Togo / President Faure Gnassingbé’s reforms make the country more attractive: Heidelberg Materials steps up its investments

Thanks to the strategic reforms and ongoing efforts of the Togolese government under President Faure Gnassingbé, Togo has emerged as an increasingly attractive destination for international investors.

These reforms have not only created a stable and favorable business environment but also boosted the confidence of existing companies, encouraging them to strengthen their presence in the Togolese market.

A prime example of this positive trend is Heidelberg Materials, formerly known as Heidelberg Cement. The multinational corporation operates in Togo through its subsidiaries Scan Togo, Granutogo, and Cimtogo.

Recently, during a meeting with Prime Minister Victoire Tomégah-Dogbé on September 30, Hakan Gurdal, CEO of the group for the Africa, Mediterranean, and West Asia region, reiterated the company’s commitment to supporting Togo’s economic development.

He highlighted that more than 400 million euros have already been invested in the country, with additional projects in the pipeline.

This close collaboration with the Togolese government underscores Heidelberg Materials’ intent to expand its footprint in Togo while actively contributing to the nation’s economic growth.

The company is currently engaged in discussions with various ministers to explore sustainable solutions in its production processes, particularly through the use of alternative materials, showcasing its dedication to innovation and environmental sustainability.

The impact of this partnership is significant, with over 1,000 direct jobs created to date.

This success story demonstrates how the Togolese government’s reforms continue to attract and retain top-tier investors, thereby driving the country’s ongoing development and economic progress.

Chantal TAWELESSI