The agro-industrial project called Africa Europa Farm has just benefited from a financing agreement of 55 million euros (36 billion FCFA). The official signing took place on Thursday, May 27, 2021. Africa Europa Farm aims to produce, process and market rice and maize on more than 4000 hectares in the Mono River Valley, as well as local development measures in the Bas-Mono (Afagnan) and Lacs (Aklakou) prefectures. According to the Ministry of Commerce, the signing of the MoU by the stakeholders confirms their commitments in its effective implementation.

Present at this ceremony, Philippe Pacquier, President of Africa Europa Farm, indicates that the project will consist in producing 100% Togolese rice. The first phase concerns 4,500 hectares and should allow the creation of 250 jobs to reduce unemployment in the locality. It is planned to set up a stable water pumping system, the creation of a training center in new cultivation techniques for skills transfers, and a dispensary.