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Benin secures €500 million in international financing backed by African Development Fund
Benin secures €500 million in international financing backed by African Development Fund
The Republic of Benin has mobilized €500 million, roughly CFAF 328 billion, in international bank financing with support from the African Development Fund (ADF) to advance priority investments across several sectors. The transaction, finalized on 18 September 2026, will channel resources into education, health, water access, infrastructure, renewable energy, agriculture, and job creation for young people and women, according to a press release by the African Development Bank Group. It marks a milestone operation supported by the concessional window of the pan-African institution. The deal illustrates how guarantee mechanisms can unlock large volumes of private capital for development. It also builds on Benin's earlier 2023 financing achieved with the Fund's backing.
Kenya: Proparco invests in Farm to Feed to cut food loss
Kenya: Proparco invests in Farm to Feed to cut food loss
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Ireland backs WFP initiatives for self-reliance and social protection in Uganda
Ireland backs WFP initiatives for self-reliance and social protection in Uganda
UNECE urges policymakers to lower the ‘cost of change’ for sustainable energy choices
UNECE urges policymakers to lower the ‘cost of change’ for sustainable energy choices
CAREC marks 25 years with over $60 billion in investment
CAREC marks 25 years with over $60 billion in investment
FAO urges cuts to food loss and waste to protect forests
FAO urges cuts to food loss and waste to protect forests
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