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Shea collectors in Togo and Burkina Faso will get from the African Development Bank (AfDB) and the Global Shea Alliance (GSA) $1.4 million to grow their business.
The facility falls under an agreement recently signed by the AfDB and GSA, for a climate resilience project covering both countries. The project is entitled "Towards Climate Resilient Shea Communities in Togo and Burkina Faso,"...
In Doha, Qatar, last Saturday, the Prime Minister of Togo, Victoire Tomegah-Dogbe, asked for more support for the least advanced countries. She spoke at the opening of the Fifth United Nations Conference on the Least Developed Countries (LDC5).
The least developed countries, the Togolese leader said, are most hurt by current crises that shake the world –health, economic, climate, and security...
About a week ago, the Togolese government revealed that its stake in Togo Terminal went from 5% to 30%. This is the fruit of a highly-anticipated deal between Lomé and the terminal’s owner, MSC, ending a four-year-long legal dispute between the two sides.
Commenting on the deal, the Council of Ministers of Togo said it “welcomes this win-win agreement that is proof of a mature...
Togo will close another operation on the WAEMU market next Friday, March 10. The operation, a simultaneous issue, is the first for this month and the fifth this year.
The coming operation is an issue of fungible treasury bonds and fungible treasury bills. With it, Togo hopes to secure CFA25 billion from regional investors.
According to the issue note of the market, the bonds have a...
The Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) raised its benchmark rate, again, by 25 points to 3.00%. The lender announced the increase on March 1, after its Monetary Policy Committee meeting, at its headquarters in Dakar.
The benchmark rate is the rate the Central Bank lends to commercial banks in the sub-region. By increasing it, the BCEAO aims to stifle inflation. "This...
Togolese authorities began developing a concept note for eligibility for the Green Climate Fund on March 1. They plan to raise the necessary resources to finance climate-smart agriculture projects.
Specifically, Togo wants to implement innovative and competitive projects, including modern irrigation systems to increase productivity and reduce environmental impact. This preventive approach, the...
South Korea spent CFA2.98 billion between 2019 and 2022 on an education program deployed in Northern Togo. The funds were disbursed through the Korea International Cooperation Agency (KOICA).
In detail, the money was invested in various projects implemented in the Savanes Region. These included projects to improve hygiene and sanitation conditions in the area, and supply individual...
Togo will soon have a National Land Use Strategy (SNAT). Last Tuesday, Feb 28, Prime Minister Tomegah-Dogbe kicked off its elaboration in Lomé.
The SNAT will help map out the country’s disadvantaged areas and enable the government to invest in their development, matching their realities and needs.
The plan will also foster the intensification of social programs across the country. Such...
The Togolese parliament unanimously passed, on Feb 28, a new law that prohibits the development, production, stocking, and use of chemical weapons in the country. Also, the law attaches the National Authority for the Prohibition of Chemical Weapons (ANIAC) to the Presidency.
According to Prof Moustafa Mijiyawa, minister of health, the adoption marks a "critical development" for Togo. The new...
Sandra Ablamba Johnson, the Secretary General of the Togolese Presidency, won on Feb 17 the Gold Medal of the 'Universal League of Public Good'. This is an NGO attached to the UN since 1949 and focused on the promotion of public action and humanitarian values.
A linchpin of Togo's public administration since her appointment in 2020, Johnson received the award in Paris for her contribution "to...
Bank of Africa (BOA) Togo and Yayra Estate signed yesterday a financing agreement for a social housing project. The project, located in Djagblé (15 km north of Lomé), will cover 25 ha and house 2,500 high-standing but affordable apartments.
As part of their agreement, BOA will provide loans to those interested in buying apartments. “Under this partnership, we are willing to grant these...
Seven out of 10 Togolese approve of how the government handled the Covid-19 outbreak. This is the conclusion of a survey that Afrobaromètre conducted in March 2022 and whose results were released on February 27. The survey covered 1,200 people.
The majority of the surveyed are satisfied with the government’s efforts in mitigating disruptions in the education sector and providing...
The Togolese government organized last week a meeting with local micro, small, and medium enterprises (MSMEs). Launched in partnership with the German Ministry of Economic Cooperation and Development (BMZ), the two-day meeting aimed to get the businesses more acquainted with trade agreements ratified by Lomé.
Sharing information with the MSMEs should, according to the organizers, enable them to...
A German delegation met with executives of the Calafi Sarl, a Togolese firm active in technology transfer, clean energy, and agribusiness. The meeting was held in Togo on February 27.
The two sides discussed investment opportunities in Togo, especially in agriculture and financing in the sector. The talks mostly covered promising sub-sectors like organic soybeans, and pineapples, but also...
Togo’s Prime Minister, Victoire Tomegah-Dogbe, recently inaugurated a new shea butter factory in Gbatopé, in Zio, a prefecture of the Maritime region.
The plant, which was inaugurated on Feb 24, cost CFA1.8 billion. The project, named Label d’Or, was co-financed by the United States Agency for International Development (USAID).
Every year, the plant should produce 4,300 t of butter...
The fourth stage of the Farmers Forum of Togo (FOPAT) ended last Saturday, Feb 25. The event lasted three days and was held in Sokodé, Central Region. On the occasion, farmers of the region reviewed with President Gnassingbe the 2020-2025 government roadmap and its actions to develop agriculture, in the Central region in particular.
In line with the roadmap, various measures were taken to make...