Average Credit and Collections Manager Salary in Lome, Togo for 2026

In this article, we will look at the average Credit and Collections Manager salary for 2026 in Lome and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the West African CFA franc. To keep things simple, we are using the XOF currency code instead of the currency symbol Fr.

How Much Does a Credit and Collections Manager Make in Lome?

A Credit and Collections Manager working in Lome will typically earn around 11,113,100 XOF per year, and this can range from the lowest average salary of about 5,111,100 XOF to the highest average salary of 17,640,500 XOF.

These are average salaries for a Credit and Collections Manager in Lome and include benefits such as housing and transport. It's also possible for a Credit and Collections Manager to earn more or less than the average salaries shown above.

Credit and Collections Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Credit and Collections Manager Salaries in Lome

So we've looked at the average salaries a Credit and Collections Manager will earn in Lome. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit and Collections Manager can earn between 5,111,100 XOF and 17,640,500 XOF on average in Lome. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Credit and Collections Manager in Lome is 11,998,600 XOF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 11,998,600 XOF, and 50% of the population earn more than 11,998,600 XOF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Credit and Collections Manager salary in Lome, 25% of the population are earning less than 7,703,700 XOF while 75% of the population earn more than 7,703,700 XOF.

75% of the population earn less than 15,960,700 XOF, and 25% of the population earn more than 15,960,700 XOF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Credit and Collections Manager Salary by Experience Level in Lome

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Credit and Collections Manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Credit and Collections Manager in Lome that has less than two years of experience can expect to earn somewhere in the region of 5,794,900 XOF.
• 2 - 5 Years Experience. With two to five years of experience the average Credit and Collections Manager salary would increase to 7,750,400 XOF.
• 5 - 10 Years Experience. From five to ten years of experience as a Credit and Collections Manager, the average salary would be 11,447,200 XOF.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 13,919,600 XOF.
• 15 - 20 Years Experience. A Credit and Collections Manager with 15 to 20 years of experience can earn an average of 15,238,200 XOF.
• 20+ Years Experience. For a Credit and Collections Manager with more than 20 years, the expected average salary increases to 16,439,200 XOF.

Average Salary by Experience Chart

Credit and Collections Manager Salary by Education Level in Lome

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Credit and Collections Manager in Lome based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Bachelor's Degree. A Credit and Collections Manager in Lome with a bachelor's degree education can earn an average salary of 6,745,700 XOF.
• Master's Degree. A Credit and Collections Manager in Lome with a master's degree education can earn an average salary of 13,079,500 XOF.

Average Salary by Education Chart

Credit and Collections Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Lome, a male credit and collections manager will earn an average of 10,032,600 XOF, while a female credit and collections manager will earn around 8,533,800 XOF.

This means that a male credit and collections manager earns approximately 18% more than a female credit and collections manager for performing the same job.

Average Salary by Gender Chart in Lome

Credit and Collections Manager Average Pay Raise in Lome

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Credit and Collections Manager in Lome is around 10% every 28 months.

The national average pay raise across all professions and industries in Togo is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 10 ÷ 28 ) × 12  = 4%

What this means is that a Credit and Collections Manager in Lome can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Lome for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Togo.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Credit and Collections Manager Bonus and Incentive Rates in Lome

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Credit and Collections Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Togo earn approximately 25% more than private sector employees in the same role.

Salaries for Jobs Similar to a Credit and Collections Manager

In the table below, we have salary information for jobs that are similar to a Credit and Collections Manager in Lome.