Togo: Government announces several measures to help Agoè Assiyéyé market’s sellers hit by recent fire

Economic governance
Monday, 15 January 2024 16:43
Togo: Government announces several measures to help Agoè Assiyéyé market’s sellers hit by recent fire

(Togo First) - The Togolese government just disclosed several measures taken consequent to the fire that ravaged the market of Agoè Assiyéyé some weeks ago. 

One of the measures relates to loan provision. The government set a one-year moratorium on the repayment of outstanding loans when the fire broke out.

It also set up a zero-interest bridging loan to help reconstitute the capital of the victims. 

Next, Lomé extended, exceptionally, the insurance program of the Fonds National de la Finance Inclusive (National Fund for Inclusive Finance, FNFI) to 50% for all victims and 100% for the program’s beneficiaries.

All decentralized financial services operating in the affected market will have access to the FNFI’s refinancing window. 

A temporary market was set up at Togograin, in the Agoè-Nyivé 1 municipality. This helped sellers quickly resume their activities.

The fire, it is worth noting, destroyed three-quarters of the Agoè Assiyéyé market.

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