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A delegation from the Millennium Challenge Corporation (MCC) met with Togo’s Prime Minister, Victoire Tomegah-Dogbe, last Friday, in Lomé. The delegation was led by the MCC’s deputy director, Mahmoud Bah.
After the meeting, Bah announced that a task force will be dispatched to assess all projects financed under the MCC’s Compact program for which Togo was declared eligible in December...
Togo just launched its fourth issue on the WAEMU market this year. It is a simultaneous issue of fungible treasury bonds and fungible treasury bills and the country hopes to raise CFA35 billion through the operation.
In detail, the bonds have a nominal value of CFA10,000 and mature over 3 and 5 years with respective interest rates of 5.5% and 5.7%. As for the bills, they have a nominal...
The IMF said it will help Togo fight terrorism, in its northern region especially, and bolster security. The commitment was made in Lomé last Friday, during a meeting between an IMF delegation and the Togolese Prime Minister, Victoire Tomegah-Dogbe. The delegation was led by Hans Weisfeld.
The two parties mainly reviewed the security situation in Northern Togo and the government’s...
The Kara Hotel is hiring a manager. The ministry of culture and tourism launched a call for applications to recruit the manager on February 17.
The winning applicant will be tasked with coordinating and monitoring all the hotel’s activities, making sure that it is profitable and sustainable. He or she will also streamline the facility’s governance so it can get another star. This...
The Grassroots Development Support Program (PRADEB) officially ended yesterday, February 16. Supported by the Banque Ouest Africaine de Développement (BOAD), the State program lasted 10 years.
The PRADEB led to the formation of 578 economic interest groups (EIGs), the installation of 200 multifunctional platforms, and over CFA2 billion was loaned to 1,200 young people as part of the...
The mandate of Aliou Dia, the Resident Representative of the UNDP in Togo, has come to an end. The UN official announced his departure during a meeting with the Togolese Prime Minister on February 16.
Dia spent four years in Togo, and during his mandate, UNDP activities in Togo focused mainly on health, education, the environment, sustainable development, energy, decentralization, and...
Togolese ministers adopted on February 15 a decree that sets the conditions for laying the submarine fiber optic cable across the country. The decree was adopted during the council of ministers and it also covers the processes for securing necessary authorizations and certificates for laying the cables or building landing stations.
Concretely, the decree aims to draw a regulatory framework...
David Malpass, President of the World Bank Group, will step down by June 30, 2023. The 66-year-old announced the news on February 15 in a press release. In the latter, Malpass said he wanted to pursue “new challenges”, without giving more details.
“The Bank Group is fundamentally strong, financially sustainable, and well positioned to increase its development impact in the face of urgent...
The World’s leading Organic Food Fair (BIOFACH) goes on in Nuremberg, Germany. Started on February 13, the fair ends on Feb 17th, and a Togolese delegation of about 10 biologic MSMEs.
The delegation showcases tropical products produced in Togo, like pineapple, cashew, and fonio. They will also build new partnerships to increase their exports to new countries and consolidate existing...
Several actors of the Togolese blue economy are holding a national workshop in Lomé. The goal of the workshop is to validate a development strategy for the sector. This strategy should cover afive yearsand cost CFA205.54 billion, according to recent information.
Improving blue economy governance, implementing reforms needed to draw the appropriate legal tools needed in the sector, and...
The Togolese State plans to allocate a budget of CFA1.1 billion to fishing and aquaculture this year. This is about half of the maritime economy ministry for 2023: CFA2.3 billion.
The funds will enable the Togo Aquaculture Project (PDAT) to continue. The latter is currently at the pilot stage and is being carried out at the Nangbeto Lake.
According to the ministry, the money will specifically...
The first batch of the Institut de formation en alternance pour le développement (IFAD-Aquaculture), the first aquaculture school of Togo, just graduated.
The graduation ceremony took place last Friday (Feb 10) and was presided over by President Gnassingbé. A total of 113 people graduated, including 27 females.
The program included three years of formal training followed by the...
Togo and the UN System (UNS) just signed a new cooperation on sustainable development. The deal, which was signed on Feb 14 in Lomé, covers the 2023-2026 period.
Over that period, the UNS will invest $247 million (about CFA150 billion) in several projects and programs that fall under the government’s roadmap. These projects focus on three major goals. The first is to achieve...
The Global Fund to Fight AIDS, Tuberculosis and Malaria will allocate €112 million to Togo (CFA74 billion) for the period 2023-2025.
The minister of health is holding a national workshop focused on the allocation, and the session will define the various programs that will benefit from the funding. Also, during the workshop, participants will draw the country application that will be...
Over the past decade, over 45,000 rural jobs have been created or improved as part of the Rural Development and Agriculture Development Program (ProDRA). The information came from GIZ, the German cooperation that steers the Togolese program.
The ProDRA, according to the source, also helped raise the income of more than 12,000 agricultural actors in Togo over the period (with an average...
In Togo, the government will seek CFA35 billion more to accelerate the deployment of the Savanes Region Emergency Program (PURS in French), a program aimed at making the people of this region more resilient to terrorist attacks. This was revealed last Thursday, during a meeting between the government and its technical and financial partners (TFPs) on the project.
The government counts...