World Investment Forum: Minister of Investment Promotion, Rose Mivedor, praises Togo as a top destination for FDIs

Economic governance
Monday, 25 October 2021 17:47
World Investment Forum: Minister of Investment Promotion, Rose Mivedor, praises Togo as a top destination for FDIs

(Togo First) - The Togolese Minister of investment promotion, Rose Mivedor, participated in the World Investment Forum held last Friday. The virtual event was organized by the United Nations Conference on Trade and Development (UNCTAD) and focused on the contribution of foreign direct investments (FDI) to the world’s economic recovery. On this occasion, Mivedor praised her country as a model in terms of FDIs.

In a ministerial and business executive roundtable gathering ministers from Bangladesh, Angola, Uganda, Timor, Cambodia, and Haiti, the Togolese official explained her comment by mentioning “the recent reforms introduced by the country enabling the development of an economic and logistics framework to boost the key sectors identified by the Togolese State.”

Togo was, according to UNCTAD, the top African destination for FDIs in 2020. The country attracted $931 million (CFA512 billion) of FDIs last year, up by a staggering 85% compared to the year before. 

Rose Mivedor, in her address, stressed that “Togo wished to, through its development plan, attract a maximum of FDIs in its top-priority sectors.”

The West African country also plans to “build partnerships with other nations, as it did by signing a memorandum with Singapore, to mutually leverage opportunities that each party has to offer.”

Esaïe Edoh

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.