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Togo's external debt continues to offer more favorable financing conditions than its domestic debt. According to the latest data from the Ministry of Economy and Finance, the average interest rate on external debt was 1.58% at the end of 2024. In contrast, debt contracted on the regional market carried an average rate of 6.65%.
This cost difference is explained by the nature of Togo’s external...
Highlights:
• New facility spans 600 m² with a 540-tonne storage capacity• Equipped with ventilation, leak detectors, fire-fighting, and surveillance systems• The project aims to enhance safety and environmental protection in the chemical sector
A modern and safe warehouse for storing chemical products was recently inaugurated in Cinkassé, northern Togo. Eco Business developed the...
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• The program was validated on July 18 in Défalé, Kara region• It targets local actors: agents, teachers, youth, and community leaders• The GEF, UNDP, and the Togolese government backed the initiative
In Togo, a training program promoting sustainable management of land and forest ecosystems was validated on July 18 in Défalé, Doufelgou 2 commune (Kara region).
The...
Highlights:
• Bidding closes on September 5, 2025. Work to begin in November• Project to benefit over 35,000 people and create 600+ jobs• Part of Togo’s push for universal electrification by 2030
Togo has recently launched an international tender to electrify 172 rural communities as part of its national initiative to expand access to energy. The project is steered by the Ministry of...
Togo advances the renovation of Kara University Hospital Centre (CHU) with 35% of work done by June 2025. President of the Council Faure Gnassingbé visited the project site on July 21 to assess progress and consult contractors. This visit followed a recent inspection by the country’s Health Minister.
Dans le cadre du suivi rapproché des projets structurants de la Feuille de route...
Togolese businesses and the state primarily drove bank credit demand in 2024, according to the latest BCEAO report on banking conditions in the West African Economic and Monetary Union. Non-financial corporations received 658.3 billion CFA francs in bank credit, an increase from 2023, making them the top source of demand.
The state followed, receiving 133.1 billion CFA francs. This was an...
Togo’s medical council is preparing legal action against dozens of doctors accused of practising without licenses, its president said last week.
Dr. Békéti Katanga Anthony, recently reappointed for a four-year term as President of the National Order of Doctors of Togo (ONMT), announced the move as part of a broader push to clean up the country’s healthcare sector.
The ONMT has identified...
SUNU Bank Togo's management states the bank has entered a new phase of stabilization and strategic refocusing after a 2024 marked by social tensions. The banking subsidiary of the SUNU Group, which has historical roots in insurance, is now working to move past a crisis inherited from its takeover of BPEC.
In February 2025, the bank began a restructuring effort. This involved closing seven...
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First-of-its-kind for Francophone West Africa: Togo to voluntarily undergo IMF-led Governance Diagnostic Assessment (GDA), with results due by end of 2025.
Key focus areas: Anti-corruption, budget transparency, public procurement, and asset declarations of officials.
Linked to ECF program: Part of broader reform agenda under the $400M Extended Credit Facility approved in...
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In 2024, Banque Atlantique Togo mobilized nearly CFAF 12 billion in FAGACE-guaranteed operations.
The bank was awarded “Best Partner” for the 2024–2025 financial year at a regional ceremony on May 16 in Lomé.
FAGACE’s interventions secured over CFAF 215 billion across West and Central Africa in 2023.
Banque Atlantique Togo (BAT) has been named Best Partner of the...
In Lomé this week, Togo kicked off its journey toward building a national agricultural insurance system. Farmers, insurers, policymakers, and international partners came together for a two-day consultation designed to lay the groundwork for a new insurance model tailored to local realities.
The gathering, spearheaded by the Ministry of Agriculture, marks the start of a participatory process...
Lomé’s Gnassingbé Eyadéma International Airport (AIGE) officially inaugurated two new parking bays for wide-body aircraft, code E, on Wednesday, July 16, 2025. The ceremony included several aviation sector stakeholders, notably China’s ambassador to Togo, Wang Min.
The Chinese company Witek constructed the 35,481 square meter facility at a cost of approximately $6.5 million. It will...
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National BAC II pass rate jumps to 72.63% in 2025, from 46.71% in 2024.
Over 100,000 candidates took the exam, marking a 30% year-on-year increase.
Education reforms and a stable academic year credited for the improvement.
Togo’s national pass rate for the 2025 BAC II (Second Phase of the Baccalaureate) exams rose sharply to 72.63%, up from 46.71% in 2024, according to...
Highlights:
Two new Code E aircraft aprons inaugurated at Lomé’s AIGE airport.
$6.5 million project executed by Chinese firm Witek.
Part of Togo’s 2025 roadmap to strengthen Lomé’s position as a regional hub.
Togo has inaugurated two new parking aprons for wide-body aircraft (Code E) at Lomé’s Gnassingbé Eyadéma International Airport (AIGE). The ceremony, held on...
Nearly three months after his inauguration, Togo’s new President, Jean-Lucien Savi de Tové, began his official duties on July 15, 2025. He welcomed a delegation from the National Council of Traditional Chiefs of Togo (CNCTT) to the Presidential Palace.
The group, led by CNCTT President Sama Kouya Batcharo, chief of the Kpinzindè canton, visited Savi de Tové to congratulate him on his...
Togo's term deposits significantly rebounded in 2024, rising 15.7% from 2023 to 1,246 billion CFA francs, according to BCEAO data. This growth ended a downward trend that began after a 2021 peak of 1,458 billion CFA francs.
A term deposit is a sum placed in a bank for a fixed period in exchange for a fixed interest rate. This product serves as a financing tool for banks while offering a secure...