Togo and Khalifa fund ink $15 million deal to boost agriculture in the West African country

Agriculture

Wednesday, 17 July 2019 15:57

Togo and Khalifa fund ink $15 million deal to boost agriculture in the West African country

(Togo First) - Togolese Minister of Agriculture, Noël Koutera, and Hussain Jasim Al Nowais, President of the Khalifa Fund for Business Growth, just signed in Lomé an agreement to boost agriculture in Togo.

The $15 million agreement is aimed at backing young agricultural entrepreneurs, SMEs and SMIs. “This deal will serve to put in place a financing line for MIFA and help fund very small and medium scale enterprises and subsequently create jobs and improve the people’s incomes,” said Koutera. “Women”, he adds, “will benefit from more than 40% of this financing.”

For his part, Hussain Jasim Al Nowais said the financing will help create about 1300 jobs via 3,500 innovative agricultural projects, mostly in Togo.

Let’s recall that the recent agreement was discussed last March in Abu Dhabi, when the Togolese president visited his counterpart in the United Arab Emirates.

Séna Akoda

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