France provides Togo XOF2 billion for the Novissi programme

Wednesday, 01 July 2020 14:14
France provides Togo XOF2 billion for the Novissi programme

(Togo First) - Yesterday, France and Togo signed an agreement under which the former will provide the latter XOF2 billion (€3 million) for its Novissi scheme. The document was signed by the Togolese minister of economy and finance, Sani Yaya, France’s ambassador to Togo, Marc Vizy, and the head of the French Development Agency (AFD). 

The Novissi scheme is an initiative launched by the State to help actors of the informal sector who struggle due to restrictive measures put in place to contain the pandemic. So far, 560,000 people -women mostly - received more than XOF11 billion (€16 million), via mobile money, in its framework. 

The funds, which were promised by French President Emmanuel Macron, align with the Santé en Commun initiative which aims at supporting socio-economic actions set under Togo’s national response against covid-19. 

I am extremely happy and proud of this partnership which supports the response of the Togolese government to this global crisis that has major economic repercussions,” Vizy said.

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