Agricultural insurance to be launched in Togo

agri insurancesThe Togolese farmers may soon benefit from an insurance coverage. At the initiative of the Mécanisme Incitatif de Financement Agricole (MIFA), a meeting was held in Lomé on the 3rd of May 2019 between officials from the Ministry of Agriculture and those from the Projet d’Appui à l’Employabilité et à l’Insertion des Jeunes dans les Secteurs Porteurs (PAEIJ-SP).

The meeting aimed at establishing a roadmap targeting the foundation of an insurance system for the Togolese farmers.

The Bureau Agriculture Résilience Assurance Conseils (BARAC) has been designated to ensure the feasibility of the project. The Survey whose report is to be published by late August 2019, is sponsored by the African Development Bank (AfDB).

Read also | Togo joins the African Trade Insurance Agency

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