Telecom

Benin and China ink US$40 mln loan agreement for supplemental backbone project

Benin and China ink US$40 mln loan agreement for supplemental backbone project
Wednesday, 15 September 2021 16:12

Yesterday September 14, 2021, Benin and China signed close to US$40 million concessional loan agreement for the implementation of the broadband internet project PDRHD. The deal was signed by Minister of Foreign Affairs Aurélien Agbénonci, representing Benin (the beneficiary), and Peng Jingtao, Chinese ambassador to Benin.

According to minister Aurélien Agbénonci, the funds thus provided will help install over 484.1 kilometers of fiber optics in four departments: Mono, Zou, Collines, and the North.

They will also help build a 204.8-kilometer metropolitan broadband network covering ten urban areas, including Route des pêches, the 40-km trunk road connecting economic capital Cotonou to the historical city Ouidah.

"The project will also help connect lake zones to the national fiber optics backbone thanks to the beam technology to allow everyone access to digital technologies in Benin," the official commented.

PDRH is a supplemental project to PDI2T launched by the government in 2016 in the telecom and IT sector. There is no current statistic about the PDI2T but as of April 2018, two months before its projected deadline, it was already 83% completed with 67 out of the 77 municipalities targeted connected to the national backbone.  

On the same topic
Morocco commits 1.3 billion dirhams to support domestic startups Funding targets business creation, venture capital, and Technopark network Programs...
Egypt licenses fintech Tpay as the country’s approved Direct Carrier Billing provider for government payments Citizens can pay electricity bills,...
Yango invested in Ghanaian startup Gigmile through its venture arm, Yango Ventures. Gigmile provides financing and management tools for last-mile...
Ghana signed an agreement with Telecel Group to train 100,000 young people under the “One Million Coders” initiative. The government targets...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.