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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...
The Togolese President, Faure Gnassingbé, met India’s Ambassador to Togo, Ram Saajiv Tandon last Tuesday. They reviewed the relationship between the two countries and talked about cooperation prospects for 2023.
"We talked about many areas of cooperation where we have made a joint effort to promote our bilateral ties in recent months. I took the opportunity to relay to the President of the...
Yesterday, Jan. 17, the Council for Foreign Economic Relations of Turkey (DEIK) and the National Council of Employers of Togo (CNP-Togo) signed a memorandum of understanding to boost their economic cooperation.
The MoU was signed during “Togo day”, a virtual conference organized by the Togolese ministry for investment promotion and the Turkish embassy. Its goal is to dynamize relations...
Togolese holding a diplomatic passport no longer need a visa to travel to Serbia and vice versa. The ministers of foreign affairs of both countries signed an agreement to this end on January 16, 2023. The document was signed in Serbia.
"I have strengthened the ties of friendship and cooperation between Togo and Serbia through the signing today, with my colleague and friend Ivicom DAČIĆEM,...
Togo will organize the 9th pan-African congress of Lomé in 2024. Though the exact date is still unknown, its theme is: "Renewal of Pan-Africanism and Africa's place in global governance: mobilizing resources and reinventing ourselves for action."
Robert Dussey, the Togolese minister of foreign affairs made the announcement last week, after a forum that he co-chaired in Morocco.
The...
Starting tomorrow, Lomé will host a two-day parliamentary conference on the fight against terrorism and violent extremism. During the meeting, participants will explore possibilities for cooperation between parliamentarians, youth NGOs, and civil society organizations (CSOs), in line with the event’s theme.
There will be over 250 participants including presidents of national assemblies,...
Togo raised far less than it expected for its first issue on the WAEMU market this year. Last Friday, the country’s treasury raised CFA16 billion on the regional market, against CFA30 billion sought.
The operation, a simultaneous issue of treasury recovery bonds (with different maturities), recorded 10 participants and while the country retained 16 billion, the operation mobilized 26...
Robert Dussey, Togo’s Minister of foreign affairs, was in Morocco last week to host a forum on the reduction of the costs of remittances sent by the African Diaspora. Dussey co-hosted the event with his Moroccan counterpart, Nasser Burrita.
The forum, which is part of the 2021-2031 agenda of the Decade on African Roots and the African Diaspora, focused on mechanisms and tools likely to...
The Togolese minister of trade and industry, Kodjo Adedze, and the U.S. ambassador in Togo, Elizabeth Fitzsimmons, met last Thursday, Jan 12.
According to the Togolese Ministry of trade, the two talked mostly about the African Growth and Opportunity Act and opportunities for boosting trade between the U.S. and Togo.
Since its introduction, 23 years ago, by President Clinton, and...
The African Guarantee Fund (AGF) plans to bolster its action in Togo, especially in terms of financing SMEs/SMIs and promoting green finance. Felix Bikpo, chairman of the Fund’s board of directors exposed the ambition to President Gnassingbe on Jan 10.
During his audience with the Head of State, Bikpo emphasized that the AGF’s plans align with Togo’s new socio-economic development policy...
Togo’s government recently adopted a bill to boost digital and technological innovation. The bill was passed on January 11, during the council of ministers.
A “Tech” labeling mechanism
The bill aims to foster the innovation ecosystem in Togo, by creating a labeling mechanism for startups and companies in the Tech industry. According to the authorities, this labeling will be done...
Between August 2021 and December 2022, the government of Togo poured around CFA 2 billion into the WEZOU program, against a forecast of CFA3 billion for the scheme’s first year of operation. Mamissilé Akla Agba Assih, Minister Delegate in charge of Universal Access to Health Care, presented the assessment to the Council of Ministers on, January 11, 2023.
The money covered the healthcare...
In Q3 2022, Togo’s exports generated CFA140.8 billion for the country. This is 4.3% lower than during the same quarter the previous year, and 12.4% lower than in Q2 2022. The figures were disclosed by Togo’s institute of statistics, INSEED.
Phosphates ("Natural calcium phosphates, natural alumino-calcium phosphates, and phosphate chalk") made up 16.9% of the exports over the...