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Significant reforms have been undertaken in recent years to promote private investment in agricultural transformation.
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Young entrepreneurs have increasingly focused on high-potential sectors such as pineapple, beekeeping, aquaculture, shea, sesame, soybeans, mushrooms, fonio, and vegetables. Togo's ranking as the leading country in the sub-region and second in Africa for exporting organic products to Europe is a tangible result of this.
These incentives have also facilitated the establishment of new agri-food processing facilities by national investors and economic operators, such as the Sokodé soybean oil processing plant, costing a total of 193 million CFA francs, and the Jus Délice SA agri-food processing plant in Tsévié, financed to the tune of 2 billion CFA francs. Further support for the private sector is the commissioning of the Adétikopé Industrial Platform (PIA), a result of the partnership between Togo and Arise IIP, a joint venture between Africa Finance Corporation and the OLAM Group, the agri-food giant. The complex provides investors with a framework for establishing local processing units and exporting cash crops such as cotton, cashew nuts, soybeans, rice, and sesame.
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A vast agro-industrial development project called "Africa Europa Farm" will begin in the Mono River valley and in two localities: Afagnan and Aklakou.
A land acquisition agreement was signed in June 2021 in Afagnan, 80 km east of Lomé, between the project's namesake company and local authorities, in the presence of a large government delegation. The project, estimated to cost €55 million (36 billion CFA francs), aims to produce, process, and market rice and maize on over 4,000 hectares in the Mono River valley. The initial phase includes a social component expected to create 250 jobs and reduce unemployment in the area. The implementation of this project in Togo reinforces the government's efforts in the agricultural sector, a key driver of the national economy.
Finally, we should mention the initiative of George Chan, Director of GUUD, who is promoting the "Togo Commodity Market Place" project in partnership with Togo Invest, the objective being to connect all the actors in the value chain on a single platform.
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