Economy

Damerjog will feature 375,000 m³ of storage capacity, while Dewele will have 800,000 m³. The project aims to reduce costs and delivery times.

The partnership between CMA-Benin and CMA France also includes the standardization of training frameworks and a certification mechanism for master artisans.

The agreement signed on September 23 finalizes the return of the Australian group to the uranium project and doubles the public stake compared to the previous arrangement.

Washington still considers China's commitments on rare earths and agricultural purchases incomplete, but aims to use this extension to pursue a broader agreement.

The central bank raises its benchmark interest rate despite an economic contraction. Home loans, car loans, and other credit linked to the prime rate will become more expensive starting September 25.

TotalEnergies and AMNI have made the final investment decision for the offshore Ima field. Production is expected to begin in 2028, following development linked by a 22-kilometer pipeline to the Bonny Island plant.

Following negotiations with AFG Assurances, the adjustments requested for staff health coverage have been reduced to 607.95 million FCFA excluding taxes. The ARMP believes that their processing falls under the adjustment clause already stipulated in the contract.

Two arbitration awards impose $235 million on Ghana Water following the termination of the Teshie-Nungua desalination plant contract. The site, designed to supply up to 500,000 people, has been closed since October 2025.

The Central Energy Fund has unveiled a $7.15 billion program to rebuild South Africa's refining capacity. Pretoria aims to reduce its dependence on imported fuels, which now accounts for 61% of demand.

Donald Trump expressed his support for a ban on U.S. diesel exports as prices have surpassed $6 per gallon and stock levels remain exceptionally low in the United States.

The ARMP dismissed Groupe S.L. Sécurité Privée's appeal against SONEB and lifted the suspension on lots 2 to 5 of a two-year security framework agreement.

The dollar is trading at around 7,400 to 7,500 Sudanese pounds on the parallel market after exceeding 8,400 last week. In several cities, traders have closed their businesses in response to price volatility, while the cost of basic goods has surged.

The ARMP declared the appeal from the Association of Insurance Brokers of Benin inadmissible, submitted four business days late, and authorized the resumption of the selection process for the broker responsible for the insurance policies of the Cotonou municipality.

Saudi Arabia has restarted the East-West pipeline to Yanbu. The partial resumption, which bypasses Hormuz, has caused Brent to drop by over $2.

Donald Trump says he is negotiating a significant purchase agreement with Minsk to reduce potash costs for American producers. The initiative follows the easing of sanctions on Belaruskali, in a market where Canada largely dominates U.S. supplies.

The ARMP rejected SOPEF ET FILS' appeal against its exclusion from a computer market at the Autonomous Port of Cotonou, despite an offer that was 63.39 million FCFA excluding taxes lower than the provisional award amount.

Aliko Dangote plans to redirect over $10 billion towards electricity in Africa over the next three to four years, potentially abandoning his steel project.