Togo has secured new funding to support its agro-industrial transformation policy. On Wednesday, May 28, the country signed two financing agreements with the African Development Bank (AfDB) in Abidjan, totaling USD 38.9 million (approximately FCFA 22.4 billion).
The agreements, concluded on the sidelines of the AfDB’s Annual Meetings, include a USD 29 million grant from the Green Climate Fund and a USD 9.9 million loan from the AfDB. The funds will support Special Agro-Industrial Processing Zones (SAPIs) by financing climate-resilient agricultural infrastructure.
“This project embodies Togo’s desire to build sustainable, high-value agriculture while strengthening the resilience of small producers,” said Essowè Georges Barcola, Togo’s Minister of Economy, following the signing of the agreements.
According to AfDB Vice President Nnenna Nwabufo, this marks the first Green Climate Fund financing specifically targeted at a SAPI on the African continent. The project will focus on agroforestry, low-carbon irrigation technologies, and early warning systems.
The program is expected to cover approximately 10,000 hectares.
