Benin Signs Entry To Africa Finance Corporation

Last week, the Republic of Benin signed on to join the Africa Finance Corporation (AFC), a multilateral institution that finances infrastructure development in Africa. The letter of accession was signed by the Minister of Economy and Finance, Romuald Wadagni. Benin becomes the 17th member of the pan-African organisation. With a vast coastline, the country is a commercial hub for the sub-region. It has huge commercial assets, including the Port of Cotonou. The main source of public revenue, the p


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