Togo’s Free Zone: A Hub for Investment ‍and Economic ⁣Growth

Togo has experienced a significant increase in investments towards companies established ⁣in the free zone, showcasing the country’s growing attractiveness as a destination of choice‌ for domestic and ⁤international‌ investors.

The Togolese free ⁣zone​ offers a favorable environment for investments, attracting an⁤ increasing ⁢number of local and foreign companies. These companies ​enjoy a healthy business climate and‌ benefit from attractive tax and customs incentives, such as tax exemption, ‌tax ⁢reductions, ease of ‌administrative procedures, and​ legal security for investments.

Investment Incentives and Benefits

The government’s efforts to stimulate industrialization and strengthen the country’s competitiveness on the world economic stage are bearing fruit. The steady inflow of foreign capital into companies operating in free zones is a testament​ to the success of these initiatives.

Key Sectors and⁢ Investment Figures

Some of the sectors most affected by the activities of companies established in free zones⁢ are agriculture and industry. In terms of agriculture,​ there⁢ is a 15% increase in cereal production between ⁣2020 and 2023 in the country, resulting‌ from the development of 35,000 hectares of agricultural land, the distribution of subsidized⁤ inputs, and the ‍introduction of mechanization.

In terms of industrial activities, the Adétikopé industrial platform (PIA) has been a ‌major success⁢ story. Established in June 2021, it⁣ has developed over 410 hectares, ⁣including more than 20 industrial units specializing​ in​ agro-industry and logistics.

Since 2020, investments in companies approved in⁤ free zones and admitted to the Investment⁣ Code⁣ have reached 346 billion CFA​ francs, creating around 5,500 jobs.

Highly Productive Companies and Job Creation

Several ⁣operators are developing their‌ activities on the site, in different sectors. Chinese ‌and Korean companies represent⁢ more than 64 ‌billion CFA francs of investments in the free zone, creating over 3,000 local jobs.

Lebanese companies ​in the free⁤ zone‍ have made almost 154‍ billion CFA francs in investments since ‌their establishment, creating 8,723 national jobs.

The increase in investments in companies‌ approved ‍in free zones shows the success of ‌economic reforms and the industrialization strategy led‍ by the government.