Togo gets €70M from the EU in support of agriculture, energy, and decentralization

Economic governance
Wednesday, 26 April 2023 12:22
Togo gets €70M from the EU in support of agriculture, energy, and decentralization

(Togo First) - Togo obtained on April 25, a €70 million contribution from the EU, for two Team Europe Initiatives (TEIs) aimed at supporting agro-businesses, energy, and connectivity in the West African country. Two agreements–one for €30 million and the other for €40 million–were signed in Brussels in this framework, by Jutta Urpilainen, European Commissioner for International Partnerships, and Victoire Tomegah Dogbé, Togo’s Prime Minister. The TEIs are part of the EU’s Global Gateway. 

According to the EU statement announcing the financing, it was set up in partnership with France, Germany, and the European Investment Bank (EIB). Also, the source indicates that the €30 million contribution will help develop agro-industries and enhance the management of natural resources, while the €40 million is a budget support program that will support access to basic social services, agriculture, and decentralization.

I welcome the signing of these two agreements which materialize the convergence between Togo's government roadmap and the EU's "Global Gateway" strategy. Our ambition is to accelerate the integration of Togolese agriculture into global value chains by relying on sustainable energy and strengthening connectivity per the vision of HE Faure Essozimna Gnassingbé, President of the Togolese Republic, said the Togolese PM.

Regarding the TEIs, the first one, entitled Sustainable Agribusiness for Togo, aims to improve agricultural productivity and natural resource conservation. It builds on pineapple and cashew value chains to enhance food security, create jobs and preserve biodiversity. The second initiative, Energy and Connectivity for Togo, aims to achieve 100% electrification by 2030, 50% of which will come from renewable energy sources.

One of Togo's institutional partners, the EU supports the country’s agriculture, energy, and education sectors, but also its decentralization process. A few days ago, on the sideline of the FOPAT, an agricultural forum held in Kara (northern Togo), the EU announced a financing of over CFA6 billion to support agriculture in Togo. 

Ayi Renaud Dossavi

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.