Coastal Erosion: Togo Gets €128M from IsDB to Fight the Phenomenon

Investments
Wednesday, 13 September 2023 12:07
Coastal Erosion: Togo Gets €128M from IsDB to Fight the Phenomenon

(Togo First) - The Islamic Development Bank (IsDB) has approved a €128.17 million financing for Togo, to fight coastal erosion. The Bank’s Board approved the facility during its 352nd meeting held on September 9, in Jeddah, Saudi Arabia. 

No additional detail regarding the funding has been disclosed so far, but it adds to similar facilities provided by the AFD (€35 million) and Invest International (€23 million). 

In Africa, the IsDB approved €61.9 million for Nigeria, to improve electricity transport and foster innovation in the energy and ICT sectors. Sudan will get $1.5 million to support people who have been affected by the conflict.

So far, the IsDB has disbursed $800 million worldwide to support its member States. 

Ayi Renaud Dossavi

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