Togo-EU forum : Organizers, private sector and EU delegation all satisfied with the event  

Economic governance
Thursday, 20 June 2019 15:47
Togo-EU forum : Organizers, private sector and EU delegation all satisfied with the event  

(Togo First) - More than 1,000 participants, and 141 bankable projects for which XOF852 billion were mobilized and six billion for the PND’s key projects. These are the highlights of the recent Togo-EU economic forum (FETUE) that took place in Lomé on June 13 and 14.

They were confirmed Wednesday at a press conference reviewing the event.

Besides investment promises, talks at the forum revolved around improving the business climate. “We all acknowledged that private sector is the driver of economic growth. And the private sector’s needs usually revolve around an attractive investment environment,” says Sanda Johnson, head of Togo’s business climate cell (CCA).   

The official also referred to recent data released by UNCTAD revealing an increase of about 15% of FDIs to Togo. This performance is recorded in a context where in some African countries, the figure slumped by up to 45%.

The seed is planted, and now the tree is sprouting; we must now hang unto it and get the most out of its fruits,” she concludes.

On another part, Kodjo Adedze, minister of trade and private sector, said the Togo-EU forum boosted Togo’s visibility and credibility as a safe destination for investment. The event, he lauded, “started as a trial was more than a masterpiece.”

Germain Mèba, president of the chamber of commerce and industry of Togo (CCIT) also praised the event declaring that “it is the first time we have experienced a sincere collaboration between the government and the private sector.” He added that the forum met all expectations and urged concerned parties to make sure they optimally leverage commitments made at the event.

FETUE, a starting point for the renewal of relations between Togo and the European Union

More than a mere business meeting, the FETUE we believe marks the renewal of relations between Togo and the European Union,” says Bruna Hanse, Chargé d’Affaires of the EU delegation in Togo. “The FETUE was a great international showcase for Togo but this should not be the end. This event should be the beginning of a new partnership between Togo and the EU, one focused on investment support, bettering trade ties and creating more jobs,” Hanse added.

Séna Akoda

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