Togo is the natural point of entry into the west-African market
Accessible regional market of 400 Mn consumers through ECOWAS and WAEMU associations
The presence of agricultural commodities like Cotton, Soybeans, Cashew, Shea Nuts, Peanuts, Maize, Pineapples, Mangoes in abundance
Togo is one top five producers of phosphates globally, and largest exporter of organic soybean to EU
For the past decade, Togo’s economic growth has been about +5% per annum
Growth target of 7.6% as per the National Development Plan launched by government to unlock the Togo’s potential
Young and well trained population, with 70% of the people aged below 35 years
Guaranteed freedom to hire under flexible labour code
Minimum wage at around 60$, significantly lower than its peers across the globe
With the annual handling of 1.5 million TEUs, the Lomé port is the biggest port across the West Africa
World-class airport hub with a direct connection to 27 international cities, including Paris, Addis Ababa, NY
Ranked as the 3rd best reformer globally in the Doing Business (2020) report by World Bank, Togo has established itself as a leader in ease of doing business across West Africa.
Full Duty-And-Quota-Free (DFQF) Access To EU and US Markets Through AGOA, EBA, ACP/EU
In addition, Togo is part of the following treaties and organizations
i. UEMOA : West African Economic and Monetary Union,
ii. ECOWAS : Economic Community of West Africa states, over 400 million consumers.
iii. MIGA : Multilateral Investment Guarantee Agency
iv. AGOA : African Growth and Opportunity Act
Political stability with a presidential system and regular elections
Through the National Development Plan, Togo aims to achieve a 7.6% growth target through the implementation of flagship projects with high potential for large-scale job creation of more than 500,000 and the predominant involvement of the private sector.
Lomé, the capital city, is an important financial centre, housing financial institutions with their regional headquarters located in Togo (ECOBANK, BIDC, ORABANK, West African Development Bank)
Business tourism hub in the sub-region
A resolutely pro-business focus
A government determined to reduce poverty
These target sectors were identified based on relevant raw material availability, their growth rate, their export potential and various other factors.