MIFA raised more than XOF8 billion last year, creating nearly 140,000 jobs over the period

Agriculture
Thursday, 16 January 2020 16:00
MIFA raised more than XOF8 billion last year, creating nearly 140,000 jobs over the period

(Togo First) - In 2019, the Incentive Mechanism for Agricultural Financing (MIFA) raised more than XOF8 billion for agricultural actors (76,000 overall). 

The beneficiaries, farmers mostly, could boost their activities using the funds. Also, nearly 140,000 jobs were created over the period, according to Aristide Agbossoumonde, director-general of MIFA, who recently met with the press. 

Agbossoumonde also said these performances exceeded initial expectations for 2019. Indeed, the mechanism hoped to raise XOF7 billion. 

Based on these achievements, MIFA expects to raise this year, six times more (XOF50 billion) funds than it did during the previous one.  

Séna Akoda 

togofirst mobile

 
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