Togo- Projet d'appui à la reconstruction des marchés et aux commerçants de Kara et de Lomé


Project Summary

Approval Date 26 Jan 2015
Signature Date 15 Jun 2015
Planned Completion Date 31 Dec 2018
Last Disbursement Planned Date 31 Dec 2018
Sovereign / Non-Sovereign Sovereign
Sector Social
DAC Sector Code 43010
Commitment U.A 580,949.4
Status Completion

Project General Description

The Kara and Lomé Markets Reconstruction and Traders Support Project (PARMCO) aims at the reconstruction of these two markets which were destroyed by fire in January 2013. The Lomé Main Market housed more than 10,000 traders (90% of them women) and the Kara Central Market about 2,500 traders (75% of them women). In fact, a commission set up by the Government following the fire disasters to identify victims and propose measures to assist them, identified to 3,016 traders directly affected by the disasters. The loss suffered by the traders is estimated at CFAF 5.9 billion. This support project includes the conduct of architectural studies and engineering of the markets to be rebuilt, construction of the new markets, and awareness-raising activities for traders on the need to formalize their activities, subscribe to insurance policies, and open accounts in banks or micro finance institutions, and to avoid hoarding. The project’s total cost, excluding tax and duties, is estimated at UA 14 ,548,257. PARMCO will be implemented over four years, and will be articulated around three components: (i) support for the reconstruction of the markets; (ii) capacity building of trade sector actors; and (iii) project management.

Project Objectives

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

Beneficiaries

The project's beneficiaries will include mostly traders, women entrepreneurs, officials of the Ministry of Trade and Private Sector Promotion, the Autonomous Local Public Establishment for the Operation of Lomé Markets (EPAM) and Kara Markets Authority (RMK) as well as young graduates, totalling about 15,000 persons.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
Direction de la Promotion du Secteur Privé (Ministère du Commerce et de la Promotion du Secteur Privé)

Information

IATI identifier 46002-P-TG-I00-006
Last Update 31 Oct 2019

Export

Contact Details

Email fapa@afdb.org

Geographic Location

Country Togo