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Inflation kept improving in Togo in recent months. From 6.6% in August, it fell to 6.2% in September, according to the National Institute of Statistics (INSEED).
The decline was mainly driven by lower prices for food products ("Food products and non-alcoholic beverages", which fell by -2.4%) and "Leisure and culture" (-1.4%). This brought the National Harmonized Index of Consumer Prices (NHICP)...
Togolese exports amounted to CFA212.25 billion in Q2 2023. The figure, disclosed by the country’s Institute of Statistics (INSEED), corresponds to 993,316.5 tons of goods. Value-wise, the exports were up by only 0.2% compared to the previous quarter.
Phosphate still on top
During the quarter reviewed, the 10 most exported goods made up 67.7% of the total export value...
Lomé is hosting since October 23 a five-day regional meeting on civil aviation. Gathered at the roundtable are WAEMU experts and technical executives of the sector.
Participants will plan and draw short, medium, and long-term forecasts for air operations; economic factors and other data involved in the development of ground plans; and the assessment of the capacity of facilities and...
The Togolese government recently adopted a decree to regulate the use of public transport vehicles, including taxis, taxi-bikes, and tuk-tuks. The decree was adopted last week at the Council of Ministers.
The move aims to tackle several issues, such as road insecurity, air pollution, and low profits in the public transport sector.
Drawn in collaboration with representatives of...
The Togolese minister of water and rural hydraulics, Yark Damehane, launched last Friday the third phase of the PASSCO, a project to improve health conditions in rural and school environments. Under this phase, 200,000 people in rural areas will get drinking water by 2025.
In detail, 850 boreholes will be built and equipped with manual pumps. The French Development Agency (AFD) will...
In the past 10 years, BOA Togo has had over 65,000 accounts opened. The milestone was disclosed by Youssef Ibrahimi, Managing Director BOA Togo, at the launch of the bank's Tin Jubilee celebrations.
The accounts, according to the lender’s management, are mostly owned by individuals and SME owners.
BOA Togo has been active for 10 years now. In 2021, it was the eighth biggest bank...
Togo's National Solidarity Agency (ASN), will undergo institutional and organizational reforms. The move was spurred by President Faure Gnassingbé himself.
Announced at the latest Council of Ministers meeting last Friday, the reforms will, according to the government, help the Agency adapt to the new administrative ecosystem and meet the country’s current challenges of indigence and...
Togo will soon launch a Social Sector Support Fund (FASS in French). The project was examined and adopted last Friday in Lomé, at the Council of Ministers.
The upcoming Fund will guarantee universal health insurance and support social programs and projects, funded by the State–in full or part.
The Fund will operate through a mechanism that will centralize all resources dedicated to the...
As part of the Food for Progress program, Togo will receive $29.8 million from the United States Department of Agriculture (USDA). The funds will bolster Togolese agriculture, overall, and horticulture in particular. The program will be steered by the "Lutheran World Relief" (LWR), a US organization that promotes sustainable agricultural practices.
Already, LWR is looking for top management...
This month, the WURI biometric ID project launched the second proof of concept for its enrolment platform.
Scheduled to end on November 4, 2023, this phase of the project aims to enroll at least 2,000 people in the Grand Lomé area, the Maritime, Central, and Plateaux regions. The first proof of concept was carried out from April 20 to May 26, 2022.
In the Grand Lomé, this new phase will be...
Togo and Benin inked on October 18, 2023, a memorandum of understanding (MoU) in Lomé for the implementation of community roaming between the two countries. The signing followed a two-day meeting on roaming regulation in the ECOWAS. The talks gathered mobile operators from Benin and Togo and the two countries' telecom regulators.
The deal enables Togolese residents traveling to Benin to enjoy...
A Togolese delegation was in the US last month on a mission to explore private American companies active in the digital sector. The mission was carried out as part of the formulation process for the Millennium Challenge Corporation's (MCC) 'Compact' Program, by the Compact Program's National Coordination for Togo.
During the trip, the Togolese delegation presented the West African country’s...
The Ministry of Agriculture and Livestock of Togo launched the "Agricultural Transformation in the Nigerian Federal States and Togolese regions towards Achieving Zero Hunger" project in Lomé last week on Thursday, October 12.
The project carried out in partnership with "AfricaRice and the International Institute of Tropical Agriculture (IITA)", runs for three years and aims to improve...
One of the main threats to cybersecurity in Togo is the lack of awareness regarding the topic. That is according to the head of the country’s national agency for cybersecurity (ANCy), Cdt. Gbota Gwaliba. The official recently spoke to the media on the sidelines of the launch of the ECOWAS sub-regional hackathon on cybersecurity.
Main challenges
“The first vulnerability is that the...
Togo is hosting the World Trade Organization's (WTO) Regional Trade Policy Course. The course was launched on October 16 in Lomé, the capital, by Kayi Mivedor, Togolese Minister of Trade. It will last eight weeks.
Throughout the program, officials from ministries of trade of French-speaking African countries will exchange views on the WTO’s fundamental principles. It will provide participants...
At the 8th World Investment Forum held in Abu Dhabi, Faure Gnassingbé, President of Togo, met with Dushyant Thakor, Deputy Executive Director of the World Association of Investment Promotion Agencies (WAIPA).
According to the Togolese Presidency, this was an opportunity to explore partnership opportunities between Togo and WAIPA, toward greater investment in the country.
At the end of the...