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Improved Business Climate Should Increase IFC Investments in Togo

30/10/2019
Source : Agence Ecofin
Categories: Rate

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"Togo should become more attractive to investors", according to Ogunsulire Ronke-Amoni (photo),
regional representative of the International Finance Corporation. Remarks made by the representation of the
subdivision of the World Bank in charge of the private sector, last week, during the launch of the
Doing Business 2020, and appreciating the improvement in the business climate in the country.
In addition, the country's performance of being the only one in the Ohada (Organization for Harmonization in
Business Law Africa) and UEMOA (West African Economic and Monetary Union), to rise
in the world's top 100 ranking, indicates "that the business climate in Togo is becoming more favorable
for Small and Medium Enterprises, which constitute 80 to 90% of the private sector. »
This change in the country's attractiveness, according to the IFC representative, "will lead to an increase in
reliable companies, large and small, as financial institutions such as the IFC,
could finance, or support with their technical assistance. » Enough to increase in the long term
the commitment in Togo of the institution which, moreover, will soon open its offices in Lomé

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