Africa-Press – Mauritius. Togo greenlit four new investment projects in Q1 2023. According to a report recently released by Lomé, they are worth a total of CFA19 billion. Three of the projects, valued at CFA18 billion, were approved under the investment code (CI).
The last one was approved under Free-Trade Zone status. The projects, the report further indicates, are mainly focused on the sectors of wood/construction, agri-food, and asphalting. Most of the funds going into these projects are Foreign direct investments (FDIs).
Out of the 18 billion approved under the Investment Code, 15 billion comes from Mauritius, while the only project approved in the Free-trade Zone (CFA1 billion) is financed by France. National Investments As for national direct investments (NDI), they amount to CFA3 billion, or 16% of the approved projects’ value.
In 2022, the Project Investment Approval Committee approved a total of 36 projects, including 18 under the investment code (CI) and 18 under the free-trade zone status, for a total provisional amount of 150.2 billion FCFA.
Among these projects, 24 were backed by foreign direct investments (FDI). The latter contributed 83% of the total value of approved projects last year. The agri-food/agro-industry sector attracted 67% of all FDI.
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