Project Summary

Project General Description

This project seeks to rebuild the Lomé Main Market and the Kara Central Market, which were destroyed by fire in January 2013 as well as the capacity building of traders. It includes the conduct of the architectural and engineering design studies of the markets to be rebuilt, construction of the new markets and sensitization of traders on the need to formalize their activities, take out insurance policies and open accounts in banks or microfinance institutions and to avoid hoarding. It will also support the modernization of beneficiaries’ activities by training market traders in bookkeeping and organizing training for members of women business executives’ associations on various business management-related themes. In addition, the project will build the capacity of the Ministry of Trade and Private Sector Promotion to improve business sector management and the supervision of traders. It will be financed with a UA 1.930 million ADF loan, a UA 1.650 million ADF grant, a UA 0.477785 million FAPA grant, a UA 0.534 million WADB grant and a UA 9.955530 million Government contribution. The project will be implemented over a four-year period from January 2014 to December 2017.

Project Objectives

The project’s objective is to contribute to revitalizing and modernizing the trade sector in Togo following the burning of the Kara and Lomé Markets. The project's specific objectives are to: (i) to facilitate reconstruction of the markets; (ii) improve the management of the activities of traders and enhance the efficiency of their support; and (iii) promote job creation, particularly for youths.

Beneficiaries

Project beneficiaries will include mostly traders, women entrepreneurs, officials of the Ministry of Trade and Private Sector Promotion, EPAM and RMK as well as young graduates, totalling about 15 000 people.

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