Logistics, CFA franc, infrastructure, and debt management.
Togo
BlueInvest Africa links SMEs and capital as Lomé scales the blue economy; EMB and AFK track frontier appetite while CL=F shapes current-account risk; delivery on a €200m pipeline and TEU gains will determine durable spread compression.
Togo
Togo’s programme budgeting tightens fiscal control as BCEAO holds easier settings; credible delivery could compress auction yields despite pressures from BZ=F and ^TNX while EM beta via EMB remains supportive for risk pricing.
Togo
Togo embeds private insurers in UHC governance, shifting CFAF 25 bn arrears risk to markets. Regional 10-year yields (~7.4%) and frontier debt (EMB) could tighten as insurers like AXA (AXA.PA) and NSIA (BRVMCI) gain from rising health premiums.
Togo
Togo is reviewing its AfCFTA strategy to shift from treaty compliance to competitiveness. With GDP growth near 5%, debt at 55% of GDP, and TG2031 Eurobond yields at 8.6%, Lomé aims to turn its port and industrial base into a real regional trade engine.
Togo
Togo’s 51% surge in development aid to USD 745 million signals renewed donor confidence but deepens concessional dependence. With debt near 58% of GDP and low tax revenue, Lomé’s stability rests more on grants than markets—buying time, not autonomy.
Togo
Togo’s debt mix is shifting fast — external debt now 41.1% of total, up from 28.3% in 2019, with 60% of new loans from IMF, World Bank, and AfDB. WAEMU bonds trade near 7.9%, while EMB ETF (NYSEARCA: EMB) spreads narrowed 70bps, signaling rising confidence in Lomé’s fiscal model.
Markets
IMF reviews Togo’s USD 403m ECF as growth hits 5.3% and inflation eases to 2.6%. With USD 129m disbursed, markets eye WAEMU bonds on the BRVM, CFA franc (XOF) stability, and bank tickers ETIT, ORGT, CBI as credibility faces its next test.
Markets
Ollo Africa, now Togo’s first fintech with a BCEAO regional banking license, can scale from 8M to over 150M customers across WAEMU. The move raises investor hopes for a valuation leap, but execution risks—credit, liquidity, and compliance—will determine if this is a breakout or a cautionary tale.