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Ecobank is, again, the Bank of the Year in Togo. The lender won the title for the fourth consecutive year, at the Banker Magazine’s Bank of the Year Awards for 2023 which was hosted in London, UK, on November 30.
The lender welcomed the title as proof of its commitment to excellence, reflected through its ability to generate returns, gain strategic advantage, and serve the Togolese...
The Togolese Minister for Investment Promotion, Manuella Santos, was in Vienna, Austria, last week. She met with Gerd Müller, Director General UNIDO. Together, they explored ways to reinforce the collaboration between the West African country and the UN’s organization for industrial development.
The meeting took place on the sidelines of the 20th session of the Organization's General...
Togo recorded more than 7,000 new cancer cases last year. The Ministry of Health unveiled the figure on December 5, 2023, while presenting its cancer register, a tool that should help the country better manage cancer.
On the same day, the ministry launched in Lomé various awareness campaigns on the registration of cancer cases.
"Given the burden that cancer currently represents, it...
The Finance Committee of Togo’s National Assembly is reviewing the country’s finance bill for 2024. Kicked off on December 6, the review will last a few days.
In detail, the Finance Committee is assessing the government’s financial projections to make sure they align with efforts to develop the social, environmental, political, educational, and economic sectors, for the people’s...
Togo could sign the agreement to launch the Millennium Challenge Corporation (MCC) Compact Program next year. This was disclosed by Kyeh Kim, MCC's Vice President for Operations, in a recent meeting with Togolese Prime Minister Victoire Tomegah Dogbe.
"Our partnership with Togo is excellent, and the team working here is on schedule. Togo is truly a model for other countries in the...
Lomé is hosting the 24th ordinary session of the General Assembly of the UEMOA Regional Consular Chamber, a consultative body that ensures dialogue between UEMOA and the community’s major businesspeople. The meeting began on December 5 and will end on December 7.
Some of the meeting’s goals include taking stock of the implementation of the recommendations of the last Assembly,...
The 9th Pan-African Congress will take place in Lomé, Togo, from October 22 to October 25. The schedule was disclosed yesterday, December 5, in Pretoria, SA, by Togo’s Minister of Foreign Affairs, Robert Dussey.
The congress will bring together Africans from the continent, the diaspora, and Afro-descendants around the theme of the renewal of pan-Africanism and Africa's place in global...
French Group Meridiam will build a 64 MWp photovoltaic solar plant in Sokodé, central Togo. The group sealed the deal with the Togolese government and EDF, on Dec. 4 in Dubai.
Under the agreement, Meridiam will fund, design, build, and operate the plant for 25 years.
During the #COP28, #Meridiam, the Rep. of #Togo and @EDF have recently signed a concession agreement for the...
The Golfe 5 municipality of Togo adopted its budget for 2024 yesterday, December 5. The municipality, located in Greater Lomé, plans to spend a little over a billion CFA next year–CFA776 million for operations and CFA317 million for investments.
With the budget, which is provisional, the municipality intends to build and equip basic socio-collective and educational infrastructures,...
Three Togolese municipalities inked a parametric insurance agreement with AXA Climate, a subsidiary of Howden, the London-based broker. The three municipalities are Golfe 1, Golfe 7, and Kloto 1. Sealed in Dubai, on Dec. 4, on the sidelines of the COP28 summit, the deal will be implemented by AXA Climate and PADIE, a Togolese NGO that is committed to environment-friendly integrated...
Pan-African airline Asky expects its passenger traffic to reach 1,120,000 by the end of the year. Daté Tevi-Benissan Martial, acting commercial director of the Lomé-based carrier, disclosed the forecast to the Togolese press last week. According to the executive, the figure was standing at 1,000,300 on November 26, 2023, from the beginning of the year.
The company currently serves 26...
Togo will expand the production capacity of its Blitta PV plant (located 260 km from Lomé), by 30MWp. UAE-based AMEA Power will finance the extension, in line with a deal it signed with Togo on December 2, 2023, in Dubaï. The deal was signed on the sidelines of the ongoing COP28 summit.
Besides the added capacity, AMEA will provide the plant with another battery with a minimum storage...
The West African Development Bank (BOAD) launched its Climate Evaluation Fund (CEF) on December 4, 2023. Through the Fund, the Bank will boost financing in green projects across the WAEMU States. The new vehicle was launched in Dubaï, UAE, on the sidelines of the COP28.
On the same day, the BOAD secured a €15 million subsidy package from the French Development Agency (AFD). The...
Agence Française de Développement (AFD) will pump about CFA35 million into nine (9) environmental projects in the Greater Lomé District, Togo. The sports associations and federations behind the projects were revealed last Wednesday by the Autonomous District of Greater Lomé (DAGL).
The projects, filtered through a call for projects, aim to get the people of all 13 communes of the Greater...
The Togo-Kazakhstan cooperation will be 10 years old in 2024. Ahead of the anniversary, the leaders of both countries recently met in Astana, Kazakhstan.
The two presidents, during the meeting, talked about boosting cooperation between their countries, on the political, commercial, economic, cultural, and humanitarian fronts, especially.
"We have enormous opportunities to give new...
Togo recorded an inflation rate of 6.0% in October 2023, against 6.2% the month before. The data was published by the country’s Institute for Statistics, Economic and Demographic Studies (INSEED). The general price level in October decreased by 2.0% compared to July 2023, quarterly. This is mainly due to the regression of the "Food products and non-alcoholic beverages" consumption function...