Saudi Development Fund to help Togo implement its 2020-205 development roadmap

Economic governance
Wednesday, 23 February 2022 17:38
Saudi Development Fund to help Togo implement its 2020-205 development roadmap

(Togo First) - Saudi Arabia will help Togo develop the projects falling under the West African government’s 2020-2025 roadmap. To this end, the two countries inked last Tuesday a memorandum of understanding (MoU) in the Togolese capital Lomé. 

The MoU was signed by Togo’s Minister of Trade, Kodjo Adedze, and Ahmad Ibrahim Al-humaid, representing the Saudi Development Fund (SDF). 

Among projects that will benefit from the Saudi support is the rehabilitation of farming land in Mission Tove and that of the Adagali-Atakpame road.

The SDF, which sent a delegation to Lomé, claims that the deal reflects its commitment “to helping the Togolese government implement its roadmap.”

For their part, Togolese authorities said “this memorandum illustrates the quality of relations between the two countries.”

Togo just received $5 million from the SDF to build 17 mini drinking water adductions and 15 autonomous water stations in its Central and Plateaux regions.

This is one of several facilities that the Saudi institution has been providing the African nation for some years now.

 Esaïe Edoh

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