Port of Lomé: Stake of the Togolese government in Togo Terminal rises by 25%

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Monday, 06 March 2023 14:59
Port of Lomé: Stake of the Togolese government in Togo Terminal rises by 25%

(Togo First) - About a week ago, the Togolese government revealed that its stake in Togo Terminal went from 5% to 30%. This is the fruit of a highly-anticipated deal between Lomé and the terminal’s owner, MSC, ending a four-year-long legal dispute between the two sides. 

Commenting on the deal, the Council of Ministers of Togo said it “welcomes this win-win agreement that is proof of a mature partnership between the two actors". In addition, the Council added that it appointed two additional directors to the Terminal’s board.

For the Togolese authorities, the stake increase “paves the way for new investments and new partners” which will contribute to the port of Lomé’s development.

Operated by MSC, the Togo Terminal processes the most significant volume of containers in Togo, after the Lomé Container Terminal (LCT). The latter is also operated by MSC, via its subsidiary, Terminal Investment Limited (TIL). 

The Togo Terminal has been active since 2001 and is a major actor in the port of Lomé. 

Ayi Renaud Dossavi

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