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SUNU Bank Togo's management states the bank has entered a new phase of stabilization and strategic refocusing after a 2024 marked by social tensions. The banking subsidiary of the SUNU Group, which has historical roots in insurance, is now working to move past a crisis inherited from its takeover of BPEC.
In February 2025, the bank began a restructuring effort. This involved closing seven...
Highlights:
First-of-its-kind for Francophone West Africa: Togo to voluntarily undergo IMF-led Governance Diagnostic Assessment (GDA), with results due by end of 2025.
Key focus areas: Anti-corruption, budget transparency, public procurement, and asset declarations of officials.
Linked to ECF program: Part of broader reform agenda under the $400M Extended Credit Facility approved in...
Highlights:
In 2024, Banque Atlantique Togo mobilized nearly CFAF 12 billion in FAGACE-guaranteed operations.
The bank was awarded “Best Partner” for the 2024–2025 financial year at a regional ceremony on May 16 in Lomé.
FAGACE’s interventions secured over CFAF 215 billion across West and Central Africa in 2023.
Banque Atlantique Togo (BAT) has been named Best Partner of the...
In Lomé this week, Togo kicked off its journey toward building a national agricultural insurance system. Farmers, insurers, policymakers, and international partners came together for a two-day consultation designed to lay the groundwork for a new insurance model tailored to local realities.
The gathering, spearheaded by the Ministry of Agriculture, marks the start of a participatory process...
Lomé’s Gnassingbé Eyadéma International Airport (AIGE) officially inaugurated two new parking bays for wide-body aircraft, code E, on Wednesday, July 16, 2025. The ceremony included several aviation sector stakeholders, notably China’s ambassador to Togo, Wang Min.
The Chinese company Witek constructed the 35,481 square meter facility at a cost of approximately $6.5 million. It will...
Highlights:
National BAC II pass rate jumps to 72.63% in 2025, from 46.71% in 2024.
Over 100,000 candidates took the exam, marking a 30% year-on-year increase.
Education reforms and a stable academic year credited for the improvement.
Togo’s national pass rate for the 2025 BAC II (Second Phase of the Baccalaureate) exams rose sharply to 72.63%, up from 46.71% in 2024, according to...
Highlights:
Two new Code E aircraft aprons inaugurated at Lomé’s AIGE airport.
$6.5 million project executed by Chinese firm Witek.
Part of Togo’s 2025 roadmap to strengthen Lomé’s position as a regional hub.
Togo has inaugurated two new parking aprons for wide-body aircraft (Code E) at Lomé’s Gnassingbé Eyadéma International Airport (AIGE). The ceremony, held on...
Nearly three months after his inauguration, Togo’s new President, Jean-Lucien Savi de Tové, began his official duties on July 15, 2025. He welcomed a delegation from the National Council of Traditional Chiefs of Togo (CNCTT) to the Presidential Palace.
The group, led by CNCTT President Sama Kouya Batcharo, chief of the Kpinzindè canton, visited Savi de Tové to congratulate him on his...
Togo's term deposits significantly rebounded in 2024, rising 15.7% from 2023 to 1,246 billion CFA francs, according to BCEAO data. This growth ended a downward trend that began after a 2021 peak of 1,458 billion CFA francs.
A term deposit is a sum placed in a bank for a fixed period in exchange for a fixed interest rate. This product serves as a financing tool for banks while offering a secure...
In the lead-up to Togo’s municipal elections scheduled for July 17, the country began receiving several international election observer missions on July 15.
The first delegation to arrive in Lomé was from the Council of the Entente, a sub-regional organization of which Togo is a member. The group has begun consultations with key national stakeholders in the electoral process, including the...
Togo's Directorate General of National Documentation (DGDN) officially launched the operational phase of its DGDN Mobile project on Monday, July 14, 2025. The launch event took place in Kara, northern Togo, led by Calixte Madjoulba, the Minister of Security and Civil Protection.
This initiative is part of the government's 2020-2025 roadmap, specifically under its strategic pillar focused on...
Togo has launched a new coastal protection project along the Gbodjomé–Goumoukopé stretch to fight worsening shoreline erosion. The project, worth CFA33.48 billion FCFA (about €51 million), forms part of the WACA ResIP program supported by the World Bank and the French Development Agency (AFD).
Construction is set to run for 18 months, from June 2025 to November 2026. The works will...
Togo's health authorities are readying a "Hospital Establishment Project" (PEH) to equip regional and prefectural public hospitals. This project aims to boost governance, internal organization, and the quality of health services across Togo's regions.
Consultations began in May, bringing together health system stakeholders and technical partners. They have met to develop strategic frameworks for...
The International Monetary Fund (IMF) has upgraded Togo's debt-carrying capacity to "strong" from its previous "medium" rating. This reclassification, confirmed in the second review of the Extended Credit Facility (ECF) program published in late June, could positively influence the West African nation's financing conditions in the medium term and provide Togo with greater fiscal flexibility...
Togo will take longer than planned to restructure its public bank, Union Togolaise de Banque (UTB). The International Monetary Fund (IMF) has granted an extension to complete this vital reform.
The full overhaul of UTB, part of the IMF-backed program, will now finish after 2026. Originally set for completion this year, the operational reorganization plan’s approval has shifted to March 2026....
Fishing nets are back in use along Togo’s coastline. As of July 10, 2025, small-scale fishing has officially resumed following a one-month biological rest. The annual break is designed to protect marine resources while supporting the long-term sustainability of the fishing sector.
Industrial fishing, however, remains suspended until August 31 in line with the country's current...