Togo: Investment plan of 33.5 million euros for the development of the cocoa and coffee sectors by 2030
Significant growth in cocoa and coffee exports
During the 2022-2023 marketing year, Togo recorded a 9% increase in coffee exports and a 63% increase in cocoa exports. This encouraging performance is pushing the authorities and sector stakeholders to plan strategic investments to ensure the continuity of this growth.
A 22 billion FCFA investment plan in preparation
Togo is preparing a global investment plan of 22 billion FCFA (33.5 million euros) to boost the cocoa and coffee sectors by 2030. Discussions with specialized consultants and the authorities are soon to be completed to finalize the programs. This plan provides an envelope of 10.3 billion FCFA for cocoa and 11.7 billion FCFA for coffee. The objective is to reorganize the sectors and set up a financing mechanism for small farmers, particularly those in disadvantaged situations.
A strategic framework to strengthen the competitiveness of sectors
The project aims to establish a strategic framework that will optimize the profitability of the cocoa and coffee sectors while ensuring a vital income for producers. According to Enselme Gouthon, president of the Coordinating Committee for the Cocoa and Coffee Sectors of Togo (CCFCC), the ambition is to create efficient sectors, capable of generating decent jobs and promoting local processing of products. These actions will contribute to improving the country’s competitiveness on regional and international markets.
Conclusion
Togo is implementing an ambitious initiative to strengthen its cocoa and coffee sectors, which are essential to its agricultural economy. Through this investment plan, the country hopes not only to increase its local production and processing, but also to position itself sustainably on international markets, while improving the living conditions of rural producers.
