Economic opportunities

Togo, the gateway to West Africa

Togo has worked hard since 2007 to boost its economy and build the foundation for the solid growth which has been among the most significant seen in the region. This relaunch of the economy has helped to reposition Togo as a dynamic player in the region and seen it achieve some significant initial economic success, thereby earning the confidence of international investors.

Lomé is home to the headquarters of regional airline Asky, pan-African bank Ecobank, and the Lomé Autonomous Port, the only port on the West African coast from which you can get to several capitals in one day. Using the Port of Lomé therefore for the carriage of goods means benefiting from very competitive timelines and costs. With their strong pro-business approach, the Togolese authorities have instituted reforms, including the introduction of a new investment code; they have improved the ease of doing business, joined the Extractive Industries Transparency Initiative and set up a commercial court.

Economy togo

Economy

The country's economy is dominated by commercial and subsistence farming. Food and cash crop production accounts for 47 % of GDP, providing work for 65 % of the population. The mining industry is one of Togo's most promising economic sectors, with the country being the world's fourth largest phosphate producer. Its estimated 60 million metric tons of reserves have potential to give this industry a boost.

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Opportunities

Positioned right on the Abidjan to Lagos coastal road, in the heart of West Africa, Togo is the hub for the West African Economic and Monetary Union and the rapidly integrating common market.

The country offers plenty of opportunity for investments, especially in the following areas:

• Infrastructure
• Energy
• Agriculture
• Mining
• Tourism

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Opportunities togo
The Autonomous Port of Lomé togo

The Autonomous Port of Lomé

Deep-water port

With a depth of 14 meters, the Port of Lomé is the only deep water port on the West African coast that can accommodate third-generation ships.

Exceptional natural and nautical conditions

The port basin is bounded by two breakwaters of 950 m and 1720 m in length, which protect it from silting up. Moreover, Lomé has a low tidal range (1.20 m) and moderate winds. These conditions therefore allow any type of ship to access the port at any time of day or night.

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Why invest in Togo?

• Flourishing growth (of 4% on average over the last five years)

• A young, dynamic and abundant pool of labor

• The country's geographic location at the heart of the sub-region, making it a natural hub for access to the West African market of 350 million people (ECOWAS)

• A strategic positioning with its deep water port (14 m deep), the only one in the sub-region

• Political stability

• West Africa's leading financial center

• A new investment code with many advantages for investors

• Continuous improvements being brought to the business environment (up 15 places in the 2015 Doing Business rankings)

• Tax and customs benefits on exports for processing and service companies