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In 2023, Togo exported more than CFA433 billion in goods to countries within the West African Economic and Monetary Union (WAEMU), according to BCEAO data. Burkina Faso, Benin, and Mali led the way, receiving CFA100 billion, 98.3 billion, and 94.8 billion in exports respectively. Together, these three nations accounted for over two-thirds of Togo’s regional exports.
Meanwhile, Togo imported...
Senegalese President Bassirou Diomaye Faye met with Togolese Council President Faure Gnassingbé in Lomé on Friday, July 25. Their private discussion addressed various bilateral and sub-regional issues, including peace and security, the economy, youth, regional integration, and culture, all areas of long-standing ties between Togo and Senegal.
While specific details of the discussions were not...
The commune of Wawa 1 in Togo’s Plateaux region officially launched its Communal Development Plan (CDP) on July 23, in Badou.
The CDP is a five-year blueprint designed to coordinate and streamline local development efforts. GIZ provides technical support for the plan through its ProDeG IV program.
The plan focuses on setting clear social, economic, and environmental priorities for the...
Belife Insurance, a new brand backed by the Brown family, has officially taken over operations from Prudential Beneficial in Togo's life insurance sector. This follows a full acquisition of assets from the Prudential Plc and Beneficial Group joint venture, finalized earlier this month.
The acquisition gives Belife Insurance control of Prudential’s Togolese subsidiary, which serves over 52,000...
Faye continues sub-regional tour with focus on trade cooperation and ECOWAS mediation.
Highlights:
Discussions to center on trade ties and ECOWAS reintegration efforts
Visit follows stops in Côte d’Ivoire and Benin; Liberia next
Senegalese President Bassirou Diomaye Faye is expected in Lomé on Friday, July 25, for a working visit aimed at strengthening bilateral and regional ties. The...
Lomé and Moscow are solidifying their military ties. On July 22, Russia’s legislative committee approved a bill to ratify a framework agreement on military cooperation with Togo. This step follows the signing of the agreement a few months earlier.
The deal includes joint military exercises, training for Togolese soldiers, security intelligence exchange, and free emergency medical...
Starting in August 2025, Lomé will host a floating terminal with a 160,000 metric ton capacity, operated by United Petro Group (UPG).
This new oil infrastructure will comprise 60,000 metric tons of gasoline and 100,000 metric tons of diesel, stored on a vessel anchored offshore. It aims to ensure an uninterrupted supply to key markets in West and Southern Africa, including Ghana, South Africa,...
American diplomat visits West Africa’s fourth-largest container hub to explore opportunities for U.S. firms amid rising trade barriers.
Highlights:
The US seeks to capitalize on Lomé’s strategic deep-water port for greater African market access.
Togo’s exports to the U.S. rose from $20M in 2021 to $97M in 2024.
New U.S. tariffs risk undermining growth; AGOA status remains...
Togo plans to pay CFA12.121 billion on August 17, 2025, as part of the partial repayment of its Islamic sovereign bond, “Sukuk State of Togo 6.50% 2016-2026.” The Regional Securities Exchange (BRVM) announced this payment schedule.
Lomé launched this Sukuk in July 2016 to raise CFA150 billion. The proceeds financed key economic and social development projects across the country.
The...
Togo's external debt continues to offer more favorable financing conditions than its domestic debt. According to the latest data from the Ministry of Economy and Finance, the average interest rate on external debt was 1.58% at the end of 2024. In contrast, debt contracted on the regional market carried an average rate of 6.65%.
This cost difference is explained by the nature of Togo’s external...
Highlights:
• New facility spans 600 m² with a 540-tonne storage capacity• Equipped with ventilation, leak detectors, fire-fighting, and surveillance systems• The project aims to enhance safety and environmental protection in the chemical sector
A modern and safe warehouse for storing chemical products was recently inaugurated in Cinkassé, northern Togo. Eco Business developed the...
Highlights:
• The program was validated on July 18 in Défalé, Kara region• It targets local actors: agents, teachers, youth, and community leaders• The GEF, UNDP, and the Togolese government backed the initiative
In Togo, a training program promoting sustainable management of land and forest ecosystems was validated on July 18 in Défalé, Doufelgou 2 commune (Kara region).
The...
Highlights:
• Bidding closes on September 5, 2025. Work to begin in November• Project to benefit over 35,000 people and create 600+ jobs• Part of Togo’s push for universal electrification by 2030
Togo has recently launched an international tender to electrify 172 rural communities as part of its national initiative to expand access to energy. The project is steered by the Ministry of...
Togo advances the renovation of Kara University Hospital Centre (CHU) with 35% of work done by June 2025. President of the Council Faure Gnassingbé visited the project site on July 21 to assess progress and consult contractors. This visit followed a recent inspection by the country’s Health Minister.
Dans le cadre du suivi rapproché des projets structurants de la Feuille de route...
Togolese businesses and the state primarily drove bank credit demand in 2024, according to the latest BCEAO report on banking conditions in the West African Economic and Monetary Union. Non-financial corporations received 658.3 billion CFA francs in bank credit, an increase from 2023, making them the top source of demand.
The state followed, receiving 133.1 billion CFA francs. This was an...
Togo’s medical council is preparing legal action against dozens of doctors accused of practising without licenses, its president said last week.
Dr. Békéti Katanga Anthony, recently reappointed for a four-year term as President of the National Order of Doctors of Togo (ONMT), announced the move as part of a broader push to clean up the country’s healthcare sector.
The ONMT has identified...