Business & Economy of Togo
Colorful market activity in Kara, a city on the Kara River and capital of the Togolese region of Kara.
Image: Grete Howard
Economy of Togo
Subsistence agriculture and trade are the most important economic sectors in Togo. The majority of the country's labor force is employed in food and crop production. The major crops grown are corn, sorghum, rice; major exports are coffee, cocoa, and cotton.
Togo's main industry is phosphate mining.
The International Monetary Fund (IMF) ranks Togo as the tenth poorest country in the world, with an estimated 55% of the population living below the poverty line and more than half experiencing food insecurity. The situation is exacerbated by an annual population growth rate of 2.5%, which is hampering development progress.
ECOWAS Bank for Investment and Development headquarters in Lomé.
Image: Willem Heerbaart
Ministry of Economy and Finance
The Official Ministry of Economy and Finance.
Central Bank of West African States
(BCEAO)
Central Bank of Benin, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali,
Niger, Senegal, and Togo.
Union Économique et Monétaire
Ouest Africaine (UEMOA)
West African Economic and Monetary Union (in French)
IZF.net, le portail de la Zone Franc
CFA
Information about business and investment in the African countries within the
monetary system of the Franc Zone - CFA. (in French)
Jeune Chambre Internationale
- JCI Lome Prestige
Organization for young entrepreneurship in Togo (in French).
Chambre de Commerce et d'Industrie du Togo
Chamber of Commerce and Industry of Togo (in French)
Major companies in Togo
Phosphate Mining at SNPT (Societe Nouvelle des Phosphates de Togo) in Hahotoé.
Image: Alexandra Pugachevsky
Atlantic Bank Group
Atlantic Bank Group, commonly known by its French name Groupe Banque Atlantique, is a West African financial services conglomerate headquartered in Lome, Togo.
Ecobank
Ecobank, official name Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate with banking operations in 36 African countries. ETI is the leading regional banking group in West and Central Africa, serving both wholesale and retail customers.
HeidelbergCement
HeidelbergCement, headquartered in Heidelberg, Germany, is a global manufacturer of cement and aggregates. It operates three companies in Togo.
Société Nouvelle des Phosphates du Togo
SNPT is a Togolese company based in Kpémé that mines calcium phosphate, a raw material for the fertilizer industry. Phosphates were Togo's most important export for a long time.
La Poste du Togo
La Poste du Togo is the company that operates the postal service in Togo.
Telecommunications
Moov
Moov Africa Togo, a subsidiary of Maroc Telecoms, is a telecommunications service provider in Lomé.
Togocom
Togocom is an operator of fixed and mobile telecommunications solutions in Togo.
Transportation
Gnassingbé Eyadéma International Airport in Lomé.
Image: Hansueli Krapf
Airlines
Formerly there were three airlines in Togo: Africa West Airlines (cargo; ceased operations in 2013), Air Horizon (ceased operations after three years in service in 2007) and Air Togo (the country's flag carrier ceased operations in 2000).
Asky Airlines
ASKY Airlines is a private multinational passenger airline and a strategic partner of Ethiopian Airlines. It operates flights in West and Central Africa, has its headquarters in Lomé and its hub at Gnassingbé Eyadéma International Airport.
Ports
Port Autonome de Lomé
The autonomous port of Lomé is the only deep-water port in West Africa. The port of Lomé also serves the landlocked countries of Burkina Faso, Niger and Mali.
Nouveau Port de Peche, the new fishing port of Lomé, is part of the autonomous port of the capital; its port cranes are barely visible in the haze in the background.
Image: BenSim7