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Singaporean Pacific International Lines (PIL) began transshipment operations at Lomé’s port a few days ago. Edem Tengue, Togo’s Minister for Maritime Economy, officially announced this on June 19.
PIL started operations right after the Kota Tema, one of its latest vessels, docked at the port of Lomé. The launch marks the company's definitive presence in Togo, two years after it...
Togo was Benin's second-largest net foreign direct investment (FDI) provider in 2022. This is according to data from the Central Bank of West African States (BCEAO).
China was first and Lebanon was third. Burkina Faso, India, Morocco, Brazil, Congo, and Switzerland followed.
Net FDI flows represent the difference between inward and outward FDI. Over the period concerned, Benin...
Togo’s Human Development Index stood at 0.547 in 2023, up from 0.539 in 2022. The country, however, dropped one sport, to 163rd.
The figures were publicized on June 18 in Lomé at the official launch of the latest UNDP Human Development Report. UNDP representatives, Togolese officials, and local and traditional authorities attended the ceremony. Sandra Ablambla Johnson, Minister-Secretary...
Togo will soon receive $200,000 (CFA122 million) from the United Nations Development Program (UNDP). The country will use the funds to draw its costed Climate Strategy. The announcement was made on June 18, 2024, in Lomé, during the national validation of Togo's vision for long-term low-carbon and climate-resilient development.
According to Seynabou Diaw, UNDP Deputy Resident...
On World Sickle Cell Day, June 19, the city of Kpalimé (Plateaux region) hosted key events aimed at tackling the disease. These included awareness-raising activities and free screening.
Togo’s Research Centre on Sickle Cell Disease carried out the awareness-raising sessions and free screening. The activities covered 600 young pupils, apprentices, and school dropouts in Kpalimé.
On June 18,...
Togo’s Updated 2020 National Rice Development Strategy (SNDR 2) was reviewed last week in Lomé. The reviewing meeting took stock of projects falling under the strategy and their implementation level.
On the occasion, key stakeholders of the rice sector highlighted how the ministry of agriculture supported farmers, by providing inputs and technical advice. This support, the stakeholders...
Lomé’s Palais des Congrès is closed for renovation. The works began this week, according to a press release from the Ministry of Public Works.
"Due to renovation work, access to the said palace is temporarily closed from Monday, June 17, 2024, until the completion of the work planned for this purpose," the release indicates. "The Minister of Public Works is counting on the good understanding...
A group of British investors is currently in Togo. They came as part a UK-Togo Trade and Investment Mission. The latter aligns with Togo’s ambition to secure more foreign financing for top priority projects. The mission, scheduled from June 18 to 19, is initiated by the DMA Invest investment fund and is a follow-up to the Franco-British Trade and Investment Forum (WCAF) in West and Central...
Over €150 million (nearly CFA100 billion) were invested Togo's Plateforme Industrielle d'Adétikopé (PIA) has attracted over 150 million in investments since opening in 2021. The Ministry of Economy and Finance disclosed the figure in its quarterly review of the Togolese economy.
Beyond the investments, the PIA has generated €8.8 million (5.7 billion CFA francs) in various taxes...
Citizens of Sao Tome and Principe and Togo no longer need visas to visit each other. The two countries sealed a deal to this end on June 18, in Lomé.
The deal, according to Togo’s ministry of foreign affairs, covers all passport holders. "Through the agreement signed today, holders of all types of passports will be able to travel reciprocally in both countries, visa-free for stays not...
In Togo, telecom users have until Sunday, June 23, to participate in the ongoing Customer Satisfaction Survey of the ARCEP, the country’s telecom watchdog.
Launched on June 3, the survey aims tp assess the quality of services provided by fixed, mobile, and postal operators, as well as by ARCEP itself. The main objective is to “measure the overall satisfaction of consumers, users, and...
Lomé will launch its next operation on the WAEMU stock market on June 24. The Treasury will seek CFA30 billion, through a simultaneous issue of fungible bonds (OATs) and fungible bills (BATs).
In detail, Lomé expects to secure CFA10 billion via the BATs and CFA20 billion via the OATs. The former mature over 364 days, have a par value of CFA1 million, and multiple interest rates. The latter...
In a bid to cut debt costs, Togo's public administration is rethinking its external debt and capital mobilization strategy, looking to concessional loans. This is outlined in the country's new Medium-Term Debt Strategy (SDMT) 2024-2026.
The strategy aims to reduce the exposure of public debt to refinancing risks by extending the average maturity of outstanding public debt and making greater use...
Togo's customs revenue has seen a significant increase in the first three months of 2024, with the Commissariat des Douanes et Droits Indirects collecting 99.3 billion FCFA, a 21.10% increase from the 82 billion FCFA collected during the same period in 2023.
Customs duties reached FCFA 35.4 billion, a 20.41% increase from the previous year, while VAT on imported goods rose significantly to FCFA...
Togo's Millennium Challenge Account Implementing Agency (OMCA-Togo) is preparing for the closure of the ICT and Land Reform Projects (LRAP), currently being deployed as part of the Threshold program. OMCA-Togo's Administrative and Financial Department organized a workshop to launch the program's closing process on Monday, June 11.
The workshop gathered heads of entities responsible for...
The International Monetary Fund (IMF) presented its regional economic outlook for sub-Saharan Africa (SSA) in Lomé, Togo, on June 13. The event brought together Togo's financial partners, including the World Bank, the UNDP, the African Development Bank AfDB, the European Union, and the French development agency AFD.
"Timid and costly recovery”
Themed “Timid and Costly Recovery”, the...