Togo : XOF38 billion secured so far for Kara’s agropole project

Economic governance
Thursday, 09 May 2019 08:41
Togo : XOF38 billion secured so far for Kara’s agropole project

(Togo First) - So far, XOF38 billion has been raised by Togo from its main partners for the Kara agropole which is being established in Northern Togo. These partners are the African Development Bank (AfDB), West African Development Bank (BOAD) and the Saemaul foundation from South Korea.

The figure was revealed to Togo First by Essowè Batana, chairman and managing director of the agency for the promotion and development of agropoles in Togo (APRODAT).

The whole project, it should be noted costs XOF65 billion. Monies raised so far served to prepare the annual budget and work plan (PTBA) and the procurement plan (PPM) and must be approved by the AfDB.

Part also served to start structuring value chains and initiate works related to legal regulations, and procurement for infrastructures that will be built.

Kara’s agropole should be completed by the end of 2022 or the beginning of 2023.

Séna Akoda

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