Togo: Government showcases investment potential to US investors

Economic governance
Tuesday, 23 May 2023 17:24
Togo: Government showcases investment potential to US investors

(Togo First) - Now that it is eligible for the Millennium Challenge Corporation (MCC) Compact Program, Togo wants to take advantage of opportunities offered by the United States International Development Finance Corporation (US-DFC). It aims to do so through the American Catalyst Facility for Development (ACFD), a facility that funds development projects in Africa. In this framework, the Togo MCC Compact program implementation unit and the US-DFC organized a virtual meeting on investment opportunities in Togo last Wednesday, May 17.


The session gathered over 200 investors, mostly members of the US Chamber of Commerce. Participants were mainly briefed on the ACFD which is a mechanism set up to optimize and organize collaboration between the MCC and the US-DFC. Its ultimate goal is to mobilize private sector capital from the US to finance companies in developing countries.

During the meeting, investors were introduced to various business opportunities available in Togo, across various sectors, and to the Togolese government’s top projects and priorities. Speaking on the occasion, Stéphane Tchasso Akaya, Secretary General of the Ministry of Economy and Finance and National Coordinator of Togo's Compact program, said: "Togo enjoys an exceptional geostrategic position and remains a privileged gateway to the West African market of 300 million inhabitants. The roadmap which is valued at US$6 billion offers investment opportunities in high-impact projects, with up to 52% of the portfolio available for the American private sector."

For her part, Rose Kayi Mivedor, the Minister for Investment Promotion, noted that "accelerating economic growth is a priority for the government, which has a roadmap with 36 projects and six priority reforms to implement by 2025."

This meeting was held as part of the "Vendre la Destination Togo” initiative. The latter aims to promote Togo to investors from different countries.

Esaïe Edoh 

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