Togo: WAEMU has in the past 25 years invested more than CFA6 billion in agriculture

Transport

Tuesday, 30 April 2019 16:41

Togo: WAEMU has in the past 25 years invested more than CFA6 billion in agriculture

(Togo First) - In the last 25 years, the West African Economic and Monetary Union (WAEMU) injected more than six billion CFA in Togo’s agricultural sector. The figure was obtained from data released by the representative resident of the WAEMU commission, Assoukou Raymong Kripeu, and other data compiled by Togo First.

According to the commission’s representative, out of the sum mentioned, 3.6 billion was used to build grain harvest and storage warehouses in order to improve Togo’s food security, by securing agricultural output and seeds. An additional CFA62.5 million was provided to produce, certify and supply grain seeds; CFA1.1 billion for multipurpose hydraulic facilities; about 730 million to organize vaccination campaigns against anthrax; 525 million for the structuring of the rice and maize sectors; and 50 million for crop preservation.

Besides these, some part of the funds was used to dig four water boreholes and the commission currently works to set up a regional agricultural information system (SIAR) which is a platform on which the country’s agricultural data will be posted.

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REFORMS OVERVIEW

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At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

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Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

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