Our comprehensive assessment of Togo's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Togo, as well as the latest industry developments that could impact Togo's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Togo before your competitors.
Togo Country Risk
Annual real GDP growth in Benin will average 5.0% between 2014 and 2023 as consumer spending increases and the country's political stability engenders elevated levels of fixed investment. Nevertheless, a sporadic electricity supply and reliance on cotton production will hold back the pace of economic development.
Benin's political landscape shows little sign of fragility, and will remain one of the most stable, open and accountable in West Africa in the years ahead, enjoined by a free press and a multitude of political parties. Nevertheless, the country faces challenges in the long term such as an overspill of violence from piracy and terrorist activity in the region, and the potential for tribal/ethnic schisms to open.
KEY RISKS TO OUTLK
Togo Industry Coverage (1)
BMI View: Limited competition in Togo's telecoms market, with a duopoly in the mobile sector and a monopoly in the wireline sector, is the main reason for the general underdevelopment of the telecoms sector. The government's efforts to boost competition and extend network coverage to underserved area are, therefore, positive steps that are capable of accelerating subscriptions growth across the mobile, fixed telephony and broadband markets in the coming years. The main risks to the actualisation of the government's goal are potential investor apathy owing to a weak economic outlook and the high cost of network buildout in rural areas where more than 60% of the population lives.
The mobile market grew by 13% y-o-y in FY13 to bring the mobile penetration rate to 58.5%.
The fixed line market grew...