« BUILDING STRONG AND SUSTAINABLE ECONOMIC RELATIONS

FIRST ECONOMIC FORUM TOGO-EU13 – 14 June 2019

Hôtel 2 Février, Lomé, Togo

« BUILDING STRONG AND SUSTAINABLE ECONOMIC

RELATIONS BETWEEN TOGO AND THE EUROPEAN UNION»

European Union

Togo, the Rendez-vous of Opportunities

ECONOMIC FORUM TOGO-EU 2019FIRST EDITION

‘‘Under the patronage of His Excellency the President of the Republic of Togo ’’

2

Agenda

1. Togo in Brief

2. The National Development Plan 2018 – 2022

3. The opportunities for investments

4. The incentives

5. The First Economic Forum Togo-EU

6. The Programme

7. The Objectives

8. The Expected results

9. The Key sectors

10. The Participants

11. How to register

12. Build a partnership-B2B

3

Togo

4

Capital : LoméPopulation : 7,8 millions (2017)

GDP : 5 Billions USD

Growth rates of GDP : 4,9 %

Inflation : 2.5%Unemployment :

1.8%

Economy : Primarily

Agricultural

Regional membership:

ECOWAS, UEMOA

Preferentialmarket access :

ECOWAS, EU, USA

Togo in brief

5

GDB by sectors

Agriculture

Manufacture

Services

GDP by sector (2017)

Agriculture : 28.1% Fabrication: 21.6% Services: 50.3%

6

Why Togo?

1

Social, political and economicstability

2

Strategic location as a naturalgateway to West Africa

3

Robust and resilienteconomy – an averagegrowth rate of 5% over the last decade

4

Access to markets(West Africa-ECOWAS, Europe, USA)

5

The investment and business environment has been enhanced

6

Flexible and attractive incentives

7

Dynamic privatesector, open to foreigninvestmentsand investors

8

Modern and efficient infrastructure

9

A qualified and competitive labour force

10

AttentiveGovernment as a Facilitator

Top 10 reasons to invest in Togo

7

Priviledged Markets Access to:

EU (+510 millions consumers) USA (+325 millions

consumers)

ECOWAS (+300 millions Consumers)

8

Access to the market

GSP – Developed countries India – 1.2 Billion

Bilateral agreements with the rest of the world

9

Improvement of the business climate

Reforms in WAEMU

Reforms in Africa

Best performance in the world

1st

2nd

Top 10

The business climate in Togo has considerably improved

10

The advantages of Togo

Togo among top 5 African countries where entreprises are optimistic

1

Lomé, the premier container port of West Africa

2

Top 5 Africancountries best connected by sea

3

Renewable Energy: 3rd West Africancountry and 33rd country worldwide

4

Improvement of 29 places in 3 years in the Ease of Doing Business ranking

5

11

NDP 2018 – 2022: Strategic Axes

1. Set up a Logistichub of excellence

and a premier business center in

the sub-region

2. Developing agro-processing, manufacturing and mining

industries

3. Consolidate social development and

strengthenmechanisms for

inclusion

3 Strategic Axes

12

NDP 2018 – 2022

Total Project costs:

US$ 8.3 billion

Private sector Contribution : 65%

NDP 2018 - 2022

13

Major projects under the NDP: Axe 1

Set up a Logistic Hub of excellence and a Premeir business center in the sub-region

Projects Cost (US$ million)

Duplication of the National road NR1 Lomé - Ouaga 620

Multiservice logistics platform at Adakpame 40 - 60

Dry port at Cinkasse 50

Enhancement of airport infrastructure 20

Construction of a modern conference center 200

TOTAL 950

14


Developing agro-processing, manufacturing and mining industries


Agri-food transformation Project of Togo 115

Agropole of Vo-Zio 100

Incentive scheme mechanism for agricultural financing (MIFA) 115

Special economic zone at the autonomous Port of Lome -

Industrial Park at Adetikope 100

Phosphates processing sector 500 - 1000

TOTAL +1000

15


Consolidate social development and strengthen mechanisms for inclusion


Creation of modern cities in urban and semi-urban areas 60

Urban development project 100

Rural electrification project 300

National biometric identification system (e-ID) 40

TOTAL 500

16

AGRICULTURE & AGRO-PROCESSING

MANUFACTURING SERVICES MINING

Investment Opportunities

17

Extractive Industries

Phosphates Clinker Iron Gold

18

Agriculture

Agriculture Horticulture Cattle & Live stock

Beekeeping

Freshwater aquaculture : intensive and

semi-intensive

Agriculture greenhouse (hydroponic)

19

Agro-processing

Transformation/Beneficiation

and development of National value

chains

Fertilizers Seeds and seedling

Meat

transformation

Juices and soft drinks

Biotechnology

20

Manufacturing

Textile and clothing

Wooden furniture & Fittings

Light engineering

Plastics

Construction materials

Pharmaceuticals and medicaldevices

Electrical and Electronics

21

Blue Economy

Transport, Shipping and Navigation

Fishing and fishprocessing

Land based oceanicindustries

Renewable energies

Ocean floor industry

22

Environment industries

•Renewable energy (wind, solar and biomass)

•Waste management

23

Value-added Services

Distribution and logistics

ICT & IT Enabled Services

Tourism & Hospitality

Health and Wellness

Financial Services

Training & Education

Creative industries

24

Investment Incentives

Negotiable tax incentives

Exemption from customs duties on raw materials, machinery, equipment and spare parts

No restriction on foreign ownership

No exchange control

Free repatriation of capital, profits and dividends

Efficient non-fiscal incentives

25

First Economic Forum Togo-EU

26

The context(1)

• Togo aims to build a robust, dynamic, politically and socially stableeconomy

• Launch of NDP (National Development Plan) 2018–2022: Target:7.6% growth; Required Investments : $ 8.3 Billions : 65% from theprivate sector

• Bold economic reforms, massive investments in infrastructure, goodgovernance, inclusive and sustainable growth, policy consistency andinstitutional alignment

• The improvement of the business climate (29 places progression inthe Doing business ranking over a 3 year period, and -19 placesearned last year)

Le Togo Avance

The Context(2)

• FDI: $ 146 M (2017) v/s $728 M (2011) : Drop of 80%

• Exports: $ 749,255 (2017) v/s $ 1,146,451 (2013): Drop of 35%

• Exports of services on the rise : $522,723 (2017) v/s $457,694 (2013) : Increase of 14%

• Economic structure : Predominantly agriculture & services

• Export destinations: 65% to the region, India: 7.5%, EU: 4.8%, USA: 0.8%

• GDP Growth: 4.9%

• GDP per capita: $ 610 ($1700 –PPP)

• Unemployment: 1.8%

28

The context (3)

• Politic stability : New Government after December 2018 Elections

• Positive brand image and No-bad publicity of Togo

• EU technical and financial assistance to organize the first Togo-EUEconomic Forum 2019

• Economic Forum under the patronage of the President of the Republic of Togo

• Strenghthening of diplomatic and economic relations with EU

Le Togo Avance

The Context (4)

• Low economic diversification (industrial base, products, markets)

• Low rate of local and diaspora investment

• The Togo-EU Economic Forum : mobilizing investments, especially EUFDI in priority sectors and sub-sectors

• Togo-EU Economic Forum 2019 : the platform for B2B meetings

• « Participation in the Economic Forum is only upon invitation andagainst a fee for local participants »

30

The Engines of the Economy

Government Local entrepreneurs (businessmen)

Togolese diaspora

Foreign Direct investment (FDI)

A combination of all the actors

Le Togo Avance

Soi

First Economic Forum Togo-EU

Date: 13 & 14 June 2019

Venue: Hôtel 2 Février à Lomé, Togo

Organizers: Office of the President of the Republic, Government of Togo , European Commission , Private sector

Conditions for Participation in the Economic Forum : onlyupon invitation and registration

32

The Programme

L'événement conçu pour répondre aux principaux objectifs de développement dans le cadre du PND 2018-2022 et les réformes initiées

The event is a B2B meeting platform

(+200 meetings)

• Official Opening Ceremony by HE the President of the Republic of Togo and the Vice President-European Commission

• Thematic plenary and parallel sessions

• Structured networking sessions

• Gala dinner

• Dedicated B2B sessions (upon request)

• Closing Ceremony by the Prime Minister of Togo

33

The objectives the Forum

• Better understanding of the Togolese Business Climate

• Presentation of the vision of Togo and the opportunities offered by the country to local and European investors and the Togolese Diaspora

• Greater mobilization of private investment in priority sectors

• Structutred B2B Sessions

• Building strong and sustainable business relationships between Togolese and EuropeanInvestors

34

The Expected Results(1)

• A public-private dialogue to enable the government to inform the private sector of its priorities, expectations, ambitions and projects

• A better understanding of NDP 2018-2022 and its flagship projets

• Increased visibility of Togo as a safe and viable destination for investment, cross-border trade, trans-shipment and tourism

• Increased local, intra-regional, foreign direct investment (FDI), and the diaspora in priority sectors in Togo

35


• 400 participants : 150 EU entrepreneurs + 150 industrialists/ localbusinessmen + 100 senior officials from Togo and EU

• Better understanding of the roles of public and private sector trade andinvestment support institutions

• Better knowledge and understanding of the financing instrumentsavailable to finance investment projects

• More pronounced partenership between Togo’s investment and tradesupport agencies and European business institutions/ organizations

36


• Mapping of investment opportunities in priority sectors and sub-sectors

• A compendium of bankable investment projects from local entrepreneurs seeking foreign collaborations/partnerships

• A publication on the costs of business in Togo

• Participation of all the Ambassadors/High-Commissioners of Togo (accompanied by at least 5 potential investors from their respective region) and the Consuls of Togo

• +200 structured B2B meetings between local and foreign partners

• Transactions worth 500 millions USD are initated for partenership and financing

• Lunch of the Togo-EU Chamber of commerce37

The targeted sectors


The event is designedto meet the main developmentobjectives under the NDP 2018-2022 and itsreforms

NDP 2018 – 2022 public-privatePartnership

• Agriculture and Agroprocessing

• Manufacturing, with a focus on export oriented manufacturing

• Value added services

• Empowerment of Women and Youthentrepreneurs

• Access to finance and Credit

• Access to development funds

38

Togo Avance

His Excellency the President of the Republic of Togo

The Prime Minister and his ministers

EU dignitaries and senior officials

Ambassadors, High Commissioners and

Togolese Consuls

An internationally renowned

economist and African dignitaries

The diplomatic corps in Togo

Public sector agencies and departments

Public and private sector trade support

institutions

National Chambers of Commerce and

Industries

Captains of industry and business from

EU and Togo

Representatives of equity funds,

investment funds, pension & sovereign funds, pan-African banks, non-bank

financial intermediaries

Regional financial institutions

Developmentpartners

The main media partners

Professional organizations

The participants

Other Deliverables


Documents and initiatives to ensure the success of the Forum

• Mapping of Togo’s investment opportunities (public and private)

• Cost of Doing Business in Togo

• Profile of 100 Bankable Private Sector projects for partnership

• A united, strong and sustainable partnership with the private sector

40

How to participate ?

• Participation is by invitation and registration:

Sign up :

• As a participant

• As an investor looking for a partnership

• As a sponsor

www.forumtogo-ue.tg

41

Do you have an investment project for Togo?

Build a win-win partnership

42

Tailor-made B2B sessions uponrequest -

Register for Match-Makingmeetings

43

1. National Steering and Organization Committee Tel: +228 92064875

+228 91469490E-Mail: [email protected]: www.forumtogo-ue.tg

Important Contacts

44

mailto:[email protected]

Questions?

45

Thank you

46