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African Development Bank Group (AfDB)

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    • The second phase of the Agro-Food Processing Zone Project in Togo will encourage the private sector to invest in the country’s key agricultural sectors
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Source: African Development Bank Group (AfDB) |

Togo: the African Development Bank grants a loan of over USD 26 million to develop key agricultural sectors through private-sector investments

The aim is to provide the country with an industrial hub for processing agricultural products and establish a business zone to offer opportunities to young people and women in the Kara and Savanes regions

The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a loan of US $26.55 million to Togo to implement the second phase of the Agro-Food Processing Zone Project. The aim is to provide the country with an industrial hub for processing agricultural products and establish a…

African Development Bank Group (AfDB)

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    • (Left to Right): Bendjin Kpeglo, Managing Director of AGF West Africa; Wilfried Abiola, the African Development Bank’s Country Manager for Togo; Akuwa Dogbé Azoma, National Director for Togo at the Central Bank of West African States (BCEAO); Koffi Gani, Principal Private Secretary for the Togolese Minister for Social Action, the Advancement of Women and Literacy; Melissa Basque-Roux, Acting Coordinator of the AFAWA initiative; Jules Ngakam, CEO of the AGF Group
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Source: African Development Bank Group (AfDB) |

Affirmative Finance Action for Women in Africa (AFAWA) Finance Series Togo: African Development Bank and African Guarantee Fund unite to strengthen female entrepreneurs' access to finance

This innovative programme aims to make up to $3 billion available for women-led small and medium-sized enterprises, via guarantees to financial institutions to mitigate lending risks

The African Development Bank (www.AfDB.org) and the African Guarantee Fund (AGF) (https://apo-opa.co/4apZNya) have brought the curtain down on the AFAWA Finance Series Togo conference, a key note event aimed at  promoting a better understanding of the financing needs of Togolese women entrepreneurs and debunking the myth that women-run companies are…

African Development Bank Group (AfDB)

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    • Adjoa Agbomassi, in front of her fresh produce in Aného
    • A seamstress in Cinkassé is pursuing her business thanks to the loan granted by the National Inclusive Finance Fund (FNFI), supported by the Project to Support the Financial Inclusion of Vulnerable Women
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Source: African Development Bank Group (AfDB) |

Empowering vulnerable women: African Development Bank financing bolsters economic inclusion in Togo

The project aims to empower vulnerable women and enhance their role in economic activities by prioritizing small producers, recognizing their indispensable contributions to agro-pastoral production

Some 45 kilometres from Lomé, in the village of Aného, a transformative initiative is reshaping the lives of vulnerable women like Adjoa Agbomassi. Following her successful treatment from obstetrical fistula, Adjoa now stands proudly by her vegetable stalls, a testament to the success of the Project to Support the Financial…

African Development Bank Group (AfDB)

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    • Wilfrid Abiola (left), head of the African Development Bank’s office in Togo, and Moustapha Ben-Barka (right), Vice-President of BOAD in charge of Financing and Investment, at the signing of the agreement
    • The two signatories exchanging documents
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Source: African Development Bank Group (AfDB) |

African Development Bank signs EUR 70 million financing agreement with West African Development Bank (BOAD) to strengthen support for the private sector in West Africa

The Bank will support BOAD in its strategy of providing its Member States with the medium- and long-term resources they need for their development

The African Development Bank Group (www.AfDB.org) and the West African Development Bank (BOAD) signed an agreement on granting a EUR 70 million line of credit to strengthen BOAD’s support to the private sector in the West African Economic and Monetary Union (WAEMU), which comprises eight countries in the West African…

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    • (Left to right) Mr Joseph Ribeiro, Deputy Director General of the African Development Bank for West Africa; Ms Rose Kayi Mivedor, Minister of Trade, Handicrafts and Local Consumption; and Damehane Yark, Minister of Water and Village Hydraulics
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Source: African Development Bank Group (AfDB) |

Togo: African Development Bank and government agree to accelerate implementation of 2021-2026 Country Strategy Paper

The main objective of the CSP remains to accelerate the structural transformation and diversification of the Togolese economy in order to create decent jobs and to build socio-economic resilience

The Government of Togo and the African Development Bank (www.AfDB.org) have agreed to increase the pace of ongoing projects on the structural transformation and diversification of the country's economy, while strengthening the Bank's engagement in Togo. This strategy was reaffirmed during a dissemination workshop held from 23 to 27 October…

African Development Bank Group (AfDB)

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    • Matthew Antwi, lorry driver and coconut haulier, is wasting less time and feeling calmer thanks to the renovated road and its new lighting.
    • The project is funded jointly by the African Development Bank, the European Union, the West African Development Bank, the Islamic Development Bank and the Global Environment
    • An aerial view of the Togokomè-Avépozo section of the Lomé-Cotonou road, built thanks to support from the African Development Bank, the European Union and other partners
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Source: African Development Bank Group (AfDB) |

Community gearing up for progress as renovated Lomé-Cotonou road slashes travel times

The project provides a direct benefit to transport users and indirectly benefits 1.7 million people in the two countries

Matthew Antwi is a haulier and works for a Nigerian business that exports coconuts. He regularly drives the Lomé-Cotonou road from his home country Ghana to deliver the nuts to Nigeria. “A few years ago, it took around two hours to complete all the formalities at the border and up…

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    • African and global investors sign subscription agreements for Africa50 Infrastructure Acceleration Fund
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Source: African Development Bank Group (AfDB) |

African and global institutional investors sign on to new $500m infrastructure fund

The fund will catalyse further investment flows into critical infrastructure, including energy, transportation, telecommunications, and water

Prominent African and global institutional investors have signed on to the new $500 million Africa50 Infrastructure Acceleration Fund - a move described as an unprecedented milestone for Africa. The fund is the first private vehicle infrastructure platform launched by Africa50. The collaboration brings together a diverse group of influential stakeholders…

African Development Bank Group (AfDB)

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    • Beneficiaries of the Togo agri-food project
    • A team from African Development Bank country office visiting the project site
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Source: African Development Bank Group (AfDB) |

In Togo, the African Development Bank-supported Agro-Food Processing Project hits its stride

The project is financed by the African Development Bank (47%), West African Development Bank (28%), the Government of Togo (17%) and the Seamaul Foundation (8%)

In the pilot agropole of Kara, located some 423 kilometres north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few metres away from the deafening noise, engineers and agricultural technicians are supervising the work and talking to community representatives. Launched at…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank

The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks. The funds will support a gender gap analysis of several WAMA strategies including those for…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Burkina Faso : la filière du karité majoritairement féminine réalise plus de 60 millions de dollars d’exportations

Les revenus des exportations de la filière sont ainsi passés de 52,7 millions de dollars américains en 2016 à 61,8 millions de dollars en 2019

Le Projet d’appui au développement intégré de la filière karité pour l’autonomisation économique des femmes (PADIFK), mis en œuvre entre 2016 et 2019 au Burkina Faso, a stimulé les exportations des produits du karité, selon un rapport de la Banque africaine de développement (www.AfDB.org) publié le 16 juillet. Le PADIFK,…