Benin secures $65 million to extend electricity to 127 towns
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Benin signed a $65 million financing agreement with the Arab Bank for Economic Development in Africa (BADEA) to bring electricity to 127 communities across the country.
The government of Benin plans to use the funds, equivalent to 35.75 billion CFA francs, to expand and upgrade the electrical grid through the Société béninoise d’énergie électrique (SBEE). The project will connect 61,127 households, public services, and 4,300 small businesses in seven of Benin’s departments: Alibori, Atacora, Atlantique, Borgou, Collines, Ouémé, and Plateau.
This funding represents part of a larger series of agreements Benin finalized in Bangkok during meetings of the World Bank and the International Monetary Fund. Benin also secured additional co-financing from the Islamic Development Bank totaling 326.06 million euros for infrastructure and agricultural programs. The government has not yet announced a timeline for completing the electricity connections or specified which towns will receive power.
