EBRD launches its first sub-Saharan Africa investment in Benin
Benin, Dec. 12 -- The European Bank for Reconstruction and Development (EBRD) has launched its first investment in sub-Saharan Africa. The Bank's facility in Benin will support the country's efforts to expand reliable electricity access to underserved communities in the Mono, Couffo and Borgou regions.The €30 million sovereign loan to Societe Beninoise d'Energie Electrique (SBEE), the national power distribution utility, marks a significant step in strengthening Benin's national grid, modernising its distribution infrastructure and improving the daily lives of rural communities and vulnerable households, particularly women.The EBRD's loan is part of a €173 million programme, with planned co-financing by Agence Francaise de Devel...
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