Togo’s port traffic grew by 25% in H1 2018, IMF says

Monday, 28 January 2019 16:19
Togo’s port traffic grew by 25% in H1 2018, IMF says

(Togo First) - Togo’s port traffic increased by 25% between January and June 2018, a note from the International Monetary Fund (IMF) revealed.

According to the Fund, the increase, paired with good results in the sectors of agriculture (cotton) and mining (phosphate), helped stabilize the country’s economic activity. The latter actually grew 4.7% in 2018.

The Bretton Woods organization expects the country’s economy to grow by 5%, taking into account the first PND projects underway to make Togo a major logistics hub as well as a dynamic financial place and a solid industrial base (with industrial parks).

According to Dynamar, Lomé became at the end of 2017 the main container port of the sub-region, stealing Lagos’ place.   

Fiacre E. Kakpo

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