Togo First

Togo First

World Bank Group President David Malpass begins an official visit to Niger and Togo from March 29 to April 1, 2023. Malpass will meet local authorities with whom he will discuss regional and global priorities, such as bolstering security and peace, inclusive and sustainable economic growth, food security, energy access, and education.

In Niger, David Malpass will meet President Mohamed Bazoum, key stakeholders, and partners of the World Bank. They will talk about the country's development agenda and the Bank's support. According to a statement issued by the Bretton Woods institution, the World Bank boss will deliver “the position speech” at the Abdou Moumouni University of Niamey. This will be as a prelude to the Spring Meetings of the World Bank Group and the International Monetary Fund, scheduled for April 10-16, 2023 in Washington.

David Malpass will then arrive in Togo on 31 March. According to Togo First, he will spend two days there, during which he will meet President Faure Gnassinge and the World Bank’s partners in the country. They will discuss key intervention areas such as education, agriculture, food insecurity and how it is tackled in West Africa, digital transformation, and social protection.  Malpass will also cover efforts to boost resilience and inclusive growth in the Gulf of Guinea countries. He should also, according to sources close to the matter, visit the Ministry of Agriculture and the University of Lomé.

During his tour in Niger and Togo, David Malpass will have on his side Ousmane Diagana, Vice President of the World Bank in West and Central Africa, and Sergio Pimenta, Vice President of the International Finance Corporation (IFC) in Africa.

Observers question the intentions behind Malpass’s move to get closer to Africa. Justly so, considering that the outgoing head of the WB has been heavily criticized for his limited African policy throughout his mandate and for his skepticism towards climate issues, knowing that Africa is one of the regions that is most affected by climate change. 

For example, Malpass vetoed using IDA loans as collateral for countries wishing to access international financial markets. However, he provided a record $150 million IDA credit to Togo, forcing the country to use the Africa Trade Insurance Agency (ATI) to cover the risks associated with that debt over 10 years at an overall cost of less than 5 percent per year. Under Malpass's leadership, Togo received greater funding from World Bank subsidiaries, both in terms of volume and the number of sectors supported, such as energy, social safety nets, the private sector, education, agriculture, and mobility. Also, the IFC, which is the World Bank’s financing arm, expanded its footprint in the country, with its active portfolio growing from a few tens of millions of dollars five years ago to over $300 million (part of the related deals are about to be sealed).

At present, the World Bank backs 18 projects in Togo. Half of them are national projects and the other half are regional projects. They respectively cost $420.1 million and $535 million. 

According to reliable sources, David Malpass will leave office by the end of June this year. 

Fiacre E. Kakpo

The ARCEP, Togo’s telecom regulator, received a delegation from its Ivorian counterpart on March 21 and 22. The Ivorian side came to learn from the Togoelse regulator’s experience.

The Ivorian delegation included representatives of the ministry of communication and digital economy, and of the ARTI, which is Côte d’Ivoire telecom watchdog. During their stay, they mainly had workshops with the ARCEP. The latter covered the legal and regulatory framework relating to the quality of service of electronic communications, the methods of organization and conduct of QoS measurement campaigns, as well as the tools and equipment for measuring the quality of service in both countries.

The Ivorian delegation came a few weeks only after another from Comoros, which also came to learn from the ARCEP. With the Comorian delegation, Togo inked a deal to develop a win-win partnership that will address bottlenecks to telecom regulation in both countries.

Esaïe Edoh

Graduates and upcoming students of the IFAD training institutes in Togo should have more ease getting financing to launch their businesses in the coming years. This is thanks to two partnership agreements signed last Wednesday, March 22, at the IFAD of Elavagnon in the East Mono Prefecture. 

The first deal was signed between the Education-Development Agency (AED) and the Ministry of Grassroots Development. It will help all IFAD graduates to secure funds for their professional integration projects.

The second deal is a tripartite agreement between IFAD Aquaculture, the Support Fund for Youth Economic Initiatives (FAIEJ), and the microfinance COOPEC-AD. It will allow the co-financing of business plans of young entrepreneurs.

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The two agreements were signed about a month after the graduation of the first cohort of trainees of Elavagnon’s IFAD. The latter provides training in aquaculture.

This cohort was the first to graduate from the IFAD. It included 113 youths–27 young women and 86 young men.

The minister of foreign affairs of Togo, Robert Dussey, was in South Korea last week. 

On the occasion, the two countries reiterated their commitment to deepen their cooperation in key sectors like agriculture, health, education, renewable energy, and ICTs, Dussey reported on his website

The Togolese official presented to the Korean side Togo’s 2025 government roadmap. While doing so,  he highlighted the investment opportunities offered by the Adétikopé Industrial Platform (PIA), as well as Togo’s ambition to consolidate its position as a logistics and service hub in West Africa.

Regarding cooperation and support for development, "Minister Dussey also exchanged with the presidents of the Korean Cooperation Agency (KOICA), the Korean Trade and Investment Promotion Agency (KOTRA), the Korea-Africa Foundation as well as with representatives of various Korean companies."

South Korea and Togo have been cooperating for years and the Asian country has been supporting its African partner in several areas, notably technology, agriculture, and education. Earlier this year, Seoul mobilized about CFA3 billion to advance education in the Savanes region, northern Togo.

Two days ago, on March 26, President Faure Gnassingbe urged his staff to speed up the implementation of projects falling under the government’s 2025 roadmap. The Togolese Head of State did so at the close of the first annual seminar of the government held last week in Kpalimé. 

"In the current global context marked by multiple crises, we must act on the levers that we have control over. We must do it and we must do it quickly," Gnassingbé declared as the meeting was closing. Accelerating the projects, according to the leader, is “in the population’s interest.”

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According to the government’s statement issued after the meeting, the President “stressed the urgency of continuing the collective mobilization by mainly relying on local resources.”

Togo’s roadmap was launched three years ago, which explains the president’s call for accelerating its implementation.

Esaïe Edoh 

Over the past year, more people in Togo’s maritime region have relied on health services. For example, the rate of use of curative care in the region fell from 54% in 2021 to 49% last year, and that of assisted childbirth rose from 67% to 73.5%.

The figures were reviewed last week during a workshop held in Tsevie. Organized by the region’s health directorate, the meeting took place on March 22-24. 

According to Agence Togolaise de Presse, the workshop aimed to gather various actors in the sector to conduct a critical and constructive assessment of the activities carried out in 2022. The participants also looked at potential actions to integrate into the region’s new health strategy. 

During the workshop, all of the region’s health facilities (public, private, and religious) presented their activities’ results.

Besides the previous figures, the participants also revealed an improvement in the success rate of tuberculosis treatment, from 80% to 84%. It was also indicated that all women who needed a subsidized C-section could have the surgery.

In contrast to these improvements, other indicators such as maternal mortality due to obstetric causes, mortality due to malaria in children under 5, and coverage of health personnel needs at the primary care level, did poorly over the period reviewed. Also, the proportion of maternal deaths reported and audited remained low.

It is worth noting that nearly 3 million people live in the maritime region (2.6 million in 2010) - that is over 40% of Togo’s population.

Togo only raised CFA8.5 billion in its latest issue on the WAEMU market. That is far from its target for the operation: CFA40 billion. 

The operation, a simultaneous issue of fungible treasury bills and bonds closed on March 24. In detail, Lomé raised CFA7 billion via the bills, which mature over 364 days, and CFA1.5 billion via the bonds. The latter mature over 5 and 3 years and the 3-year bonds raised CFA100 million. 

According to the UEMOA Securities, 10 investors subscribed to the issue. They mobilized CFA9.6 billion out of which CFA8.5 billion were retained. 

Including the recent operation, Togo has raised CFA111 billion on the regional money market so far this year. This is against an annual target of CFA574 billion. The funds will finance the national budget. 

Esaïe Edoh

The government of Togo held its first seminar of the year last Friday, in Kpalimé. The 3-day meeting was chaired by President Faure Gnassingbe himself. 

During the seminar, the leader and his collaborators assessed how advanced the key projects of the 2025 government roadmap were and their impacts. 

The seminar was organized in a particular context. Indeed, Togo will hold regional and legislative elections this year. 

The previous seminar was held last September, still in Kpalimé. At the time, participants looked at how advanced some projects were–road, health, urbanism, and investment projects notably. 

Esaïe Edoh

The National Food Security Agency of Togo currently sells cereals at low cost nationwide. The campaign, which will last a month, began on March 20.

The cereals sold are corn, rice, beans, and sorghum, in bags of 50kg and 20kg. According to the ANSAT, each region will receive 200 tons of grains.

The cereals are purchased from farmers during harvest. The operation aims to make sure Togolese populations can readily obtain cereals.

The Togolese government, it should be recalled, plans to commit CFA13 billion to food security this year, in line with its finance bill. This is 25% of the annual budget for the ministry of agriculture, knowingly CFA52 billion. 

Esaïe Edoh

A delegation of Canadian businesspeople is currently in Togo, exploring opportunities the West African country has to offer. The visit falls under the “Promoting the Togo destination” initiative carried out by Togolese authorities. 

Most of the Canadian businessmen of the delegation are from New Brunswick province. They were led by Gaëtan Thomas, President and General Manager of the Economic Council of the said province. They visited the IFAD-Building in Adidogomé, the Industrial Platform of Adétikopé (PIA), and the Autonomous Port of Lomé (PAL).

After meeting with Togolese government officials, local employers’ associations, and actors of the private sector, the Canadians announced upcoming investments in Togo’s port, mining, environment, and energy sectors.

The investments should bolster the relationship between Togo and Canada, in a context where bilateral trade between both nations was valued at about $65.2 million in 2021, according to data from the Canadian government. That year, Canada exported $51.5 million worth of goods to Togo and imported $13.8 million worth of goods from the African country.

Esaïe Edoh 

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