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– Increase in Foreign Direct Investment (FDI)

Despite the global recession caused by the Covid-19 pandemic, Togo has demonstrated its agility and resilience in its ability to attract ever-increasing investment.
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While the African continent is recording a 16% drop in Foreign Direct Investment (FDI) flows, Togo is posting much more attractive figures. According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report, FDI to Togo increased from nearly 346 million $ (191 billion FCFA) in 2019 to more than 639 million $ (352.5 billion FCFA) in 2020, an increase of 85% over the year. Togo ranks among the African countries that have recorded a significant increase in this indicator despite the recession linked to the health situation.
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At the forefront of this significant growth, the report highlights the project of a building materials factory worth 137 million $ announced by the CimMetal group (Burkina Faso) and investments estimated at 100 million $ from various companies (CIMTOGO of the Heidelberg group, industries of the PIA site, etc.) approved under the Investment Code and the free zone regime.
Thus, thanks to bold reforms and massive, structural investments in infrastructure that have helped to significantly improve the business climate in Togo and the effective management of the Covid-19 crisis, Togo has maintained its attractiveness to investors.
Furthermore, the establishment of a regulatory framework for public procurement and public-private partnerships, as well as the implementation of the government's 2025 Roadmap, consisting of reforms and major logistical and socio-economic infrastructure projects, augurs well for a consolidation of the expected contribution of the private sector and the role that FDI flows will be able to play in the next five years.
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