The West African Development Bank (BOAD) in collaboration with the German Development Bank, KfW is preparing to launch a fund for digital transformation, the sub-regional financial institution said on its Twitter account.

This fund, which is currently being set up, will be used to finance projects to digitize administrative processes and promote the digital economy within the WAEMU.

With regard to Togo, the World Bank, in a report entitled "Boosting private investment for more growth and jobs", identified the digital transition as a key step towards a more resilient economy.

The country is also the leader of a project, e-administration, which aims to digitize its administration and will devote 25.5 billion FCFA to digital in 2021. Lomé is working to accelerate the implementation of biometric identification in order to accelerate the formalization of many Togolese economic actors and strengthen access to social services.