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The Togolese parliament recently approved of the country’s adhesion to the Global Green Growth Institute (GGGI). This should enable Togo to receive technical support from the Institute, and consequently boost its capacities to raise traditional funding.
Also, the adhesion will accelerate the transition to a more resilient economy, while fostering job creation, job change, and capacity...
France’s development agency, AFD, is expected to soon provide new financing for the West Africa Coastal Areas Resilience Investment Project (WACA-ResIP) in Togo. According to the program’s coordinator in the country, Abdul Rahimi Alimi, the agency should spend €35 million on works along the Agbadrafo-Gbodjomé (18 km) axis along the coast.
"The AFD has committed €35 million in...
Last week, Togo raised CFA33 billion on the WAEMU market, 3 billion more than it was seeking.
In detail, the Togolese treasury obtained CFA25.5 billion via fungible bills and CFA7.5 billion via fungible bonds. The former matures over 182 days and the latter over 3 years.
According to the UEMOA-Titres’ report on the operation, 26 investors subscribed, raising CFA57 billion in all....
The West African Development Bank (BOAD) completed its recently-launched securitization operation. In a statement issued on May 2, the sub-regional lender announced that it raised, via the operation, a "historic" amount of CFA150 billion ($246 million) on the Uemoa financial market.
Carried out by BOAD Titrisation, the operation will help the Bank optimize its balance sheet, hence raising its...
The World Bank’s portfolio is now valued at more than a billion dollars. In April 2023, the exact amount was $1,055.63 million, according to documents obtained by Togo First.
The portfolio covers nine national projects worth $520.1 million and nine regional projects worth $535.53 million.
The funds were invested in several sectors, including basic education, higher...
Bank Of Africa will support 100 youth-owned Togolese businesses with CFA2 billion. The Bank announced the facility on April 29, 2023.
The funds will be disbursed on May 6, 2023, in Lomé, during the second edition of the Meet Up Togo fair.
Beneficiaries will be picked among businesses that will take part in the event. Priority will be given to the most innovative businesses, which...
On May 4th, the Togolese parliament approved the country's adherence to two international conventions aimed at protecting its maritime activities. The first is the International Convention for the Conservation of Atlantic Tunas, and the second is the Agreement on the Privileges and Immunities of the International Tribunal for the Law of the Sea.
The first convention will enable Lomé to take...
Ajay Banga is the World Bank’s next boss. For five years, starting on June 2, 2023, he will steer the Washington-based group, according to a statement released on May 3. Banga is the 14th president of the institution.
The former Vice President of General Atlantic and former CEO of Mastercard will replace David Malpass, who announced his resignation a few months ago.
In Togo, Sandra Johnson,...
In Togo, the first cohort of women enrolled in the Yennenga Women Leadership Program, an initiative of the West African Development Bank (BOAD), has graduated. The BOAD and Paris' Haute École de Commerce (HEC) recently awarded completion certificates to all 20 graduates.
The program aims to enhance the BOAD's human capital, unlock women's professional potential in Africa, and inspire future...
On May 1, the staff of the Togolese Presidency and affiliated institutions celebrated Labor Day with Minister and Secretary General of the Presidency, Sandra Ablamba Johnson, and the President's close collaborators in attendance. On the occasion, participants reiterated their commitment to work with President Faure Gnassingbé to successfully implement the government’s Togo 2025...
Togo’s coffee output surged by 55.9% during the 2021-2022 season. The increase was unveiled in the "Global Coffee Report and Outlook" released by the International Coffee Organization (ICO) on 17 April.
Production vs. consumption
Overall, Africa produced 0.8% less coffee in the 2021-2022 season. However, the ICO experts believe the continent’s production should grow by 1.4% the next...
Binta Sanneh is the UNDP’s new resident representative in Togo. She officially stepped into the position on May 2, 2023, in Lomé. Sanneh took over from Aliou Dia.
The new representative has been working at the UN organization for almost 15 years. She was in Guinea Bissau, Burundi, and Chad.
An MBA holder, Binta Sanneh is from Gambia. An expert in international development, she is...
On May 3, 2023, the African Political Alliance (APA) held its first ministerial conference in Lomé, Togo, under the leadership of Togolese Prime Minister, Victoire Tomégah-Dogbé, and Minister of Foreign Affairs, Robert Dussey. It was attended by representatives from several countries, including Angola, Burkina Faso, Gabon, Central African Republic, Guinea, Mali, Libya, Namibia, and...
Togo ranked 70th out of 180 countries in the latest Reporters Without Borders (RSF) Press Freedom Index, released on May 3. The West African nation which ranked 100th last year is now 14th in Africa, with a score of 63.06 points, up by 5.89 points compared to 2022.
"Freedom of the press is recognized and guaranteed by the State" in Togo, says RSF, noting that the Press Code no longer provides...
Gilbert Bawara, the Togolese minister of labor and social dialogue, met with representatives from some local unions on Labor Day, May 1. During the meeting, they requested the government's help to ensure the new minimum wage of CFA52,500 is applied to all companies.
Emmanuel Agbenou, Spokesman for the trade union centers, said, "We have asked the government to strengthen and improve state...
Financial company Afrik Créances has launched its first subsidiary, "Afrik Créances Togo," in Togo. The launch ceremony was held on May 2, 2023, with several finance actors, from Togo and Africa, as well as Togolese officials present. The official ribbon-cutting ceremony, marking the opening of the Lomé branch, was performed by Blaise Ahouantchede, the head of Afrik Créances, and Akou...