By investing in infrastructure and making structural reforms to boost the private sector, Togo has experienced sustained growth since 2010. To build on this progress, the country is aiming to increase private investment in key sectors, such as agriculture and manufacturing, to create thousands of jobs.
Togo’s economy has been through a period of sustained and accelerating growth: 3.9% between 2007 and 2013; and 5.6% between 2013 and 2015. Growth was largely supported by public investment in the country's infrastructure. However, key sectors of the economy continue to face challenges that hinder structural transformation and industrial development.
To answer this, Togo’s new National Development Plan 2018-2022 aims to build a more dynamic private sector and effective government by focussing on three key areas:
1) Establishing a logistics hub and world-class business centre to encourage trade and investment,
2) Developing agricultural processing, manufacturing and extractive industries to create jobs and increase incomes, and
3) Improving peoples’ standard of living by investing in health, education and public services.
To achieve this, flagship projects such as the airport and deep-water port in Lome are being pursued. Key export products, such as coffee and cocoa, are being shipped out to trade partners Mali, Burkina Faso, Nigeria and are creating jobs, raising incomes and boosting the role of private sector in the country.