2023-04-20 13:04:24
Togo is increasingly strengthening its attractiveness. The country has become a destination of choice for foreign investment in view of recent advances in the business world with figures that speak volumes.
Indeed, the volumes of Foreign Direct Investments (FDI) recorded by the Togolese economy amount to 191 billion and 352.5 billion CFA francs respectively for the years 2019 and 2020. Investments have been strengthened especially with the operationalization of the Adétikopé Industrial Platform (PIA) for a total cost of US$100 million.
The country attracted on behalf of the fourth quarter of 2022, more than 43 billion CFA francs of foreign investment. The details show that 12 accreditation projects were approved by the Togolese Accreditation Committee during this period.
These projects are mainly supported by Indian, Singaporean and Chinese investors in various sectors such as textiles, wood and construction, agrifood, mechanics and services. In addition, according to the Ministry of Investment Promotion, 24 investment projects approved for a total amount of 107.1 billion CFA francs over the first three quarters of 2022.
It should be noted that Togo’s 2020-2025 government roadmap envisages investments of more than CFAF 3,000 billion. The ambition of this public investment program is to support projected economic growth of more than 7%. This is an essential reason to encourage investment, both national and foreign, especially since the roadmap intends to mobilize, for the realization of the projects it carries, private national and foreign investment up to 65%.
Chris DADA
1682057207
#Foreign #direct #investment #rise #Togo
