Togo First

Togo First

Observer missions from the African Union (AU), ECOWAS, and CEN-SAD praised the smooth and transparent conduct of Togo's legislative and regional elections on April 29th.

AU's Positive Assessment

Ambassador Calixte Aristide Mbari, leading the AU Electoral Observation Mission, met with President Faure Essozimna Gnassingbé on April 30th. The AU mission, present since April 21st, expressed satisfaction with the elections, highlighting their potential to strengthen democracy, peace, and national stability. Ambassador Mbari noted the increasing participation of women in the process, stating, "We are pleased with these discussions and we hope that the results can contribute to democratic consolidation, peace, and stability in the country."

CEN-SAD's Approval of Transparency

The CEN-SAD mission, led by Sangaré Youssouf, praised the elections as "free, fair, and transparent." They commended the quality of electoral materials and the setup of polling stations for ensuring transparency and confidentiality. The professionalism of security forces was particularly acknowledged for guaranteeing a smooth voting process.

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ECOWAS Praises Youth Engagement

President Faure Gnassingbé welcomed the ECOWAS Electoral Observation Mission, led by former Gambian Vice President Fatoumata Jallow-Tambajang. The ECOWAS mission highlighted the transparent nature of the electoral process, emphasizing the presence of all stakeholders and effective communication by the Independent National Electoral Commission (CENI). Mrs. Jallow-Tambajang noted the significant participation of voters, especially the youth, facilitated by effective communication strategies. "All stakeholders were present, and the Independent National Electoral Commission (CENI) ensured effective communication, facilitating massive participation of voters, especially the youth," she reported.

The preliminary results of the elections will be released gradually, marking the renewal of the National Assembly with 113 deputies and the election of 179 regional councilors for the first time.

Last year, the Tinga Fund achieved 20,971 grid connections in Togo. This is about half, 52.42%, of the number the project had set eyes for 2023. The Ministry of Economy and Finance reported the data in its "Implementation Report of Reforms for the Year 2023".

Meanwhile, the Minister of Energy, Mila Aziablé, highlighted that these electrical connections were predominantly executed in the Savanes, Kara, and Plateaux regions, helping electrification rates surge. In the Savanes region, the rate grew from 22% to 33% between 2022 and 2023. In the Kara and Plateaux regions, it rose by 9% and 10% respectively (from 35% to 44% in the former, and from 29% to 39% in the latter).

The Tinga Fund recently launched in the Central and Maritime regions, but the project was launched in April 2022. Since then, it has reached over 42,000 households and nearly 300,000 people, said Mila Aziablé.

This initiative allows underprivileged Togolese to access electrical connections for a monthly fee of CFA1000 over a period ranging from 4 to 10 years.

Esaïe Edoh

The Tinga Fund, after successful trials in various parts of Togo, is now being introduced in the Maritime region. On Friday, April 26th, the Minister Delegate for Energy and Mines, Aziablé Mila, officially launched pre-financed electricity connection offers in Tsévié.

This initiative allows Togolese residents to access electricity for 1000 CFA francs per month over 10 years. Following the launch, the Togolese Electricity Company (CEET) entered into contracts with 700 individuals.

Mila Aziablé mentioned that the Tinga Fund has benefitted close to 300,000 people since its inception in April 2022. Additionally, plans are in place to expand the fund's coverage to all cantons in the Maritime region, including the construction of 240 km of electrical network in Tsévié.

The Tinga Fund is operational in the Savanes, Kara, Central, and Plateaux regions.

Ayi Renaud Dossavi

Tony Elumelu Foundation: Togolese women entrepreneurs have until May 5 to apply to the Women Entrepreneurship for Africa Program

In Togo, young women entrepreneurs and those with business projects have until May 5th to apply for the Women Entrepreneurship for Africa program, supported by the Tony Elumelu Foundation (TEF). 

This opportunity was introduced during an awareness session on April 24th by Full Success Africa Solutions (FSA-solutions). The program offers $5,000 grants to 1,000 African women entrepreneurs focusing on green projects.

The program, now in its second edition and open to all African countries, aims to boost the entrepreneurial skills of African women in the green sector by facilitating access to funding, market opportunities, and technical knowledge and training. Alphonse Logo, FSA-solutions manager, stressed that this program is inclusive and encouraged women with green projects to apply confidently.

Interested applicants can find application details on the TEFconnect.net platform, with required documents including identification, business registration certificate, official proof of business ownership, official proof of administrator existence, and official partner consent. The Tony Elumelu Foundation, based in Nigeria, has been supporting entrepreneurship in Africa for over 14 years by offering financial assistance and training to African entrepreneurs, including those from Togo.

Ayi Renaud Dossavi

The Regional Stock Exchange (BRVM) and the Global Green Growth Institute (GGGI) recently signed a memorandum of understanding to boost collaboration in promoting green finance across the eight UEMOA countries, including Togo. The signing ceremony, held on Thursday, April 25, 2024, was presided over by Ivorian Minister of Environment, Sustainable Development, and Ecological Transition, Jacques Konan ASSAHORE.

This agreement aims to facilitate the issuance of green, social, and sustainable bonds (ESG) and enhance the capacities of stakeholders in the regional financial market. Dr. Edoh Kossi Amenounve, CEO of the BRVM, highlighted that this initiative aligns with a broader strategy to encourage the use of financial instruments conducive to sustainable development in the UEMOA region. "In the face of sustainable development challenges, the BRVM has defined a strategy to encourage using appropriate financial instruments in the UEMOA. Its implementation has already resulted in the signing of a cooperation agreement with the Luxembourg Stock Exchange in 2022, as it is one of the global leaders in this field,"Amenounve said

The partnership involves tailored awareness and training programs for financial institutions, investors, market participants, and potential issuers to integrate sustainable financing practices and promote sustainable and green bond issuance. Dr. Kyung Nam Shin, Deputy Director General of the GGGI, stressed the significance of sustainability, innovation, and collaboration in driving positive change.

Togo officially joined the Global Green Growth Institute in November 2023.

Ayi Renaud Dossavi

The Togo Chamber of Commerce and Industry (CCI-Togo) is gearing up for new leadership. The Consular Electoral Commission (CEC) announced that candidate applications will open on May 2nd for 10 days. This follows the recent publication of the definitive voter lists.

This candidate submission phase marks a crucial step in a process started months ago to renew the CCI-T's governing bodies. The consular elections are part of a broader restructuring of the chamber, overseen by the executive, particularly the Ministry of Commerce.

According to sources, this initiative is expected to establish a more inclusive CCI-Togo, fostering representation from various commerce and industry stakeholders.

The CCI-Togo is led by a special delegation chaired by Nathalie Bitho. The delegation was set up after suspending the 2020 electoral process amid a dispute with certain economic operators. At the time, the CCI-Togo was led by Germain Mèba. 

Esaïe Edoh

Togo raised CFA32.9 billion on the Umoa securities market on April 26, 2024. The country raised the amount through a simultaneous issuance of Treasury Bonds (OAT) and Treasury Bills (BAT). Lomé’s target for the operation was CFA30 billion. 

According to the operation report, Togo collected CFA21 billion from the BATs issued with maturities of 364 days and multiple interest rates. The remaining CFA11.9 billion came from the OATs, which carry an annual interest rate of 6.15%, with a maturity of 3 years.

These funds were raised from 20 investors who bid CFA48 billion, representing a 160.26% coverage rate of the operation. Most of the proceeds - CFA25 billion - came from Togo and Ivory Coast.

Esaïe Edoh

Djobo-Babakane Coulibaley officially took over as head of the Constitutional Court on Sunday, April 28, following his appointment by presidential decree. The handover, overseen by Minister of Human Rights Pacôme Adjourouvi, marks a significant step in the country's institutional continuity.

The seat was occupied by Kouami Amados-Djoko, who served as acting president after the passing of the previous official president, Abdou Assouma.

"As I assume my duties, I realize the obligations and responsibilities because, by nature, a constitutional court is involved in the process of distribution, exercise, and transmission of political power," said Coulibaley.

Djobo-Babakane Coulibaley took over the day before the regional and legislative elections. More than 4.2 million Togolese are voting in the polls.

With nine members appointed for a non-renewable six-year term, the Constitutional Court plays a crucial role in the electoral process. It ensures the regularity of voting operations, handling any electoral appeals, and definitively validating the results. These responsibilities are essential to ensure elected officials' legitimacy and procedures' conformity with the current legal framework.

Djobo-Babakane Coulibaley assumes his new role at the helm of the Constitutional Court amid high expectations, as the new constitution adopted by the deputies awaits promulgation by the Head of State.

Fiacre E.  Kakpo

 

Togo’s land borders are closed today. The country holds its legislative and regional elections.

The Minister of Territorial Administration, Hodabalo Awaté, and Minister of Security and Civil Protection, Calixte Madjoulba announced the decision. The closure is to ensure security and a smooth electoral process.

In a joint statement, the officials urge border users and the public to cooperate for a peaceful election of deputies and regional councilors. The borders will reopen on April 30, starting from midnight.

Esaïe Edoh

Togo holds today its regional and legislative elections. Over 4.2 million people are voting to appoint 113 deputies (out of 2,352 candidates) and 179 regional councilors. 

The campaign took place from April 13 to 27. It was peaceful, despite various security concerns, in the North especially. 

The government financially supported involved political parties with FCFA650 million, showing its commitment to a transparent and fair electoral process.

12,000 gendarmes and police officers have been mobilized as part of the 2024 Legislative and Regional Elections Security Force (FOSELR 2024). The country's land borders will also be closed until the elections this night end at 11:59 PM.

Observation missions from ECOWAS, the OIF, the African Union, and civil society actors, are on the ground to monitor the voting and counting process and ensure transparency.

Preliminary results of this historic election are expected to be announced during the week.

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