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From now on, the chairman of the Chamber of Commerce and Industry of Togo (CCI-Togo) no longer has a salaried status. However, all professional expenses (trips) incurred by the chairman will be taken care of. This is one of the few reforms announced on Jan 30 by the Chamber’s special consular delegation. The reforms were presented to economic operators.
As part of the new reforms...
The World Bank Group plans to mobilize CFA95 billion for social projects in Togo. The Bank’s representative in the country, Fily Sissoko, made the announcement last Friday, 27 January, in Lomé. This was during a meeting covering the new Country Partnership Framework between the financial institution and the Togolese government.
Part of the funds will finance health, education, energy,...
Togo must strive to achieve food self-sufficiency to accelerate its economic development. Faure Gnassingbe, the Togolese president, voiced this opinion last Saturday, at Tsévié, as the second part of the Agricultural Producers Forum was closing.
We must feed ourselves, live from our agricultural activities, and provide for ourselves and our families to better invest in the economic development...
In Togo, the price of diesel and Jet A1 has fallen slightly. For diesel, the price is down to CFA775 from CFA850 FCFA per liter. As for jet fuel which is used by airplanes, its price has dropped from CFA654.41/liter to CFA615.41.
The change was disclosed in an interministerial order dated January 28, 2023. The latter was issued by the Ministers of Trade, Energy, and Transport, respectively Kodjo...
To better help banks and financial institutions tackle cyberattacks, Togo’s cybersecurity agency (ANCY) recently organized an awareness-raising and training workshop. Held on January 27, the event targeted actors from banks and microfinance institutions.
It was organized in partnership with Cyber Defense Africa and focused on cybersecurity and its challenges. The workshop notably covered...
Lomé will host the 8th edition of the UEMOA Small and Medium Enterprises and Banks fair on Feb 7-10, 2023. The event’s theme is "Financing and Investment of UEMOA Small and Medium Enterprises, amidst the crises and changes of economies."
According to recent information, participants will be able to attend in person or virtually. "In the interest of always favoring very accessible...
Togo obtained CFA30 billion in its second issue on the WAEMU market this year. The country retained the amount out of CFA46 billion mobilized by regional investors.
In detail, Lomé retained CFA16 billion from the issue of fungible treasury bills with a maturity period of 182 days. The remaining 14 billion breaks into 11 billion and 3 billion raised from fungible treasury bonds, maturing...
Togo: Revenues of the Road and Rail Transport Office almost doubled within five years ending in 2021
The Road and Rail Transport Office of Togo (DTRF) generated over CFA3.9 billion in revenues in 2021 (by the end of November). The entity disclosed the figure last Wednesday, Jan 25, 2023.
The DTRF attributes the mobilization to several activities such as the registration of motor vehicles, the organization of the examination and issuance of driving licenses, technical inspections of...
The World Bank launches a new series of consultations on its country partnership framework with Togo
The World Bank’s branch in Togo launched this week, consultations with various development actors, towards the elaboration of its new Country Partnership Framework (CPF) with the West African State. The new document will cover the years 2023 to 2027.
The recently-launched consultations involve deputies, the private sector, civil society organizations, the media, women and youth organizations,...
The Togolese government plans to spend CFA25 billion on water supply projects this year, according to the 2023 finance bill. The sum is 8% higher than that spent in 2022: CFA23 billion.
Just like in 2022, several projects should be launched or accelerated this year. These include, for example, the national clean water supply plan or the Support Program for Vulnerable Populations...
In 2022, the African Development Bank’s (AfDB) portfolio in Togo stood at CFA202.12 billion, with a disbursement rate of 61.5%.
This is one of the topics discussed last week by the Togolese President, Faure Gnassingbe, and the pan-African bank’s chief, Adesina Akinwumi talked about. The two men met last week to review the Bank’s actions in Togo over the past year, as well as its...
The President of Togo, Faure Gnassingbé, was in Kara last Tuesday, Jan 24. He met with the regional directors of the deconcentrated services of the Central, Kara, and Savanes regions.
The meeting was an occasion for local actors to discuss the execution, evaluation, and monitoring of key projects that fall under the government’s 2025 roadmap. President Gnassingbe, especially, talked...
The first edition of the Togo Youth Innovation Week was officially launched Tuesday, January 24 in Lome. The event, which runs until Friday, January 27, celebrates youth innovation.
The event is themed: "Innovation at the heart of a strong, inclusive, and prosperous economy". On the first day, participants attended a Keynote on "the concept of innovation, related issues, and prospects"....
A week ago, on Jan 19, Togo and UNICEF discussed their upcoming 2024-2026 cycle program. In detail, they talked about speeding up the elaboration of a new country program focused on the major issues that children face in Togo. This program will be developed based on lessons drawn from the 2019-2023 country program.
The development of this new cooperation framework will also take into account the...
Lomé will host the next Entente Council summit. The organization’s executive secretary, Marcel Amon-Tanoh, confirmed the news last Friday, Jan 20, after an audience with Togo’s President, Faure Gnassingbé who happens to be the current chair of the Entente Council summit.
When they met, Amon-Tanoh presented President Gnassingbé the annual report of his activities since he was elected...
Lomé, Togo’s capital, will host the second edition of the pan-African Poultry Conference (PPC) on May 16-18, 2023. The theme picked by the organizers–the Regional Center of Excellence on Poultry Science (CERSA) and the World Poultry Science Association (WPSA)-is “Competitiveness and inclusiveness of the poultry value chain in Africa”.
The forum will bring together over 300 stakeholders...