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The World Bank reviewed its Togolese portfolio, on October 26, with the country’s authorities. Sandra Johnson, Minister, Secretary General of the Togolese Presidency was present. So was the Bank’s Governor and Country Representative for Togo, Fily Sissoko.
Two billion dollars
According to World Bank teams, the indicators are encouraging. With new projects under negotiation, the...
The World Bank released the first edition of its economic outlook report for Togo last Wednesday, October 25. Entitled "Unlocking the country's growth potential", this 50-page document, which will henceforth be published annually, offers a detailed analysis of Togo's current economic situation and outlook.
The report was unveiled by Marc Stocker, Senior Economist and Amevi Rocard Kouwoayé,...
ARISE IIP, the firm that operates Togo’s Industrial Platform of Adétikopé, may get €250 million to support the development of four industrial platforms in Africa, including Togo and Benin.
The International Finance Corporation is examining the financing project, with its board set to deliberate next December 22.
According to IFC information, the funds will be allocated to the...
Mauritania’s telecom regulator, ARE, closed a two-day workshop with its Togolese counterpart, ARCEP, on October 24. The meeting was an occasion for the ARE to learn from the Togolese watchdog.
During the two days, the Mauritanian delegation looked at how the ARCEP handles data-based regulation, with a focus on monitoring and measuring the quality of service (QoS) of mobile networks and...
Togo imported CFA449.64 billion worth of goods in Q2 2023. The figure was recently reported by the country’s Institute of Statistics, INSEED. Compared to the previous quarter, it is 0.5% up. Meanwhile, the trade deficit increased by 0.7% between the first and second quarters.
Main suppliers
Between April and June 2023, China, India, and Turkey were Togo’s main suppliers. The first...
Turkey’s new ambassador to Togo, Muteber Kilic, wants to help deepen the cooperation between the two countries. She voiced the ambition during a meeting with Togolese Prime Minister, Victoire Tomegah-Dogbe, on October 24.
In detail, the diplomat eyes stronger relations in the agriculture, tourism, and trade sectors.
"Turkey can bring a lot, especially in terms of experience in...
Inflation kept improving in Togo in recent months. From 6.6% in August, it fell to 6.2% in September, according to the National Institute of Statistics (INSEED).
The decline was mainly driven by lower prices for food products ("Food products and non-alcoholic beverages", which fell by -2.4%) and "Leisure and culture" (-1.4%). This brought the National Harmonized Index of Consumer Prices (NHICP)...
Togolese exports amounted to CFA212.25 billion in Q2 2023. The figure, disclosed by the country’s Institute of Statistics (INSEED), corresponds to 993,316.5 tons of goods. Value-wise, the exports were up by only 0.2% compared to the previous quarter.
Phosphate still on top
During the quarter reviewed, the 10 most exported goods made up 67.7% of the total export value...
Lomé is hosting since October 23 a five-day regional meeting on civil aviation. Gathered at the roundtable are WAEMU experts and technical executives of the sector.
Participants will plan and draw short, medium, and long-term forecasts for air operations; economic factors and other data involved in the development of ground plans; and the assessment of the capacity of facilities and...
The Togolese government recently adopted a decree to regulate the use of public transport vehicles, including taxis, taxi-bikes, and tuk-tuks. The decree was adopted last week at the Council of Ministers.
The move aims to tackle several issues, such as road insecurity, air pollution, and low profits in the public transport sector.
Drawn in collaboration with representatives of...
The Togolese minister of water and rural hydraulics, Yark Damehane, launched last Friday the third phase of the PASSCO, a project to improve health conditions in rural and school environments. Under this phase, 200,000 people in rural areas will get drinking water by 2025.
In detail, 850 boreholes will be built and equipped with manual pumps. The French Development Agency (AFD) will...
In the past 10 years, BOA Togo has had over 65,000 accounts opened. The milestone was disclosed by Youssef Ibrahimi, Managing Director BOA Togo, at the launch of the bank's Tin Jubilee celebrations.
The accounts, according to the lender’s management, are mostly owned by individuals and SME owners.
BOA Togo has been active for 10 years now. In 2021, it was the eighth biggest bank...
Togo's National Solidarity Agency (ASN), will undergo institutional and organizational reforms. The move was spurred by President Faure Gnassingbé himself.
Announced at the latest Council of Ministers meeting last Friday, the reforms will, according to the government, help the Agency adapt to the new administrative ecosystem and meet the country’s current challenges of indigence and...
Togo will soon launch a Social Sector Support Fund (FASS in French). The project was examined and adopted last Friday in Lomé, at the Council of Ministers.
The upcoming Fund will guarantee universal health insurance and support social programs and projects, funded by the State–in full or part.
The Fund will operate through a mechanism that will centralize all resources dedicated to the...
As part of the Food for Progress program, Togo will receive $29.8 million from the United States Department of Agriculture (USDA). The funds will bolster Togolese agriculture, overall, and horticulture in particular. The program will be steered by the "Lutheran World Relief" (LWR), a US organization that promotes sustainable agricultural practices.
Already, LWR is looking for top management...
This month, the WURI biometric ID project launched the second proof of concept for its enrolment platform.
Scheduled to end on November 4, 2023, this phase of the project aims to enroll at least 2,000 people in the Grand Lomé area, the Maritime, Central, and Plateaux regions. The first proof of concept was carried out from April 20 to May 26, 2022.
In the Grand Lomé, this new phase will be...