IFC Africa’s Post

  IFC partners with Bénin Terminal (BT), the largest container terminal in the country, to improve operations at the Port of Cotonou and boost trade in Benin and West Africa. IFC's €20 million financing will enable Bénin Terminal to increase its berthing and storage capacity, thereby stimulating trade in Benin and the region.   The Port of Cotonou, where BT is located, is crucial for the country's trade and customs revenue generation, handling the majority of Benin's international trade. It is also a key transit point in West Africa, allowing landlocked countries in the region to export and import goods.   The increase in Bénin Terminal's capacity will significantly promote regional trade integration by helping to increase commercial freight volumes and, consequently, improving the economic outcomes of supply chains such as agriculture, commerce, and transportation.   Promoting the industrialization of Benin's economy, particularly through the expansion of transport and logistics infrastructure that supports it, is a key aspect of IFC's strategy in Benin.   https://lnkd.in/djDwHfDc Sergio Pimenta, Olivier Buyoya, Sarvesh Suri, Josiane Kwenda, Fatoumata Sissoko-Sy, Vincent Floreani, Marina Diagou, Kpantcha OUATTARA