Rising from the ashes of wars and political instability since the 1960s, Togo is beginning to make strides. With an improving economy, there is renewed hope that the country will make its way to the very top in West Africa and set the pace for growth and development for the continent in the 21st century.
Recently, the Hungarian government expressed their intention to invest in Togo. The European Union has also indicated that they want to invest in the country’s five-year plan. This is in addition to the initial investment which the Chinese had already committed to the country. It seems the world has begun to recognise the investment opportunities in Togo.
Tony Blair attributes this to the fact that Togo authorities have taken a pragmatic approach to attracting foreign investment to the country. As it stands, Togo is 19th amongst other African countries on the ‘Ease of Doing Business’ list, whilst on the worlds list of ‘Ease of Doing Business’, it is ranked 137th ahead of Nigeria which is 146th. With tax reductions and other incentives, Togo has opened itself up to the world in an attempt to change its fortunes permanently.
Over the following weeks, there will be a dedicated series focused on Togo, her politics, her laws and what makes it a country worth watching, now and in the near future.