Togolese private sector faces crisis as state debt stifles growth
Lomé — The Togolese private sector is sounding the alarm over mounting state debt, a financial crisis that is crippling local businesses and threatening economic stability. Despite government assurances, delays in payments owed to enterprises for completed contracts and services have reached a breaking point, creating a ripple effect across industries.
Unpaid state debt paralyzes local businesses
The Association of Large Togolese Enterprises (AGET) has highlighted the severity of the situation, reporting an estimated 1.7 trillion FCFA in unpaid state debt—over 60% of Togo’s total public debt. This financial burden disproportionately affects key sectors such as construction, public services, and energy distribution, where businesses struggle to sustain operations.
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