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The World Bank plans to increase its commitments to the agricultural sector in West and Central Africa by $1.5 billion by next year. This announcement was made by Ousmane Diagana, the institution's VP for West and Central Africa, during a high-level meeting that was recently held in Lomé.
"We are set to increase our investments in the sector, from over $4 billion of already approved...
Togo teamed up with Morocco’s Phosphate Office (OCP) to carry out its agricultural development project, via mechanization and local fertilizer production.
The two parties signed two agreements in this framework on May 31, on the sidelines of a top-class meeting on fertilizer security that Lomé recently hosted. The agreements respectively aim to bolster agricultural mechanization in Togo...
The Presidents of Togo, Niger, and Guinea Bissau launched on May 31, 2023, a regional call to improve access to fertilizers in West Africa.
The leaders did so in the Togolese capital at the close of a top-level meeting to enhance fertilizer security in West Africa. The roundtable was organized by Togo, ECOWAS, and the World Bank. Several West African key players and development...
In Togo, the Public Procurement Regulatory Authority (ARCOP) just started a team-training course for officials in charge of awarding public contracts at the municipality level. The course began yesterday, May 30, and will end on June 3. Over 500 participants from the Plateaux-Est, Ouest, and Maritime regions are participating.
They will learn about public procurement management procedures...
A delegation from the Union des Conseils économiques et sociaux et Institutions similaires des Etats et gouvernements membres de la Francophonie (UCESIF) is in Togo since May 28. They recently met with the country’s Prime Minister, Victoire Dogbé. With her, they talked ways to help Togo get its Economic and Social Council (ESC) running as soon as possible.
Thierry Beaudet, president...
Next Friday, June 2, Togo will proceed to a new issue on the WAEMU market. Lomé will try to raise CFA30 billion on the regional stock market.
The operation is a simultaneous issue of fungible treasury bonds (OATs) and fungible treasury bills (BATs).
According to the tender notice, the country will seek CFA20 billion via the bonds and CFA10 billion via the bills. The OATs have...
Fracht, the logistics Swiss group, is opening an office in Lomé, Togo. The group’s president for West Africa and the Indian Ocean, Lionel Tristan, made the announcement last week in a meeting with Togolese Minister of Maritime Economy, Edem Tengue.
Fracht picked the Togolese capital for its dynamism and the importance of its port platform on the West African coast. According to Tristan, the...
The United Nations Conference on Trade and Development (UNCTAD) launched Togo’s Investment Policy Review (IPR) today, May 30, in Lomé. The meeting is organized by the Ministry of investment promotion.
Today and tomorrow, participants will learn about the strengths and weaknesses of projects launched to bolster investment in Togo.
This review, carried out by UNCTAD's Investment Policy Review...
Togo is currently hosting a regional meeting on fertilizer security in West Africa. Held at the 2 Février Hotel in Lomé, the meeting is organized in collaboration with the Economic Community of West African States (ECOWAS) and the World Bank.
The two-day roundtable regrouped West African and Sahel leaders as well as key players in the agricultural sector, such as the Dangote Group. They will...
Last week, The ECOWAS Bank for Investment and Development (EBID) celebrated ECOWAS Week. The event, which closed on May 26, was hosted at the Bank’s headquarters, in Lomé.
En:Day 2 of #ECOWASWEEK! Discover how #EBID commits to catalyzing regional economic development. Interested in our projects? Visit ? https://t.co/LIeZfybc1u1/2 pic.twitter.com/7L2db5rICd
— ECOWAS Bank for...
Togolese President Faure Gnassingbé attended the inauguration of Nigeria's new President, Bola Tinubu, who succeeds Muhammadu Buhari.
"On this occasion, the Head of State will reiterate to his new Nigerian counterpart his congratulations and his readiness to sustain the cooperative relationships between Lomé and Abuja, for greater sub-regional integration, peace and stability," a...
BIA Togo, a subsidiary of the Moroccan banking group Attijariwafa, launched the Africa Development Club in Lomé on May 25, 2023. The Club was opened by the minister of investment promotion, Kayi Mivédor.
Established in 2016 and present in countries that Attijariwafa covers, the Africa Development Club is a platform for networking and exchange among economic operators looking to invest or...
An international meeting focused on strengthening gender equality in Africa through legal reforms just closed in Lomé, Togo. Organized by the International Finance Corporation (IFC) and the Togolese government, the two-day meeting opened on May 25. It gathered technical representatives from several African countries like Benin, Côte d'Ivoire, Gabon, Kenya, Rwanda, Senegal, Sierra Leone,...
Each of Togo’s educative regions will soon have a scientific high school. Construction would start next year, Dodzi Kokoroko, the minister of primary and secondary education announced on May 23, in Togoville, during the inauguration of a school facility.
The minister noted that the upcoming project is part of a larger one to reorganize and improve school training across the...
In Togo, Decentralized Financial Systems (DFS) loaned CFA255 billion in 2022, against CFA196 billion in 2021 (+30%). The figure was disclosed during the latest council of ministers, held on May 24, 2023.
Regarding outstanding loans, DFS in Togo was owed CFA288 billion last year, up from CFA225 billion (+27%) the year before.
These reflect the dynamism of DFS activities across the country....
The telecom watchdogs of Togo and Ghana, respectively ARCEP and NCA, are holding a 3-day meeting to discuss accidental roaming around their shared borders. The meeting, held in Lomé, Togo, opened on May 24.
The accidental roaming “generates additional communication costs for the populations concerned and causes, at the user level, a poor quality of experience vis-à-vis the operator,"...