Africa > West Africa > Benin > Stock Market / Finance

Stock Market / Finance in Benin

  • London eyes dual listings on west African capital markets

    BENIN, 2015/05/10 Following on from partnerships and dual listings with a number of African capital markets, the London Stock Exchange (LSE) is looking to foster dual listings with the West African regional exchange. “We are looking to attract and encourage dual listings,” Ibukun Adebayo, co-chief of emerging markets at the LSE Group, tells This Is Africa during an event on west African capital markets. “Listing with the LSE provides profile and additional liquidity in nations promoting dual listings.”
  • IMF has approved the immediate disbursement of an all equivalent to Appropriate Drawing Rights (SDR) of 10.61 million (about US$16.4 million) for Benin.

    BENIN, 2014/05/27 The Executive Board of the International Monetary Fund (IMF) has approved the immediate disbursement of an all equivalent to Appropriate Drawing Rights (SDR) of 10.61 million (about US$16.4 million) for Benin. An IMF statement received by PANA in New York on Saturday said that the approval followed the completion of the sixth review of Benin’s economic performance under a programme supported by the Extended Credit Facility (ECF) arrangement. It noted that the ECF is the IMF’s major tool for medium-term financial support to low-gain nations, stating that financing under the ECF currently carried a zero % interest rate, with a grace period of 5½ years, and a maturity of 10 years.
  • Benin's 2014 budget is estimated at 1,117 billion CFAF

    BENIN, 2013/10/14 Benin's 2014 budget is estimated at 1,117 billion CFAF, up from 1,044 billion CFAF this year, says a statement from the council of ministers released on Thursday in Cotonou. The statement said the internal resources were estimated at 873,933 million CFA. The figures shows a deficit of 243,069 million CFAF as against 248,434 million CFAF this year. The deficit will be financed by the foreign resources to the tune of 169,613 million CFAF while the rest would be financed by internal resources estimated at 73,457 million CFAF.