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Connectors and digital infrastructure: Togo receives 6 billion FCFA from the World Bank

26/05/2021
Categories: Economy/Forex

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The World Bank has just disbursed additional financing of 6 billion FCFA for Carrier Hotel. This fund aims to support digital connectors and infrastructures, as part of strengthening Togo's connectivity and developing its digital economy. This support from the Bretton Woods institution comes within the framework of the West Africa Regional Communications Infrastructure Program (WARCIP). This project aims to strengthen the contribution of the Bretton Woods institution to the major projects launched in Togo, to increase the geographical reach of high-speed networks and to reduce the costs of communication services

. In

particular, the funds will allow “to complete the construction of the neutral and open accommodation and co-location center (Carrier Hotel), which will serve as a regional hub for the purchase and resale of international bandwidth capacity in the Togo broadband market,” says the Washington-based Institution. “The implementation of the infrastructure planned as part of this project will reduce the cost of international connectivity and support the digital transformation program in Togo,” also underlines Hawa Cisse Wagué, Bank Resident Representative in Togo

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In addition, the resources announced should be used to finalize the “Togo Digital 2025” strategy, with a view to making the most of achievements that are in line with the project to accelerate Togo's digital transformation.

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