Benin mobilises €500 million in international financing with African Development Fund support
Benin, Sept. 29 -- The Republic of Benin has secured €500 million (approximately CFAF 328 billion) in international bank financing, supported by the African Development Fund, for priority investments in education, health, water access, infrastructure, renewable energy, agriculture, and job creation for young people and women.This landmark transaction, completed on 18 September 2026, follows the 17th replenishment of the African Development Fund (ADF-17), agreed in December 2025 as the largest in the Fund's history. It builds on the first financing concluded in 2023 with support from the Fund, the concessional window of the African Development Bank Group. The transaction demonstrates the pan-African institution's capacity to support co...
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