Togo Was Benin’s Second-Biggest FDI Provider in 2022

Thursday, 20 June 2024 16:05
Togo Was Benin’s Second-Biggest FDI Provider in 2022

(Togo First) - Togo was Benin's second-largest net foreign direct investment (FDI) provider in 2022.  This is according to data from the Central Bank of West African States (BCEAO). 

China was first and Lebanon was third. Burkina Faso, India, Morocco, Brazil, Congo, and Switzerland followed. 

Net FDI flows represent the difference between inward and outward FDI. Over the period concerned, Benin recorded a net gain of CFA35 billion in this regard. 

The BCEAO’s data shows that Togo mostly invested in Benin’s insurance and intermediation services sector; a total of CFA41 billion exactly. In reverse, Benin invested CFA5.9 billion in Togo in 2022–CFA4.9 billion in trade, CFA564.3 million in manufacturing, CFA406 million in communication, and CFA30 million in transport and warehousing.

Ayi Renaud Dossavi

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