Togo: New investment code adopted by the parliament

Economic governance
Thursday, 13 June 2019 18:34
Togo: New investment code adopted by the parliament

(Togo First) - Announced during a council of ministers at end of May 2019, Togo’s new investment code was unanimously adopted by the parliament last June 11.

The document aligns with the ambitions of the country’s national development plan which aim to make it more attractive and draw foreign firms and investors.

According to minister of economy, Sani Yaya, “the code is a key legal tool for the government to secure more investments, and “pursue its social and economic development strategy.

The minister emphasized that the new code has three main objectives, knowingly: revitalized economic activities, boost investments, create wealth for a sustained and inclusive growth, in order to promote job creation.

Let’s recall that almost two-third of the PND’s financial needs (XOF4,622 billion) should be provided by the private sector. Actually, the ongoing Togo-EU forum should significantly contribute to this goal.

Ayi Renaud Dossavi

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