 July 2024 to provide feedback about a study on private sector players bringing fresh momentum to the country’s textile industry. The meeting marked…

African Development Bank Group (AfDB)

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    • As night falls, street-lighting helps Fatima Hounkanrin keep her shop open, in Sèmè-Kpodji.
    • Bertrand Éric Lokossou is delighted to have an electricity meter at home.
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Source: African Development Bank Group (AfDB) |

“Light drives development!”: Electricity supply to Sèmè-Kpodji in Benin means Fatima Hounkanrin can keep her shop open till late at night

A second goal is to improve the quality of electricity supply and reduce energy wastage – estimated at 23 percent in 2015 – in the Electricity Corporation of Benin’s sub-transmission networks

Night has fallen on Sèmè-Kpodji, a lively town on the shores of the Atlantic Ocean, in south-east Benin. Many of the city’s residents are still busy working, including Fatima Hounkanrin, 30, who runs a small shop selling tomatoes, pepper, soap, drinks and other household goods. Thanks to new street-lighting in…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Benin announced as latest beneficiary of unlocked climate finance lending from Room 2 Run Sovereign Programme, a joint initiative of the African Development Bank and the United Kingdom (UK)

The Bank provided a loan of $129 million to the project to improve living conditions in secondary towns throughout Benin by implementing various climate adaptation activities

The African Development Bank (www.AfDB.org) and the UK have announced the Secondary Town Stormwater Drainage Project in Benin as the latest beneficiary project under the Room to Run Sovereign transaction (R2RS). Under the R2RS transaction, the UK Government provided a guarantee to the Bank, unlocking additional climate finance for projects…

African Development Bank Group (AfDB)

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    • The African Development Bank's contribution aims to boost the development of the private sector so as to increase its input into Benin's economy
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Source: African Development Bank Group (AfDB) |

Benin: African Development Bank approves loan of approximately €39 million to boost private sector’s contribution to economic development

This programme will increase the private sector's contribution to economic growth by enhancing the overall business climate, developing the agri-food sector and strengthening climate action

On 13 December 2023 in Abidjan, the Board of Directors of the African Development Fund, the African Development Bank Group’s (www.AfDB.org/en) concessional window, approved a €38.84 million loan to Benin to help implement the initial phase of the Economic Governance and Private Sector Development Support Programme. This programme will increase…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Canada – African Development Bank Climate Fund approves $36.3 million in support to climate adaptation on the continent

In Benin, CACF will support the design of climate-proofing measures and best practices in port operations that mitigate the imminent climate change risks associated with temperature and sea level rises and droughts

The Canada–African Development Bank Climate Fund (CACF), established to support gender-affirmative climate change projects in Africa, has approved $36.3 million to two private sector operations to advance climate adaptation in the African continent. The amount, in the form of concessional loans to the private sector companies, comprises $18.3 million approved…