AfDB Provides $70M For Agriculture In Benin

Law360, New York (January 17, 2014, 3:22 PM EST) -- The African Development Bank will sink 34 billion CFA francs ($70.4 million) into the agricultural industry of Oueme, Benin, in an effort to improve food security and boost the economy in the fertile valley region, according to a Thursday statement.

The funds, which were provided to the African country last Thursday, were supplied through a $820,000 donation and a $61 million loan, the bank group said.

Benin will use the funds to build two regional training centers that will promote agricultural entrepreneurship and encourage the employment...
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