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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…

African Development Bank Group (AfDB)

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    • Matthew Antwi, lorry driver and coconut haulier, is wasting less time and feeling calmer thanks to the renovated road and its new lighting.
    • The project is funded jointly by the African Development Bank, the European Union, the West African Development Bank, the Islamic Development Bank and the Global Environment
    • An aerial view of the Togokomè-Avépozo section of the Lomé-Cotonou road, built thanks to support from the African Development Bank, the European Union and other partners
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Source: African Development Bank Group (AfDB) |

Community gearing up for progress as renovated Lomé-Cotonou road slashes travel times

The project provides a direct benefit to transport users and indirectly benefits 1.7 million people in the two countries

Matthew Antwi is a haulier and works for a Nigerian business that exports coconuts. He regularly drives the Lomé-Cotonou road from his home country Ghana to deliver the nuts to Nigeria. “A few years ago, it took around two hours to complete all the formalities at the border and up…

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

Benin, Côte d’Ivoire to premier African Development Bank’s African Green Bank facilities

The African Green Bank initiative was conceived as part of measures to facilitate access to global finance from the current 3% to 10% annually by 2030

The African Development Bank (www.AfDB.org) is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian…

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    • Robert Masumbuko, African Development Bank Benin Country Manager, explained that the workshop aimed to help Beninese small and medium textile enterprises enhance their structure
    • Actors in Benin's textile value chain attended the workshop to explore alternative strategies to boost the sector
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Source: African Development Bank Group (AfDB) |

Benin: African Development Bank, government and stakeholders explore strategies to boost the textile sector

The aim was to understand the needs and expectations of the textile manufacturing ecosystem and to incorporate local actors into value chains for mass-production of textiles

The African Development Bank Group's (www.AfDB.org) country office in Benin held a workshop on the challenges facing the country’s textile industry and how to build the capacity of stakeholders to develop value chains. The workshop drew fabric producers, dyers, stylists, designers, embroiderers, seamstresses, consumers, support function professionals, and value chain…

African Development Bank Group (AfDB)

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    • A Beninese farmer transplanting Nerica rice. The African Development Fund partial credit guarantee will allow Benin to raise funds to invest in sustainable development sectors such as agriculture.
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Source: African Development Bank Group (AfDB) |

Benin: African Development Fund to Provide Partial Credit Guarantee to Facilitate Resource Mobilization for Sustainable Development Goals

The partial credit guarantee will enable Benin to raise funds in foreign currency from international investors for expenditures related to meeting SDG targets

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Benin’s mobilization of financing to meet United Nations Sustainable Development Goals (SDGs) targets. The partial credit guarantee will enable Benin to raise…

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    • In Benin, the Ouémé Valley is recording a surplus of agricultural food production (rice, maize), thanks to a project supported by the African Development Bank.
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Source: African Development Bank Group (AfDB) |

Residents of Benin’s Ouémé Valley Increase Their Incomes, Thanks to an African Development Fund Project

The project, expected to close in December 2022, received $74.83 million in co-funding from the African Development Bank Group's concessional arm, the African Development Fund

Following its launch in Benin in 2013, the Ouémé Valley Rural Infrastructure Support Project (https://bit.ly/3bnewkj) successfully improved the incomes of local populations. Rice farmers in the region now earn $361.47 a year, surpassing the target of $221.99. The project, expected to close in December 2022, received $74.83 million in co-funding from…

African Development Bank Group (AfDB)

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    • African Development Bank New Series of African Country Gender Profiles Show Progress in Addressing Gender Discriminatory Law
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Source: African Development Bank Group (AfDB) |

African Development Bank New Series of African Country Gender Profiles Show Progress in Addressing Gender Discriminatory Law

The Bank’s country gender profiles evaluate gender equality and offer recommendations to drive parity across a range of metrics

New reports the African Development Bank (www.AfDB.org) has produced on Benin, Djibouti, Somalia, Zimbabwe and Liberia show the countries have successfully put national policies in place to advance gender equality. At the same time, the Covid-19 pandemic has sharpened the challenges women face.    Prepared in collaboration with the countries…

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

Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report

The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa

The African Development Bank and the Climate Investment Funds [CIF (https://bit.ly/3vSPNtq)] have joined forces (https://bit.ly/2OQ4QU9) to produce a study of the role of green banks and national climate change funds in mobilizing finance to support low-carbon, climate-resilient development in Africa. The ground-breaking study (https://bit.ly/2OY4mv7), released on Tuesday 23 March, is…