Togo-EU economic forum to be held in Q2 2019, with focus on PND

Thursday, 22 November 2018 13:01
Togo-EU economic forum to be held in Q2 2019, with focus on PND

(Togo First) - After reaching out to Chinese investors, the Togolese government now turns to Europeans to invest in its five-year national development plan (2018-2022 PND).

Indeed, last Tuesday, on the sidelines of the 19th session of Togo-EU political dialogue, both parties decided to organize in the second quarter of 2019 a Togo-EU business forum, similar to the one recently held in China.  

The projected business forum will give Togolese authorities the chance to introduce European investors to the PND’s key projects. A move that aligns with their desire to make the private sector the main driver of the five-year strategy.

PND contains many projects spanning across the following sectors: finance, manufacturing, extractive industry, agriculture (agropoles), logistics (port, airports, roads, railways), and tourism (business tourism, ecotourism, blue tourism). To secure financing required for the projects, which appear quite massive, Lomé relies strongly on private investors. In detail, the latter are expected to contribute 65% of the amount required, about CFA300 billion.

 Fiacre E. Kakpo

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