Togo — análisis de mercado emergente

Panorama económico e industrial

Togo is a low-income, least-developed economy in West Africa with a nominal GDP of approximately $9.93 billion (2024). The economy is diversified across agriculture (roughly 28% of GDP), industry including phosphate mining and cement (roughly 22%), and services (roughly 50%), with Lomé serving as a major regional transit and trade hub. Real GDP grew 6.5% in 2024 and 6.3% in 2025, driven by private investment, external demand, and growth in the tertiary sector. Key export commodities include phosphates, cotton, coffee, and cocoa, while re-exports through the Port of Lomé are also significant. Togo uses the BRVM, the regional stock exchange of the WAEMU zone headquartered in Abidjan, for equity and bond market access.

Sectores clave

Phosphate miningAgricultural processingCementTrade and re-exportsTelecommunicationsBanking and financial servicesTextilesBeveragesPort logistics

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Macro

PIB nominal, USD	$9.93B
Crecimiento del PIB real, anual	6.5%
Inflación anual	2.9%
Población personas	9.0M
PIB per cápita USD	$923
Capitalización bursátil total cotizado, USD	$32.20B
Cap. bursátil / PIB	324.3%
Desempleo	4.0%
Empresas cotizadas	47
Bolsa	Bourse Régionale des Valeurs Mobilières (BRVM) (BRVM)

Año de los datos: 2024. Fuentes: World Bank – GDP (current USD), Togo 2024, Trading Economics – Togo GDP, GDP per Capita, 2024, African Development Bank – Togo Economic Outlook 2025/2026, FocusEconomics – Togo Economy: GDP, Inflation 2024, Wikipedia – Economy of Togo, BRVM – Bourse Régionale des Valeurs Mobilières (brvm.org), AFX/Kwayisi – BRVM Live Market Data, July 2026, African-Markets.com – BRVM Listed Companies, Ecofin Agency – Togo BRVM Bond Listing, 2025, U.S. State Department – 2024 Investment Climate Statements: Togo, GoldenVisas.com – Togo Residency and Citizenship Investment, EBID – Togo Economic Outlook.

Últimas noticias

Togo: World Bank Provides $150 Million to Boost Private Investment and Promote Job CreationWorld Bank Group · Dec 15, 2025
Togo’s quiet rise as a startup contenderAfrican Business · Mar 25, 2026
Togo - Economic Reforms, Political Stability, Human RightsEncyclopedia Britannica · Jul 12, 2026

Otros mercados de Africa

Kenya$30.10B

Principales empresas cotizadas

Las mayores empresas de la bolsa local principal, por capitalización bursátil.

#	Empresa	Sector	Capitalización bursátilUSD	Cotización en EE. UU.
1	Ecobank Transnational IncorporatedETIT · BRVM	Financials	$850.00M	—
2	BRAKINA (Brasseries du Burkina)BRAKBC · BRVM	Consumer Goods	—	—
3	SAPH (Société Africaine de Plantations d'Hévéas)SAPH · BRVM	Consumer Goods	—	—

ETFs negociados en EE. UU.

Fondos listados en EE. UU. que ofrecen exposición a este mercado — la ruta más sencilla para muchos inversores estadounidenses.

Símbolo bursátil	ETF	Emisor	Alcance	Ratio de gastos% anual	Exposición% del fondo
EZA	iShares MSCI South Africa ETF	BlackRock	Regional Reference only	0.59%	0%
AFK	VanEck Africa Index ETF	VanEck	Regional	0.78%	—

Bolsa local y acceso

Bolsa	Bourse Régionale des Valeurs Mobilières (BRVM)
Código	BRVM
Sitio web	www.brvm.org
Moneda	XOF

Acceso a brókers locales

Togolese equities and government bonds are traded exclusively on the BRVM, the regional stock exchange of the eight WAEMU member states, headquartered in Abidjan, Côte d'Ivoire. The BRVM operates entirely digitally via a dedicated satellite network, allowing brokers in Togo (Sociétés de Gestion et d'Intermédiation, SGIs) to trade remotely. International retail investors typically access BRVM-listed securities through specialist African brokerage platforms such as Daba Finance or through select pan-African broker-dealers. There are no Togo-incorporated companies directly listed on major US exchanges as ADRs.

Brókers globales con acceso a mercados extranjeros

Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
Fidelity International Trading — International stock trading on a number of developed and emerging markets.

Listado solo a efectos informativos — no constituye recomendación. Los mercados disponibles, las comisiones y los requisitos de incorporación varían según el bróker y el país de residencia.

Reubicación y residencia

Visado de inversión / programa de residencia

Subvenciones No formal investment-migration programme

Togo does not operate a formal golden visa, residency-by-investment, or citizenship-by-investment programme. Standard long-term residence permits are available through the National Police for foreigners with qualifying work or business activity, but no dedicated investment-migration pathway exists.

¿Necesita ayuda con la solicitud? Asesores especializados en migración por inversión, como Henley & Partners.

Acceso para inversores extranjeros

Foreign nationals seeking long-term residence in Togo must apply for a residence permit through the Togolese National Police. The process is well-defined but applicants have reported administrative delays. Employers are legally required to prioritise Togolese nationals; foreign workers cannot exceed 20% of a workforce after five years of operation. French is the official language.

Togo Frontera