MIFA injects over CFA500 million in a local cashew producer

MIFA injects over CFA500 million in a local cashew producer


MIFA injects over CFA500 million in a local cashew producer
Agriculture
Tuesday, 09 February 2021 16:21
(Togo First) - Complexe Cajou du Centre was able to secure 600, 000,000 CFA with the help of the risk-sharing based Incentive Mechanism for Agricultural Financing (MIFA). The funds will be used by the firm to modernize its production. 
Complexe Cajou du Centre processes cashew nuts with automated equipment and with this gracious help it was able to create 200 direct jobs, mostly for women, and 100 temporary jobs, in Sagbadeï, a village in the Central region of Togo where it is based. 
The news was disclosed by the firm who said it would cover part of the risks associated with agricultural loans. The commitment was taken during a visit from Togo’s PM, Victoire Tomégah-Dogbé, at Complexe Cajou du Centre. 

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