AGP Executive Report
Last update: 3 hours agoCross-Border Trade: Benin and Nigeria’s customs and police services agreed to share intelligence and coordinate patrols, aiming to curb smuggling while making the border corridor safer for legitimate trade. Cotonou Investment: The city’s proposed 2027 budget totals 72.4 billion FCFA, with investment spending set to rise 47.54% as operating costs fall 6.44%; more than 74% of resources are earmarked for investment. Energy: Axian has secured financing for a 62MW solar portfolio in Benin, while the country is also included in the first phase of a $690 million Africa climate facility supporting clean energy and resilient infrastructure. Fuel Prices: Mini-stations sell petrol for about 850 FCFA a litre, 100 FCFA above the official service-station price, though they allow smaller purchases. Regional Industry: Afreximbank’s $81.9 million loan will help expand a Nigerian tile plant and triple output; the company lists Benin among its target markets for regional sales.
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