UMOA-Securities: Regional investors keep their trust in Togolese economy ahead of coming presidential polls

Politics
Monday, 17 February 2020 12:07
UMOA-Securities: Regional investors keep their trust in Togolese economy ahead of coming presidential polls

(Togo First) - Despite concerns expressed by big financial institutions regarding risks associated with the coming Togolese presidential elections on February 22, the trust of West African investors in the country does not falter.  

Indeed, last Friday, for its third security issuance (fungible Treasury bonds) on the UMOA-Titres market, Togo raised nearly XOF53 billion, while seeking only XOF25 billion. The country will, however, retain only 27.5 billion out of the sum mobilized. This amount will partly be allocated to the 2020 State budget. 

Togo’s elections will be a test for the West African region where other countries such as Côte d’Ivoire and Guinea Conakry will also organize presidential polls this year.

Séna Akoda

togofirst mobile

 
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