MIFA, BTCI and Saudi firm KFB supports agricultural mechanization in Togo

Agriculture
Monday, 15 April 2019 16:23
MIFA, BTCI and Saudi firm KFB supports agricultural mechanization in Togo

(Togo First) - Last Saturday, a convention was signed between MIFA, SA KFB Group (Knowledge-Fusion Builders) and Banque togolaise pour le Commerce et l’Industrie (BTCI).

According to Aristide Agbossoumonde, Director General of MIFA, “it will help purchase 300 mini-tractors to create mechanization firms.” It will in effect lead to the establishment of a guarantee fund of CFA6 billion supervised by the MIFA.

Farmers will be able to rent the mechanical equipment and improve their yields. In the long run, their cultivated areas’ revenues will increase and jobs will be created, subsequently wealth.

Séna Akoda

 
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Should we encourage young togolese toward agriculture?
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