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Earlier this week, the Sheyi Emmanuel Adebayor Foundation (SEA Foundation) facilitated a partnership between the University of Lomé (UL) and Morgan State University in the USA.
A delegation from the American university visited UL as part of an international academic collaboration. Led by Endia De Cordova, Director of the university's foundation, the delegation was introduced by Boris...
By the end of 2023, Togo had 12,945 health workers in the public sector, according to data from the Minister of Health, Professor Tchin Darré.
The distribution shows that Greater Lomé, which includes 13 municipalities around Lomé, has 4,634 health workers, making up 36% of the total. The maritime region follows with 1,679 workers (13%), Plateaux with 2,145 (17%), Kara with 1,803 (13.9%),...
The Togolese government has suspended Yango, an online car-sharing service, for "illicit" activities.
On October 17, 2024, the Ministry of Transport stated that Yango, owned by Russian tech giant Yandex, began operations "in violation of all required administrative procedures and authorizations". The suspension follows serious concerns about user safety.
Yango faced a similar suspension...
Last Saturday, October 12, several Togolese bankers and finance experts gathered in Lomé for a "Loft of the Weekend" workshop focused on banking risk management. Held in Baguida, the session was led by Khalid Yacoubou-Boukari, Commitments Manager at IB Bank Togo and a risk management consultant.
Participants learned about risk management regulations, particularly Circular N°04-2017/CB/C,...
Togo, Benin, and Guinea-Bissau will receive €25 million (over CFA16 billion) from Germany to fund projects to tackle violent extremism. This financial support comes from the Regional Stabilization and Development Fund (RSDF), which was recently launched in Cotonou by ECOWAS.
From 2024 to 2027, these countries will focus on three key areas: job creation, environmental protection, and...
In Togo, the investment rate has fluctuated significantly over the past decade due to various economic challenges. Data from the Central Bank of West African States (BCEAO) shows that the investment rate was 22.1% in 2013, peaked at 25.2% in 2015, and then dropped to 16.8% in 2017 amid economic uncertainties and socio-political tensions.
However, a turning point occurred around 2020 when the...
Togo is launching a new wave of reforms to improve its business climate. On October 7, 2024, the country held a workshop to present the first B-Ready report from the World Bank’s Doing Business initiative. Togo ranked third in Africa, behind Rwanda and Mauritius, showcasing its progress in business reforms.
Sandra Johnson, Minister Secretary General of the Presidency, chaired the event...
The Chamber of Commerce and Industry of Togo (CCI-Togo) recently launched a project to bolster the rice industry and boost local consumption. The initiative–Projet d'Appui à la Valorisation du Riz Togolais (PAVRIT)-kicked off on October 10, in Kpalimé, coinciding with the start of local consumption month.
The PAVRIT focuses on two main areas: providing technical and financial support to...
The Togolese government wants to draw more investments supporting the Sustainable Development Goals (SDGs). To this end, Lomé released a Sustainable Financing Framework created by Essowè Georges Barcola, Ministry of Economy and Finance. The framework was unveiled on October 9, 2024. The document aims to draw national and international partners interested in projects with strong social and...
The Togolese government is tightening regulations for international non-governmental organizations (NGOs) operating in the country. From now on, any international NGO that wants to work with the Togolese government must first obtain official recognition before signing a partnership agreement. This requirement applies to both new NGOs and those already active in Togo.
This new rule was announced...
Togo scored 61 out of 100 points in the first edition of the World Bank's B-Ready report, which evaluates business climate in 50 countries. This score places Togo third in Africa and first in West Africa. The report, which replaces the suspended Doing Business ranking, lauded Togo's efforts in facilitating business start-ups.
The country received a score of 77.26 points for business start-ups,...
For the 2023-2024 agricultural season, MIFA (Mécanisme incitatif de financement agricole) has helped secure CFA1.33 billion FCFA in financing for farmers, according to government data. This initiative is part of broader reforms in the agricultural sector outlined in the Togo 2025 roadmap.
Over the period, additional support measures were introduced to improve farmers' access to resources. This...
A delegation from the Port Autonome de Lomé (PAL), led by director Fogan Adegnon, has been on a mission in Sahelian countries since October 6, 2024. The first stop was Niamey, Niger, where they aimed to inform local economic operators about new measures at the Port of Lomé to improve trade.
In Niamey, the Togolese delegation met with local authorities, transport unions, and Niger's importers...
At the Summit for Economic Development in Abidjan, Côte d'Ivoire, on October 10, 2024, Togolese Prime Minister Victoire Dogbé called for a review of the International Development Association's (IDA) financing conditions to better meet the needs of beneficiary countries.
"We are asking IDA and our partners to rethink financing conditions so that they are better adapted to our local realities...
Ollo Africa, a tontine fintech company based in Lomé, has partnered with Ecobank to expand across Africa. The related agreement aims to increase access to financial services through Ollo’s app, Ohana Africa. The app’s users will have access to Ecobank's Pan African Wallet, extending financial services to underserved people.
The new partnership seeks to improve financial inclusion in Africa,...
Coumba Dieng Sow has been appointed as the new United Nations Resident Coordinator in Togo. She was appointed last week by UN Secretary-General António Guterres.
As new UN's representative, Sow will coordinate efforts to ensure a unified response to Togo's national priorities and needs, aligning with the Sustainable Development Goals (SDGs) and other international commitments.
Sow will...