LOMÉ, July 31, 2026 — Togo is strategically positioning investors and businesses at the core of its long-term national aspirations. In the capital, government officials convened the nation’s key economic players on Thursday, July 30, to address a crucial question: how can the private sector become a fundamental pillar in the anticipated economic transformation over the coming years?
The consultative workshop, dedicated to Vision Togo 2040 and the Governmental Roadmap 2026-2031, brought together representatives from the World Bank Group, employers’ organizations, the Chamber of Commerce and Industry, major Togolese enterprises, and international experts. The session was officially opened by Sandra Ablamba Johnson, Minister and Secretary-General of the Presidency of the Council, acting on behalf of President Faure Essozimna Gnassingbé.
A scaling ambition
Beyond the technical discussions lies a far-reaching ambition. Togolese authorities envision doubling the average living standard for citizens and reducing the poverty rate below 15% by 2040. To achieve these significant goals, the government intends to increasingly leverage the private sector’s capacity for investment and job creation.
The premise is straightforward: the State alone cannot shoulder the entire burden of an economic transformation of this magnitude. Therefore, attracting more capital, fostering the growth of national businesses, and cultivating an environment conducive to investment are paramount.
From assessment to concrete measures
This workshop was specifically designed to provide answers in this critical area. Participants were tasked with examining the necessary conditions to elevate the private sector from a mere economic actor to a full-fledged partner in public action. This exploration directly impacts investment conditions, business development, capital mobilization, and the creation of new productive activities.
However, the ambition extends beyond merely formulating objectives. Authorities now seek an operational action framework capable of translating the strategic directions of Vision Togo 2040 into tangible initiatives. The presence of the World Bank and international experts lends a unique dimension to these proceedings, allowing national orientations to be cross-referenced with experiences and best practices observed in other economies, contributing to enhanced governance Africa.
The private sector called to contribute
The message conveyed during this gathering is unequivocal: the next phase of Togolese development will depend more heavily on private enterprise and investment. Ultimately, the Lomé meeting marks a pivotal step in the pursuit of a new growth model, aiming for an economy by 2040 that can significantly improve the living conditions of the population, a key aspect of society Africa.
For Togolese authorities, the challenge now is to transform this ambition into concrete decisions, and then these decisions into measurable results. Only under these conditions can the objectives set for the coming years transcend projections and become a tangible economic and social reality for this African nation.
