Nepotism within the executive branch has created political instability in Togo, whilst perpetuating corruption. A high dependence on agriculture raises risks to commodity price changes, but the economy is expected to perform better than peers in the medium term. A growing and youthful population is adding to the consumer market’s appeal, but high poverty rates will limit spending to essential items. Internet use is low, but mobile subscribers are growing and 5G testing has started.
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