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The U.S. and Germany launched on 22 February 2024 a mechanism to curb the rising instability in the West African region, from the Sahel to the coastline. The mechanism, the Coastal States Stability Mechanism (CSSM), was launched in Lomé, Togo.
In Togo, the mechanism supports the Emergency program for the Savanes region (PURS). The latter is a State-led program covering the...
For its next issue on the WAEMU market, Togo targets CFA35 billion. Lomé will issue, simultaneously, fungible treasury bonds (OAT), and fungible treasury bills (BAT).
Both securities have respective nominal values of CFA1 million (BAT) and CFA10,000 (OAT). The former mature over 182 and 364 days and have multiple interest rates. The latter mature over three years at a rate of 6.15% per...
Worldwide, 20 countries are forecast to experience the strongest economic growth this year. Eleven of them are in Africa, and Togo is one of them. This was recently disclosed by the African Development Bank Group (AfDB) in a report titled "Macroeconomic Performances and Prospects of Africa". Togo, according to the report, could record a growth rate of 6% in 2024.
The ten other African...
The partnership between the World Health Organization (WHO) and Togo grew significantly between October 2018 and February 2024. Fatoumata Binta Diallo, Resident Representative of the WHO, made the statement on February 20, at the end of a meeting with Faure Gnassingbé, President of Togo.
Among other achievements, the WHO, according to Binta Diallo, has helped improve Togo’s health system, as...
Togo’s biggest export destination in Q4 2023 was India. In value, the exports to the Asian giant amounted to CFA80.1 billion. Quantity-wise, they represented 31.3% of Togo’s total exports over the quarter reviewed.
Burkina Faso followed India, with a share of 8.4% and a value of CFA21.6 billion. Next was Mali (7.4% for CFA19 billion).
France, the USA, and other neighbors...
Togo's...
The city of Doha, in Qatar, currently hosts the 2023 International Horticultural Exposition or Expo 2023. Togo was allotted February 17th during the event to showcase its assets in the horticulture sector.
On that day, Comlan Nomadoli Yakpey, representing Togo’s Minister of Trade and Craftmanship, Kayi Mivedor-Sambiani, pointed to Lomé’s efforts to improve agricultural productivity while...
Exports from Togo earned the country CFA256.4 billion in Q4 2023. The data was disclosed by the National Data Institute, INSEED.
Main export products
Over the period reviewed, "Petroleum oils or bituminous minerals" were the main exports. They generated CFA69 billion and represented 27.0% of quarterly exports.
"Natural calcium phosphates, natural alumino-calcium phosphates, and...
The Autonomous Port of Lomé (PAL) won the West African award for good corporate governance from Prudence Finance Solution (PFS) last week.
The award recognizes the PAL's commitment to social, financial, and security governance and risk prevention within the port platform.
According to Sylvie Acqueburu, president of the award's organizing committee, "This award is a tool for questioning and...
Victoire Tomegah-Dogbe, Togo’s Prime Minister, participated in the 37th African Union (AU) Summit held in Addis Ababa last week. The summit covered many important topics, such as the implementation of the AU’s 2063 Agenda, and Africa’s position on the global chessboard.
Victoire Tomegah-Dogbe also took part in a side event focusing on the potential of green wealth in Africa. Talking...
The ministers of foreign affairs of Togo and Turkey held a meeting in Germany last week. This was on the sidelines of the Munich Security Conference.
The officials reviewed the relationship between their respective countries, and how it has progressed since the Turkish President visited Lomé in October 2021.
The two foreign affairs ministers also looked into ways to bolster the...
Togo raised CFA27 billion on the WAEMU market last Friday. This was the country’s second issue in February–a simultaneous issue of fungible treasury bills and bonds (BATs and OATs).
The sum secured exceeds the target by CFA2 billion. In detail, Lomé obtained CFA21 billion through the BATs and 6 billion through the OATs. The former securities mature over three months at multiple...
Niger could soon supply diesel to Togo. Talks in this framework were recently held, according to a press release from the Nigerien Ministry in charge of Energy. The release referenced a meeting that took place on February 17, 2023, between the Ministers of Energy of Togo, Burkina Faso, Mali, and Niger.
Quoting the release, the Agence Nigerienne de Presse (ANP) reported that the meeting...
Last year, the port of Lomé handled around 30 million tonnes of goods. The figure was disclosed last week by the Togolese Minister of Maritime Economy, Edem Kokou Tengué. In 2022, the port had handled 29.7 million tonnes of goods.
In detail, goods imports stood at 8,912,225 tonnes in 2023, against 8,069,169 tonnes in 2022 (+10.45%). Exports reached 2,282,843 tonnes versus 1,657,324 tonnes in...
The IMF’s former resident representative in Togo, Sampawende Jules Tapsoba, has been appointed Deputy Chief Economist at Afreximbank. He will also be heading a new department dedicated to data management and model development at the bank.
Dr. Sampawende Jules Tapsoba has been appointed Deputy Chief Economist and Director of the Data Management and Model Development Department at the African...
The General Secretaries and Cabinet Directors of Togo’s ministries and institutions met yesterday, February 15 to take stock of the state of operation of the administration.
"The purpose of the meeting was primarily to, again, take stock with the Secretaries General and Cabinet Directors on the state of operation of the public administration, take note of suggestions made, discuss these...
India’s Embassy in Togo inaugurated a library at the University of Lomé yesterday, February 15. The library, named “India Corner”, aims to allow young Togolese students to know more about India.
The facility was inaugurated by Ambassador Sanjiv Tandon and Ihou Wateba, the Togolese Minister of Higher Education. It contains books covering India’s politics, economy, education, culture, and...