Togo seeks African Solidarity Fund’s support for major housing project

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Monday, 27 November 2023 14:31

Togo seeks African Solidarity Fund’s support for major housing project

(Togo First) - The African Solidarity Fund (AFS) could soon partner with Togo on the project to build 20,000 social housing units in Kpomé-Dalavé. The possibility was discussed last week, on November 20, during a meeting between Togo’s Minister of Urbanism and Housing, Kodjo Adedze, and a delegation from AFS.

The AFS delegation was in Togo to present the Fund’s operations and assets. The delegation was led by the institution’s managing director, Abdourahmane DIALLO. During the meeting, Minister Adedze expressed the government’s ambition to seal a partnership “in the shortest time”.

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The Togolese minister said the partnership would foster both local and foreign direct investments in the housing project (Project P7 which falls under the government’s 2020-2025 roadmap). Steered by Adedze’s department, the housing project received a $5.13 million funding from the African Development Bank (AfDB).

Founded in 1975, the African Solidarity Fund is committed to helping its 21 member States access loans for productive investment projects.

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