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The World’s leading Organic Food Fair (BIOFACH) goes on in Nuremberg, Germany. Started on February 13, the fair ends on Feb 17th, and a Togolese delegation of about 10 biologic MSMEs.
The delegation showcases tropical products produced in Togo, like pineapple, cashew, and fonio. They will also build new partnerships to increase their exports to new countries and consolidate existing...
Several actors of the Togolese blue economy are holding a national workshop in Lomé. The goal of the workshop is to validate a development strategy for the sector. This strategy should cover afive yearsand cost CFA205.54 billion, according to recent information.
Improving blue economy governance, implementing reforms needed to draw the appropriate legal tools needed in the sector, and...
The Togolese State plans to allocate a budget of CFA1.1 billion to fishing and aquaculture this year. This is about half of the maritime economy ministry for 2023: CFA2.3 billion.
The funds will enable the Togo Aquaculture Project (PDAT) to continue. The latter is currently at the pilot stage and is being carried out at the Nangbeto Lake.
According to the ministry, the money will specifically...
The first batch of the Institut de formation en alternance pour le développement (IFAD-Aquaculture), the first aquaculture school of Togo, just graduated.
The graduation ceremony took place last Friday (Feb 10) and was presided over by President Gnassingbé. A total of 113 people graduated, including 27 females.
The program included three years of formal training followed by the...
Togo and the UN System (UNS) just signed a new cooperation on sustainable development. The deal, which was signed on Feb 14 in Lomé, covers the 2023-2026 period.
Over that period, the UNS will invest $247 million (about CFA150 billion) in several projects and programs that fall under the government’s roadmap. These projects focus on three major goals. The first is to achieve...
The Global Fund to Fight AIDS, Tuberculosis and Malaria will allocate €112 million to Togo (CFA74 billion) for the period 2023-2025.
The minister of health is holding a national workshop focused on the allocation, and the session will define the various programs that will benefit from the funding. Also, during the workshop, participants will draw the country application that will be...
Over the past decade, over 45,000 rural jobs have been created or improved as part of the Rural Development and Agriculture Development Program (ProDRA). The information came from GIZ, the German cooperation that steers the Togolese program.
The ProDRA, according to the source, also helped raise the income of more than 12,000 agricultural actors in Togo over the period (with an average...
In Togo, the government will seek CFA35 billion more to accelerate the deployment of the Savanes Region Emergency Program (PURS in French), a program aimed at making the people of this region more resilient to terrorist attacks. This was revealed last Thursday, during a meeting between the government and its technical and financial partners (TFPs) on the project.
The government counts...
For its third issue on the regional market–UEMOA securities–this year, Togo raised CFA34 billion. This is one billion less than its target for the operation, a simultaneous issue of fungible treasury bills and bonds.
Twenty-five (25) investors took part in the operation, according to a report released by the UEMOA securities agency. They mobilized a total of CFA56 billion, out of which...
In Togo, the funds allocated to the Covid-19 Response and Solidarity Fund (CRSF) were used appropriately. This is the conclusion of an audit report issued on February 1, 2023, by the Court of Auditors of Togo.
Commenting on the report’s results, the government in a press release dated 9 February 2023 said it “is pleased that this report revealed that spending related to barriers,...
Over the past year, the government of Togo allocated CFA1.27 billion to its ministry of social action. Most of the funds (99.28%) were used up and helped finance projects that impacted more than 800,000 people, including nearly 500,000 girls and women.
The ministry of social action disclosed the details after the annual review of the ministry which was held last week in Sokodé. Main and remote...
The Togolese ministry for investment promotion is in a meeting with a group of British investors presently in Togo. The meeting started yesterday and closes today.
The British investors came as part of a trade mission initiated by DMA Invest. Backed by UK Export Finance (UKEF), the mission covers several African countries.
On the first day of the talks, Togo’s minister in charge of...
Togo now has a National Committee for Sustainable Development (CNDD). The body was set up in line with the government’s environmental protection policy, and it started operations on Feb 8.
In accordance with the AFR100 forest and landscape restoration initiative, the new committee will tackle environmental, economic, and social issues that hamper the efficient management of Togo’s natural...
Togo launched on February 8, 2023, the Good Financial Governance (GFG) project. As its name suggests, the project’s purpose is to support Lomé’s ambition to better manage and monitor public finances, and deal with corruption.
The project will mainly help steer reforms related to public finances, in tandem with the ministry of finance. It should also help boost the capacities of the...
CBI Togo, a subsidiary of Coris Bank International, closed 2022 with CFA900 million of loans granted and about CFA1,600 billion collected, in its Islamic finance segment.
CBI Togo’s top management recently disclosed the figures at a press briefing led by Ousmane Kaboré, the bank’s boss. The briefing followed the 5th meeting of the Internal Control Council of CBI Baraka, in charge of...
The Togolese minister of investment promotion, Rose Kayi Mivedor, met with the US ambassador in Togo, Elizabeth Fitzsimmons, last week, on Feb 1. According to the ministry, the two women talked mostly about the Togolese business climate and US investments in the African country.
Mivedor and Fitzsimmons assessed the level of cooperation between their countries relative to investments. They also...