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Togo: A Gateway to Africa

Togo is the natural point of entry into the West-African market...
  • GDP growth rate: 5.0%
  • Nominal GDP: XOF 2400bn (USD 5bn)
  • Economy based on agriculture (40% of GDP), mining and trade
A resolutely pro-business focus
  • 5th world biggest phosphate producer
  • A world-class port and airport that makes Togo a prime sub-regional business hub
  • No.1 banking sector in West Africa (by number of head offices)
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  • Area: 57,000 sq. km.
  • Population: 8 million
  • Capital: Lome
  • Official language: French
  • Currency: CFA Franc (Pegged to Euro)
A government determined to reduce poverty
  • Political stability with a presidential system and regular elections
  • Healthy, established political dialogue
  • Francophone member state
  • Commonwealth membership in progress

Message from the President

This public private partnership demonstrates what can be achieved when ambitious and established investors like Arise IIP join forces with Togo and the Togolese. The platform will capitalise on our country’s rich natural resources, ensuring that Togo obtains a greater share of the value Read More This public private partnership demonstrates what can be achieved when ambitious and established investors like Arise IIP join forces with Togo and the Togolese. The platform will capitalise on our country’s rich natural resources, ensuring that Togo obtains a greater share of the value added through local industry development dedicated to the processing and transformation right here in the country. Agriculture is our lifeblood and we will further develop our industry to ensure that Togo and the Togolese benefit from its natural wealth. I take this opportunity to encourage ambitious entrepreneurs to consider this project as just one example of what can be achieved in Togo, of the huge human and natural resources on offer, and of our willingness to engage with any investors and businesses that are serious about creating mutual value. Read Less
Faure Gnassingbé
President of the Togolese Republic

Key Investment Opportunities

These target sectors were identified based on relevant raw material availability, their growth rate, their export potential and various other factors.

Cotton and Textiles
Cashew
Soybean
Shea
Fruit Processing
Agro Processing
Metal Recycling
Wig Manufacturing
Automobile Assembly
Cosmetics
Others

Here are 09 Reasons to Invest in Togo

01
Geographical Situation

Togo is the natural point of entry into the west-African market

Accessible regional market of 400 Mn consumers through ECOWAS and WAEMU associations

02
Abundance of Raw Material

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

03
Emerging Market

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

04
Young and skilled manpower

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

05
Global Connectivity

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

06
Conducive Business Environment

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.

07
International Treaties

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

08
Policy Support

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.

09
Advanced Financial Services

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

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