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Members of the Decentralization Ministry’s top brass are participating in a training workshop on program budgeting. The workshop, which began on September 3, 2024, in Kpalimé, ends on September 8. It is part of an initiative to build capacity for preparing program budgets for the 2025 fiscal year.
The goal is to help the ministry’s workers understand the steps necessary to set up a program...
German Group Heidelberg Material (formerly known as HeidelbergCement) is planning new investments in Togo, where it already operates through its subsidiaries SCANTOGO, GRANUTOGO, and CIMTOGO.
On September 3, 2024, Hakan Gurdal, the Group's Managing Director for Africa, the Mediterranean, and West Asia, announced these plans during a meeting with Togo's Prime Minister, Victoire...
Togo's Court of Auditors is pushing for greater female representation in public finance audit bodies, to achieve 30% women among financial magistrates and inspectors by 2025.
The Court highlighted significant gender imbalances in these institutions. Currently, only one out of 20 magistrates at the Court of Auditors is a woman. At the Inspectorate General of the Treasury (IGT), all five officers...
Togo is expanding its partnerships on the sidelines of the 9th China-Africa Economic Forum (FOCAC 2024) in China. The Togolese delegation, led by President Faure Essozimna Gnassingbé, signed a memorandum of understanding (MOU) with the Haier Group, a global leader in household appliances, health, and energy.
The MoU, which covers the health and energy sectors, comes as Togo continues efforts to...
Several heads of Togolese Micro, Small, and Medium Enterprises (MSMEs) recently participated in a two-day workshop to boost their capacities. Ended on September 4, the meeting was organized by the Ministry of Trade and Local Consumption.
Around 30 leaders, including members from the Togolese Group of SMEs, the FAIEJ, and the Togo Chamber of Commerce and Industry, took part in the workshop....
The Coordination Committee for Coffee and Cocoa Sectors (CCFCC) has extended the registration deadline for the 2024-2025 coffee and cocoa marketing season. The new deadline is September 16, instead of August 30.
The CCFCC has also urged operators with incomplete applications to finalize their documents before the new deadline.
Approved cocoa and coffee exporters for the upcoming campaign...
Over the first quarter of 2024, Togo’s debt servicing stood at CFA269.17 billion, with 86% being domestic debt. The sum represents 40% of the debt servicing in 2023–CFA706 billion.
Debt servicing comprises all payments made by the country to meet the financial obligations associated with its borrowings, including repayment of principal (the initial amount borrowed) and interest...
Since 2022, the Support Program for Vulnerable Populations (PAPV) has invested CFA1.2 billion to upgrade markets in nine areas of Togo's central region. These investments aim to boost the local economy and improve living standards.
One of the beneficiaries is Kassena, where the market has been relocated to a modern five-hectare site. The new market features cantonal-type sheds, storage...
Togolese President Faure Gnassingbé arrived in Beijing on September 1, 2024, to attend the ninth China-Africa Economic Forum (FOCAC 2024). He met with Chinese President Xi Jinping on September 2, where they announced the upgrade of their relations to a comprehensive strategic partnership, the highest level in China's diplomatic relations.
According to the Togolese presidency, this move...
Togo recently launched a new issue on the UMOA Securities market. This time, Lomé has issued fungible treasury bills, seeking CFA30 billion. The operation closes on September 6.
The bills issued have a par value of CFA10000 per unit and mature over 91 days. They carry multiple interest rates.
So far this year, Togo has raised CFA593 billion on the regional market. That is 97% of its...
Togo has officially joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) as its 50th member. This was announced on September 2, 2024.
Joining the ICIEC will allow Togo to attract investments and enable local businesses to secure export loans for locally-produced goods and foster socio-economic development.
Welcoming Togo, ICIEC’s...
The Gnassingbé Eyadéma International Airport welcomed 325,709 passengers in the first quarter of 2024, a 6% increase from the previous year. The Directorate General of Budget and Finance (DGBF) reported this figure in its recent budget execution report.
This growth continues a positive trend since 2021, following a significant drop in 2020 due to the COVID-19 pandemic when passenger numbers...
Joaquín Tasso Vilallonga, the European Union (EU) Ambassador to Togo since 2020, has completed his mission in the country. Gwilym Jones, a British diplomat, will now lead European diplomacy in Togo.
Vilallonga announced his departure on X on August 31, 2024."Today, my mission in Togo comes to an end and I hand over to my colleague Gwilym Jones, who will take over this account in the coming days...
Togo’s Ministry of Digital Economy and Digital Transformation is seeking a director for the NanaTech program. This is a program that supports women entrepreneurs in the digital sector.
The hired director will monitor and evaluate current initiatives and ensure the program's continuity by creating synergies with existing efforts. He/She will also help define and implement additional...
The United Nations Development Program (UNDP) launched the 2024 edition of the "Startup Innovation Challenge" last weekend in Lomé. Project submissions are open until September 18.
This competition aims to support Togolese digital startups by promoting innovative technological solutions for local challenges. The UNDP seeks projects that can significantly impact communities and industries.
At...
Togo's President, Faure Gnassingbé, is in Beijing for the 9th Forum on China-Africa Cooperation (FOCAC) summit. He arrived on September 1, three days before the event’s opening.
This year's theme is "Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future." Discussions will focus on security, health, economic recovery, and climate change, with...