Foreign

FDI in Figures

Even though FDI stocks in Togo remained weak in 2015, they have experienced a slight increase in recent years. The improvement in the business environment and the launching of construction projects in electrical power stations should facilitate an increase of FDI in the coming years. Moreover, the current political stability that rules in the country should allow the implementation of economic reforms and create an easier access to investors in the State's failing companies. Togo has a free trade zone, which has attracted 62 companies and employs over 12,000 people. The authorities have begun working on a new mining code, which should be more transparent; the first version should be published in 2016. In early 2015, Togo adopted a new Investment Code.

In April 2015, a motorcycle assembly plant financed by a Chinese group was opened, an investment of CFA 2.6 billion. The French group Bolloré has recently invested in the construction of a third pier in the Lomé Port. In March 2016, the China Merchants Group, a shareholder of the Lomé Container Terminal, announced new planned investments in Togo. Lastly, the Togolese Government is studying the possibility of building a floating island in order to decongest the Lomé Port, a project that would require USD 2.6 billion worth of investment.

The World Bank's 2016 Doing Business report ranks Togo 150th of 189 countries; this year, the country has made significant progress in terms of electricity distribution. Moreover, while official development aid to Togo has been decreasing, the Government announced, in May 2016, that it intends to develop new projects through public-private partnerships (PPP, in French), which could attract new FDI.

The sectors that attract most of foreign investment are phosphates, cotton, infrastructure, coffee and cocoa. France, Canada and Brazil are the main investing countries. In early 2016, Togo begun to build a closer relationship with Germany that could eventually lead to a new influx of FDI. The German Public Bank has also announced that it would support new investment.

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