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The government of Togo is restructuring its National Solidarity Agency (ASN). The Council of Ministers reviewed and issued a decree to this end on February 8. This decree is the seventh issued to restructure the Agency for more efficiency.
Among others, the new decree will enable the ASN to implement reforms that will bolster its actions in the field. It will also allow the Agency to have...
Togo and the International Monetary Fund (IMF) are still in talks over the deployment of the next Extended Credit Facility (ECF). The deal for the package was sealed last December.
According to the agreement, Lomé should receive $390 million from the Bretton Woods institution over 42 months (3 and half years). Togolese authorities plan to use the funds to consolidate their...
Togo will carry out its next issue on the West African Economic and Monetary Securities Market (UEMOA Titres) on February 16, 2024. The Togolese Treasury will seek CFA25 billion through the operation, a simultaneous issue of fungible bonds and bills (OATs and BATs).
In detail, Lomé will seek CFA10 billion via the BATs and CFA15 billion through the OATs. The former have multiple interest rates,...
Togo will hold its next regional and legislative elections on April 13, 2024. The government set the date during its latest Council of Ministers, on February 8.
According to the Council’s report, the electoral campaign should begin on March 28 and end on April 11. Members of the national security forces will vote on April 10, according to the same source.
For the coming elections,...
The Togolese government will set up a security task force to ensure that the coming regional and legislative elections are smooth. The Council of Ministers adopted the decree establishing this task force, known as the FOLSER, on February 8.
The FOLSER regroups members of the National Police, the National Gendarmerie, and the Operational Reserve. They will be deployed across the country...
Togo recorded a fish output of 24,229 t in 2023. This is 30% more than in 2020 –18,658 t. The figure was disclosed by the Ministry of Fishing and Maritime Economy.
Last year, 15,700 t of fish were caught using artisanal means, against 11,711 t in 2020 (+34%), and 128 t through maritime trawling (against 85 t in 2020).
Meanwhile, inland fishing production rose from 6,132 tonnes to 6,734 in...
Togo received a new rice shipment from Japan yesterday, February 7th. The shipment, a donation, was received by the Ministry of Agriculture. Worth 250 million Yen (about CFA1.2 billion), it is part of the "Kennedy Round " (KR) food aid program.
The Japanese rice will help bridge Togo’s structural deficit and make the staple available on the local market at a cheap price, thereby improving...
Nunya Lab, the State-owned incubator, just launched a program to support local young entrepreneurs and MSMEs in line with the African Continental Free Trade Area (AfCFTA).
Only entrepreneurs and SMEs with an innovative service or product can enroll in the program.
The program will help the incubated validate their product or service, tackle marketing issues, be more competitive, and...
Togo and 11 other African countries just launched, on February 6, a program to foster volunteering across the continent. The program, known as the Development of National Volunteer Ecosystems in Africa (DENVA) was launched in Lomé, Togo.
The Togolese Volunteer Agency, ANVT, and France Volontaires designed the program. Besides facilitating volunteer movement across the 12 partner States,...
CAMEG Togo, the country’s body for generic drug purchases, will receive CFA1.5 billion from the government. The move, which aligns with Lomé’s Universal Healthcare project (AMU in French) was disclosed by the Minister of Health, Prof. Moustafa Mijiyawa.
The official claimed the additional financing would “broaden the CAMEG’s capacity to secure drugs.” He issued the statement last...
Togo should spend CFA19 billion on local environmental protection projects this year. The figure, a provisional budget, was set under the 2024 finance bill.
Top officials from the Ministry of Environment held a meeting last week in Aneho (30 km East of the capital, Lomé) to discuss the budget and its management.
Participants reviewed the Ministry’s goals for the year and drew...
Togo recently joined the Organization of American States (OAS) as a Permanent Observer State. Frederic Hegbe, Togolese Ambassador to the U.S., presented the related credentials to the OAS Secretary General, Luis Almagro, on January 26, 2024.
I received credentials from Ambassador Frédéric Edem Hegbe, Permanent Observer of Togo to the OAS. We discussed Togo’s role as new Permanent...
The Soccer Federation of Togo (Fédération Togolaise de Football, FTF) approved its budget for 2024 on February 2024. The budget amounts to CFA3.6 billion.
It is 12% more than the 2023 budget and 22% more than the 2022 budget. The past two budgets stood at CFA3.2 billion and CFA2.7 billion, respectively.
According to the Federation’s executive committee, the 2024 budget will help build...
The Ministry of Energy of Togo has been allocated a provisional budget of CFA57 billion under the 2024 finance bill.
With the funds, the Ministry will accelerate existing projects aimed at achieving universal access to power in Togo. In detail, the money will finance the CIZO off-grid project, the PRAVOST (which is the social component of the CIZO), the Tinga project, and various mini-grid...
In Togo, the government allowed Canadian firm Logistik Unicorp to build a military and professional clothing factory in Datcha, in the Plateaux region.
The factory will cost the Northern American company $2.2 billion.
The project was first announced in 2019. The plant was supposed to be built at Adetikopé, in the Lomé area. Logistik Unicorp had even set up Logistik Unicorp -...
The government of Togo plans to bail out the Union Togolaise de Banque (UTB), a State-owned lender. According to the country’s 2024 finance bill, Lomé will invest CFA13 billion in the rescue mission.
Besides this investment, the government announced a CFA66.9 billion allocation to buy the bank’s branches. Lomé will use some of the money to buy back other infrastructure from UTB and IB...