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The Islamic Development Bank (IsDB) will back Togo’s universal healthcare policy with CFA38 billion. The money will be devoted to the PR4SP, a project aiming to bolster the country’s health system and primary health care. The project was launched on June 20, 2023, in Lomé, by the Ministry of Health.
The PR4SP is a four-year project that involves building and rehabilitating nearly 30...
Victoire Tomégah-Dogbé, the Prime Minister of Togo, attended the International Labour Organization (ILO) Summit on Social Justice in Geneva, Switzerland, last week. On the occasion, she had bilateral discussions and working sessions with many key stakeholders, including Gilbert Foussoun Houngbo, the ILO's Director-General, and former Togolese Prime Minister.
While meeting his compatriot,...
Togo’s President, Faure Gnassingbé, should be in Paris on June 22 and 23, for the New Global Financial Pact Summit.
Initiated by French President Emmanuel Macron, the Summit will cover the global debt system. It will gather several African and World Presidents, senior executives from financial and development institutions such as the World Bank, and dozens of NGOs.
Mostly, the...
The Kamadama power project, under development in northern Togo, is nearly complete. Togolese Minister of Mines and Energy, Mila Aziable, after visiting the project’s site over the past weekend, made the announcement.
"Today, the work is 90.11% complete thanks to the tireless efforts of the technical teams mobilized to finish within the scheduled timeframe," Aziable said after the...
Operating in Togo for nearly two decades, Prudential Beneficial Life Insurance has seen considerable growth, achieving a turnover of CFA5 billion in 2022 compared to less than CFA3 billion in 2015. This financial update was shared with the press in Lomé on June 19, coinciding with the company's 175th-anniversary celebrations.
Justin Quam Gbadago, the Managing Director of the Togolese branch of...
Trade between Togo and Canada hit $65.2 million in 2021, according to data released by the Togolese Ministry in charge of trade. This breaks down into $51.4 million for Canadian exports to Togo and $13.8 million in the opposite direction.
According to the Togolese Ministry of Trade, the two countries’ respective ministers of Trade, Kodjo Adedze, and Mary NG, discussed the topic...
Togo raised about $54 million (30 billion FCFA) on the WAEMU money market last Friday, June 16. Lomé secured the funds through a simultaneous issuance of Fungible Treasury Bonds and Bills.
According to the operation report, Lomé secured $47 million (26 billion FCFA) from regional investors with the fungible bonds, and $9 million (5 billion FCFA) with the bills. The former...
Between September and October 2022, 1,342 Togolese received their certificate of citizenship. According to Togo’s Ministry of Foreign Affairs, the recipients live in Gabon, Côte d’Ivoire, Mali, and Nigeria.
The Ministry added that more diaspora members should obtain the certificate soon. "731 applications are currently being transcribed by the technical services of the Ministry of...
Togo seeks to ramp up its soybean output to 500,000 t per year by 2028. The target is set in a five-year strategic plan recently validated in Lomé.
By boosting its production, the country hopes to consolidate its position as the leading exporter of organic soybeans to Europe. The new plan emphasizes key areas such as developing local processing, enhancing the export of organic soybeans,...
Amid a deficit balance of payments and a rising oil bill, Togo's net foreign assets with the Central Bank of West African States (BCEAO) dropped significantly in 2022.
Togo's net foreign assets with the BCEAO were in a deficit of CFA410.2 billion in 2022, against a deficit of CFA23 billion in 2021, and a surplus of 70.5 billion in 2020. The substantial drop is attributed to a series of global...
Banks in Togo had their net foreign assets standing at 1,487.8 billion FCFA in 2022. According to the BCEAO, WAEMU’s Central Bank, which disclosed the figure, it is 32.8% higher than that recorded in 2021.
Banks’ net foreign assets reflect the value of claims on non-residents and obligations to non-residents, as well as claims on the Central Bank.
The upward trend started in 2020....
The Waste Management and Decentralization Project (GEDEC) was officially launched in Lomé, on June 13, 2023.
The European Union (EU) backs the 3-year project with €4.7 million and it will be steered by Expertise France. The French firm will help municipal stakeholders set up a sustainable household waste management system.
"The goal is to create a realistic and...
The Togolese Ministry of Grassroots, Youth, and Employment, launched earlier this week a tender for backing youth-led micro-projects. The call was launched on World Youth Day.
According to the ministry’s announcement, each project could receive up to CFA500,000 (about $830). Through the move, the government wants to give a boost to youth associations, all over Togo, that are looking for...
Togo greenlit four new investment projects in Q1 2023. According to a report recently released by Lomé, they are worth a total of CFA19 billion.
Three of the projects, valued at CFA18 billion, were approved under the investment code (CI). The last one was approved under Free-Trade Zone status. The projects, the report further indicates, are mainly focused on the sectors of...
The members of the Consular Electoral Commission (CEC) were sworn in on June 8, 2023, in Lomé. The ceremony took place at the Court of Appeal.
This 8-person commission will coordinate the consular electoral process, including the preparation and proclamation of provisional results. It will also be responsible for receiving applications from economic operators and registering them on the...
France will provide Togo €78 million to help it open up its rural areas. The financing agreement was signed last week, by Sani Yaya, Togo’s Minister of Finance, and the French Ambassador to Togo, Augustin Favereau.
The funds will be used to build bridges–thus enabling local populations to easily access basic socioeconomic infrastructures, acquire equipment and services, and bolster...