Egypt looks to increase its investments in Togo

Economic governance
Tuesday, 29 June 2021 14:27
Egypt looks to increase its investments in Togo

(Togo First) - Egypt’s new ambassador to Togo, Ahmed El Samawi, recently met with the President of the Special Consular Delegation of the Chamber of Commerce and Industry of Togo, Nathalie Bitho. During the audience, El Samawi talked about Cairo’s interest in encouraging Egyptian businesses to invest in Togo.

Covid-19 has impaired efforts and economic assets but it is time activities between our two countries resume, the Egyptian said. He committed to double down on his efforts to make Egypt one of Togo’s main economic partners. 

In response, Bitho, the CCIT’s top brass, presented investment opportunities Togo offers Egyptian businesses. 

According to the Egyptian embassy, trade between the two nations grew to nearly $60  million (about CFA33 billion), from 2018 to 2020. 

Besides trade, Egypt supports Togo in sectors like security, fighting terrorism, infrastructure, aviation, agriculture, tourism, notably by offering internship opportunities to Togolese officials. 

Esaïe Edoh

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