In Togo, the pineapple sector just received from the European Union a support facility of about CFA4 billion (USD 6.9 million).
The financing is provided in the framework of a project to boost the pineapple industry’s competitiveness. Co-financed by the European Fund for Development (EDF) and the German Agency for International Cooperation (GIZ), the project was launched this Thursday at Afrik Excel, a pineapple-processing facility located in Adangbé (46km North-East of Lomé), by Togo’s minister of industry, Yaovi Ihou, and Cristina Martins Barreira, head of the EU delegation in Togo.
In effect, the project will help reduce production and commercialization costs in the pineapple sector, thus making it more competitive. This would in parallel ease small farmers’ access to the various sales chains, in the country and outside.
There are nearly 400,000 pineapple growers in Togo and the recent financing is not the first captured by the sector. Indeed, in 2018, the World Bank and some private investors like the Moringa Fund which specializes in agroforestry projects across sub-Saharan Africa and Latin America, injected monies into this sector, via the Agriculture Support Project (PASA).
Source: Ayi Renaud Dossavi, Togo First