Benin News
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Ivory Coast’s electricity monopoly, which has a stock that’s soared 95 percent in the past year, will increase exports as rising domestic demand boosts profit amid an economic recovery in the world’s biggest cocoa producer.
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Unilever Ghana Ltd. expects sales to grow by 10 percent in 2013 as the food and household-goods maker starts making Lipton Tea in Ghana for export into French- speaking Western African countries.
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Azura Power West Africa Ltd., a Nigerian electricity producer, plans to fund at least 70 percent of a $700 million plant in Benin City with debt from local and international markets, Chief Executive Officer David Ladipo said.
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Benin authorities foiled an attempt to oust President Thomas Boni Yayi and install a military regime in the West African nation, state prosecutor Justin S. Gbenameto said.
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Benin authorities said they foiled a plot to oust President Thomas Yayi Boni, the second coup attempt in five months attributed to a man now living in exile.
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Royal Dutch Shell Plc, Europe’s biggest oil company, is interested in acquiring assets in the Gulf of Mexico, including Petroleo Brasileiro SA blocks.
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Supporters of Benin opposition candidate Adrien Houngbedji protested the March 13 election victory of President Thomas Boni Yayi , as a coalition of unions expressed concern about growing anger in the West African nation.
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Benin ’s President Thomas Boni Yayi will seek a second term in office in an election on March 6 after a year marred by a Ponzi scheme that defrauded investors of the equivalent of 5 percent of the West African nation’s gross domestic product.
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Puma Energy International, a subsidiary of Trafigura Beheer BV, acquired a liquefied petroleum gas terminal in the Benin port of Cotonou from Soagel SA, according to Puma.
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Imports of goods to Benin’s main port of Cotonou increased 27 percent to 7 million metric tons this year after the harbor underwent renovations to enable it to handle more traffic.
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