Togolese State welcomes PIA and Arise in MIFA’s shareholding

Thursday, 17 June 2021 12:18
Togolese State welcomes PIA and Arise in MIFA’s shareholding

(Togo First) - The government has opened up the shareholding of the MIFA, a mechanism promoting agricultural financing in Togo, to the PIA, an integrated industrial platform, and Arise Special Economic Zone, a Mauritian company and mother company of Arise IIP which designed the PIA. The two newcomers join the State and the FNGPC, a federation of cotton farmers. 

The announcement was made in a statement released at the end of the council of ministers held on June 16. It comes on the sidelines of the assessment of a decree that allows the acquisition by private actors of the State’s shares in the PIA. 

“This strategic partnership with PIA and ARISE Special Economic Zone aims to tackle the challenges encountered by the implementation of the MIFA SA mechanism, when it comes to financing agriculture - its key sectors notably, improving farmers' incomes and providing enough raw materials to local industries,” the government declared. 

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