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Togo Seeks Investment Boost Through Russia Partnership

Togo Seeks Investment Boost Through Russia Partnership
Tuesday, 24 March 2026 14:15
  • Togo and Russia target food security, mining, and energy for future partnerships.

  • Both sides plan joint industrial projects to boost local value creation and employment.

  • Authorities aim to establish a permanent framework to deepen bilateral economic integration.

Togo and Russia are exploring new business opportunities for entrepreneurs from both countries and aim to boost economic flows between Lomé and Moscow. José Syménouh, president of the Chamber of Commerce and Industry of Togo, and Maksim Petrov, trade representative of the Russian Federation, discussed the initiative last week in Lomé.

Both parties identified three priority sectors for future partnerships: food security, mining, and energy. They aim to move beyond simple trade in goods and instead develop joint industrial units that generate employment and local value addition.

To achieve these objectives, both sides plan to establish a permanent framework for exchanges between Russian and Togolese economic operators. This mechanism will help stakeholders identify reliable partners, define joint project development modalities, and strengthen bilateral economic integration.

In this process, the Chamber of Commerce and Industry of Togo intends to play a central role by facilitating contacts and organizing dialogue between Russian investors and local project promoters.

Moreover, the initiative is expected to reinforce cooperation between Lomé and Moscow. This development follows a decision announced in November 2025 by both countries to open embassies.

As a result, the move should improve coordination and accelerate bilateral projects, particularly in sectors linked to human capital development.

This article was initially published in French by Esaïe Edoh

Adapted in English by Ange J.A de Berry Quenum

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