Togo : FDIs soar by more than 400% standing at $145 million in 2017 (UNCTAD)

Investments

Monday, 16 July 2018 17:18

Togo : FDIs soar by more than 400% standing at $145 million in 2017 (UNCTAD)

(Togo First) - Foreign direct investments (FDI) in Togo surged back in 2017, after a negative performance (-46.5 million $) the year before.

According to data from the UNCTAD, FDIs in Togo in 2017 stood at $145 million, thus hiking more than 400%, over a year.

Despite the fall in prices of commodities, oil’s most significantly, having reduced FDIs flow to Africa in general, West Africa suffered more from the crisis and distinguished itself as the second region of the continent to receive the most FDIs after North Africa. Indeed, the region captured 21% of all FDIs captured by the continent, or $11.3 billion (-11% compared to 2016).

Though West Africa performed relatively well, compared to other parts of the continent, in terms of FDIs captured in 2017, the overall slump was spurred by lower performances recorded by Nigeria (-21% to $3.5 billion), Guinea (-64%), Mali (-25%) and Liberia (-45%). Ghana also attracted more FDIs over the period reviewed.

Besides these few countries, others in the sub-region such as Togo did quite well. Truly, the latter recorded a 400% surge. There is also Sierra Leone (+300%), Benin (+40%), Burkina Faso (+24%), Côte d’Ivoire (+17%), Senegal (+12.7%) with respectively $560 million, 184 million, 485.9 million, 674.7 million and 532.3 million of FDIs captured in 2017.

Fiacre E. Kakpo & Séna Akoda

Source: http://www.unctad.org/en/Pages/DIAE/World%20Investment%20Report/Annex-Tables.aspx

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