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The National Food Security Agency of Togo currently sells cereals at low cost nationwide. The campaign, which will last a month, began on March 20.
The cereals sold are corn, rice, beans, and sorghum, in bags of 50kg and 20kg. According to the ANSAT, each region will receive 200 tons of grains.
The cereals are purchased from farmers during harvest. The operation aims to make sure Togolese...
A delegation of Canadian businesspeople is currently in Togo, exploring opportunities the West African country has to offer. The visit falls under the “Promoting the Togo destination” initiative carried out by Togolese authorities.
Most of the Canadian businessmen of the delegation are from New Brunswick province. They were led by Gaëtan Thomas, President and General Manager of the...
As Serge Ekué emphasized last November, securitization is "the only operation" that can help increase the balance sheet of local banks tenfold, an excellent tool that "will enable us to improve the contribution of the financial sector to national development plans.”
The Banque Ouest Africaine de Développement (BOAD) just launched a securitization operation of $246 million (or CFA150...
The Togolese government held last Tuesday, March 21, a meeting with actors in the local finance industry. The goal was to encourage the actors to support the country’s issues on the WAEMU market more.
"I would like to ask the President of the Professional Association of Banks and Financial Institutions of Togo (APBEF-Togo) to urge banks to further support the Treasury in the mobilization...
The inflation rate should stand at 6.8% in Togo, by the end of December 2023, against 7.6% last year. The figure was disclosed by the National Credit Council (NCC) during its first annual meeting, held on March 21.
According to the NCC, economic activity will be resilient, with economic growth rising by 80 basis points to 6.6%, compared with 5.8% in 2022 and 6% in 2021. It further indicated that...
Following the recent work visit of Niger’s President in Togo, the two countries have decided to create a mixed cooperation commission to boost their relations in various sectors.
The commission will mostly focus on security and transport issues. It will hold its first meeting in the last quarter of this year, in Lomé.
Ahead of the commission’s operationalization, however, the...
The President of Togo, Faure Gnassingbé, recently launched works to extend Blitta’s solar plant, which is located 230km from Lomé. The works should help increase the plant’s capacity, from 50MW to 70MW.
This is the third phase of the project. "This third phase started today will increase the capacity of the Blitta power plant from 50 MW to 70 MW, in line with our national strategy...
The Port Management Association of West and Central Africa, PMAWCA, is holding a meeting in Lomé, Togo, on March 21-24.
“Finance experts and legal affairs practitioners in ports will reflect on key issues like a follow-up of port concessions, procedures of liaising portions of ports domain,” the Association wrote on its website.
The meeting aims to bolster regional cooperation...
Togo and South Africa are working on bolstering their relationship. Last Thursday, the two sides opened a meeting to this end. The meeting was held between a ministerial delegation from South Africa and the Togolese ministry of investment promotion.
Specifically, both sides are working on action plans for investment projects to develop in Togo. Projects of interest fall under Togo’s 2025...
The President of Niger, Mohamed Bazoum, visited the Autonomous Port of Lomé (PAL) yesterday, March 20. He observed the platform’s achievements in improving transit from Togo to Niger.
In detail, the leader visited the port’s docks and operating rooms. He was also introduced to reforms undertaken by the government to improve the PAL’s services–such as measures to reduce the costs and...
The Yoto III municipality in Togo needs CFA4.16 billion to implement its development strategy over the next five years. The strategy was validated on March 15, 2023, in Gboto Vodoupé, the head district of the municipality.
The funds, according to the municipal council, will finance agricultural and entrepreneurial projects. They will also help improve the quality of social services and...
Green Industry Plast-Togo (GIP) won Challenge Works’ Afri-Plastics Challenge. The Togolese company won £1 million to scale its plastic waste collection, sorting, and recycling solution.
GIP is one of the nine teams of innovators from sub-Saharan Africa to which Challenge Works awarded a package of £4.1 million in the final stage of its contest, which was held on 13-16 March 2023 in...
More than five million trees were planted in Togo last year, in line with the country’s reforestation strategy and efforts to fight climate change. The trees were planted over more than 8,000 hectares. The details were communicated on March 15, 2023, during the latest council of ministers.
The government lauded “the strong support of all actors during this reforestation campaign and...
Togo adopted during its latest council of ministers, on March 15, a new decree that will support the country’s efforts to reduce its greenhouse gas emissions (GHG) and make populations more resilient to climate change.
"The adoption of this text, which sets the rules for carbon management mechanisms, will help boost carbon storage while contributing to the fulfillment of Togo's...
The International Finance Corporation (IFC) and Togo's Association of Large Enterprises (AGET) have partnered to support the country's small and medium-sized enterprises (SMEs). Olivier Buyoya, IFC's West Africa director, announced the partnership during a meeting with Prime Minister Victoire Tomegah-Dogbé on March 14.
Under the partnership, IFC will work with the government, large Togolese...
Togo’s telecom watchdog, ARCEP, has opened a new sanction case against Togo Cellulaire (part of the Togocom group) and Moov Africa. The regulator accuses the two mobile operators of providing poor service despite numerous warnings.
In a statement issued on March 15, 2023, the ARCEP noted "a slight improvement in the quality of service" of the two operators, 18 months after the last national...