Germany and Togo recently signed a major deal to advance their partnership

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Thursday, 17 June 2021 15:57
Germany and Togo recently signed a major deal to advance their partnership

(Togo First) - Recently in Togo, Gerd Müller, Germany’s minister for economic cooperation and development, inked a new partnership with Togo. The €142 million deal will revolve around three axes that will contribute to the country’s socio-economic development. 

In detail, the first axis of the agreement aims to improve Togo’s business environment, by leveraging quality professional training, one that matches the labor market. The second axis will bolster processing in the agro-industry, in addition to fostering job creation and growth in related value chains. 

The third, and last axis focuses on the promotion of good governance and the development of territories, using those as leverage to achieve inclusive growth.

Commenting on the partnership, President Faure Gnassingbé tweeted: “This new partnership attests to the dynamism of the bilateral cooperation and is an important support to the transformation of our economy, in line with the governmental roadmap.”

For his part, Müller said, “We wish to cooperate with Togo in the economic area, to further promote agribusiness, youth training and partnership relative to energy.” 

Germany, let it be noted, is one of Togo’s key partners. It spent over CFA6 billion to support the Togolese government’s actions to tackle the Covid-19 pandemic.

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