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Dr. Sandra Johnson, Minister and Governor of the World Bank in Togo, granted an audience to some of the institution’s representatives on December 12. Among them was Andrew Dabalen, Chief Economist for Africa at the World Bank. So was Pia Peeters, Social Inclusion Sector Director for East and Central Africa at the World Bank, and Fily Sissoko, the Bank's Resident Representative in Togo.
The...
Togo hosted on December 12, 2023, a top-level meeting aimed at fostering African economies’ digitization. It gathered several local digital experts, officials, and experts from the World Bank.
During the meeting, which was announced by Togo First, Cina Lawson, Togo’s Minister of Digital Economy, underscored the country's ambitions and prospects regarding digitization, through startup support...
Bank of Africa Togo and Neemba (formerly Togo Equipement) recently teamed up to support SMEs active in Togo’s construction, mining, and energy sectors. The two inked the related financing agreement in Lomé, on December 12.
Under the deal, BOA Togo will lend money to local SMEs to buy equipment from Neemba. The deal spans one year, renewable.
"This day marks an important start for...
UNESCO launched a four-month training program for Togolese artists. Launched on Dec. 12 in Lomé, the program will cover all five regions of the country. It aims to help the artists better appropriate their rights and earn from their work.
"On the ground, a two-day training course will be delivered in all regions of Togo. This training will be provided by experienced trainers and will be...
The 18th Fair of Lomé ended Sunday, December 10, with more than 580,000 visitors. The event was hosted at the Centre Togolais des Expositions et Foires de Lomé (CETEF).
According to the fair’s organizers, the number of visitors recorded this year was a record and was almost twice the number recorded at the last edition (325,000 visitors).
The number of visitors was obtained from the...
The Togolese subsidiaries of Pan African bank Ecobank and South Korean car maker Hyundai jointly launched a car financing offer on December 12, 2023. The offer targets employees, SMEs, and SMIs.
Thanks to this agreement, Ecobank customers or not, individuals or legal entities, can acquire Hyundai cars and pay for them using a repayment formula spread over up to 48 months, with a rate...
A project for a Nana-Benz museum is in the pipeline in Togo. The museum will be housed in a colonial building that will be renovated and expanded. The Ministry of Tourism and Culture, which steers the project, just launched a contest to select the best architectural ideas for these works.
Solo architects, architect firms, and architect associations with a presence in Togo and other eligible...
Togo seeks CFA6 billion to better tackle climate change. Foli-Bazi Katari, the country’s Minister of Environment, unveiled the financial needs a week ago in Dubaï. This was during the meeting for the Nationally Determined Contributions (NDC) of African countries, held on the sidelines of the COP28.
According to the Ministry of Environment, Togo will use the funds to mitigate climate...
The World Bank holds today, December 12, a dialogue on investing in digitalization in Africa. Hosted at the 2 Février Hotel in Lomé, the event is themed "Investing in productive, inclusive and secure digitalization". It is moderated by Cina Lawson, Togo's Minister of the Digital Economy and Digital Transformation, among others.
Other moderators include Fily Sissoko, Resident Representative in...
Togo holds today a workshop to validate the draft bill on the urban planning and construction code. The workshop is held in Kara, northern Togo.
The bill is being examined by local urban development stakeholders, from the public, private, and civil sectors. If necessary, the workshop’s participants will recommend modifications to improve the bill.
Started two years ago, the...
The Coordination Togolaise des Organisations Paysannes et de Producteurs Agricoles (CTOP) and the Union Tunisienne de l'Agriculture et de la Pêche (UTAP) signed a Memorandum of Understanding (MoU) on December 8, 2023. The MoU aims to boost family farming and promote sustainable development in Togo. It will run until 2028.
The deal results from several meetings supported by GIZ as part of the...
The Economic Community of West African States (ECOWAS) picked President Faure Gnassingbé to mediate talks with the new government in Niger. Gnassingbé was appointed at the 64th ordinary session of the ECOWAS.
As a mediator, the Togolese leader will help resolve the various issues that arose following the Coup that happened in Niger on July 26, 2023. The presidents of Benin and Sierra Leone...
The International Monetary Fund (IMF) will provide Togo with a 42-month financing of $390 million under a new extended credit facility program (ECF).
According to the IMF, the deal, recently signed by the two parties, aims to help Togo meet its urgent spending needs while fostering economic stability and social inclusion.
The agreement was signed after an IMF team visited...
In Togo, the government recently provided rural women with CFA100 million of farming equipment. The first donation took place last Thursday, Dec. 7, in Lomé. The Minister of Social Action carried out the symbolic handover.
In detail, the equipment includes tricycles, egg incubators, motorized condiment mills, palm kernel crushers, and soybean threshers. Overall, 78 cooperatives and...
Togo added Mali to its list of free-roaming partners last week. The deal was signed on December 9 by the two countries’ telecom regulators.
Under the free-roaming agreement, cell phone users traveling in both countries can receive no-cost calls in the first 30 days of their stay. Furthermore, the per-minute cost of local calls and call back to home stand at CFA79 and CFA150,...
Lomé-based Ecobank Transnational Incorporated (ETI) secured last week a $200 million loan for sustainable development. The Pan African group signed the deal with a European consortium led by Proparco, and including Norfund, DEG, FMO, and EFP.
The agreement was signed in Dubai, on the sidelines of the COP28. It is the Ecobank’s first sustainable development loan.
"The signing...