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Benin President secures $112.5m financing pact in Paris

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Benin President Wadagni concludes first official France visit with new funding deals

Newly elected Beninese President Romuald Wadagni concluded a diplomatic visit to Paris, securing major bilateral financing agreements worth €99.79 million ($112.5 million) focused on critical infrastructure, energy expansion, agriculture, and public healthcare.

 

The financial package includes two separate agreements with the French Development Agency totaling €94.4 million ($106.4 million), alongside a €5.39 million ($6.08 million) mandate letter signed with Banque Publique d’Investissement.

 

A major allocation of €79.4 million ($89.5 million) will target rural electrification, extending grid access through 120 000 new connections across 750 localities. An additional €15 million ($16.9 million) has been designated to boost sustainable agriculture, local fish farming (pisciculture), and health infrastructure.

 

According to political analyst and commentator Aristide Kanoussou, Wadagni’s first official state visit to France marks a critical shift in securing direct economic partnerships for Benin.

 

–ChannelAfrica–