Togo aims to cut poverty below 15% by 2040, boosting private‑sector investment

President Faure Gnassingbé has set a target to reduce Togo’s poverty rate to under 15% by 2040. The share of people living in monetary poverty fell from 45.5% in 2019 to 42.4% in 2023, while multidimensional poverty dropped from 37.1% to 28.9% over recent years, reflecting better access to health, education and basic services.

The government’s Vision Togo 2040 plan seeks to double the average standard of living and relies heavily on the private sector to create jobs, modernise agriculture, expand industry, improve education and health services, and extend electricity and water access. A workshop on 30 July 2026 gathered officials, business leaders, the World Bank and international experts to discuss how to make the private sector a core partner in achieving these goals.