Investment: Germany to help Togo make its private sector more competitive

Economic governance
Thursday, 29 September 2022 13:16
Investment: Germany to help Togo make its private sector more competitive

(Togo First) - Germany will support investment projects in Togo as part of its new partnership framework with the West African country. Recently, GIZ Resident Director Inge Baumgarten and Togo's Minister of Investment Promotion, Rose Kayi Mivedor-Sambiani, discussed the upcoming implementation of the Promotion of Private Sector Competitiveness in Togo (ProComp) program.

This program aims to improve the business climate and investment through the strengthening of agro-industrial transformation and its value chains. It will be implemented through five (05) components.

The Ministry of Investment Promotion will play a key role in the program’s fourth component. The latter will support sustainable investments. 

According to Rose Mivedor, ProComp will greatly help the Togolese government. Indeed, Lomé has, over the past few years, been supporting the private sector, counting on it as a vector for the funds it needs for projects and reforms that are part of the Togo 2025 development roadmap. 

Esaïe Edoh

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