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Senegalese President Bassirou Diomaye Faye, on an official visit to Cotonou, joined his Beninese counterpart Patrice Talon on Tuesday to reaffirm their commitment to strengthening bilateral cooperation and injecting new impetus into the West African Economic and Monetary Union (UEMOA) and the Economic Community of West African States (ECOWAS), in light of pressing subregional challenges.

The African Development Bank (AfDB) and Bank of Africa Benin (BOA-Benin) signed a €15 million trade finance guarantee agreement on May 12 in Cotonou, aimed at boosting access to financing for Beninese businesses, particularly SMEs and women-led enterprises.