Benin secures 249.5 billion for roads, agriculture and energy
By the AFREEQUE newsroom, based on Alwihda InfoOur method
Benin has signed three financing agreements totalling 249.5 billion CFA francs with the Islamic Development Bank and the Arab Bank for Economic Development in Africa. The funds will notably finance a road on the Abidjan-Lagos corridor, agriculture and electricity, according to Alwihda Info.
Benin signed three financing agreements totalling 249.5 billion CFA francs, or more than €380 million, on 12 and 13 October 2026. The agreements were concluded with the Islamic Development Bank (IsDB) and the Arab Bank for Economic Development in Africa (BADEA), reports Alwihda Info.
The financing is intended for projects in the roads, agriculture and electricity sectors. They were signed on the sidelines of the annual meetings of the World Bank and the International Monetary Fund, held in Bangkok. Benin had also raised funds from the IsDB for electricity and agriculture.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
