COFINA and MIFA team up to finance agricultural actors

Economic governance
Friday, 10 September 2021 14:06
COFINA and MIFA team up to finance agricultural actors

(Togo First) - COFINA will back local agricultural actors with a CFA10 million facility. The related agreement was signed Wednesday between the company and the Agricultural Financing Incentive Mechanism (MIFA).

COFINA will support the mechanism with its expertise and experience in terms of financing SMEs. It will also support the MIFA in promoting and valorizing the agricultural sector. 

The agreement palliates the lack of financing faced by agricultural actors. “COFINA’s ambition is to significantly contribute to transforming our Togolese SMEs into the African multinationals of the future. They are our future champions, and that’s why we support them today,” said Charles-Eric Moulod, Managing  Director COFINA, during the signing. 

The agreement, the two signatories said, aligns with the second axis of the national development plan (PND). This axis focuses on industrial development in value-adding sectors; sectors that are export-oriented.

A few days ago, COFINA signed with CUBE, an incubator, a partnership agreement to finance expanding businesses.

Esaïe Edoh

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.