Togo : Faure Gnassingbé turns the country into a emerging Sub-Regional logistic and commercial hub…
Under the leadership of President Faure Gnassingbé, Togo is increasingly asserting itself as a crucial economic and commercial hub in the West African sub-region. With visionary leadership and active diplomacy, the Head of State works to strengthen trade relations and position Togo as a major pivot for regional exchanges.
Last week, a meeting between ministerial delegations from Togo and Burkina Faso in Lomé highlighted the shared ambition of both countries to increase their trade. At the heart of the discussions was the improvement of transport fluidity along the Lomé-Ouagadougou corridor. The two parties identified major obstacles and proposed solutions to boost exchanges.
For Togo, this initiative is part of a broader vision to make the country a logistics and services hub for the entire sub-region. Togolese authorities are actively working to overcome logistical obstacles to facilitate trade with regional partners, notably Burkina Faso, which ranks among its main clients.
According to data from the National Institute of Statistics and Economic and Demographic Studies (INSEED), Burkina Faso ranks second among Togo’s main clients, accounting for a relative share of 8.4%. Togolese exports to Burkina Faso reached 21.6 billion FCFA in the fourth quarter of 2023, highlighting the importance of the trade relationship between the two countries.
This approach to strengthening trade relations builds on President Faure Gnassingbé’s efforts to consolidate Togo’s position as a regional logistics hub. Last February, Togo also hosted a delegation from Niger for discussions aimed at boosting trade and promoting economic development in the region.
From these initiatives, it is clear that under the leadership of President Faure Gnassingbé, Togo is emerging as a major player in trade and regional cooperation in West Africa. With proactive diplomacy and strong political will, the country continues its journey towards development and economic integration, offering new opportunities to businesses and populations in the sub-region.
