Africa Resilience Investment Accelerator Expands to Togo

Investments

Friday, 30 May 2025 14:15

Africa Resilience Investment Accelerator Expands to Togo

(Togo First) - The Africa Resilience Investment Accelerator (ARIA) platform will launch operations in Togo and Guinea. The move aligns with the pan-African platform’s ambition to increase private-sector investment in underserved “border economies.”

ARIA was founded in 2021 by British International Investment (BII) and Dutch bank FMO. Since then, the platform has mobilized over $50 million in various countries, including Benin, the Democratic Republic of Congo, and Liberia.

ARIA’s expansion into Togo coincides with the integration of Proparco, the private sector arm of the French Development Agency (AFD), into the platform. Proparco’s integration aims to strengthen ARIA’s impact through three main strategies: geographic expansion, enhanced technical assistance, and a broader range of financing options.

“We are delighted to join the ARIA platform alongside FMO and BII. This partnership reflects our shared commitment to catalyze private investment where it is most needed. Proparco is ready to play an active role in increasing investment in the countries covered by ARIA, and to help build more resilient and dynamic economies,” said Françoise Lombard, CEO of Proparco.

For Togo’s private sector, ARIA’s arrival opens new opportunities for capital mobilization. ARIA identifies high-potential companies in sectors like agrifood, energy, and manufacturing that need between $5 million and $20 million in financing.

According to ARIA’s latest report, 128 analyzed companies expressed financing needs totaling $2 billion. Nearly half of this amount targets projects to reduce imports or boost local exports.

This article was initially published in French by Ayi Renaud Dossavi

Edited in English by Ange Jason Quenum

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.