Home West Africa Togo: Government expects CFA20bn from private investors for Kara’s agropole project

Togo: Government expects CFA20bn from private investors for Kara’s agropole project

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The Togolese government expects private investors to provide CFA20 billion to develop Kara’s agropole. This was disclosed April 3, 2018 by the minister of agriculture on the sidelines of the open days for exchange and promotion of this project.

This amount is about a third of what the project is to cost, knowingly 60 billion CFA.

According to various sources, the government and African Development Bank (AfDB) will both provide the remaining sum. However, details were not given concerning the respective sizes of their investments.

The creation of this agropole which will be the first of many, mainly involves developing hydro-agricultural infrastructures, valorizing arable lands and establishing agro-processing facilities.

This will help boost agricultural output of benefiting areas. Among sectors to be impacted by this major project, there are rice, maize, soybeans, cashew, sesame, poultry and fishery.

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