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Over the past decade, the financing market for WAEMU countries has been extremely dynamic. But challenges remain.
The WAMU-Securities Agency held the second edition of its Sovereign Securities Day (JTS) in Lomé, on June 27. The annual event gathered several financial players of the WAEMU. This year, participants focused on the market’s development.
"For several years now, WAEMU States have...
The Ministry of Agriculture recently organized in Kpalimé (120 km from Lomé) a workshop on climate change adaptation. Targeting horticultural farmers, the workshop took place on June 25 and 26.
During the two days, agricultural technicians, NGO representatives, and experts from various institutions covered a wide range of topics. These included the selection of seeds adapted to changing...
Pius Agbetomey has recently been appointed Legal Affairs Advisor to the Togolese Presidency. He was appointed, via a presidential decree, as "Presidential Advisor for Legal and Judicial Affairs," with the rank of minister.
Agbetomey was the minister of justice until January 2024. He was replaced by Guy Mipamb Nahm-Tchougli.
Under Pius Agbetomey's leadership, the Ministry of Justice launched...
Construction works for a National Center for Emergency Operations (NEOC) began in Togo yesterday, June 26. The project aims to enable Togo to manage natural disasters better. It is the fruit of a collaboration with the U.S. Togo’s Minister of Security and Civil Protection, Calixte Batossie Madjoulba, launched the project alongside Alan S. Dohrmann, Major General of the North Dakota...
Rehabilitation works on the Lomé-Cotonou road are 80% done. The assessment was made by a delegation of officials and partners who visited the project’s construction sites on June 25. The Minister of Public Works, Zourehatou Kassah-Traoré, led the delegation. It also included representatives from the African Development Bank (AfDB) and the European Union (EU).
During the visit, Wilfrid...
Togo Showcases Performing Arts at Prestigious Grigny International Theater Festival
Togo is represented at the famous Festival de Théâtre International de Grigny in the Paris region until June 29, 2024.
The Atopani group represents the West African country at the event. The group is renowned for theatrical dance and other forms of artistic expression. "It's an important recognition for...
In 2022, tourists from the West African Economic and Monetary Union (UEMOA) countries spent 46 billion CFA francs in Togo. The figure was disclosed by the Union’s Central Bank, the BCEAO.
According to the source, Ivoirian tourists spent the most in Togo that year–CFA16 billion. They were followed by tourists from Burkina Faso (CFA12.7 billion) and Benin (CFA8.5 billion).
Conversely,...
Togo recently launched the Initiative for Climate Action Transparency (ICAT-Togo). Backed by the Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC), ICAT-Togo aims to consolidate the country's climate change achievements and improve the Reporting and Verification (MRV) framework, which assesses these achievements.
ICAT-Togo will improve Togo's greenhouse gas (GHG)...
In a move to address the high prevalence of cataracts in the country, Togo has launched a new public health campaign targeting the Lacs Prefecture in the southeast. The initiative, spearheaded by the Ministry of Health and Public Hygiene, aims to provide free cataract surgery for up to 2,000 people in the locality.
The campaign, launched at the Centre Hospitalier Préfectoral (CHP) d'Aného,...
Togo raised CFA32.11 billion on the WAEMU market on June 24. The country’s treasury secured the funds via a simultaneous issue of fungible bonds (OATs) and fungible bills (BATs).
In detail, CFA26.2 billion were raised via one-year BATs, while CFA5.9 billion were raised via 3-year and 5-year OATs, at annual interest rates of 6.15% and 6.40% respectively
It is worth noting that Togo’s...
In a move to strengthen ties between the two countries, Togo and South Africa have signed an agreement exempting holders of diplomatic and service passports from visa requirements. The measure, effective immediately, aims to facilitate mobility and cooperation between Togo and South Africa.
The Togolese and South African Prime Ministers, Robert Dussey and Naledi Pandor, expressed their shared...
Lomé has been hosting a meeting of the subregion's customs directors general since Monday, June 24, 2024, to discuss the deployment of the Interconnected System for the Management of Goods in Transit (SIGMAT) on the Abidjan-Lagos corridor. The work, which is part of the activities of the ECOWAS commission, aims to "discuss the deployment of SIGMAT in member countries," explained Piguendéléwè...
Togo’s Customs and Tax Office, the OTR, collected CFA207 billion in Q1 2024. This is 17% more than the amount collected in Q1 2023 – CFA176.8 billion. The figures are derived from the Tableaux des Opérations Financières de l'Etat (TOFE) for 2024.
The CFA207 billion was broken down into CFA108.6 billion secured by the tax department and CFA99.3 billion by the customs department....
Bank of Africa Togo, Sunu Bank, and the Ministry of Agriculture sealed on June 19, 2024, a deal to help Togolese farmers secure affordable loans and buy modern equipment. Funds provided under the deal will finance input purchase, mechanization, and irrigation systems.
BOA Togo will open a leasing line for 50 tractors and accessories over five years. Sunu Bank, for its part, will provide...
Togo’s technical and financial partners (TFP) injected nearly $3 billion into the country’s development projects between 2018 and 2022. The figure was disclosed on June 19, during a meeting between the Minister Secretary General of the Presidency, Sandra Ablamba Johnson, and some TFPs.
Socio-economic projects received particular attention, per the government's Togo 2025...
The Central Bank of West African States (BCEAO) will start testing on June 22 a new interoperable instant payment system covering all West African Economic and Monetary Union (UEMOA) countries. The Bank just announced the launch, stressing its importance for expanding financial services in the Union.
Instant"transactions"
The new payment system will be online 24/7. It will allow users to...