Togo's government cut its 2026 budget 0.3% to 2,744.2bn FCFA (€4.18bn) in a draft amended budget adopted on October 22, the government's news site said. The draft puts the deficit at 247.6bn FCFA (€377mn), or 3.4% of GDP, the site said. The draft 2027 budget totals 2,684.1bn FCFA (€4.09bn), 2.5% less than the initial 2026 budget of 2,751.5bn FCFA.
Analysis: The revised deficit would exceed the original 2026 target of 3% of GDP, the WAEMU ceiling, by 0.4 percentage points. Overall spending changed little, indicating that projected receipts or other budget items have shifted. Officials said the revision aims to protect households from higher fuel costs and secure additional external financing. A wider deficit would matter to government suppliers and investors in Togolese debt, but the cabinet communiqué did not provide updated tax revenue figures. Parliament's review of the 2026 revision and draft 2027 budget should make the underlying assumptions clearer before year-end.
Source: Government of Togo (republicoftogo.com), République Togolaise (government news site), 'Adoption du collectif budgétaire', October 22, 2026, reporting the Council of Ministers communiqué of October 22, 2026, FY2026 (revised) and FY2027 (draft); Togonews (Lomé), distributed by AllAfrica, Togonews via AllAfrica, December 19, 2025, on the 2026 finance bill, FY2026 (initial); Agence de Presse Africaine, Loi de finances 2026 as adopted by Assemblée nationale 9 Dec 2025 (via APA), FY2026
Togo's food security agency ANSAT is to buy more than 41,000 metric tons of cereals from farmers in 2026, after collecting a record 31,086 tons in 2025, up from 18,307 tons in 2024, the government's news site said, citing agriculture ministry data. ANSAT itself put the target for the purchasing campaign it launched in October at about 13,000 tons for 2.6bn FCFA (€4.0mn), Togo First reported on October 13.
Analysis: The two official purchase figures differ by more than threefold, and neither ANSAT nor the ministry has explained why. They may cover different periods, but that remains unconfirmed. Even the higher figure would equal only about 2% of the forecast 1.96mn-ton cereal harvest. Purchases might support prices in selected areas, particularly after reported maize prices fell 54% year-on-year to 155 FCFA (€0.24) per kilogram in September. Traders and millers in Savanes, the main supplier with 27,862 tons, may be affected first. ANSAT has not released purchase prices or a timetable.
Source: Government of Togo (republicoftogo.com), République Togolaise (government news site), 'Stocks de sécurité : record de 31 000 tonnes collectées en 2025', October 25, 2026, citing agriculture ministry data, 2026 and 2025 and 2024; Togo First (Groupe Ecofin), Agence nationale de la sécurité alimentaire (ANSAT), via Togo First (October 13, 2026), 2026/27 campaign; Togo First (Groupe Ecofin), FEWS NET via Togo First, September 2026 and 2026/27; Togo First (Groupe Ecofin), FEWS NET September 2026 update (via Togo First), 2026/27; Togo First (Groupe Ecofin), ANSAT via Togo First, 2026/27 campaign
Togo produced 45,000 metric tons of cashew nuts in 2025, up 96% from 22,937 tons in 2019, the government's news site said, reporting a European Union presentation on the sector. The 2026 marketing season opened in February with a farm-gate price of 350 FCFA (€0.53) per kilogram, down from 425 FCFA (€0.65) in 2025, the site said.
Analysis: Cashew output has doubled over six years, while the producer price declined 17.6% this season. That means growers received less per kilogram despite higher overall production. Togo introduced taxes on raw cashew, shea and soybean exports in January 2026, reportedly to support local processing. The measure could influence competition between exporters and domestic buyers, but its effect on farm prices has not been established. Processors such as Cajou Espoir, which handles about 15% of national cashew output, may find more local supply. The 2027 opening price, expected around February, will be an important benchmark.
Source: Government of Togo (republicoftogo.com), République Togolaise (government news site), 'Le Togo a doublé sa production de cajou en six ans', October 23, 2026, 2025 and 2019 and 2026 season (from February 2026) and 2025 season; Togonews (Lomé), distributed by AllAfrica, Togonews via AllAfrica, 'Priorité aux transformateurs locaux', October 6, 2026, From January 2026
Togo plans to rehabilitate 846 kilometers of rural roads in the second phase of its rural roads program, at an announced cost of 35.54bn FCFA (€54.2mn), Togo First reported on October 26, describing the first phase, which targeted 935 kilometers for 23.21bn FCFA (€35.4mn), as officially complete. However, the government's news site said on October 24 that the first phase had rehabilitated 625 kilometers, with nearly 250 more under way.
Analysis: The planned second phase costs about 42mn FCFA (€64,000) per kilometer, roughly 70% more than the first phase's 24.8mn FCFA (€37,800), by our calculation. Officials and Togo First describe first-phase progress differently: a completion ceremony was held, while government figures show 625 km finished and 250 km under way, together below the 935-km target. The roads serve cotton, coffee and cocoa farming communities. Contractors will need confirmed financing and tender dates before planning work. AFD and KfW were seeking about €50mn more by end-2026, but no construction start date was announced.
Source: Togo First (Groupe Ecofin), Togo First, 'Togo : 35,54 milliards FCFA prévus pour la deuxième phase du programme des pistes rurales', October 26, 2026, Phase 2 (planned) and Phase 1 (2017-2026); Government of Togo (republicoftogo.com), République Togolaise (government news site), 'Un réseau rural plus accessible', October 24, 2026, To October 2026 and By end-2026 (target)
Germany announced €39mn of new financing for Togo at the end of intergovernmental consultations in Lomé on October 23, with €27mn for financial cooperation, which funds investment and infrastructure, and €12mn for technical cooperation, the government's news site said. Agriculture takes the largest share, including the Irrigation+ project, school meals and rural roads, the site said.
Analysis: The new pledge is smaller than the five World Bank financing agreements worth $429mn (€385mn) signed in July, but could support specific infrastructure needs. Officials highlighted rural roads, irrigation and the Nangbéto hydro-solar scheme, areas that may create work for engineering and civil construction firms. The rural road program alone is seeking approximately €50mn more from KfW and AFD. Germany has not disclosed how the €39mn would be divided by project. Talks planned for 2027 are expected to set wider priorities, meaning the scope and timing of future contracts remain uncertain.
Source: Government of Togo (republicoftogo.com), République Togolaise (government news site), '39 millions d’euros : à quoi servira la nouvelle enveloppe allemande', October 24, 2026, Announced October 23, 2026; Ministère des Finances et du Budget (Togo), Ministère des Finances et du Budget news release, July 2026; Government of Togo (republicoftogo.com), République Togolaise (government news site), 'Un réseau rural plus accessible', October 24, 2026, By end-2026 (target)
Chart of the week
Mobile money transactions in Togo, bn FCFA a quarter, Q1 2025–Q2 2026 (telecoms regulator ARCEP)
1,211
1,300
1,398
1,572
1,844
1,968
Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26
Telecoms regulator ARCEP's four 2025 quarters add up to 5,481bn FCFA (€8.36bn), 24% more than the 4,435.3bn FCFA (€6.76bn) the regional central bank BCEAO reports for the year. Neither institution has explained the gap.. Source: Autorité de Régulation des Communications Électroniques et des Postes (ARCEP), ARCEP Togo, Observatoire des marchés T1-2026, Q1 2025 and Q2 2025 and Q3 2025 and Q4 2025 and Q1 2026; Autorité de Régulation des Communications Électroniques et des Postes (ARCEP), ARCEP Togo, Observatoire des marchés T2-2026 (published September 2026), Q2 2026.
Tender of the week
Smart-meter modems and data concentrators for the power utility CEET
Buyer
Ministry Delegate for Energy and Mining Resources (public procurement officer), for the power utility CEET
Scope
Supply and commissioning of 1,200 modems linking medium-voltage meters to CEET's smart-meter management platform and 4,000 low-voltage smart-meter data concentrators with associated meters, cables and accessories; delivery within 240 days, then 180 days of related services; part of CEET's revenue-protection program; international open tender, two-envelope process, technical score 30% and price 70%.
Value
Not published; bid security 50mn FCFA
Funding
World Bank (IDA credit IDA-75540), Inclusive Development through Electricity Access project (IDEA, P176769)
Closes
Wednesday, November 11, 2026
Alama Pro members get the link to the official notice for this and every other tender.
In Alama Pro this week
Deep dive: How electricity shortages complicate Togo's plans for private investors
10 signals with workings, from public finance, farming, rural roads and donor funding to power supply, mobile money, free zones, a Huawei agreement and soybean trade
Four trackers, from inflation and Port of Lomé container traffic to the five-year bond yield and phosphate exports, the tender of the week and every open tender we follow, with deadlines
Euro equivalents use the fixed parity of 655.957 FCFA per euro. Every figure comes from the official source named under it. Spotted an error? Write to info@alamareport.com; corrections run in the next issue.
