Togo

Discover the Thriving Business Opportunities in Togo

As an accomplished copywriter based in the UK, it is with great enthusiasm that I invite you to explore the exceptional business prospects nestled in the vibrant heart of West Africa - Togo. This dynamic nation, strategically located, serves as a portal to a consumer market of 349 million in the Economic Community of West African States (ECOWAS). Togo has been identified by the UK's Department for International Trade (DIT) as a potential marketplace for UK businesses, especially in sectors such as infrastructure, agriculture, and renewable energy.

Unfolding Economic Growth

The Togolese economy is on an upward trajectory, creating a fertile ground for UK businesses to flourish. The nation's GDP growth rate hit a remarkable 5.3% in 2019, and despite the global adversities of 2020, Togo's economy demonstrated resilience. The country's dedication to infrastructure development, encompassing transport, energy, and water, is fostering an environment conducive for business growth and investment. The nation's pursuit of agricultural modernisation and renewable energy solutions further unveils a multitude of opportunities for UK firms.

Conducive Business Environment

In Togo, businesses are greeted with a supportive environment, with the nation ranking 97th out of 190 in ease of doing business by the World Bank. The government is resolute in enhancing this ranking, implementing reforms to attract foreign investment. This includes offering incentives such as tax exemptions and duty-free importation of equipment. The country's membership in the Organisation for the Harmonisation of Business Law in Africa (OHADA) also provides a robust legal framework for businesses.

Why Togo?

Why not contemplate Togo as your subsequent business destination? With its strategic location, burgeoning economy, and supportive business climate, Togo presents UK businesses with a unique opportunity to penetrate a thriving and largely untapped market. Embark on this journey today, explore the potential, and become part of Togo's exhilarating growth narrative. The UK's Department for International Trade stands ready to assist you every step of the way.