The Mineral Industry Of Other West African Countries - Benin

Petroleum production was the principal component of the mineral industry, followed by cement production and some salt output. The French Central Fund for Economics Cooperation loaned $9.15 million2 to the Communauté Electrique du Benin (CEB), which served Benin and Togo, toward financing the construction of a dam on the Mono River at Nangbeto, Togo. The dam was to supply hydroelectric power to reduce the energy dependence of the two countries and to irrigate crops. Nine other international financial organizations, including the International Bank for Reconstruction and Development (World Bank). the African Development Bank, the Arab Bank for African Economic Development, and the French Aid and Cooperation Fund, contributed to the estimated $140 million cost of the dam. The CEB also was to contribute to the financing. Contracts amounting to $60 million already had been awarded to West German and Canadian firms. The dam was expected to be completed in 1987.