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The Prime Minister of Togo, Victoire Tomegah-Dogbe, met with the Vice President of the European Investment Bank (EIB), Thomas Östros, last Sunday in Doha, Qatar. It was on the sidelines of the 5th Least Developed Countries Conference (LDC5).
During the meeting, Östros reiterated the EIB’s commitment to supporting Togo’s development. "We understand that we have a lot of investment...
Telecom operator Togocom and Guadeloupe-based company Myditek teamed up to digitize Togolese agriculture and promote precision farming in the West African country. The two signed the related agreement earlier this week.
"Broadly speaking, the idea is to move toward precision agriculture," said Sebastien Luissaint, chairman, Myditek. "Under the partnership with Togocom, we will set up...
In the last quarter of 2022, the Togolese Approval Committee examined 13 projects and approved 12 of them, for a total amount of CFA43 billion. Several sectors have attracted investment, notably the textile industry, wood and construction, agribusiness, mechanics, and services.
Foreign direct investments contributed 99% of the total amount of approved projects, with Indians and Singaporeans as...
In Togo, the National Agency for Public Health (ANASAP) and the Lacs 1 Municipality just received new equipment worth CFA315 million. The equipment was provided by the West Africa Coastal Zone Resilience Investment Project (WACA Resip) on March 7.
The handover ceremony was held at the headquarters of the Project Management Unit. Key figures present included Koffi Aoufoh Dimizou, Secretary...
In Togo, the Support Fund for Youth Economic Initiatives (FAIEJ) has trained nearly 5,500 young entrepreneurs and contributed to the creation of 3,500 jobs in 2022. The Fund itself recently disclosed the figures.
Since it launched, the FAIEJ, a public mechanism that fosters the socio-professional integration of youths, has supported around 30,000 youths and at least 3,600 projects. From its...
Shea collectors in Togo and Burkina Faso will get from the African Development Bank (AfDB) and the Global Shea Alliance (GSA) $1.4 million to grow their business.
The facility falls under an agreement recently signed by the AfDB and GSA, for a climate resilience project covering both countries. The project is entitled "Towards Climate Resilient Shea Communities in Togo and Burkina Faso,"...
In Doha, Qatar, last Saturday, the Prime Minister of Togo, Victoire Tomegah-Dogbe, asked for more support for the least advanced countries. She spoke at the opening of the Fifth United Nations Conference on the Least Developed Countries (LDC5).
The least developed countries, the Togolese leader said, are most hurt by current crises that shake the world –health, economic, climate, and security...
About a week ago, the Togolese government revealed that its stake in Togo Terminal went from 5% to 30%. This is the fruit of a highly-anticipated deal between Lomé and the terminal’s owner, MSC, ending a four-year-long legal dispute between the two sides.
Commenting on the deal, the Council of Ministers of Togo said it “welcomes this win-win agreement that is proof of a mature...
Togo will close another operation on the WAEMU market next Friday, March 10. The operation, a simultaneous issue, is the first for this month and the fifth this year.
The coming operation is an issue of fungible treasury bonds and fungible treasury bills. With it, Togo hopes to secure CFA25 billion from regional investors.
According to the issue note of the market, the bonds have a...
The Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) raised its benchmark rate, again, by 25 points to 3.00%. The lender announced the increase on March 1, after its Monetary Policy Committee meeting, at its headquarters in Dakar.
The benchmark rate is the rate the Central Bank lends to commercial banks in the sub-region. By increasing it, the BCEAO aims to stifle inflation. "This...
Togolese authorities began developing a concept note for eligibility for the Green Climate Fund on March 1. They plan to raise the necessary resources to finance climate-smart agriculture projects.
Specifically, Togo wants to implement innovative and competitive projects, including modern irrigation systems to increase productivity and reduce environmental impact. This preventive approach, the...
South Korea spent CFA2.98 billion between 2019 and 2022 on an education program deployed in Northern Togo. The funds were disbursed through the Korea International Cooperation Agency (KOICA).
In detail, the money was invested in various projects implemented in the Savanes Region. These included projects to improve hygiene and sanitation conditions in the area, and supply individual...
Togo will soon have a National Land Use Strategy (SNAT). Last Tuesday, Feb 28, Prime Minister Tomegah-Dogbe kicked off its elaboration in Lomé.
The SNAT will help map out the country’s disadvantaged areas and enable the government to invest in their development, matching their realities and needs.
The plan will also foster the intensification of social programs across the country. Such...
The Togolese parliament unanimously passed, on Feb 28, a new law that prohibits the development, production, stocking, and use of chemical weapons in the country. Also, the law attaches the National Authority for the Prohibition of Chemical Weapons (ANIAC) to the Presidency.
According to Prof Moustafa Mijiyawa, minister of health, the adoption marks a "critical development" for Togo. The new...
Sandra Ablamba Johnson, the Secretary General of the Togolese Presidency, won on Feb 17 the Gold Medal of the 'Universal League of Public Good'. This is an NGO attached to the UN since 1949 and focused on the promotion of public action and humanitarian values.
A linchpin of Togo's public administration since her appointment in 2020, Johnson received the award in Paris for her contribution "to...
Bank of Africa (BOA) Togo and Yayra Estate signed yesterday a financing agreement for a social housing project. The project, located in Djagblé (15 km north of Lomé), will cover 25 ha and house 2,500 high-standing but affordable apartments.
As part of their agreement, BOA will provide loans to those interested in buying apartments. “Under this partnership, we are willing to grant these...