In 2016, Togo has allocated $297.5 million of its budget to infrastructures, far above the amount allocated to the same sector by most of its neighbors, within the WAEMU, except Senegal. This was revealed in the 2016 report of the Infrastructure Consortium of Africa (ICA), released this month.
While Senegal allocated $575.4 million, or less than 4% of its GDP, of its budget to infrastructures, Togo is in the integration zone, the country to have invested most in the sector, in regards to its GDP.
WAEMU’s economic driver, Côte d’Ivoire, has injected only $64.5 million in infrastructures in 2016, thus less than 0.5% of its GDP. In Mali, Burkina Faso, Benin and Niger, this figure stood at $199.3 million, $179.3 million, $75.2 million and $2.5 million respectively last year.
Out of the overall budget allocated to the reviewed sector, Togo has invested $219 million (73.8% of the total amount) in transport, $40 million (13.5%) in water, $19 million (6.3%) in energies and $13 million (4.3%) in ICT. Non-allocated resources were around $6 million.
Alongside Togo, other African countries to have invested the most in infrastructures, in terms of GDP ratio, are Zambia, Zimbabwe, Malawi, Swaziland, all in Southern Africa, and Kenya, in Eastern Africa.
Fiacre E. Kakpo
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
Backbone Infrastructure will build a $15 billion refinery in Nigeria's Ondo State, with a capac...
President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...
• Oil production has held steady. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and OPEC confirm oil output averaged between 1.1...
• Montage Gold secures key stakes in several West African gold projects, positioning itself as a leading contender ahead of its flagship mine’s launch in...
• Two NGOs sued the US Export-Import Bank, claiming it approved a $4.7B loan to Mozambique LNG in violation of legal procedures.• The loan is...
• Ivory Coast loses over 100 tons of cocoa, coffee, and cashew nuts weekly to smuggling, despite ongoing border control operations.• Authorities now shift...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...
Malawi’s Mount Mulanje and Cameroon’s Diy-Gid-Biy added to UNESCO World Heritage List Africa still holds 25% of endangered sites, despite recent...