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Throughout the first half of the year, Togo’s budget expenditures stood at CFA846.21 billion. According to the General Directorate of Budget and Finance (DGBF) that disclosed the figure in its "Rapport d'exécution du budget de l'Etat à fin juin exercise 2023", it is 22.84% more than the State spent over the first six months of 2022–that is CFA632.06 billion.
According to the report, the...
Last weekend, Togo's Comité de réflexion sur la stratégie intégrée de lutte contre la drogue et les substances psychoactives chez les jeunes (Committee for Reflection on the integrated strategy to combat drugs and psychoactive substances among young people) announced several measures to protect the country's youth against addictions. The measures include air and land border controls, and...
Togo hosted the first Youth Delivery Lab (YDL), a roundtable dedicated to the Togolese youth, last Saturday, September 9. Organized by the Youth for Youth Association (Y4Y) and chaired by the minister, secretary general of the Presidency, Sandra Ablamba Johnson, the event gathered more than 500 young people.
The meeting’s theme was "Transforming Local SMEs into National Champions: key...
Togo secured a €35 million loan from the French Development Agency (AFD) to continue its coastal protection works along the 7km-long axis going from Gbodjome to Agbodrafo.
The related agreement was inked last Friday, September 8, by the Togolese minister of finance, Sani Yaya, and France’s ambassador to Togo, Augustin Favereau. Several important figures were present, including the...
The Islamic Development Bank (IsDB) has approved a €128.17 million financing for Togo, to fight coastal erosion. The Bank’s Board approved the facility during its 352nd meeting held on September 9, in Jeddah, Saudi Arabia.
No additional detail regarding the funding has been disclosed so far, but it adds to similar facilities provided by the AFD (€35 million) and Invest...
The Women Unions Federation of Kozah (FUGFK) in northern Togo loaned CFA106.4 million to its members in 2022. The Federation disclosed the figure last week, during its general ordinary assembly.
According to the FUGFK, the total amount breaks down into CFA75.3 million for commercial activities and CFA31.1 million for farming activities. Overall, the Federation approved 71% of the loan...
Lomé will host the 8th Africa SME Champions Forum on October 5 and 6. Organized by a Togolese, Didier Acouetey, CEO of AfriSearch, the forum aims to support SME growth in Africa. It is a platform for sharing ideas, collaboration, and exploring new opportunities for SMEs.
About 500 participants are expected this year. They include experts, business leaders, financial...
From the beginning of the year to August, revenues mobilized by the Togolese Revenue Office (OTR) stood at CFA648 billion. That is about 71% of its target for 2023, which is CFA912 billion. The OTR disclosed the progress on September 11.
Over the past eight months, the OTR surpassed its previous year's result by 109%, with a growth of 12%. According to the Office’s Commissioner General...
The Togolese Minister for the Promotion of Investment, Rose Kayi Mivedor, is in Dar es Salam, Tanzania. She is attending Africa’s Food Systems Forum 2023 (AGRF) which started on Tuesday, September 5, and ends today, September 8.
Mivedor, on Thursday, told the forum’s participants about business opportunities available in Togo. Among others, she said her country positions itself as West...
The works to rehabilitate the 10 km-long road going from Avepozo to Togokome are complete. The Minister of Public Works, Zourehatou Kassah Traore, visited the site on Wednesday, September 6.
The Minister, on the occasion, noted that the completed works met the specifications imposed. CRBC and Soroubat, respectively a Chinese and Tunisian firm, were in charge of these works.
"We have...
The Network of African Women Ministers and Parliamentarians, Togo section (REFAMP-Togo) held a General Assembly on September 6, 2023. The meeting was chaired by Prime Minister Tomegah-Dogbe.
During the talks, Togo’s female officials and deputies discussed current issues faced by the country and explored ways to better integrate women in decision-making processes and ensure their full...
The Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO) raised, again, its benchmark interest rate. Effective on September 16, the rate will increase from 3% to 3.25%. The change was announced on September 6, after the regular meeting of the Apex Bank’s Monetary Policy Committee (MPC).
The Committee explained that the rate was increased amid "rising regional uncertainties, persistent...
Stakeholders of the Togolese organic soybean sector and the country’s financial partners and institutions held a meeting on September 6 to discuss the sector’s challenges and how to tackle them.
The meeting was hosted in Atakpame, 150 km from Lomé, the capital. It was organized by Jonction de Croissance Agricole of Togo (JCAT) and the FAO.
The roundtable, according to Oyetounde...
In partnership with the Pierre Fabre Foundation, the Ministry of Health of Togo, has launched a project that will enhance prenatal consultations in the country. The project was launched on Tuesday, September 5, in Lomé.
According to the ministry, the project will enable expecting mothers to have consultations remotely.
The new initiative, which leverages digital technology, will...
Togo’s National Assembly has kickstarted its budgetary session, which will last four months. A solemn ceremony marking the deliberations’ start was held on September 5, at the Assembly’s headquarters.
During the session, deputies will mainly assess the 2024 Finance Act and discuss its adoption.
13 Legislative Proposals in the Pipeline
Apart from the main budgetary focus, the...
Togo just launched another simultaneous issuance of fungible treasury bills (BATs) and bonds (OATs) on the stock market of the West African Economic and Monetary Union (WAEMU). The country hopes to raise CFA30 billion through the operation.
The BATs have a nominal value of CFA1 million, multiple interest rates, and a maturity period of 364 days. As for the OATs, their nominal value...