Agro Farming

According to the site, the ambition of Togolese leaders is to establish a real farming industry with high processing activities through agro-food technopoles.

Agro FarmingThe establishment of agro-food technopoles across the country will require a total amount of about 25 billion CFA Francs financing from diverse sources including the African Development Bank (AfDB).

The support of the AfDB in a public-private partnership will help drive the agriculture in Togo where the sector employs over 70 percent of the population and contributes over 38 percent to the Gross Domestic Product (GDP).

The source further said that the financial institution has set African agricultural product processing strategy so as to foster a more competitive and inclusive agriculture sector likely to create worth and improve the living conditions on the continent.

The program is focused on large scale development of agriculture as high added-value commercial activity purposed to stamp out hunger and poverty in rural areas over the coming decade.

The government site added that this will be achieved in involving innovative financing mechanisms and stimulated by the private sector. Enditem

Source: Xinhua/News Ghana

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