Togo to officially launch national development plan next March 4, in Lomé

Economic governance
Monday, 25 February 2019 17:16
Togo to officially launch national development plan next March 4, in Lomé

(Togo First) - On March 4, 2019, Togo will officially launch its national development plan (2018-2022) in Lomé.

Adopted at a ministers’ council, the plan sets strategic goals for economic and social development, but also for growth over the 2018-2022 period. It revolves around three axes ; the first which aims at creating a top-class logistics hub and a business center of reference in the region ; the second which aims at developing poles of agricultural processing, manufacturing, and mining ; and the third which aims at consolidating social development and boosting inclusion mechanisms.

With this plan, authorities plan to create 500,000 jobs by 2022, and achieve a GDP growth of 7.6%.

To implement it, the country wants to attract 3,000 billion CFA from the private sector alone, out of a total of 4,622 billion needed.

Subsequent to the China-Africa summit which held Togo’s first ever business forum, a Togo-EU forum will be held next June 13-14. Just like the forum in China, the second’s purpose is to let Togo showcase its growth ambitions and business climate.

Séna Akoda

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