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Togo raised CFA110 billion on the WAEMU’s money market last Tuesday, June 27. That is CFA10 billion more than the country was seeking for the operation, according to the WAEMU-securities agency.
In detail, Lomé secured CFA92 billion with fungible treasury bonds, which mature over 3 and 5 years, at respective rates of 6% and 6.25%, and the remaining CFA18 billion with fungible treasury...
The Togolese Assembly allowed the government to ratify the cooperation agreement between the West African Monetary Union (UMOA) member states, countries that share the CFA franc, and France. The Assembly unanimously approved the move last Thursday, June 29, during its sixth ordinary plenary session of the year. Sani Yaya, Togo's Minister of Economy and Finance, was present.
Closer to adopting...
Togo is updating its legal framework for approved management centers (CGA), specific structures set up to support small and medium-sized enterprises (SMEs) in their accounting, tax, and social management. On June 29, during its sixth ordinary plenary session of the year, the National Assembly validated a law in this framework.
The previous version of the framework has been effective for 23...
The Adétikopé Industrial Platform (PIA) currently host Togo’s first Agri-food and Agricultural Financing Fair (SAFA). Started on July 1 in Notsè, the event ends on August 9, 2023. It is organized in collaboration with its Agricultural Value Chain (AVC) branch and will take place in several cities in Togo on a traveling basis, specifically in rural markets.
According to PIA’s management,...
The Africa50 opens its General Assemblies in Lomé, on July 3 and closes on July 4. After the summit on the financial industry last November, the high-level meeting will be held under the aegis of the Togolese Head of State Faure Gnassingbé, who will be the keynote speaker.
This will also be an opportunity to hold the first "Infra for Africa Forum" on infrastructure financing on the...
On June 27, 2023, the US Ambassador to Togo, Elizabeth Fitzsimmons, announced two new investments in Togo during the early celebrations of the 247th anniversary of US independence.
The first investment-$3 million-will help local organizations fight food insecurity in northern Togo. "We are pleased to announce the provision of three million dollars, to help combat food insecurity in...
The Dry Port of Adétikopé received 7,339 containers and 6,364 trucks in 2022. Out of these, 6,607 containers and 5,058 trucks left the platform.
The dry port is a strategic point for transferring goods to landlocked countries in the Hinterland, such as Burkina Faso, Niger, and Mali. It serves as a significant node to reduce the load on the Autonomous Port of Lomé and potentially enhance...
Togo and the Central African Republic could set up a cooperation commission to strengthen their relations in various areas. The leaders of the two countries discussed the project last Tuesday, June 27, in Lomé.
The projected commission should help Togo and CAR bolster their partnership in the economic, commercial, military, security, and education sectors.
Already, the leaders have asked their...
The Prime Minister of Togo, Victoire Dogbé, met with UK’s Ambassador to Togo, Harriet Thompson, last Monday, June 26. The two women talked about the Emergency Program for the Savanes Region (PURS), with a focus on UK’s financial and military contribution to the project.
On the occasion, Thompson said British companies could invest in various areas of the project, particularly in water and...
Togo just revised its law on electronic transactions, on June 27th, during the fifth plenary session of the first ordinary session of the National Assembly. The update aims to match existing regulations to new challenges and issues that electronic transactions pose.
Also, the updated bill aims to create a favorable environment for the development of e-commerce and to enhance consumer trust in...
Togo took part in the 43rd session of the ACP-EU Joint Parliamentary Assembly (JPA) in Brussels. Held on June 24-28, the meeting brought together deputies from the Africa, Caribbean, and Pacific (ACP) region, and the European Parliament, to discuss matters of common interest.
The Togolese delegation, as stated by the National Assembly, included Mémounatou Ibrahima, 2nd Vice President of the...
Central African Republic's President Faustin-Archange Touadéra Meets with President Gnassingbé Today
President Faure Gnassingbé receives his Central African counterpart, Faustin-Archange Touadéra, in Lomé today. The Togolese leader invited the Central African, according to the Togolese presidency of Togo.
The two leaders are to discuss bolstering the long-standing cooperation between their nations.
Last April, the Central African Minister of Foreign Affairs, Sylvie Baïpo-Temon, was also in...
Togolese President Faure Gnassingbé is expected at the COP28, which will take place in Dubai next November. He was invited by the President of the United Arab Emirates (UAE), His Highness Sheikh Mohamed bin Zayed Al Nahyan.
Gnassingbé was personally handed over the invitation letter in Lomé by Amer Alalawi, head of the UAE mission accredited to Togo. On the occasion, the two men discussed...
Lomé hosted the 79th session of the Executive Committee of the African Parliamentary Union (APU) on 21-22 June 2023.
Besides Togolese deputies, the meeting gathered delegates from 20 parliaments of the APU. According to the Togolese Assembly, the participants covered several issues, such as security in Africa, especially in the Sahel, the Democratic Republic of Congo, and South Sudan. They also...
Togo wants to update its environmental framework law. Recently, stakeholders from the private and public sectors gathered in Lomé, the capital, to validate the updated law’s draft. Falling under the country’s 2025 roadmap, the update aims to modernize environmental and forestry regulations and tackle rising issues in these areas.
Before the draft’s development, the environmental and...
Togo just launched a simultaneous issuance of Treasury Bonds (OATs) and Treasury Bills (BATs) to borrow CFA30 billion on the regional stock exchange.
The operation closes next Friday, June 30, 2023. The treasury expects to raise CFA10 billion from sub-regional investors via the BATs with a face value of CFA1 million, issued over a maturity of 182 days and subject to multiple interest rates. The...