Togo: Government expects private firms’ investments to grow this year, after slumping in 2017

Investments
Thursday, 10 May 2018 16:44
Togo: Government expects private firms’ investments to grow this year, after slumping in 2017

(Togo First) - Total investments of Togolese firms should rise this year, after slumping in 2017. This projection was made in the 5th investigation for macroeconomic survey in 2017, carried out by the ministry of economy and finance. Sample population for the study was 200 companies, picked from OTR’s database.

Volume of investments decreased by 18.6% in 2017, as compared to 2016 despite a greater contribution of banks in the investments (+20%). Now, it is forecasted to grow by 4.9% in 2018.

According to the survey, firms’ output in 2017 stood at 2.6% against 6.6% in 2016, and should stagnate this year. Last year’s poor performance was attributed to political tensions recorded in the second half of the year.

Regarding the companies’ turnover, the document states that it grew by 2% only, as against 3.3% in 2016. Added value generated by the companies slumped from 3.6% in 2016 to 3.2% in 2017.

Fiacre E. Kakpo

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