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Things to Know About the Business for Takeover Togo
Togo, officially known as the Togolese Republic, is a West African country bordered by Ghana, Benin, Burkina Faso and the Atlantic Ocean to the west, east, north and south respectively. It is a strip of land that measures approximately 57,000 square kilometers with an estimated population of about 8 million people. The majority of the population resides in remote villages in rural areas. Lome is the capital, and it is also the largest urban area and port in the country.
Having been colonized by France, the official language is French, though there are many other languages spoken by the indigenous communities. Various religious outfits are present in the country, with the largest religious group being comprised of the indigenous beliefs. Muslims and Christians make up the minority religious groups.
Though the country is among the smallest countries in Africa, it has one of the highest standards of living on the continent. This is good news for foreign investors interested in doing business in Togo, especially those keen on investing in the mining sector. The country is one of the largest exporters of phosphate in the region. It also has a vibrant agricultural sector based on peanuts, cocoa beans, and coffee. The country’s economy could have been one of the best in Africa, but it was slowed down by low market prices for the major exports in the early 1990s. Again, political upheavals stunted her economic progress in the early 2000s, though the country is well on her way to the top once again.
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