IFAD reappoints its president Gilbert Fossoun Houngbo for a second four-year term

TOGO – International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations has announced the reappointment of Gilbert Fossoun Houngbo, a senior official and former Prime Minister of Togo, as its head for a second term. IFAD’s board of governors, the Fund’s main decision-making body, has renewed its trust in him, for a second four-year term. Gilbert has headed the Rome-based institution since 2017. Not long after he was reappointed, the Togolese announced, on social networks that he would focus, during his new term, on consolidating actions…

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Togolese ride-hailing startup acquires food delivery business Delivroum

TOGO – Togo’s leading food delivery start-up, Delivroum has been acquired by Gozem, which started out as a ride-hailing business in the country but has been expanding its service lines to include delivery and logistics, scaling its “Super App” offering. According to reports by African Heroes, the transaction combines Gozem’s transportation network strength with the breadth of Delivroum’s restaurant network, in the hopes of creating an unparalleled food delivery platform in Togo. With the acquisition, Gozem broadens its delivery offerings, adding meal delivery to a bundle of services that includes…

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Togo secures US$3m loan from AfDB to support agriculture sector in the wake COVID-19 pandemic

TOGO – The Republic of Togo has secured a US$3 million loan from the African Development Bank (AfDB) to support the county’s agricultural sector in the wake of the COVID-19 pandemic. The approval of the loan by AfDB’s board enables the funds to be channeled to the Togo Agro-Food Processing Project (PTA-Togo), for the purchase of fertilizers, organic pesticides and seeds for approximately 150,000 smallholder farmers. The implements according to AfDB, will help farmers to handle the effects of COVID-19 during the coming cropping season. Since the World Health Organization declared…

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