Togo has launched the Star Garments factory at the Adétikopé Industrial Platform—a powerful signal of its ambition to become a manufacturing and logistics powerhouse in West Africa. Backed by the International Finance Corporation (IFC) and American apparel giant Komar, the $15 million facility promises to generate 4,500 jobs by 2030, with a strong focus on women’s employment and eco-conscious production.
The launch isn’t an isolated move. It forms part of Togo’s broader push to shift from raw material exports to high-value industrial activity. Leveraging its highly efficient deepwater port in Lomé, the government is building infrastructure and crafting investor-friendly policies to attract global businesses. At the heart of this transformation is the Plateforme Industrielle d’Adétikopé (PIA), which offers tax incentives, streamlined customs processes, and modern facilities for sectors like textiles, agri-processing, and light manufacturing.
Economic indicators are reinforcing Togo’s case. In 2024, the country’s GDP grew by 5.3%, and forecasts for 2025 suggest further growth. Inflation has dropped to just 2.2%—one of the lowest rates in sub-Saharan Africa—and the fiscal deficit is on track to fall to 4% in 2025 and 3% in 2026. The International Monetary Fund (IMF) has praised Togo’s implementation of 74% of its Extended Credit Facility reform plan, citing its commitment to fiscal stability and structural progress.
Multinational companies are taking notice. Olam now controls the national cotton company (NSCT), while NutriSource has launched a fertiliser plant in northern Togo. TotalEnergies continues to expand its energy footprint, and Heidelberg Materials is developing green cement solutions. While insecurity remains a concern in the north, the overall business environment and infrastructure push are attracting sustained investor interest.
Even the financial sector is rebounding. Oragroup, Togo’s flagship bank and the only publicly traded company on the regional BRVM exchange, posted a net profit of $8.4 million in the first quarter of 2025—a 259% increase year-on-year. Investors are beginning to see the bank as a value stock with strong future potential.
A recent OECD–UNCTAD report commended Togo’s inclusive industrial policy and praised the country’s strong coordination between government and private stakeholders. Much of this success is credited to institutions like the Togo Investment Promotion Agency (API-ZF), which has helped build investor confidence, especially within special economic zones such as Adétikopé.
With foreign capital flowing into textiles, logistics, and agri-industry, and global investors increasingly betting on its reforms, Togo is carving out a compelling story of transformation. From factory workers to policy makers, the message is resonating: Togo is rising—and the journey is just beginning.
