Togo: AfDB and EU about to finalize deal to back CIZO rural project

Thursday, 20 June 2019 15:40
Togo: AfDB and EU about to finalize deal to back CIZO rural project

(Togo First) - The European Union (EU) is sealing with AfDB a deal to back the CIZO rural electrification project in Togo. The information was disclosed June 19 by Bruno Hanses, Chargé d’Affaires of the EU delegation in Togo.

This would make the project the first effective beneficiary of the Togo-EU economic forum recently held in Lomé. It should be noted that nearly 10,000 households have been provided power under the initiative. The latter is carried out by BBOXX and SOLEVA.

Hanses added that the “EU would make sure that as many investment projects as possible benefit from the external investment European plan presented at the forum.”

Moreover, the EU should keep track of partnership foundations laid between local economic actors and European investors. It will also put in place a facility to support all 141 bankable projects selected during the forum.

Lastly, the European institution will support businesses engaged in agrofood that wish to export to Europe as well as help with the operationalization of the European Chamber of Commerce in Togo, EUROCHAM-Togo.

Séna Akoda

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