Egypt Eyes Increasing Its Investments in Togo

On Monday, Egypt’s new ambassador to Togo, Ahmed El Samawi, held a meeting with the President of the Special Consular Delegation of the Chamber of Commerce and Industry of Togo, Nathalie Bitho.

During the talks, El Samawi voiced Cairo’s interest in encouraging Egyptian businesses to invest in Togo.

He added that the Covid-19 pandemic has impaired efforts and economic assets but it is time activities between our two countries resume, expressing his commitment to making Egypt one of Togo’s main economic partners.

In response, Bitho, the CCIT’s top brass, presented investment opportunities Togo offers Egyptian businesses.

According to the Egyptian embassy, trade between the two nations grew to nearly $60 million (about CFA33 billion) between 2018 and 2020.

Besides trade, Egypt supports Togo in sectors like security, fighting terrorism, infrastructure, aviation, agriculture, tourism, notably by offering internship opportunities to Togolese officials.