Togo disburses CFA4bn to expand grassroots financial inclusion

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Tuesday, 02 September 2025 09:10

Togo disburses CFA4bn to expand grassroots financial inclusion

(Togo First) - Togo disbursed more than CFA4 billion in loans between August 2024 and August 2025 to support grassroots development and expand financial inclusion. Nearly 40,000 loans were granted nationwide during the period, with amounts and volumes varying by region.

The Savanes region topped the list with 16,012 loans totaling CFA1.66 billion, accounting for more than 40% of the national portfolio. Authorities say the focus on this vulnerable region reflects the role of income-generating activities in building resilience.

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The Maritime region followed with 9,785 loans worth CFA934.45 million, reflecting the concentration of demand in Lomé and surrounding areas. The Centrale region ranked third with 7,206 loans totaling CFA724.18 million, ahead of Kara (2,667 loans, CFA462.77 million) and Plateaux (3,472 loans, CFA281.89 million).

Beyond the regional distribution, the Ministry of Finance reported a repayment rate close to 95%, with digital loans expanding steadily. The next challenge will be to scale up support, close regional gaps by tailoring interventions to local needs, and extend financing to micro, small, and medium-sized enterprises as well as young entrepreneurs.

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.