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Bank of Africa (BOA) Togo has provided €5 million (about CFA3 billion) to BKG Distribution, which sells agricultural equipment. The funding, announced last week, is part of a partnership established in May 2023 to help Togolese farmers buy agricultural equipment with more ease.
Under the deal, BKG Distribution will provide farmers with equipment like combines and tractors without...
SUNU Bank Togo, a subsidiary of the SUNU Group, is implementing a drastic restructuring plan to address ongoing financial difficulties. The plan includes branch closures, job cuts, and a tightly controlled recapitalization effort. These unfold amidst social tension and uncertainty.
When SUNU Group acquired Banque Populaire pour l'Épargne et du Crédit (BPEC) in 2017, the goal was to establish a...
Togo held its first-ever senatorial elections last Saturday, February 15. The ruling party, Union pour la République (UNIR), won the polls, securing 34 out of 41 seats. The Independent National Electoral Commission (CENI) disclosed the provisional results on February 14.
According to the source, the seven remaining seats were split among opposition parties and independents. The BATIR party won...
The National Sanitation and Public Health Agency of Togo (ANASAP) will soon an overhaul, which should help it handle its growing responsibilities better.
During its latest Council of Ministers on February 13, 2025, the government reviewed a draft decree to update ANASAP’s regulatory framework. Over a decade after its creation, the agency has shifted from being a consultancy and coordination...
Lomé has established the rules for distributing the Fonds d'Appui aux Collectivités Territoriales (FACT) for the 2025 financial year. This program aims to support the new regional councils and ensure local authorities receive proper funding.
Approved by the Council of Ministers on February 13, 2025, the funding plan includes a basic amount and additional funds to help balance resource...
Togo plans to create Regional Administrative Conferences (CAR) and Prefectural Administrative Conferences (CAP). The related project was reviewed during the Council of Ministers held on February 13, 2025.
These new bodies aim to improve coordination between the central government and local authorities, particularly in the regions. According to the Council of Ministers, CARs and CAPs will help...
The Togolese government is reforming the institutional framework of the Togolese Revenue Office (OTR) to align it with international standards. On February 13, 2025, the Council of Ministers adopted a bill to improve the governance and efficiency of the institution responsible for collecting tax and customs revenues.
The reform seeks to strengthen the OTR’s governance, optimize its Board’s...
Lomé will host the 10th Festival de l'Immobilier (FestImmo) from May 9 to 11. The Centre Togolais des Expositions et Foires (CETEF) Togo 2000 will host the major real estate fair.
Organizers announced the event at a press conference last week. FestImmo is a place where professionals, investors, and people looking to buy property can all meet.
“Real estate is an essential lever for...
The Togo-Vietnam partnership turned 50 on February 8, 2025. The two countries recently reflected on their friendship and explored new avenues to consolidate their ties.
The source, the Togolese Ministry of Foreign Affairs, says the relationship is "fruitful", adding that both sides share a mutual understanding of key global issues and support each other in various multilateral...
The Fourth International Crafts Market of Togo (MIATO) will run from April 23 to May 4, in Lomé. “Protecting handicrafts: issues and challenges” is the theme.
The fair will focus on raising craftsmen’s awareness of protecting their work and finding ways to achieve that goal. Burkina Faso is the guest of honor for the event.
Besides discussions, the event will feature exhibitions and...
Togo’s Chamber of Commerce and Industry (CCI-T) is introducing the latest tax reforms to SMEs active in the country. The Chamber launched a series of meetings in this framework on February 10. They are hosted across the country, including the capital.
At the end of the program, participating businesses should better understand tax issues, thus contributing to a more competitive business...
Togo is participating in the Artificial Intelligence (AI) Action Summit in Paris, France. Opened on February 10, 2025, the summit has gathered heads of state, researchers, companies, and civil society representatives.
Togo is represented by Cina Lawson, Minister for Digital Transformation. On February 11, Lawson spoke at a conference themed: "AI at the service of development: solutions for a...
Togo will send six film productions to the Festival Panafricain du Cinéma et de la Télévision de Ouagadougou (FESPACO), set to run from February 22 to March 1, 2025. The figure, a record, reflects a dynamic and expanding local film industry.
The selected films span a variety of categories, showcasing the breadth of Togolese talent. These include entries in critical review, series, animation,...
Togolese entrepreneurs can apply to the Tony Elumelu Foundation (TEF) startup funding program and get seed funding of $5,000.
Last Friday, a TEF awareness session was held to inform entrepreneurs who may be interested. The Ministry of Grassroots Development and Youth Employment, and the National Agency for Micro, Small, and Medium-sized Enterprises (MSMEs) backed the workshop....
Mila Aziablé, Minister of Water and Sanitation of Togo, was in the Plateaux region on February 3. She inspected two key water and sanitation facilities in the region: the Ohoundjè landfill site, in Ogou 1, and the Iwolobo water treatment center, in Amou.
The visit underscored the ongoing challenges in waste management in the region. Minister Aziablé lauded waste management practices in place...
Lomé seeks to become a major arbitration center in sea and financial disputes, joining big cities like London, Hong Kong, and Paris. Last week, from February 3 to 5, the Togolese capital hosted The Power of Lomé Arbitration Week (L.A.W). According to Martial Akakpo, who heads the Centre International d'Arbitrage et de Médiation (CIAM), the L.A.W supported the ambition.
Severa assets...