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Togo is one of 16 members of the Economic Community of West African States (ECOWAS). The ECOWAS development fund is based in Lomé. Togo also is a member of the West African Economic and Monetary Union (UEMOA), which groups seven West African countries using the CFA franc.
Togo, officially the Togolese Republic, is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its capital Lomé is located. Togo covers an area of approximately 57,000 square kilometres (22,000 sq mi) with a population of approximately 6.7 million.
Benin is signatory to all international trade conventions under the aegis of the World Trade Organization and the United Nations Conference on Trade and Development.Benin is also a member of the Cotonou Agreement among the European Union, Africa, and Caribbean and Pacific countries, and the regional and sub-regional economic unions such as the Economic Community of West African States (ECOWAS ...
Since the transition to a democratic government in 1990, Benin has undergone an economic recovery. A large injection of external investment from both private and public sources has alleviated the economic difficulties of the early 1990s caused by global recession and persistently low commodity prices (although the latter continues to affect the economy).
Location of Benin. Benin is a country in West Africa.It is bordered by Togo to the west, Nigeria to the east, and Burkina Faso and Niger to the north. A majority of the population live on its small southern coastline on the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. [1]
Benin (/ b ɛ ˈ n iː n / ⓘ ben-EEN, / b ɪ ˈ n iː n / bin-EEN; [9] French: Bénin ⓘ), officially the Republic of Benin (French: République du Bénin), is a country in West Africa. It was formerly known as Dahomey. [10] It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north-west, and Niger to the north-east.
Nigeria's 170 million people and the country's income from oil also influence the economy of Benin significantly. Informal trade between Nigeria and Benin is substantial. Importers take advantage of Nigeria's high tariff changes and porous borders to export unrecorded rice, poultry products and other food and agricultural products to Nigeria ...
The demand for slave labor to produce sugarcane, cotton, palm oil, tobacco and other goods in the plantations of European colonies around the globe had sharply grown between 1650 and 1850. The Bight of Benin was already shipping slaves in the late 17th century, before the Fon people expanded their kingdom to gain control of the coast line. [22]