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The World Bank’s branch in Togo launched this week, consultations with various development actors, towards the elaboration of its new Country Partnership Framework (CPF) with the West African State. The new document will cover the years 2023 to 2027.
The recently-launched consultations involve deputies, the private sector, civil society organizations, the media, women and youth organizations,...
The Togolese government plans to spend CFA25 billion on water supply projects this year, according to the 2023 finance bill. The sum is 8% higher than that spent in 2022: CFA23 billion.
Just like in 2022, several projects should be launched or accelerated this year. These include, for example, the national clean water supply plan or the Support Program for Vulnerable Populations...
In 2022, the African Development Bank’s (AfDB) portfolio in Togo stood at CFA202.12 billion, with a disbursement rate of 61.5%.
This is one of the topics discussed last week by the Togolese President, Faure Gnassingbe, and the pan-African bank’s chief, Adesina Akinwumi talked about. The two men met last week to review the Bank’s actions in Togo over the past year, as well as its...
The President of Togo, Faure Gnassingbé, was in Kara last Tuesday, Jan 24. He met with the regional directors of the deconcentrated services of the Central, Kara, and Savanes regions.
The meeting was an occasion for local actors to discuss the execution, evaluation, and monitoring of key projects that fall under the government’s 2025 roadmap. President Gnassingbe, especially, talked...
The first edition of the Togo Youth Innovation Week was officially launched Tuesday, January 24 in Lome. The event, which runs until Friday, January 27, celebrates youth innovation.
The event is themed: "Innovation at the heart of a strong, inclusive, and prosperous economy". On the first day, participants attended a Keynote on "the concept of innovation, related issues, and prospects"....
A week ago, on Jan 19, Togo and UNICEF discussed their upcoming 2024-2026 cycle program. In detail, they talked about speeding up the elaboration of a new country program focused on the major issues that children face in Togo. This program will be developed based on lessons drawn from the 2019-2023 country program.
The development of this new cooperation framework will also take into account the...
Lomé will host the next Entente Council summit. The organization’s executive secretary, Marcel Amon-Tanoh, confirmed the news last Friday, Jan 20, after an audience with Togo’s President, Faure Gnassingbé who happens to be the current chair of the Entente Council summit.
When they met, Amon-Tanoh presented President Gnassingbé the annual report of his activities since he was elected...
Lomé, Togo’s capital, will host the second edition of the pan-African Poultry Conference (PPC) on May 16-18, 2023. The theme picked by the organizers–the Regional Center of Excellence on Poultry Science (CERSA) and the World Poultry Science Association (WPSA)-is “Competitiveness and inclusiveness of the poultry value chain in Africa”.
The forum will bring together over 300 stakeholders...
Construction and rehabilitation work on Togo’s N°14 National Road began on January 23, 2020. They were launched by the country’s PM, Victoire Tomegah-Dogbe, at Birini-Doubouidè, in the Tchaoudjo prefecture (340 km north of Lomé).
The cost of the project is CFA68 billion and it is backed by UK Export Finance which provided a CFA50 billion guarantee for its execution. British firm...
Togo currently leads the financial inclusion race in the West African Economic and Monetary Union (WAEMU). In 2021, the country recorded a financial inclusion rate of 85.72%, 3 percentage points more than in 2020. This put Togo ahead of Benin (85.52%, 2nd) and even Ivory Coast (82.2%, 3rd) which is the WAEMU’s biggest economy.
The figures were disclosed last Wednesday, during the...
On 27 January 2023, Togo will carry out its second issue on the WAEMU securities market. The country will attempt to raise CFA35 billion via a simultaneous issue of fungible treasury bonds and securities.
The bonds have a nominal value of CFA10,000, maturing over 3 and 7 years. Securities for their part have a nominal value of CFA1 million, maturing over 182 days.
According to the issue’s...
Togo’s artisanal fishermen caught 6,687,015 kg of fish last year. Thus, 50% more than in 2021: 4,129,423 kg.
The figures were reported last Thursday, Jan 19, by the ministry of fisheries. The output consolidates the sector’s growth; in 2020, artisanal fishing produced 3,450 t of fish.
The ministry attributes the growth to the “opening of a new fishing port and fish market in Lomé,...
Togo should record economic growth of 6.6% (real GDP) this year. The forecast was disclosed last Wednesday, by the minister of finance, Sani Yaya, during the council of ministers.
Yaya, on the occasion, presented the country’s economic situation in Q3 2022, but also the region’s and the world’s.
According to the official, the quarter was good for Togo. The national situation in the...
Togo’s imports in Q3 2022 were valued at CFA511.17 billion, against CFA140.8 billion for exports. It thus recorded a commercial deficit of about CFA370 billion that quarter.
According to the source, the National Institute for Statistics (INSEED), Belgium was Togo’s leading goods supplier during the period concerned. The value of imports from the European country stood at CFA128.16...
During the 2021-2022 academic year, the Togolese government (and its partners) spent CFA1.78 billion on its school canteen program. The Minister of Grassroots Development, Myriam Dossou-d’Almeida, said this Wednesday, during the Council of Ministers.
The monies covered 906 schools and 132,153 pupils spread across the country’s most vulnerable areas. In 2020-2021, the program covered 94,712...
Last month, KingCafé, a Togolese company that is specialized in the industrial processing of coffee and cocoa, signed technical partnership agreements with Morola and Veronesi, two Italian firms that operate in the same sector.
With the first, Morola, KingCafé landed a patent-sharing deal. The deal with Veronesi will allow the Togolese firm to improve the quality of its coffee. Paul...