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The Arab Bank for Economic Development in Africa (BADEA) will back Togolese SMEs with CFA10 billion. The Bank and the government sealed the deal on October 3, in Lomé, during the Africa SME Champions Forum.
Sani Yayi and Sidi Ould Tah, respectively the Togolese minister of finance and the BADEA’s managing director, signed the agreement.
According to Yaya, the CFA10 billion is paired with...
The Presidents of Togo and Kazakhstan, Faure Gnassingbe and Kassym-Jomart Tokayev had a phone call yesterday, October 3. The two leaders talked about deepening their cooperation, in sectors like trade, investments, transport, logistics, and agriculture.
Le Président de la République, @FEGnassingbe a eu entretien téléphonique avec son homologue de la République du Kazakhstan, @TokayevKZ,...
As part of the U.S. food aid program, over 200 schools in Togo will get support to feed students. Deployed on the ground by Baltimore-based Catholic Relief Services (CRS), the initiative targets nearly 155,000 students (154,675), providing them with daily meals, for five years.
Over the period, the U.S. will ship more than 5,000 tonnes of vegetable oil, peas, rice, and cornmeal to Togo. Local...
Togo's updated score on the World Bank's CPIA 2023 report could enable the country to secure more funds from the Bank. This is according to Fily Sissoko, Resident Representative of the lender in Togo.
"This is an extremely important score because it also allows us to mobilize even more resources," said Fily Sissoko. Moreover, "This score far exceeds the World Bank's IDA country average...
The ECOWAS Bank of Investment and Development (EBID) currently evaluated several projects for Togo. The Bank’s president, George Agyekum Donkor, made the statement on October 2, after a board meeting of the EBID.
"Togo will get a fair share of our resources once the projects are ready and have gone through the credit process. We have a list of projects for Togo, and these projects are under...
Enselme Gouthon is the new president of the International Coffee Organization (ICO). The Togolese was appointed last Friday, September 29, during the 5th World Coffee Conference in India.
With 40 years of experience in the coffee industry, Gouthon takes the place of Max Massimiliano Fabian. Some of the challenges that the ICO’s new president will face include ensuring the sector’s...
The US will support several rural organizations in Togo, via its Self-Help program and Resilience Fund. The support, totaling CFA100 million, was recently revealed by the US Embassy in Lomé.
According to the embassy, under the Self-Help program, 19 organizations will receive CFA43.4 million (or $70,000). The program aims to improve the living standards of rural people across the country,...
The Togolese Ministry of Housing and Urbanism wants to set up a land brigade to fight double land sales, which is the illegal practice of re-selling land that has already been acquired. The project was disclosed last week during a meeting between some of the sector’s actors and the board of the Togolese Surveyors’ Order (OGT).
"Together with the other departments, we want to help...
Togo has made significant progress in implementing its cooperation program with the European Union for the period 2021-2023. This was one of the conclusions of the recent review of the EU's portfolio in Togo. Chaired by Sandra Ablamba Johnson, Minister, and Secretary General of Togo’s Presidency, the meeting took place on September 26th.
The review, according to the Togolese Presidency,...
Togo is a must-see destination for tourists, according to Kossi Gbégnon Lamadokou, the country’s Minister of Culture and Tourism. The official made the statement last Wednesday, September 27, 2023, on International Tourism Day.
"We can proudly claim that Togo is becoming a must-see destination at the sub-regional level," said Lamadokou. He backed his claim with the number of tourists...
During its last Council of Ministers held on September 27, the Togolese government examined and adopted a decree to build a university in Datcha, Plateaux region (120km from Lomé). This is part of a bigger project to provide each of the five regions of the country with a public university.
The project aims to “improve the quality of higher education and provide training pathways with a...
A total of CFA13.3 billion has been spent in northern Togo since June 2022, as part of the COSO social cohesion project. Backed by the World Bank, this project covers all northern regions of the Gulf of Guinea, with the goal of fighting poverty appropriately.
According to the National Agency for Grassroots Development (ANADEB), which steers the project in Togo, it has helped build 50...
Togo should soon adopt an administrative procedure code. The project made headway at the last Council of Ministers meeting chaired by the Head of State, Faure Gnassingbé, on September 27, 2023.
The Council, last Wednesday, examined and adopted a draft bill on the administrative procedure code.
"Adopting this text is part of the dynamics of the justice modernization program initiated by the...
Trade between Togo and China stood at $2.3 billion from January to July 2023, up by 14% compared to the same period in 2022. This was revealed last Tuesday, September 26, by China’s Ambassador to Togo, Chao Weidong.
The Asian diplomat spoke during a reception in Lomé to celebrate the 74th anniversary of the founding of the People's Republic of China. The ceremony was attended by...
Togo has revised its growth forecast for 2023 to 6.4%, compared with the 6.6% initially anticipated. Sani Yaya, Minister of Economy and Finance, disclosed the new prospect on September 27th.
In contrast with the downscaled growth, the government expects an improvement in its budget deficit, from 8.3% in 2022 to 6.6% this year. “But achieving these results requires overcoming some challenges...
The port of Lomé (PAL) has, again, been ranked in Lloyd’s Top 100 World’s Busiest Ports List, in terms of container traffic. The port ranked 94th, against 96th in 2022. It is the third consecutive year the port has been featured in the index.
Container traffic at the PAL stood at 1.8 million TEUs in 2022, down from 1.9 million TEUs (-6.5%) in 2021. Despite the drop, the infrastructure...