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Togo’s treasury raised CFA14 billion on the WAEMU market last Friday, Feb 24. The amount is less than half of what the country was seeking–CFA35 billion.
The operation was a simultaneous issue of fungible bonds and bills. The fungible bills, which yielded CFA6.5 billion for the country, mature over 364 days while the bonds have two maturities, some maturing over 3 years and the others over...
Nutrisource, a Singaporean firm, should open its first fertilizer factory in sub-Saharan Africa before the quarter ends. Located in Togo, the facility should produce up to 200,000 t of NPK fertilizer per year.
The plant is being built at the Industrial Platform of Adetikope (PIA). According to one of the executives of Arise IPP, the company that manages the PIA, “construction is almost...
The government and the private sector had their first consultation meeting of the year on Thursday, Feb 23. The meeting was chaired by Prime Minister Victoire Tomegah-Dogbe, and it revolved around “the dynamics of private investment and the financing of SMEs and SMIs”.
In detail, the participants discussed the current crises shaking the world, such as Covid-19, the war in Ukraine, and how...
The number of road accidents recorded in Togo slightly increased over the past year. From 7,392 in 2021, the figure stood at 7,507 in 2022 (+1.5%), according to a report presented by the ministry of safety and road protection, and the ministry of road, rails and air transport on 21 February 2023.
Last year, the sources added, 683 people died in road accidents, and 9,918 people were injured. This...
Since August 2021 when Togolese authorities made it possible for citizens to obtain their criminal record and certificate of citizenship online, almost 350,000 bulletins have been issued. This is against 50,000 before, thus corresponding to a 600% increase in less than two years.
The minister of justice and legislation Pius Agbetomey, disclosed this during the Council of Ministers on Wednesday,...
In Togo, wage gaps between employees of Togo Cellulaire and Togo Telecom should reduce soon. Togocom, the two firms’ parent company, signed a collective convention to this end with its unions on February 21, 2023. The signing marks the end of talks started in April 2021 by the concerned parties.
Besides wages, the convention will enable the harmonization of bonuses, indemnities, and...
Lomé will host the Africa Fintech Tour 2023 next week, on February 28. “Digital development and improving financial inclusion in Togo” is the theme of the event.
Several actors from the private and public sectors, including banks, insurers, digital currency issuers, and the ministries of economy and the digital economy will attend.
The forum will host panels, presentations of studies,...
The World Bank (WB) will spend CFA39.7 billion in Togo for its Regional Emergency Solar Power Intervention Project (RESPITE). The two parties signed the related loan agreement on February 21, 2023, in Lomé, Togo.
Part of the funds, which will be provided through the World Bank’s International Development Association (IDA), will serve to build a 25 MWp solar plant with 40 MWh of battery...
In Togo, the municipalities of Kloto (Kloto 1, 2, and 3) will seek about CFA20 billion over the next five years. The funds will help the municipalities have greater access to sustainable energy, as part of the Action Plan for Access to Sustainable Energy and Climate (PAAEDC) in the communes of Kloto.
The PAAEDC is a five-year plan (2023-2028) that aims to help beneficiaries adapt to...
Over this year and the next, the World Bank will provide Togo with budgetary support of $200 million (CFA120 billion). The facility should cover sectors such as agriculture, energy, financial inclusion, education, social protection and gender.
This was disclosed on February 20, 2023, during a meeting between the Togolese Secretary General of the Presidency of the Republic, Sandra Ablamba...
Robert Dussey, Togo’s minister of foreign affairs, was in Germany last week. He attended the Munich Conference on Security on February 17-19.
At the event, the Togolese official met with several counterparts from European countries, including Germany, Latvia, Slovenia, and the Netherlands.
With the German Federal Minister of Foreign Affairs, Annalena Baerbock, Dussey talked about the...
A delegation from the Millennium Challenge Corporation (MCC) met with Togo’s Prime Minister, Victoire Tomegah-Dogbe, last Friday, in Lomé. The delegation was led by the MCC’s deputy director, Mahmoud Bah.
After the meeting, Bah announced that a task force will be dispatched to assess all projects financed under the MCC’s Compact program for which Togo was declared eligible in December...
Togo just launched its fourth issue on the WAEMU market this year. It is a simultaneous issue of fungible treasury bonds and fungible treasury bills and the country hopes to raise CFA35 billion through the operation.
In detail, the bonds have a nominal value of CFA10,000 and mature over 3 and 5 years with respective interest rates of 5.5% and 5.7%. As for the bills, they have a nominal...
The IMF said it will help Togo fight terrorism, in its northern region especially, and bolster security. The commitment was made in Lomé last Friday, during a meeting between an IMF delegation and the Togolese Prime Minister, Victoire Tomegah-Dogbe. The delegation was led by Hans Weisfeld.
The two parties mainly reviewed the security situation in Northern Togo and the government’s...
The Kara Hotel is hiring a manager. The ministry of culture and tourism launched a call for applications to recruit the manager on February 17.
The winning applicant will be tasked with coordinating and monitoring all the hotel’s activities, making sure that it is profitable and sustainable. He or she will also streamline the facility’s governance so it can get another star. This...
The Grassroots Development Support Program (PRADEB) officially ended yesterday, February 16. Supported by the Banque Ouest Africaine de Développement (BOAD), the State program lasted 10 years.
The PRADEB led to the formation of 578 economic interest groups (EIGs), the installation of 200 multifunctional platforms, and over CFA2 billion was loaned to 1,200 young people as part of the...