News & Analysis: Benin

Interview with Lionel Zinsou: Priorities for Private Sector Growth and Attracting Investment in a Post-Pandemic Africa

Lionel Zinsou, Founder and Managing Partner of SouthBridge and former Prime Minister of Benin talks to COVID-19 Africa Watch about opportunities for private sector growth and investment post-COVID-19.

via COVID-19 Africa Watch

The promise of digitising cash transfers in sub-Saharan Africa during COVID-19 and beyond

“This year, the coronavirus pandemic has forced governments to grapple with difficult questions regarding lockdowns, contact tracing and the provision of emergency financial assistance to citizens now without work. In developing countries, these hardships are magnified with the World Bank estimating that remittances – money transfers sent from foreign workers to their home countries – to low and middle-income countries (LMICs) are projected to fall by 19.7 percent (from $554 billion in 2019 to $445 billion in 2020). Considering the significant role that remittances play in alleviating poverty and improving nutrition, many governments have turned to mobile cash transfers for vulnerable citizens to use while minimising COVID-19 exposure.”

via Africa Portal

Benin: $50 Million to Boost Growth Beyond the COVID-19 Crisis

“The World Bank Board of Directors today approved an International Development Association additional financing of $50 million to help Benin mitigate the impact of the coronavirus health crisis in the socio-economic recovery phase.”

via World Bank

IMF Executive Board Approves a US$125 Million Disbursement Under Benin’s ECF-Supported Arrangement

“The Executive Board decision allows an immediate disbursement of US$125.1 million to Benin to address the urgent financing needs stemming spread of COVID-19 and to mitigate its economic and social impacts.”

via IMF

Coronavirus in Africa: Prison fever

“What are the consequences of the pandemic on the living conditions in African prisons?”

via Prison Insider

Togo, Benin, Burkina Faso and Niger Join West Africa Regional Identification Program to Help Millions of People Access Services

“The World Bank approved today $273 million in International Development Association financing for Togo, Benin, Burkina Faso and Niger to facilitate access to services for millions of people, especially women and the poorest segments of society.”

via World Bank

COVID-19: Impacts on African economies – economic challenges and social safety net responses

“This brief explores evidence on these effects and the most vulnerable countries in the ‘direct’ and ‘indirect’ categories. It also provides a summary of actions that African governments have taken as well as four ‘innovative ideas’ to consider in future, especially to continue poverty reduction and sustainable development, as part of Africa’s COVID-19 recovery plan and in partnership with development actors, including China.”

via PEGNet

Benin: An Additional $10.4 million to Fight Coronavirus

“The World Bank today approved additional financing of $10.4 million from the International Development Association to support Benin’s efforts to fight COVID-19 (coronavirus) and help the country respond to public health emergencies. These funds bring the total sum allocated by the World Bank for Benin’s emergency measures to some $40 million.”

via World Bank

President Bio and ECOWAS leaders lay out strategy to combat COVID-19 in West Africa

“ECOWAS Heads of States, including president Julius Maada Bio of Sierra Leone who is currently on a 14 days self-isolation for covid-19, yesterday held an Extraordinary Summit Meeting via video conferencing to discuss how to combat the exponential spread of the virus across the region, with over 6,000 people now confirmed to have contracted the virus in West Africa.”

via Sierra Leone Telegraph

Coronavirus ends China’s honeymoon in Africa

“Africa was supposed to be China’s new stomping grounds. Instead, the novel coronavirus has spawned a growing backlash that threatens to unwind the ties Beijing has carefully cultivated over decades. The trigger for the burgeoning diplomatic crisis: Anger over the treatment of African citizens living in China and frustration at Beijing’s position on granting debt relief to fight against the outbreak.”

via Politico