Benin Financial News

The French president vilified Russia as a "colonial imperial power" during a visit to Benin, which France ruled for more than 150 years. 

high Treasury rates hamper weaker credits from tapping international capital. While a recent surge in US bond yields has abated for now, investors fear the upward moves will resume after President-elect Donald Trump takes office on Monday, given his support for trade-tariff hikes and mass deportations, policies that are considered inflationary.

A pipeline project built with China's support that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with neighoring Benin

Frontier markets are back. Several African countries have recently returned to global financial markets, placing foreign-currency bonds with international investors. The question is whether they are back for good, or whether someone or something—namely, the US Federal Reserve—will throw a wrench in the works.

Benjamin Kiplagat has died. According to local media reports, the 34-year-old athlete, who represented Uganda at three Olympic Games and six World Championships, was found dead in Kenya. Confirming it, Kenyan police in the city of Eldoret said that they have begun a probe into the death of the runner. Kiplagat reached the semi-finals of the 3,000m steeplechase at the 2012 Olympics in London. He won 2008 world junior silver in Poland & 2012 Africa Senior bronze in Benin. Kiplagat had been training in the Eldoret area before going to Uganda to participate in athletics competitions.

The German government has pledged to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030

KAOBAGOU, Benin—Gunmen pulled 18 villagers from their homes during a night raid this spring, shooting some and slitting the throats of the rest. They wedged hand grenades under the bodies, laying a trap for those who would discover the grisly scene. Two more villagers were later killed when they moved the corpses and triggered the explosives.

Lower prices and ample stockpiles have helped make India one of the top shippers globally over the past decade, recently accounting for almost 40% of the total. African nations like Benin and Senegal are among the top buyers. But Prime Minister Narendra Modi, who will seek reelection next year, has repeatedly tightened restrictions on shipments in a bid to curb domestic price rises and shield Indian consumers.

Mint had earlier reported that German officials are interested in expanding cooperation into the health sector. The existing projects include agri-business among women in Malawi to potato production in Cameroon.

Rwanda announced Thursday that it will allow all Africans to travel visa-free to the country, becoming the latest nation on the continent to announce such a measure aimed at boosting free movement of people

India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification on late Monday evening. While amending the export policy, DGFT maintained that the export will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their government. Last month, India had decided to allow the export of rice to «meet the food security requirements» of Singapore. West African country Benin is one of the major importers of non-basmati rice from India.

₹37-38 a kg and ₹92-93 for basmati rice. Traders said that free-on-board (FoB) parboiled rice price is around $500 a tonne and $1,000 a tonne for basmati varieties.

Bitcoin (BTC) adoption in West Africa is dominated by Nigeria, the crypto powerhouse and the region’s economic engine. But against a backdrop of anti-French sentiment, Bitcoin educational efforts are also bubbling away in French-speaking West Africa.

ALSO READ: Niger coup-backers protest at French base as regional force mulls intervention “There is only one option, accepting the regime or war," AP quoted Saidou as saying, who added, “It is finished for Bazoum, you must forget about him. It is finished, it is a waste of time trying to restore him. It is not possible," he said.

Niger government on Wednesday following an apparent coup in the fragile state. Disgruntled members of the elite Presidential Guard sealed off access to President Mohamed Bazoum's residence and offices in the capital Niamey, and after talks broke down «refused to release» him, a presidential source said.

rice. This has led to long queues outside Indian grocery stores in the region. The English daily mentioned that several grocery stores in major cities in Texas, Michigan, and New Jersey are crowded with people, especially from the Tamil community.

food ministry data, the retail price of the grain climbed about 15%  in Delhi this year while the average nationwide price gained more than 8%. Shipments will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on request of their governments, the notification said.  The latest Indian government move, which has already imposed restrictions on wheat and sugar exports, would affect a large portion of global rice trade.

According to Global Firepower, a prominent data website specializing in defence-related information, the United States possesses the most powerful military force worldwide. Russia and China follow closely in second and third place, respectively, while India secures the fourth position.

'Looty' project launches digital art heists to reclaim African artifacts

French President, Emmanuel Macron, was a special guest at a ceremony marking the return of looted artifacts to Benin.