Togo: World Bank sets aside $11m to develop digital economy
The World Bank has set aside $11 million to improve connectivity in Togo and develop the country’s digital economy, reports from Washington said last week. The funding, made available through the International Development Association (IDA), is part of the additional financing for the West Africa Regional Communications Infrastructure Programme (WARCIP).
The aim, according to the World Bank, is to strengthen the contribution to major projects launched in Togo in a view of expanding geographical coverage of broadband networks and reduce the costs of communications services.
The funding will also help facilitate the construction of the carrier-neutral colocation data center (Carrier Hotel), which will serve as a regional hub for the purchase and resale of international bandwidth capacity on Togo’s wholesale broadband market.
Furthermore, the funds will also be used to finalise the “Togo Digital 2025” strategic plan and leverage the achievements of WARCIP in order to accelerate Togo’s digital transformation.
Hawa Cissé Wagué, Togo World Bank head, said the development of the infrastructure provided for under this project would result in lower international connectivity costs, as well as support for Togo’s digital transformation agenda.
“The COVID-19 crisis has shown that there is a heavy reliance on digital technology and a need for Togo to strengthen its digital infrastructure and enhance the resilience of its economy and services,” Wagué pointed out.