TOGO ECONOMIC OUTLOOK IGO HOLDING PROJECT
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IGO HOLDING SA IS LOOKING FOR PRIVATE INVESTORS TO INVEST IN A SHEA BUTTER PRODUCTION PLANT IN WEST AFRICA TOGO ECONOMIC OUTLOOK • The growth rate went down slightly in 2013 to an estimated 5.6% from 5.9% in 2012, but it is expected to increase to 6.0% in 2014 and 6.3% in 2015. • The government’s improvements in 2013 and the creation of the Togolese revenue office in February 2014 are expected to clean up a business environment that hinders entrepreneurship and property ownership. • Togo plans to draw on the advantages of the local extractive industry, its processing plants and port and transport services to get the most out of global value chains. The 5.6% growth in 2013 was largely due to the primary sector, namely cotton and food crops, plus services such as retail, transport and storage, and communications. Continuing public investment and a boost to the cotton and phosphate sectors are expected to sustain growth, projected at 6.0% in 2014 and 6.3% in 2015. Despite an 11% increase in tax revenue, the tax ratio increased only slightly from 16.4% in 2012 to 16.9% in 2013. The deficit in the overall balance improved from 5.8% of GDP to 4.6%. Inflation was 1.8%, and will be controlled in the medium term. TOGO MAP PHOSPHATE DEPOSITS IN TOGO COTTON FACTORY IN TOGO
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Transcript of TOGO ECONOMIC OUTLOOK IGO HOLDING PROJECT
IGO HOLDING SA IS LOOKING FOR PRIVATE INVESTORS TO INVEST IN A SHEA BUTTER PRODUCTION
PLANT IN WEST AFRICA
TOGO ECONOMIC OUTLOOK• The growth rate went down slightly in
2013 to an estimated 5.6% from 5.9% in 2012, but it is expected to increase to 6.0% in 2014 and 6.3% in 2015.
• The government’s improvements in 2013 and the creation of the Togolese revenue office in February 2014 are expected to clean up a business environment that hinders entrepreneurship and property ownership.
• Togo plans to draw on the advantages of the local extractive industry, its processing plants and port and transport services to get the most out of global value chains.
The 5.6% growth in 2013 was largely due to the primary sector, namely cotton and food crops, plus services such as retail, transport and storage, and communications.
Continuing public investment and a boost to the cotton and phosphate sectors are expected to sustain growth, projected at 6.0% in 2014 and 6.3% in 2015.
Despite an 11% increase in tax revenue, the tax ratio increased only slightly from 16.4% in 2012 to 16.9% in 2013. The deficit in the overall balance improved from 5.8% of GDP to 4.6%. Inflation was 1.8%, and will be controlled in the medium term.The 2013 legislative elections were without incident. Peaceful preparation for the 2015 presidential elections will be a key factor
TOGO MAP
PHOSPHATE DEPOSITS IN TOGO
COTTON FACTORY IN TOGO
Invest in IGO to create ten thousands of new jobs for women and a better live and future for a lot of families in
AFRICA.
Contact person:Mr. Steven Tuinstra (West Africa)Email: [email protected]
Website: www.isgprojectfinancing.com
in the country’s continued progress.Three-quarters of the Togolese population are under 35 and just 35% are aged 15-35. The latter age group has a particularly high rate of unemployment (8.1%) and underemployment (20.5%). The poverty rate decreased 3 percentage points from 61.7% in 2006 to 58.7% in 2011. While these results are positive, they are well under the Millennium Development Goal (MDG) of 30.9% by 2015.
Togo has significant mineral deposits (phosphate, limestone, iron and magnesium). It must first develop its extractive industry and processing plants in the medium and long term to take advantage of global value chains (GVCs). Port services and regional transport also hold opportunities. Other openings may develop in different industrial sectors, but they will depend on both the quality of public service and the cost and availability of utilities.
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ABOUT IGO HOLDINGIGO HOLDING SA is an international company based in TOGO (West Africa) which intends to build and exploit a Shea Butter Plant in Kara with specially developed machines to produce a high grade quality of Shea butter in northern Togo. IGO HOLDING was founded since 2002.
