A major financial support is set to strengthen Togo’s economic trajectory, with a strong focus on private investment and sustainable employment, a Togolese online news portal lenouveaureporter.com reported.
On Monday, 15th December, the World Bank Group approved funding of 150 million dollars, equivalent to 83.7 billion CFA francs, for Togo.
The objective is to stimulate private investment and promote the creation of quality jobs. The funds are being mobilised through the International Development Association (IDA) and mark the launch of a three-year programme.
This initial support accompanies a major programme of structural reforms, targeting the key levers of national economic transformation. The text highlights three priorities: boosting agricultural productivity, reducing infrastructure-related constraints, and improving the business environment to attract greater private capital.
In implementation, the programme spans several strategic sectors. It includes land tenure security and improved access to financing for smallholder farmers. It also supports the modernization of energy, digital services, and logistics—areas considered crucial for enhancing the country’s competitiveness and increasing the attractiveness of foreign direct investment.
According to the World Bank, the expected impact is substantial. “If fully implemented, this three-year programme will represent a decisive step for private sector development in Togo, with the potential to mobilise up to $800 million in additional capital and improve employment conditions for 73,000 people over five years,” said Justin Beleoken Sanguen, the institution’s Acting Resident Representative in Togo.
He added, “Reforms in agriculture, land, and energy will be the main drivers of job creation.”
Land issues occupy a central role. The programme foresees the creation of the National Land and Domain Agency (ANDF), which will be tasked with coordinating land policies and accelerating the issuance of documents—a critical matter for both investors and agricultural producers.
The energy sector is not being overlooked. The statutes of the Togolese Electricity Company (CEET) will be revised to strengthen its governance and further open the sector to private participation. Other reforms aim to provide legal protection for foreign direct investment (FDI) and improve the alignment between general education and technical training.
Through this support, the World Bank and Togo demonstrate a shared ambition: to create an environment conducive to private initiatives, support small and medium-sized enterprises (SMEs), and ensure sustainable, long-term growth.
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