LOMÉ, July 31, 2026 — Togo is strategically positioning its investors and enterprises at the forefront of its long-term national aspirations. In Lomé, government officials convened key economic stakeholders on Thursday, July 30, to address a pivotal question: how can the private sector become a foundational pillar for the economic transformation anticipated in the coming years?
The pivotal workshop, dedicated to Vision Togo 2040 and the Government Roadmap 2026-2031, saw the participation of representatives from the World Bank Group, employers’ associations, the Chamber of Commerce and Industry, major Togolese corporations, and international experts. Sandra Ablamba Johnson, Minister and Secretary-General of the Presidency of the Council, officially opened the gathering on behalf of President Faure Essozimna Gnassingbé.
Scaling up national ambitions
Beyond the technical discussions lies a far-reaching aspiration. By 2040, Togolese authorities aim to double the average living standard for its citizens and reduce the poverty rate to below 15%. To achieve these ambitious targets, the government intends to significantly leverage the private sector’s capacity for investment and job creation.
The reality is clear: the State alone cannot bear the entire burden of such a monumental economic transformation. Therefore, attracting greater capital, fostering the growth of national enterprises, and cultivating an environment conducive to investment are paramount.
From assessment to actionable strategies
It was precisely in this domain that the workshop sought to generate solutions. Participants were tasked with examining the necessary conditions to elevate the private sector from merely an economic actor to a full-fledged partner in public action. This critical deliberation directly addresses investment conditions, enterprise development, capital mobilization, and the initiation of new productive activities.
However, the ambition extends beyond merely articulating objectives. Authorities now seek an operational action framework capable of translating the Vision Togo 2040 guidelines into concrete initiatives. The presence of the World Bank and international experts lends a unique dimension to these proceedings, enabling the national strategies to be benchmarked against experiences and best practices observed in other economies.
The private sector called to play its part
The message conveyed during this significant meeting is unequivocal: the next phase of Togolese development must increasingly rely on private enterprise and investment. Ultimately, the Lomé gathering marks a crucial step in the pursuit of a new growth model, aiming for an economy by 2040 capable of substantially improving the living conditions of its populace.
For the Togolese authorities, the challenge now lies in translating this ambition into decisive actions, and subsequently, these actions into tangible results. It is under this condition that the objectives set for the coming years can transcend mere projections and become a concrete economic and social reality.
