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South Korea wants to boost its trade with Togo. Lim Jung-Tae, the new Korean ambassador to Togo, told President Faure Gnassingbé about this ambition on October 6, 2022. This was while presenting his credentials to the West African leader.
“During my mandate, I will do my best to bolster economic and political relations between our countries, Jung-Tae said at the meeting. “For now, many...
In Africa, the penetration rate of insurance products is low, according to Togo’s finance minister, Sani Yaya. The official made the statement last Monday, at the launch of the 26th African Reinsurance Forum in Lomé.
“The challenge is to bring even more inclusion to the insurance industry. Insurance should no longer be a luxury or for people who belong to a certain social class,”...
The 26th African Reinsurance Forum began in Lomé last Monday, October 3. Organized by the African Insurance Organization (AIO), the event is themed: “Sustainable growth: the role of African reinsurers in economic growth and development.”
Held at the 2 Février hotel, the forum gathered reinsurers from companies like CICA RE, Africa Re Group, and Société Sénégalaise de Réassurance...
Togolese authorities plan to create a new town to relieve congestion in the Grand Lomé area. The project was announced by the minister of urbanism, Koffi Tsolenyanu, on World Habitat Day (October 3).
According to the official, the project will be developed in Kpomé, in the Zio 1 municipality, over 1,177 ha. The minister said the city will help “increase Togo’s housing stock, thus...
The Togolese anti-corruption regulator (HAPLUCIA) and the West African Development Bank (BOAD) inked last Friday a five-year cooperation agreement to fight corruption and related offenses, in Togo.
Through the agreement, the two entities aim to set up the proper framework to prevent, detect, investigate, and fight corruption and related offenses in cross-border transactions.
In...
The West African Economic and Monetary Union (WAEMU) could record an economic growth rate of 5.6% this quarter. This is slightly above the rate forecast for Q3, according to Togo’s minister of finance, Sani Yaya, who disclosed the figure last Friday in Dakar, during the latest council of the WAEMU.
The improvement, the official noted, is attributable to the resilience of WAEMU States...
Gilbert Fossoun Houngbo is officially the new head of the International Labour Organization (ILO). The handover ceremony was held on September 30, 2022, and the Togolese official was trusted with the keys to the UN organization by his predecessor, Guy Ryder, a British.
"I salute your uncompromising commitment to the founding values of the ILO, your steadfast pursuit of technical excellence...
From now to June next year, 125,000 Togolese households should get nearly CFA19 billion in cash transfers from the government. This is part of a cash transfer scheme started in Dankpen, Kara, on September 3, and officially launched on September 27. The official launch was chaired by Victoire Tomegah-Dogbe, Togo’s Prime Minister.
The launch, placed under the supervision of the Ministry of...
The Togolese Head of State, Faure Gnassingbé, met on Wednesday with Japanese PM Fumio Kishida. This is part of an official visit to Japan, said the Togolese Presidency.
During the meeting, delegations from the two nations addressed their bilateral partnership, and the many diplomatic, strategic, and economic agreements and conventions that bind them.
In Togo, Japan has, among several...
Through its agency for the promotion and development of agropoles (Aprodat), Togo seeks to adopt new standards for food and agricultural products. The project aligns with the Togo Agri-Food Transformation Project (PTA-TOGO) and, especially, the development of the Kara agropolis, supported by the African Development Bank (AfDB).
In line with the ambition, Aprodat has launched a call for tenders...
Financial inclusion keeps improving in Togo. This is shown in a report that was published on September 28, 2022, by the Central Bank of West African States (BCEAO). The document is titled "Tableau de bord l'Inclusion financière dans l'UEMOA au titre de l'année 2021" (Financial Inclusion Scoreboard in WAEMU for the year 2021).
According to the Central Bank, Togo’s strict bancarisation...
From October 1 to 5, 2022, Lomé will host the 26th edition of the African Reinsurance Forum. The event will be organized by the African Insurance Organization (AIO) and be themed "Sustainable growth: the role of African reinsurers in economic growth and development".
The forum will gather several actors in the insurance sector, such as Karim Diarrasouba, CEO, CICA-RE, Corneille Karekezi,...
Germany will support investment projects in Togo as part of its new partnership framework with the West African country. Recently, GIZ Resident Director Inge Baumgarten and Togo's Minister of Investment Promotion, Rose Kayi Mivedor-Sambiani, discussed the upcoming implementation of the Promotion of Private Sector Competitiveness in Togo (ProComp) program.
This program aims to improve the...
In 2021, 983,969 tourists visited Togo, compared to 481,706 in 2020 when the country had been hit by Covid and related measures.
The Minister of tourism, Gbenyo Lamadokou, disclosed the figures on the eve of World Tourism Day.
Togolese tourism is thus recovering, same as other countries worldwide - thanks to travel resumption and the relaxation of most health measures.
Besides the number...
Togo just launched a new platform to promote its tourism sector. The digital portal, Togo Tourism, was presented today (September 27), by the Minister of Culture and Tourism, Dr. Gbenyon Lamadokou, as the country celebrated World Tourism Day.
The platform, according to the Minister, will provide "real-time information" on the offers and opportunities for tourism in Togo. In parallel, an...
The UN System and Togo are redefining their 2023-2026 country partnership framework for sustainable development. The two partners met in Lomé on September 27, 2022, with civil society actors, in this framework. They looked for indicators that can help define the objectives and achievements for this future partnership framework.
The UN wishes for the new framework to enable more social inclusion...