Economic reforms: Togo boosts its attractiveness through strategic alliances

Togo is solidifying its reputation as a prime destination for investors, thanks to the government’s ambitious reforms aimed at enhancing the business climate and fostering strategic partnerships.

In line with this dynamic, the Chamber of Commerce and Industry of Togo (CCI-Togo) and the ECOWAS Bank for Investment and Development (EBID) are laying the groundwork for a transformative collaboration to boost the private sector.

A recent high-level meeting between CCI-Togo President José Syménouh and EBID Vice President for Operations Olagunjou Ashimolowo outlined the framework for this promising partnership.

Key areas of focus included business financing and the creation of economic opportunities for private sector players.

José Syménouh highlighted CCI-Togo’s initiatives designed to drive local economic growth and support businesses in scaling their operations.

These efforts align with the Togolese government’s vision to position the private sector as a cornerstone of national development.

Olagunjou Ashimolowo, on behalf of EBID, expressed firm support for these initiatives, emphasizing that this collaboration presents a unique chance to strengthen local economic actors and enhance the competitiveness of Togolese enterprises.

This partnership comes amid a favorable context shaped by profound reforms undertaken by the Togolese government.

These measures have improved transparency, streamlined administrative processes, and expanded access to financing, further cementing Togo’s status as a hub of opportunity for global and local investors alike.

Kodjovi Makafui