BOAD Development Days: Climate, Agriculture, and Energy Take Center Stage in Lomé

Economic governance

Friday, 13 June 2025 11:30

BOAD Development Days: Climate, Agriculture, and Energy Take Center Stage in Lomé

(Togo First) - The West African Development Bank (BOAD) launched the first "BOAD Development Days" in Lomé on June 12, 2025. Experts, policymakers, and private sector leaders gathered for two days to tackle climate change, agriculture, and energy challenges in the WAEMU region.

The event focused on "Financing the Energy Transition and Sustainable Agriculture: Challenges, Opportunities, and Solutions." Organizers want real ideas and practical solutions for these critical sectors.

BOAD President Serge Ekue said, "For several years now, climate change is no longer an abstraction. It is no longer just an idea. It is real." He warned that farmers face growing pressure and more frequent climate shocks.

Ekue explained that agriculture and energy need massive investment, but many businesses still struggle to get funding. He urged leaders to use green finance, climate funding, and tech innovation through public-private partnerships.

BOAD continues to back member states with its "Djoliba" strategic plan for 2021-2025. The bank has invested CFA3,310 billion in the region’s economies since then. By June 30, 2024, BOAD had committed CFA1,977.9 billion to energy and natural resources projects.

Togo’s Economy and Finance Minister, Georges Barcola, called the event "a crossroads of ideas, a forum for exchanges, and a catalyst for concrete actions for the sub-region’s future." He said these days show states want to solve development issues, drive economic growth, and improve living conditions.

Organizers expect these annual meetings to reshape how West Africa funds its development.

This article was initially published in French by Esaïe Edoh

Edited in English by Ange Jason Quenum

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.