Invesment promotion: Togo approved 24 new projects in Q3 2022

Economic governance
Wednesday, 04 January 2023 12:34
Invesment promotion: Togo approved 24 new projects in Q3 2022

(Togo First) - A total of 24 new investment projects were approved in Togo in Q3 2022. Valued at CFA107.1 billion, according to the Ministry of Investment Promotion, these include 10 projects approved under the Free Zone regime and 14 under the Investment Code. All of them should generate 2,000 permanent local jobs.

Regarding investment sources, there are 14 foreign direct investment (FDI) projects, valued at CFA82 billion. Out of the 14, three, valued at CFA15.3 billion, will be developed at the Industrial Platform of Adetikope (PIA).

The remaining 10 projects are national investments totaling CFA25.2 billion.

In 2021, 38 new projects, valued at CFA277.2 billion, were approved under the Free Zone regime and the Investment Code.

Recently, the ministry of investment promotion announced it would reinforce its partnership with Togolese embassies abroad, in hope of securing more investments.

Ayi Renaud Dossavi

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.