The Republics of Benin and Togo recently received approval for a US $40.8 million loan to upgrade a four-lane 30 kilometer road section that runs between the capitals of both countries. The repairs will reinforce the road and help minimize impacts of coastal erosion along the route.
Benin Tender and Business News
George Otieno, the CEO of the African Trade Insurance Agency (ATI), recently met with the newly appointed President of Benin, H.E. Patrice Talon, to discuss possibly use of at least part of ATI's $760 million worth of investments in its pipeline. The goal is to find a way to support Benin's Vision 2030 that places Public Private Partnerships on energy and business development at its core.
A dramatic decline in Africa’s savanna elephant populations caused by poaching – as exposed by the results of a three-year aerial survey released this week – has piled pressure on reluctant governments to back proposals that would lead to bans on domestic trade in ivory. The issue is being raised at the IUCN World Conservation Congress happening in Hawaii this week.
A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.
As part of the conclusions released after the recent African Parliamentarian's Network on Development Evaluation (APNODE), the participants stressed the need for a combination of law and policy to support development and prevent the exodus of capital from the region.
AfriCar group (at www.africargroup.com) recently launched operations as the first car classifieds network on the continent.
Africa's major cotton producing countries are already seeing positive results from World Trade Organization member decisions to ease trade restrictions, decisions that took effect on July 1. More still needs to be done to improve market access and eliminate export subsidies from government programs, however.
United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.
The African Union has just established the African Audiovisual and Cinema Condition as a specialized agency within the AU. Establishment of the AACC was first called for by the AU Executive Council in Maputo, Mozambique, in 2003.
The African Innovation Foundation (AIF, AfricanInnovation.org) recently named its award winners on the fifth anniversary of its Innovation Prize for Africa (InnovationPrizeforAfrica.org). The top two awards went to nominees from Benin and South Africa. There was also a Special Prize for Social Innovation announced during the same ceremony.
A team from the International Monetary Fund, led by Christine Dieterich, Mission Chief for Benin, visited Cotonou from June 6-18. The purpose was to start discussions with IMF representatives about a possible three-year economic program supported by the IMF's Extended Credit Facility (ECF) arrangement.
The United Nations will undertake a major review of progress made in the world’s 48 Least Developed Countries (LDCs) later this month.
SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.
A new industry report forecasts future trends for the growing worldwide demand for cardiovascular needles. North Amnerica is expected to continue to lead demand for the products, but all regions are seeing increased demand.
The World Health Organization just issued its latest Zika Virus situation report, including maps showing the spread of the virus worldwide and recommendations for those who are or may become infected.
A 6,830-ton North Korean cargo ship was seized by Philippine government officials as it docked into Subic Bay on March 3. The vessel, its cargo and its crew will be held indefinitely as part of new tougher United Nations sanctions recently approved against the North Korean government.
A new study by ABI Research suggests that despite a floating myth speculating that it will only be a matter of time before personal computers meet their demise, the market is still going strong and shows no sign of slowing down in the immediate future.
The FAO Food Price Index was stable in February, as falling sugar and dairy prices offset a substantial jump in vegetable oil prices from the previous month.
Vizocom is forming a strategic partnership with fixed satellite solution service provider iSAT Africa to merge mutual business relationship and operate satellite platforms such as the AFRICASAT-1a.
A growing number of pollinator species worldwide are being driven toward extinction by diverse pressures, many of them human-made, threatening millions of livelihoods and hundreds of billions of dollars worth of food supplies, according to the first global assessment of pollinators.
Despite growing interest in safeguarding biodiversity of livestock and poultry, genetic erosion continues.
Africa is eating more rice than other food staples, though it produces less than it needs. This is good news for the cereal’s potential to help Sub Saharan Africa out of poverty according to researchers.
The first regular direct container/ roro service between Houston and West Africa was launched by Italy's Grimaldi Lines at the Port of Houston Authority’s Barbours Cut Container Terminal on February 12.
A petition has been posted on the White House's web site calling for Obama's prosecution for war crimes in The Hague.
BigTime, a leading mobile marketing firm announced that it has inked a milestone 2-year general framework agreement with MTN Group covering 20 MTN OpCos/carriers in Africa, Europe and the Middle East.