The document summarizes opportunities for investment and financing in Togo's tourism sector. The Togolese government aims to attract 500,000 tourists annually by 2020 to contribute $50 billion to the economy. There are opportunities to invest in hotels, tourist sites, and waterfront developments. An estimated $150 million is needed for tourism sector growth. Sources of financing include domestic resource mobilization, foreign direct investment, and multilateral banks like the World Bank and African Development Bank. The government is working to make the business environment attractive to both local and international investors.

1. Unlocking Investment and Finance
for Tourism sector In Togo
(Government Official )
Ministry of Finance
Unlocking Investment and Finance in
Emerging Markets and Developing
Economies (EMDEs)
Samuel KD AWOUTE
04th July 2019

2. Disclaimer
The investment opinions herein expressed are from the personal research of the author.
Although best efforts are made to ensure that all information presented is accurate and up to date, occasionally unintended errors or misinterpretations
may occur.
Further study is highly advised.

3. Background and Opportunities in the Tourism Sector of TOGO
 Togo is a treasure trove of ecological diversity and offers huge biodiversity in its protected natural habitats. These natural wonders attract visitors
from far and wide and the country’s larger cities represent ideal gateways for those wishing to visit its natural delights. The wildlife, diversity of
landscape, stunning beaches and pleasant climate are all favorable for travel and tourism. Large numbers of visitors to Togo now seek to experience
the country’s nature first-hand, enjoy extreme sports and seek out new adventures.
 The Tourism sector is very dynamic and offers a lot of opportunities for investments and business. The government is the main investor in the tourism sector
Currently 400 Hotels, with 30,000 rooms Hotels are concentrated in Lome Very few developed touristic sites and national parks Koutammakou: UNESCO
World Heritage
 The Government ‘s objective is to reach 500,000 tourists, who will contribute USD 50 billion to the country economy and GDP by 2020 .Lucrative Investments
Opportunities in this Perspective of development objective outline:
Government is Looking for both Domestic and International partners to Invest in Rehabilitating, Managing existing state- owned hotels
Privatization of state-owned hotels
Building and managing a new 4star and 5-star hotel in Lome
Construction of touristic sites and holiday villages
Establish a Touristic Waterfront

4. Estimated financing needs for the Togolese Tourism sector development and
Sources of finance
 In order to achieve the Development ambitions in the Tourism sector in TOGO , the Ministry of Finance had estimated a total Cost Of project of 150
Millions USD.
 Domestic resource mobilization is the largest source of funding for development in the EMDEs and all measures should be taken in order to ensure
right allocation of resources mobilized . The Togolese Government had ensured a good rate of Tax revenue Collection ( standing at 17%) , but this
alone is not sufficient to sustain the development of the economy. Foreign Direct Investment is a key promising investment and finance source
underutilized in the Case of Togo. The Togolese Government should ensure good Tax revenue spending and furthermore take steps to adopt
convenient policies and regulations In order to change the business environment and attract more Foreign Direct Investment .
The Togolese Government had taken necessary measures and instituted Drastic changes in Policies in order to ensure a very attractive business environment for both
local and international Investors . According to Doing Business 2019 Togo one The economies with the most notable improvement Togo made starting a business
easier by reducing the minimum capital requirement, introducing an online platform for company name search, reducing the registration fees and allowing
entrepreneurs to pay the fees directly at the one-stop shop.
In light of Togo’s economic recovery and the increasing numbers of arrivals and Due to the high growth potential and the conducive business environment in the
country, Majour Groupe such as Onomo and the Grupo Prefaco intend to maintain investment projects within the country. These new hotels aim to provide superior
quality services to meet demand, which has recently been a very positive factor boosting demand for travel and tourism in Togo.
In a Clear attempt to mobilize additional Investment the Togolese Government will liaise with Key actors in the Tourism sector both locally and internationally such
as :
The Togo Tourism & Development Foundation
IFC which supports tourism projects across the region, including Tourism Promotion Services, through an organization of the Aga Khan Fund for Economic
Development operating under the Serena Hotels brand and additional international Brands key to the sector such as Radisson Blue, Marriott

5. Sources of finance and Multilateral Banks
The World Bank Group
 The West African Development Bank
 The African Development Bank
 The African Guarantee Fund
 Shelter Afrique
 To access these sources of Finances , The Togolese Government has and will continue to organize some International forums in order to attract
international and local Investors , and bring to great attention all the advancements realized in recent years to foster a Conducive Business environment for
both international and local investors

6. Working with the MDBs
 In order to achieve the Development ambitions in the Tourism sector in TOGO by working with the MDBs the Government will have to ensure
 Alignment with mitigation goals: Relations will be consistent on development pathways and compatible with the overall climate change mitigation objectives. In
line with Principle 2 of the “Mainstreaming Principles”, we will assess our operations against transition risks and opportunities related to climate change
 Adaptation and climate-resilient operations: The Government will be vigorous in managing physical climate change risks, in a manner consistent with climate-
resilient development, and in identifying opportunities to make our operations more climate-resilient. In addition will seek to support a significant increase in
our clients’ and their communities’ ability to adapt to the adverse impacts of climate change
 Engagement and policy development support: The Government will build on existing efforts to support the NDCs’ revision cycle and develop services to put in
place long-term strategies and accelerate the transition to low-emissions and climate-resilient development pathways.
 Building on the joint efforts on climate finance tracking and collaboration on mitigation and adaptation issues, we will further develop tools and methods for
characterizing, monitoring and reporting on the results of our Paris-alignment activities. Where possible, we will collaborate to harmonize our respective
approaches
 The Government would also remark that international investors companies can partly make the investment in Tourism. Therefore the Togolese Government can
work with a development partner such as Multilateral Investment Guarantee Agency (MIGA) for its support in mobilizing private investment and risk mitigation
instruments.

7. References
 https://togoinvest.tg/en/invest-in-togo/investment-opportunities/
 https://www.undp.org/content/undp/en/home/presscenter/articles/2013/04/29/supporting-tourism-in-togo-as-a-tool-for-development.html
 https://www.ifc.org/wps/wcm/connect/REGION__EXT_Content/IFC_External_Corporate_Site/Sub-Saharan+Africa/Priorities/TRP/
 TOGO INVESTMENT OPPORTUNITIES / GUIDE FOR INVESTORS INTRADE MALAYSIA ,Steve A.D.Aklesso BODJONA 2013
 United Nations, Inter-agency Task Force on Financing for Development, Financing for Sustainable Development Report 2019 (New York: United
Nations, 2019), available from: https://developmentfinance.un.org/fsdr2019.

8. Thank You