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The French Development Agency (AFD) will be financing many projects aimed at protecting and preserving the environment in Lomé, Togo. In this framework, the Autonomous District of Greater Lomé (DAGL) just launched the third edition of the call for projects aimed at federations and sports associations operating in the Greater Lomé area.
Launched on July 19, the call closes on August 21....
The West African Development Bank (BOAD) has signed a CFA278 billion credit insurance policy with nine private European insurers. The lender disclosed the signing on July 17, 2023, and emphasized that credit insurance represents 11% of its total loan portfolio.
According to the BOAD, the contract will help raise this portfolio’s average rating and, consequently, positively influence its...
Togo: Telecom Regulator Works on Partnership with Municipalities to Better Protect Consumers’ Rights
Togo’s telecom regulator, the ARCEP, is working on a partnership with local municipalities to better protect telecom consumers’ rights across the country. The partnership should soon materialize, according to the watchdog.
The announcement comes after the ARCEP sent a delegation to raise people’s awareness about their rights as telecom users in 10 of the country’s towns. The mission...
Over the first half of 2023, the Togolese Treasury has repaid CFA182 billion in debt, contracted via Umoa-Titres. According to data consulted by Togo First, this is 39% more than the amount repaid in H1 2022–CFA131 billion.
In detail, over the first six months of this year, lomé repaid CFA20.33 billion for Fungible Treasury Bills (BAT) and 161.39 billion FCFA for Fungible Treasury Bonds...
Togo is cooking up a plan to ramp up its fonio output in the coming years, to 10,000 t exactly by 2028.
"The overall goal is to double current production to at least 10,000 tonnes of quality paddy fonio, to meet both local and external demand by 2028,” says the Ministry of Agriculture, Livestock and Rural Development, in its Investment Action Plan for the Fonio Sector (2024-2028).
The...
The Green Climate Fund (GCF) has reaccredited the West African Development Bank (BOAD) at the end of its 36th Board of Directors meeting held from July 10 to 13, 2023, in South Korea. The Fund will thus provide the African lender with resources to fight against climate change in line with its 2024-2027 strategic plan.
The reaccreditation includes more financing for environmental and social...
In Togo, non-financial services activities experienced an annual growth of 14.6% in April 2023. This is according to the Economic Situation Report of June 2023 for the West African Economic and Monetary Union (WAEMU).
The report, which was released by the Central Bank of West African States (BCEAO), indicates that Togo posted the highest annual growth for April, just ahead of Senegal...
Togo has just validated a five-year investment plan going from 2024 to 2028 for its pineapple industry. The strategy, conceived in May 2023, is valued at CFA9.5 billion.
Goals set in the plan include doubling the national output, from 44,391 t to 88,782 t by 2028, and boosting local processing from 35% of the production to 75% by 2028.
Funds needed for the project should come from the...
Of all WAEMU countries, Togo was the one that recorded the highest growth for bank credit supply–the amount of credit made available by the country’s banks–in 2022. According to the WAEMU’s Central Bank, the BCEAO, the figure stood at CFA1,265.9 billion, against CFA812.9 billion in 2021, or 55.7% more.
The upward trend was extended to the whole WAEMU region, where the volume of credit...
Togo raised only CFA16 billion on the WAEMU-securities market last Friday, July 14. The country was seeking CFA30 billion through the issue of fungible bills and bonds of the treasury (BATs and OATs in French).
According to the issue’s report, the bonds or OATs generated CFA14 billion. They mature over 3 and 5 years. As for the bills or BATs, they earned Lomé the remaining CFA2 billion....
A new bus station was inaugurated last week, on July 12, in Kara, northern Togo. The ministers of trade and transport, Kodjo Adédzé and Affoh Atcha-Dédji, both attended the inauguration ceremony. Launched in 2017, the project cost CFA1.2 million. Its goal is to modernize transport in Kara.
“The effective and long-term operation of this bus station will, I am sure, contribute to...
Togo celebrated World Population Day, on July 11, by launching the 2023 Global Population Status Report. Adjovi Lolonyo Apédoh-Anakoma, Minister of Social Action, Women's Protection, and Literacy, attended the ceremony. There were other key stakeholders, such as representatives of the United Nations Population Fund (UNFPA) which initiated the report.
Titled "Eight Billion Humans, An Infinite...
Since they partnered two and half years ago, the Togolese Ministry of grassroots development and Ecobank have financed 32 young native entrepreneurs with CFA1.78 billion. This is out of CFA4.72 billion of requested financing.
The figure was recently disclosed by Myriam Dossou-d’Almeilda, the minister of grassroots development. The official spoke during a meeting between Ecobank’s local...
Togo is looking for a third party to hand over its land register digitization project. The country’s Ministry of Economy and Finance recently launched an international tender to hire this party.
According to the tender notice, consulted by Togo First, the successful bidder must complete the task within 3 months, after securing the deal.
The tender should help modernize Togo’s...
Togo should soon have Citizen offices that will facilitate dialogue between municipal authorities and their constituents.
The Minister of Territorial Administration, Decentralization, and Territorial Development, Payadowa Boukpessi, recently issued a decree to establish these structures. They will collect citizens’ expectations, concerns, and suggestions and relay them to mayors, thus...
Togo’s Telecom Watchdog, the ARCEP, earned the State CFA4 billion in 2022, up from 3.94 billion in 2021. This is according to the latest official data.
The regulator has, since 2020 and under the leadership of Michel Yaovi Galley, launched several sanction procedures that yielded three warnings and three major fines.
The operators most affected by the sanctions were Togo Cellulaire,...