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Faced with rising financing needs, a widening budget deficit, and difficult access to international financing markets, WAEMU countries are turning to the regional financial market. Once again, their target is up year-on-year this year in an overheated market.
The eight West African Economic and Monetary Union (WAEMU) countries recently unveiled their funding expectations from the regional...
The Togolese Ministry of Investment Promotion and Citi Bank launched today, March 30, a platform dedicated to investment opportunities in Togo named City builder
This platform presents key social data including demographic, educational, tourism, and economic information about Togo. It also presents sectors of activity where investments are most needed, by region.
City Builder offers investors a...
Togo joins other countries that rushed to support Turkey which was recently hit by a deadly earthquake. The West African country disbursed $1.5 million for Erdogan’s country, the Turkish embassy in Togo just disclosed.
According to the embassy, the money will help compensate the families affected by the earthquake and contribute to the country’s reconstruction.
L'Etat...
Togo has begun preparations for the African Microfinance Week (AMW) which it will host next October. Last month, the Togolese minister of financial inclusion and the informal sector, Mazamesso Assih, and the event’s organizers–African Microfinance Institutions Network (AMIN) and the Appui au Développement Autonome (ADA)-laid the groundwork for the launch.
Set to be hosted in Lomé, the...
Kamala Harris, the U.S. vice president, recently announced a $100 million financing for Togo and four other West African countries, to help them fight insecurity. The American official unveiled the assistance in Accra, last Monday, March 27, at a press conference with Ghanaian President, Nana Akufo-Addo. Benin, Ghana, Guinea, and Côte d’Ivoire, are the four other nations that will benefit...
World Bank Group President David Malpass begins an official visit to Niger and Togo from March 29 to April 1, 2023. Malpass will meet local authorities with whom he will discuss regional and global priorities, such as bolstering security and peace, inclusive and sustainable economic growth, food security, energy access, and education.
In Niger, David Malpass will meet President Mohamed Bazoum,...
The ARCEP, Togo’s telecom regulator, received a delegation from its Ivorian counterpart on March 21 and 22. The Ivorian side came to learn from the Togoelse regulator’s experience.
The Ivorian delegation included representatives of the ministry of communication and digital economy, and of the ARTI, which is Côte d’Ivoire telecom watchdog. During their stay, they mainly had workshops with...
Graduates and upcoming students of the IFAD training institutes in Togo should have more ease getting financing to launch their businesses in the coming years. This is thanks to two partnership agreements signed last Wednesday, March 22, at the IFAD of Elavagnon in the East Mono Prefecture.
The first deal was signed between the Education-Development Agency (AED) and the Ministry of...
The minister of foreign affairs of Togo, Robert Dussey, was in South Korea last week.
On the occasion, the two countries reiterated their commitment to deepen their cooperation in key sectors like agriculture, health, education, renewable energy, and ICTs, Dussey reported on his website.
The Togolese official presented to the Korean side Togo’s 2025 government roadmap. While doing...
Two days ago, on March 26, President Faure Gnassingbe urged his staff to speed up the implementation of projects falling under the government’s 2025 roadmap. The Togolese Head of State did so at the close of the first annual seminar of the government held last week in Kpalimé.
"In the current global context marked by multiple crises, we must act on the levers that we have control over....
Over the past year, more people in Togo’s maritime region have relied on health services. For example, the rate of use of curative care in the region fell from 54% in 2021 to 49% last year, and that of assisted childbirth rose from 67% to 73.5%.
The figures were reviewed last week during a workshop held in Tsevie. Organized by the region’s health directorate, the meeting took place on March...
Togo only raised CFA8.5 billion in its latest issue on the WAEMU market. That is far from its target for the operation: CFA40 billion.
The operation, a simultaneous issue of fungible treasury bills and bonds closed on March 24. In detail, Lomé raised CFA7 billion via the bills, which mature over 364 days, and CFA1.5 billion via the bonds. The latter mature over 5 and 3 years and the...
The government of Togo held its first seminar of the year last Friday, in Kpalimé. The 3-day meeting was chaired by President Faure Gnassingbe himself.
During the seminar, the leader and his collaborators assessed how advanced the key projects of the 2025 government roadmap were and their impacts.
The seminar was organized in a particular context. Indeed, Togo will hold regional...
The National Food Security Agency of Togo currently sells cereals at low cost nationwide. The campaign, which will last a month, began on March 20.
The cereals sold are corn, rice, beans, and sorghum, in bags of 50kg and 20kg. According to the ANSAT, each region will receive 200 tons of grains.
The cereals are purchased from farmers during harvest. The operation aims to make sure Togolese...
A delegation of Canadian businesspeople is currently in Togo, exploring opportunities the West African country has to offer. The visit falls under the “Promoting the Togo destination” initiative carried out by Togolese authorities.
Most of the Canadian businessmen of the delegation are from New Brunswick province. They were led by Gaëtan Thomas, President and General Manager of the...
As Serge Ekué emphasized last November, securitization is "the only operation" that can help increase the balance sheet of local banks tenfold, an excellent tool that "will enable us to improve the contribution of the financial sector to national development plans.”
The Banque Ouest Africaine de Développement (BOAD) just launched a securitization operation of $246 million (or CFA150...