South Korea to support Togo’s agropole project

Agriculture
Monday, 21 January 2019 13:47
South Korea to support Togo’s agropole project

(Togo First) - South Korea will technically and financially support the Kara agopole project (414km North of Lomé). A financing agreement was signed in this framework last Friday, by Sani Yaya, minister of economy and finances, and Tchang Dong-Hee, president of South Korean foundation Saemaul Undong, under the Togo agrofood processing project (PTA-Togo).

Under the deal, the foundation will help boost capacities of local agricultural actors through technical trainings, introducing them to the South Korean experience, especially in terms of agricultural products processing.

Togo’s Prime Minister, Komi Selom Klassou, who was present at the signing ceremony, recalled that in the framework of a national development program, Togo’s new strategy focuses on “ways to boost agroindustries via agropoles”, in order to “consolidate food security bases as well as accelerating economic growth and promoting wealth and job creation, in rural areas particularly”.  South Korea’s financing is hence quite opportune.

Kara’s agropole project, was launched two years ago and falls in line with the second axis of the National Development Plan. Valued at CFA64 billion, 35 billion has already been secured towards its realization. Preparatory stage for the project is expected to be completed this year.

Ayi Renaud Dossavi

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