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Launched last March, the project to build 21 modular steel and concrete composite bridges across Togo’s five economic regions was 44.9% complete by the end of 2024. The Ministry of Rural Roads provided the update.
According to initial projections, the project should take 36 months to be completed. However, it is progressing faster than expected.
Costing CFA65 billion, the project is...
Togo’s tax authority, the OTR, should collect CFA1,210 billion in revenues this year. Philippe Kokou Tchodié, the OTR’s boss, disclosed the forecast last weekend during a staff meeting.
The projection is 8% more than the 2024 target–CFA1,113 billion. The funds, Tchodié said, will support the 2025 State Budget, which stands at CFA2,397 billion. The money collected by OTR will help...
The Togolese government has asked the International Monetary Fund (IMF) to review its governance. This “governance diagnostic” aims to find weaknesses in public institutions and improve transparency, which is important for attracting private investment as Lomé works to boost its economy.
“A diagnostic assessment of governance by the IMF would be highly beneficial, as it would provide a...
February
Global Shipping Leaders Join Adétikopé Dry Port
In February 2024, the Plateforme Industrielle d'Adétikopé (PIA) welcomed several prominent players from the shipping industry. Edem Kokou Tengue, then Togolese Minister of Maritime Economy, announced this significant development on February 28. Notable companies such as MSC (Italo-Swiss), MAERSK (Denmark), CMA CGM (France), PIL...
The agriculture sector has recorded several developments in 2024. Key highlights included increased funding for food security, support for producers, a record cereal harvest, and ongoing efforts to transform value chains through agropoles. Find below a recap of the year.
Government Allocates CFA13 Billion to Bolster Food Security
At the start of 2024, the Togolese government allocated CFA13...
The Chamber of Commerce and Industry of Togo (CCI-Togo) celebrated on December 31, 2024, the Togolese winners of the 3rd edition of the "Tremplin Startup WAEMU" competition. This edition was held under the theme: "Creative and digital marketing at the service of cultural and creative industries."
Although Togolese entrepreneurs did not win any prize for excellence, three projects were rewarded...
There were many developments in Togo’s education and training sectors last year. Find below the top five.
Strict Ban on the Use of Cell Phones in Schools
On September 5, 2024, an interministerial note issued by Ministers Dodzi Kokoroko (Primary and Secondary Education) and Isaac Tchiakpe (Technical Education and Vocational Training) formally prohibited the use of cell phones for students in...
In Togo, things moved a lot in 2024 in the energy and mining sectors. The country took on new solar projects, sealed strategic partnerships, and launched various initiatives to power the economy. In this article, find some of 2024’s highlights.
Forecast Energy Budget of CFA57 Billion
In 2024, the Togolese government allocated CFA57 billion for the energy sector. This funding supported...
Togo is implementing new rules for SIM card registration. A government decree issued on December 26, 2024, mandates that all users of electronic communication services must be identified before accessing these services.
ControlledSIM Sales
The sale of pre-activated or pre-identified SIM cards is now banned. Additionally, users can hold a maximum of three SIM cards per operator.
Telecom...
Togo should have held its first senatorial elections on 2 February 2025, but the polls have been postponed to an unspecified date. The Council of Ministers announced this change on December 26, 2024.
It was the Cadre Permanent de Concertation (CPC), a coalition of political parties, that suggested the postponement. They requested more time to submit candidacies, which were due by December 23,...
Togolese President Faure Gnassingbé has announced a special bonus of CFA60,000 for civil servants, religious education staff, and pensioners who are part of the Togo Pension Fund. This announcement was made on December 23 in Lomé.
The bonus will use a budget of CFA7.85 billion and is intended to help increase household purchasing power during the festive season. Many Togolese are facing a...
On December 20, 2024, the International Monetary Fund (IMF) approved the release of approximately $58.7 million for Togo, as part of the first review of its Extended Credit Facility (ECF) program. This funding is intended for budget support and is part of a larger 42-month agreement worth $390 million, which was established in March 2024.
The facility will help bolster the Togolese...
Togo is updating its National Climate Change Adaptation Plan (PNACC). The project kicked off on December 23, in Lomé. The PNACC addresses climate change impacts, including irregular rainy seasons, agricultural land degradation, and heightened natural disaster risks.
Environment Director Méry Yaou emphasized the need for regular updates to the plan. "It is essential to reassess the measures...
The European Union (EU) will support the Togolese State budget with CFA12.8 billion. The Togolese Ministry of Economy and Finance announced the news via a press release issued on December 23.
According to the source, Lomé will use the funding, a grant, to implement the Togo 2025 Roadmap.
Togolese authorities noted that this support follows a prior assessment showing significant progress in key...
Togo's Council of Ministers approved an amending finance bill for the fiscal year 2024 on December 16, increasing the initial budget by 3.3%. This adjustment raises the budget forecast to CFA2,250.6 billion; it integrates an increase in budget revenues and cash resources.
In detail, budget revenues increased by CFA63.4 billion (5%), totaling CFA1,343.5 billion, compared to the initial forecast...
Société des Transports de Lomé (SOTRAL) has announced a fare reduction for urban transport in Togo, starting December 23, 2024. The price for trips that used to cost CFA150 will now be CFA100, a 33% decrease. Other fares are also being lowered: routes that cost CFA250 will now be CFA200, and those priced at CFA300 will drop to CFA250. Even the highest fares, which were CFA350, will now be...