Driven by the Adétikopé Industrial Platform, FDIs in Togo are expected at CFA277 billion, Govt says

Economic governance
Friday, 25 February 2022 14:24
Driven by the Adétikopé Industrial Platform, FDIs in Togo are expected at CFA277 billion, Govt says

(Togo First) - The PIA, an agro-industrial park, promotes the local processing of raw produce like cotton, cashew nuts, soybeans, coffee, and cocoa which are exported by Togo. 

Some of the projects already launched at the platform include TOGO Clothing Company, M Auto Electric Mobility, Togo Agro-Ressources SAU - which makes soy-based cooking oil, and Togo Wood Industries SARL.

It should be noted that Togolese authorities continue making efforts to attract external financing. For example, right before 2021 ended, on Dec 29, the parliament adopted two bills, one on public procurement and the other on public-private partnership (PPP) contracts.

The PPP bill aims to boost private investment in Togo in new sectors of activity, notably by improving the legal framework in the business environment.

Ayi Renaud Dossavi

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