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Tue,22Jan2019

Benin

Benin: An insider's outsider

President of Benin, Patrice Talon. Photo©All Rights ReservedA crushing 65.4% of votes cast in favour of businessman Patrice Talon – who campaigned on a platform attacking the corruption and inertia of the government of President Thomas Boni Yayi – won him the most powerful job in Benin.

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Climate change: Scientists say time is running out to protect Africa's food supply

Photo©ReutersWithout action to help farmers adjust to changing climate conditions, it will become impossible to grow some staple food crops in parts of sub-Saharan Africa, with maize, beans and bananas most at risk, researchers said on Monday.

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Boko Haram suffer huge setback in Cameroon raid

File Photo©ReutersExtreme Islamists militants, Boko Haram have suffered severe setback and losses at the hands of the Cameroonian army, after a raid on its stronghold in northeastern Nigeria claimed the lives of over 150 militants.

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Plentiful polls across Africa in 2016, as old guard hold on to power at all costs

GIANLUIGI GUERCIA/AFPThe year 2015 hosted a bumper crop of high-stakes elections, and 2016 brings more of the same. A major trend involves presidents seeking to hold on to power for as long as possible by almost any means necessary.

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Infrastructure: Court order stops Bollore's Niger-Benin rail project

French conglomerate Bollore may have to halt work on the Niger to Benin section of its giant West Africa rail project after a rival company won a court order to stop it going ahead.

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Benin Country Profile 2015: Bashing Boni Yayi

altPresident Thomas Boni Yayi is entering the terminal stages of his second term in office, facing widespread strikes, endemic corruption and trouble organising elections.

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French billionaire Bollore prepares listing of West African train project, Blueline

File photo©ReutersFrench billionaire Vincent Bollore has hired banks to prepare for a Paris listing of his West African train project in the first half of 2016, three sources close to the process said, helping to cover financing costs.

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For a more human-focused financing

Reckya Madougou, Benin's former microfinance minister. Photos© Vincent Fournier/ JABenin's former microfinance minister set up International Key Consulting to lobby for inclusive development finance

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Banking: French bank targets Chinese investments in West Africa

Photo©ReutersFrench bank Societe Generale plans to expand its retail and commercial activities in West Africa to target increasing Chinese investments in the region, a bank executive said on Thursday.

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Finance: West Africa building an appetite for Islamic bonds

Despite strong growth in the Middle East and Southeast Asia, Islamic finance has lagged in Africa, home to a quarter of the world's Muslims, presenting an opportunity for the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Jeddah-based Islamic Development Bank.

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Banking: Rapid growth in West Africa's CFA zone makes debt manageable

Photo©ReutersThe Economic and Monetary Union of West Africa (UEMOA) plans to issue 2,865 billion CFA francs ($4.9 billion) in debt this year, down 22.4 percent from 2014 when both Ivory Coast and Senegal issued Eurobonds.

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Regional bank arranges $199 million in loans for Benin cotton season

Photo©ReutersThe West African Development Bank (BOAD) has arranged 115 billion CFA francs ($199 million) in loans to pay for cotton purchases, ginning, storage and marketing costs during Benin's 2014/15 cotton season, it said on Friday.

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The Paris Africa rally

If ever there was a time for a unity march against terror, it is now in Nigeria in the election season.

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A popular uprising concentrates the minds of African leaders

President Yoweri Museveni, Uganda (L) President Paul Kagame, Rwanda (R)The game of thrones and succession planning in Africa was jolted by the spectacle on 31 October of Burkina Faso's President Blaise Compaoré fleeing the mass street demonstrations in Ouagadougou on a French helicopter for exile in neighbouring Côte d'Ivoire.

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Oil and Gas: Cote d'Ivoire's Foxtrot aims to secure gas output for next decade

File Photo©ReutersIvory Coast's Foxtrot International expects to secure natural gas production for the next decade with a series of new offshore wells it will begin drilling next year, company officials said on Wednesday.

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Art: Africa's time is now

Romuald Hazoumè’s Rat-Singer. Second to God at the Art14 fair in London. Photo©Luigi Petro/Demotix/CorbisWhile the Saatchi Gallery and Bonhams bring some of the finest African contemporary art to London this month, collecting fervor has also gripped the continent itself.

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Nigeria joins forces with France and neigbours to fight terrorism

Nigeria has agreed to work with France, Cameroon, Niger, Benin, and Chad in its battle to curb operations of the extremist Islamic group, Boko Haram.

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High Sea Piracy in West Africa stokes widespread security concerns

A crew member prepares to board the RBD Anema E Core in the Lomé anchorage; the tanker was hijacked by pirates in Benin in 2011. Photo©IRIN/Daniel HaydukWhile piracy in Somalia's Gulf of Aden is currently on the decline, it has spread to West Africa. But for many people, the phrase maritime piracy evokes images of a one-eyed sailor drinking rum and singing obscene songs, or like Hollywood actor Johnny Depp, wearing a headband in a scene from the film Pirates of the Caribbean. 



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Ecobank to support Lagos-Abidjan transport corridor

The proposed corridor will run through five of the fifteen West African countries, starting in Cote d'Ivoire and ending in NigeriaPan-African bank Ecobank is working with authorities in Cote d'Ivoire and Nigeria on the Abidjan-Lagos corridor project, a transnational highway which passes through five West African countries.

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West Africa, from transit to production of illicit drugs

PHOTO©ISSOUF SANOGO/AFPWest Africa has found a new niche in the international drug trade.

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