Singapore Corporation Enterprise signs MoU to suppot agribusiness, infrastructure, and digital sectors in Togo

Investments
Wednesday, 14 April 2021 17:15
Singapore Corporation Enterprise signs MoU to suppot agribusiness, infrastructure, and digital sectors in Togo

(Togo First) - The Togolese minister for investment promotion, Rose Kayi Mivedor, signed on April 13, 2021, a memorandum of understanding (MoU) with Singapore Corporation Enterprise (SCE). The signing ceremony was virtual. 

Under the MoU, Togo will receive SCE’s support to boost investment in key sectors like agribusiness, industrial zones’ development, infrastructure, and the digital industry. “This agreement is a strategic partnership for promoting investments and improving the business climate, said Midevor. 

In effect, the deal will get Singapore’s State institutions involved, in technical areas, and in fund mobilization processes. It is signed in a context where Singaporean giant Olam expands its footprint in Togo. 

Olam, which recently took over Nouvelle Societe Cotonniere du Togo (NSCT), is also engaged in the construction of Adeticope’s Industrial Platform (PIA). Much recently, the multinational expressed interest in taking part in the project to expand the national n°1 road. 

Séna Akoda

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