Togo: Kara Fund to invest XOF5 billion in the agribusiness sector

Investments
Tuesday, 30 July 2019 16:19
Togo: Kara Fund to invest XOF5 billion in the agribusiness sector

(Togo First) - The Kara Investment Fund will invest XOF5 billion in the agribusiness sector, in Togo. This was revealed last Friday by the fund’s head, Armand Guy Zounguéré-Sokambi, during a meeting with Prime Minister, Komi Sélom Klassou.

According to Aristide Agbossoumonde, head of the agricultural financing incentive mechanism (MIFA), the move was spurred by the improvement of the local business climate. “There are many forums that do not yield results ; but…the improvement of the business climate sent a great signal to investment funds like us.”

This new partnership should pave the way for good perspectives for Togolese agribusiness which falls under the second axis of the national development plan (PND 2018-2022).

Besides agribusiness, the Kara Fund eyes the infrastructure and renewables sectors.

Séna Akoda

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