LOME, Oct 4 (Reuters) - Togo’s economic growth is expected to rise to 5.1 percent in 2019 from 4.9 percent this year, the government said on Thursday.
In a statement, the government also said it had proposed to parliament a budget for next year of 1.461 billion CFA franc ($2.60 million), an 11.5 percent rise over the 2018 budget.
The tiny West African country has few natural resources besides phosphates, a major source of foreign exchange, but is trying to turn itself into a shipping and transportation hub.
The capital Lome is home to the headquarters of regional airline ASKY, a partner of Ethiopian Airlines, and pan-African lender Ecobank.
$1 = 562.9800 CFA francs Reporting by John Zodzi Writing by Sofia Christensen Editing by Aaron Ross and Kirsten Donovan