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The Bank of Africa Group (BOA) recently obtained $77 million (about CFA46 billion) from the International Finance Corporation (IFC). IFC announced the news on April 3, noting that the facility would cover half of the risks on a $154 million loan portfolio dedicated to SMEs in 10 African countries, including Togo.
The nine other countries are Benin, Burkina Faso, Côte d’Ivoire,...
French Secretary of State in charge of the Francophonie, Chrysoula Zacharopoulou, was in Togo last week, as part of a working visit. On the occasion, she signed financing agreements to rehabilitate the University Hospital Centers (CHU) of Kara and Lomé. The documents were inked on March 31, 2023, by the French official and Moustafa Mijiyawa, Togo’s Minister of Health.
Mijiyawa said the...
By the end of 2023, Togo could host an international seminar on disarmament in Africa. The seminar was announced, Tuesday, by the African Union's High Representative for Arms Reduction, Mohamed Ibn Chambas, who is currently visiting Lomé.
The seminar, whose details are to be worked out with the government, will enable significant advances in the implementation of the continental...
Four years after its deployment, SOFIE (Suivi des Ouvrages de Forage et des indicateurs pour l'Eau), the digital program that allows the population to quickly report issues on water infrastructures has reached 366 cantons out of the 394 in the country.
Since its launch in 2019, the program has connected 9,052 public boreholes to its monitoring platform, below the 9,460 initially...
Togo will conduct the electoral census in preparation for the upcoming regional and legislative elections from April 29 to June 3, 2023. This census schedule, proposed by the Independent National Electoral Commission (INEC), was approved by a decree issued during the April 5, 2023, ministerial council.
The census, which will be preceded by the training of census agents (data entry...
The tax collected by the Togolese Revenue Office (OTR) doubled between 2013 and 2022, rising from CFAF403 billion to CFAF865 billion. The figures, representing a 114.8% rise, were released by the OTR on Tuesday, April 4, 2023, during the orientation seminar organized to review the 2022 performance and set the 2023 action plan.
In 2022, the institution even exceeded mobilization targets,...
In 2022, Togo had a population of 8.095 million, according to the fifth population census presented at Hotel 2 Février, Lomé, yesterday. The census found that 51.3% (4.15 million) of the population were women and 48.7% men (3.94 million).
The census was conducted by the National Institute of Statistics and Economic and Demographic Studies (INSEED), from October 23 to November...
Togo will try a comeback on the WAEMU public securities market after a not-so-successful operation on March 24. This time, the country is issuing two types of treasury bonds and T-bills to raise CFAF30 billion from West African investors.
After its poor performance on the WAEMU public securities market last March 24, Togo will go back to the market to try to raise CFAF30...
Faced with rising financing needs, a widening budget deficit, and difficult access to international financing markets, WAEMU countries are turning to the regional financial market. Once again, their target is up year-on-year this year in an overheated market.
The eight West African Economic and Monetary Union (WAEMU) countries recently unveiled their funding expectations from the regional...
The Togolese Ministry of Investment Promotion and Citi Bank launched today, March 30, a platform dedicated to investment opportunities in Togo named City builder
This platform presents key social data including demographic, educational, tourism, and economic information about Togo. It also presents sectors of activity where investments are most needed, by region.
City Builder offers investors a...
Togo joins other countries that rushed to support Turkey which was recently hit by a deadly earthquake. The West African country disbursed $1.5 million for Erdogan’s country, the Turkish embassy in Togo just disclosed.
According to the embassy, the money will help compensate the families affected by the earthquake and contribute to the country’s reconstruction.
L'Etat...
Togo has begun preparations for the African Microfinance Week (AMW) which it will host next October. Last month, the Togolese minister of financial inclusion and the informal sector, Mazamesso Assih, and the event’s organizers–African Microfinance Institutions Network (AMIN) and the Appui au Développement Autonome (ADA)-laid the groundwork for the launch.
Set to be hosted in Lomé, the...
Kamala Harris, the U.S. vice president, recently announced a $100 million financing for Togo and four other West African countries, to help them fight insecurity. The American official unveiled the assistance in Accra, last Monday, March 27, at a press conference with Ghanaian President, Nana Akufo-Addo. Benin, Ghana, Guinea, and Côte d’Ivoire, are the four other nations that will benefit...
World Bank Group President David Malpass begins an official visit to Niger and Togo from March 29 to April 1, 2023. Malpass will meet local authorities with whom he will discuss regional and global priorities, such as bolstering security and peace, inclusive and sustainable economic growth, food security, energy access, and education.
In Niger, David Malpass will meet President Mohamed Bazoum,...
The ARCEP, Togo’s telecom regulator, received a delegation from its Ivorian counterpart on March 21 and 22. The Ivorian side came to learn from the Togoelse regulator’s experience.
The Ivorian delegation included representatives of the ministry of communication and digital economy, and of the ARTI, which is Côte d’Ivoire telecom watchdog. During their stay, they mainly had workshops with...
Graduates and upcoming students of the IFAD training institutes in Togo should have more ease getting financing to launch their businesses in the coming years. This is thanks to two partnership agreements signed last Wednesday, March 22, at the IFAD of Elavagnon in the East Mono Prefecture.
The first deal was signed between the Education-Development Agency (AED) and the Ministry of...