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The government of Togo wishes to make expropriation procedures less costly and simpler. In this framework, the Council of Ministers of October 17 evaluated a draft bill to amend the land and property code.
"Indeed, the implementation of these procedures has revealed too much complexity and a prohibitive cost for the state," the government wrote in a statement. "In order to address...
A terrorist attack will be simulated in Lomé’s administrative district next Thursday, October 20. The ministry of security and civil protection made the announcement in a statement issued on October 17, 2022.
The upcoming exercise is "part of the training of security forces, devoted to specialized intervention techniques," according to the note signed by Brigadier General Yark Damehane, the...
After landing the Threshold program, currently underway, Togo keeps striving to secure the Compact next. The latter, let’s emphasize, is the most important support mechanism of the American Millennium Challenge Corporation (MCC).
Last Thursday, Oct. 13, Togo’s President, Faure Gnassingbé, met MCC’s Executive Director Alice Albright. The two parties took the opportunity to review the...
In the past three years, the State’s Support Fund for Territorial Collectivities (FACT) spent nearly CFA15 billion on local municipalities. The minister of territorial administration disclosed this during the council of ministers held in Lomé on October 17.
"These funds made it possible to carry out collective social works even if there are still challenges regarding the optimal use of these...
Togo retained CFA33 billion out of CFA70 billion raised on the WAEMU-securities market last Friday, Oct. 14. The amount mobilized exceeds the country’s target - CFA30 billion - for the issue of fungible treasury bonds.
The issue, a simultaneous issue, comes shortly after Togo scaled up its fundraising ambitions for the year, due to a 5.4% increase in the budget imputed to global inflation and...
Sun King, the solar home energy solutions provider, recently revealed it acquired Soleva, an operator and distributor of off-grid solutions active in Togo, among other countries.
Before Sung King bought Soleva, the two businesses were partners on the Cizo project, a rural electrification project initiated by the Togolese presidency. Under their partnership, Soleva distributed the solar kits of...
After jumping by 50% in 2021, passenger traffic at Lomé airport kept growing in the first half of 2022. In H1 2022, the number soared by over 40.8%, official sources revealed. Air freight also grew over the period, though very little (+1.8%).
The growth in passenger traffic is attributable to borders reopening, worldwide, and key sectors, like tourism, recovering. Also, in Togo, the...
The United Nations Development Program (UNDP) granted $141,000 (about CFA95 million) to six Togolese civil society organizations (CSOs) invested in environmental protection. The related agreement was signed last Thursday, in Lomé.
The six CSOs will use the money to launch environmental and natural resource management projects across Togo. The projects, which will be carried out over a...
In line with efforts to tackle corruption, Togo recently adopted a five-year strategic plan. Drawn up by the High Authority for the Prevention and Fight against Corruption and Related Offences (HAPLUCIA), the plan was presented on October 13, 2022, in Lomé to the country's various socio-economic actors and technical and financial partners.
The new strategy has three major axes. The first aims...
President Gnassingbé met with David Malpass, president of the World Bank, last Wednesday in Washington. The Togolese leader was with several members of his government.
Among others, the talks focused on Togo’s development priorities, such as economic growth, economic diversification, cash transfers to help the poor, business climate and its improvement, and digitalization. Emphasis was...
Traffic at the port of Lomé slumped by 6% over the first six months of this year, according to official sources.
Though Togolese authorities did not explain the decline, it could be due to higher freight costs worldwide, pushed by inflation, the Ukrainian war, plus the disruption of production tools and logistics chains. Indeed, these various factors caused economic operators to postpone...
Togolese President Faure Gnassingbé met with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on October 12, 2022, in Washington, D.C. The meeting took place on the sidelines of the Annual Meetings of the Bretton Woods financial institutions.
According to the Togolese presidency, the two personalities discussed the financing of development actions,...
The Togolese government scaled how much it wants to raise on the regional money market this year. Initially, Lomé was looking to get CFA533 billion from this market but it has now set sight on CFA663 billion, which is CFA130 billion or 24% more.
The revision aims to cover the government’s new budget expenses. Indeed, the budget, which now stands at CFA1,872 billion, is up by 5.4%...
The 48 new representatives of the High Commission for Togolese Abroad (HCTA) are now known. The HCTA’s electoral commission revealed their names yesterday, October 12, in Lomé.
The new representatives will take office in December 2022 for a three-year term ending in 2025. Throughout the period, they will take steps that will boost the diaspora’s contribution to Togo’s...
Yesterday, in Kpalimé, the UNDP and the Sheyi Emmanuel Adebayor Foundation (SEA) signed a partnership to ensure socio-professional incubation and insertion of youth into agribusiness.
Collaborating with Tové’s agricultural training institute (INFA), the two partners will provide theoretical and practical support to the youth, and help them draw their business projects in the fishing...
Togo is a go-to source for other ECOWAS countries, when it comes to beauty products: lipsticks, mascara, wigs, beards, eyebrows, locks, etc. Every month, hundreds of traders flock to Lomé (Togo’s capital) to stock up on these products.
According to the National Institute of Statistics and Economic and Demographic Studies (INSEED), beauty products make up 10% of Togo's exports, with an...