Togo has achieved a significant milestone in its efforts to combat marine erosion along its Atlantic coastline, thanks to XOF 23 billion (approximately 35 million euros) in financing provided by the French Development Agency (AFD).
Togo has successfully secured XOF 23 billion (approximately 35 million euros) in financing from the French Development Agency (AFD). This injection of funds, in the form of a credit, aims to support the West Africa Coastal Areas Resilience Investment Project (WACA ResIP-Togo), which also benefits from collaboration with the World Bank and other partners.
The financing agreement signing ceremony, which took place on Friday, September 8th in Lomé, brought together key stakeholders from both sides, including the Togolese Minister of Economy and Finance, Sani Yaya, and the French Ambassador to Togo, Augustin Favereau. The Director of AFD in Togo, Zolika Bouabdallah, as well as the Minister in charge of the environment, Foli-Bazi Katari, were also present at this crucial event.
This financial support from AFD is part of an ambitious project aimed at protecting a 7-kilometer stretch of the Togolese coast, located between Gbodjomé and Agbodrafo, from the ravages of marine erosion.
It is worth noting that AFD is not the only partner involved in this crucial mission. A few days before the signing of this agreement, Invest International, a Dutch company, announced its commitment to provide additional financial support of over XOF 16 billion. This additional contribution will complement the planned investments on this 7-kilometer stretch, thereby enhancing Togo’s ability to address coastal erosion challenges.
