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Business News of Monday, 11 November 2013

Source: Daily Guide

Togo seeks investors

Jonathan Aquereburu, Vice President of Togo’s Chamber of Commerce & Industry, has urged investors to visit Togo since opportunities abound there.

He said Togo is a unique country, which has a stable economy as well as institutions that work effectively.

Mr Aquereburu, who made this known during Togo’s National Day at the ECOWAS Trade Fair last Friday, said Togo is a peaceful country with democratic governance where any business would succeed.

Some of the areas that were available for investors are the tourism sector, the extractive sector where calcium, iron and marbles are available and the energy sector, he said.

Aquereburu said there were also tax incentives and labour force to promote businesses. Several companies, traders, manufacturers, investors and industrialists are taking part in the 7th biennial ECOWAS Trade Fair.

The ECOWAS Trade Fair is designed to be an economic platform for accessing West Africa’s potential market of some 300 million consumers.

It seeks to promote economic integration and trade among citizens in member states, as well as industrialists, investors, manufacturers, commercial operators and buyers, government and non-governmental agencies, among others.

It also aims at boosting intra-community trade which presently hovers between 11 and 15 percent and contribute to improved implementation of the ECOWAS Trade Liberalization Scheme (ETLS).