Togo among top 5 African countries attracting international firms the most on the continent (CIAN)
Wednesday, 13 February 2019 16:52 
(Togo First) - With a score of 2.8 over 5, same as Tunisia, Togo’s business climate is getting more attractive according to the 2019 Annual Rankings of the French Investors Council in Africa (CIAN).
The country owes this performance to its modernized port and air networks, its position of trade hub, tax incentives, security level, and right to employment, among others. Due to these advantages many multinationals have decided to settle in Togo.
65% of heads of firms questionned in the framework of the rankings’ elaboration expect their turnover in Togo to rise this year. In 2018, this figure stood at 44%. Meanwhile, 22% of the firms expect no change in their turnover and 11% expect it to decrease.
Commenting on the positive expectations of most chiefs of multinationals present in Togo, Sandra Johnson, Advisor to the President, and Head of Togo’s Business Climate Cell, declared: “This assessment confirms the good performance of Togo in the 2019 Doing Business”.
In 2018, let’s recall, intentions to invest had slumped by 11%, due to concerns spurred by sociopolitical protests. This year however, the country should attract more investments according to CIAN’s barometer.
In detail, 34% of firms surveyed say they are ready to increase their investment in Togo, whereas 44% of the surveyed plan on maintaining their current investment expenses at the same level as in 2018. The remaining 22% for their part intend to invest less in the country.
The CIAN survey was carried out between June and September 2018, taking as sample population 1244 heads of companies.
Fiacre E. Kakpo
