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A Cameroonian app, Koree, won the 6th edition of the Ecobank Fintech Challenge. Koree stood out among more than 1,490 fintechs in the competition.
Founded and headed by Magalie Gauze-Sanga, Koree aims to solve the small change issue in Francophone Africa. Right behind the Cameroonian app were Makuta (Democratic Republic of Congo) and Flexpay (Kenya), second and third, respectively. The...
In Togo, the health authorities started distributing long-lasting impregnated mosquito nets (LLINs) last Saturday, October 7. The campaign, the fifth of its kind, will end on October 18. A total of 6,547,600 LLINs will be distributed, door to door.
The new campaign aims to reduce deaths by malaria, according to Wotobe Kokou, Secretary General of the Ministry of Health. "One thing is to have the...
Togo and three other West African countries will share €200 million which they will receive as part of the second phase of Agence Française de Développement's (AFD) Choose Africa initiative. According to the AFD, the money will target the informal sector, as well as SMEs and startups. It will run from 2024 to 2027.
The funds should serve in setting up public mechanisms to support...
Ecobank Togo just opened, through the Sephis Foundation, a CFA1 billion credit line for Togolese businesswomen. The investment aims to boost female leadership in the country, where over 32% of businesses set up last year were set up by women.
The financing agreement was signed on October 4, by the lender’s managing director, Souleymane Touré, and Sefora Kodjo, president of the SEPHIS...
The Arab Bank for Economic Development in Africa (BADEA) will back Togolese SMEs with CFA10 billion. The Bank and the government sealed the deal on October 3, in Lomé, during the Africa SME Champions Forum.
Sani Yayi and Sidi Ould Tah, respectively the Togolese minister of finance and the BADEA’s managing director, signed the agreement.
According to Yaya, the CFA10 billion is paired with...
The Presidents of Togo and Kazakhstan, Faure Gnassingbe and Kassym-Jomart Tokayev had a phone call yesterday, October 3. The two leaders talked about deepening their cooperation, in sectors like trade, investments, transport, logistics, and agriculture.
Le Président de la République, @FEGnassingbe a eu entretien téléphonique avec son homologue de la République du Kazakhstan, @TokayevKZ,...
As part of the U.S. food aid program, over 200 schools in Togo will get support to feed students. Deployed on the ground by Baltimore-based Catholic Relief Services (CRS), the initiative targets nearly 155,000 students (154,675), providing them with daily meals, for five years.
Over the period, the U.S. will ship more than 5,000 tonnes of vegetable oil, peas, rice, and cornmeal to Togo. Local...
Togo's updated score on the World Bank's CPIA 2023 report could enable the country to secure more funds from the Bank. This is according to Fily Sissoko, Resident Representative of the lender in Togo.
"This is an extremely important score because it also allows us to mobilize even more resources," said Fily Sissoko. Moreover, "This score far exceeds the World Bank's IDA country average...
The ECOWAS Bank of Investment and Development (EBID) currently evaluated several projects for Togo. The Bank’s president, George Agyekum Donkor, made the statement on October 2, after a board meeting of the EBID.
"Togo will get a fair share of our resources once the projects are ready and have gone through the credit process. We have a list of projects for Togo, and these projects are under...
Enselme Gouthon is the new president of the International Coffee Organization (ICO). The Togolese was appointed last Friday, September 29, during the 5th World Coffee Conference in India.
With 40 years of experience in the coffee industry, Gouthon takes the place of Max Massimiliano Fabian. Some of the challenges that the ICO’s new president will face include ensuring the sector’s...
The US will support several rural organizations in Togo, via its Self-Help program and Resilience Fund. The support, totaling CFA100 million, was recently revealed by the US Embassy in Lomé.
According to the embassy, under the Self-Help program, 19 organizations will receive CFA43.4 million (or $70,000). The program aims to improve the living standards of rural people across the country,...
The Togolese Ministry of Housing and Urbanism wants to set up a land brigade to fight double land sales, which is the illegal practice of re-selling land that has already been acquired. The project was disclosed last week during a meeting between some of the sector’s actors and the board of the Togolese Surveyors’ Order (OGT).
"Together with the other departments, we want to help...
Togo has made significant progress in implementing its cooperation program with the European Union for the period 2021-2023. This was one of the conclusions of the recent review of the EU's portfolio in Togo. Chaired by Sandra Ablamba Johnson, Minister, and Secretary General of Togo’s Presidency, the meeting took place on September 26th.
The review, according to the Togolese Presidency,...
Togo is a must-see destination for tourists, according to Kossi Gbégnon Lamadokou, the country’s Minister of Culture and Tourism. The official made the statement last Wednesday, September 27, 2023, on International Tourism Day.
"We can proudly claim that Togo is becoming a must-see destination at the sub-regional level," said Lamadokou. He backed his claim with the number of tourists...
During its last Council of Ministers held on September 27, the Togolese government examined and adopted a decree to build a university in Datcha, Plateaux region (120km from Lomé). This is part of a bigger project to provide each of the five regions of the country with a public university.
The project aims to “improve the quality of higher education and provide training pathways with a...
A total of CFA13.3 billion has been spent in northern Togo since June 2022, as part of the COSO social cohesion project. Backed by the World Bank, this project covers all northern regions of the Gulf of Guinea, with the goal of fighting poverty appropriately.
According to the National Agency for Grassroots Development (ANADEB), which steers the project in Togo, it has helped build 50...