ECONOMY

Imports from abroad fell to 14.6 million liters per day, while local supply increased. However, the 14% drop in measured consumption tempers this shift.

Ogun and DP World have signed two agreements for a deep-water port and an economic zone. The presidency projects over 50,000 jobs, without a detailed timeline or funding.

Abuja promises to prioritize local processing, jobs, and national businesses. However, the framework signed with Washington remains without projects, firm timelines, or identified capital.

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…

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.

The National Competition Authority has yet to be established in Benin, more than a year after the decree issued on July 30, 2025, which outlined its organization and missions.

The Gabonese budget proposal for 2027 plans to raise 1,144.1 billion FCFA from international markets. At the same time, debt financial charges are expected to increase by nearly 37%, while budget investment will decline by 110.7 billion FCFA.

In Bédiala and Arrah, producers are echoing SYNAPCI's strike order against the guaranteed cocoa price, maintained at 1,200 FCFA per kilogram. The union is also demanding the resignation of the Director General of the Coffee-Cocoa Council.

The revised finance bill lowers revenue projections, raises energy subsidies to 790.3 billion FCFA, and cuts planned investments by 555 billion.

In response to declining supplies from the Middle East, Europe is turning to South Korea. Energy Aspects forecasts a jet fuel deficit of 510,000 barrels per day in the fourth quarter.

The National Transport Company, formed from the merger of Sogatra and Trans’Urb, will start with 149 vehicles. The reform ends free transport and introduces fares tailored for students, families, and other user categories.

Excluded for the manner in which it completed its submission letter, GROUP SMP SARL is to be reinstated in the evaluation of an IT contract for Weather-Benin. The ARMP ruled the rejection irregular and ordered the resumption of the bid…

A circular from the Ministry of Economy and Finance prioritizes locally manufactured products in public procurement. Replacing a targeted local product with an imported item requires prior authorization from the minister.

Gabon plans to ban imports of broiler chicken starting January 1, 2027. The United States has raised concerns with Libreville at the WTO, prompting the government to seek a legal and diplomatic strategy to avoid a trade dispute.

General Invasion, initially disqualified for listing the tender file number instead of the SIGMAP reference on its guarantee, must be reinstated in the contract for components intended for SoNaMA's connected meters, as decided by the ARMP.