In an unwavering determination to boost the Shea Butter sector, Togo has embarked on an ambitious 2024-2028 investment action plan, amounting to over 3.1 billion FCFA for the next five years.
The Togolese government and its partners will mobilize a total of 3.1 billion FCFA over the next five years to enhance the national production of the Shea Butter sector. This comes as part of the new five-year plan adopted by the Ministry of Agriculture and the Interprofessional Council of the Togolese Shea Butter sector (CIFKAT). The core of the project revolves around three strategic pillars, interlocking like perfectly adjusted gears, promising to radically transform the sector and provide a new horizon for Shea actors.
The first pillar of the plan aims to increase the production of precious Shea nuts. To achieve this, a responsible and sustainable approach will be adopted, emphasizing the increase in tree population and the preservation of this vital resource. This eco-friendly approach will contribute to preserving the ecosystem while strengthening production, resulting in a double victory for Togo and the planet.
The second essential pillar of the plan is the professionalization of actors in the Shea Butter sector. By providing quality training and enhanced skills to farmers and processors, Togo ensures that each link in the value chain is strengthened. This will enable more efficient management, innovative agricultural practices, and optimized product transformation. Knowledge will merge with experience, creating unparalleled expertise in the Shea domain.
The last pillar, complementing this innovative vision, is value creation through the improvement of product and by-products quality. Togo will focus on research and development, thereby stimulating innovation in the Shea industry. New prospects will emerge for Shea-derived products, promising true treasures for consumers and economic opportunities for entrepreneurs.
To bring this ambitious project to life, Togo relies on a powerful alliance between local actors and Technical Financial Partners (TFP). The TFP will play a crucial role by investing heavily, to the tune of 2.58 billion FCFA, in the plan, demonstrating their confidence in the potential of Togolese Shea Butter. The Government and CIFKAT will also play a major role, mobilizing 87,000,000 FCFA and 133,000,000 FCFA, respectively, during this five-year period. This unprecedented collaboration promises to build a prosperous future for the Togolese Shea Butter sector.
With this action plan, Togo aims to write a new chapter in its agricultural history, resolutely looking towards a bright future for the Shea Butter sector.
