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The construction of the new building of Lomé’s main market resumed on the morning of April 26.
The works thus resume after a two-year hiatus spurred by the Covid-19 pandemic. They were launched by Minister Zouréhatou Kassa-Traoré.
At the time of its launch, it was announced that the building would be a modern 5-level commercial building covering an area of 8656 m2. According to...
The Togo Aquaculture Development Project (PDAT) is beginning to show "satisfactory" results on Lake Nangbeto. The statement was made by Edem Kokou Tengue, Minister of Maritime Economy, Fisheries and Coastal Protection, after visiting the Lake last Friday.
Launched in 2020, the PDAT which aims to boost local tilapia production, provided Nangbétô’s fishermen with CFA380 million worth of...
Togo’s Food Security Agency (ANSAT) launched, on April 25, the second phase of its nationwide campaign to purchase rice from producers. More than CFA140 million will be poured into the phase.
Already, the agency has bought 200 t of Paddy rice at CFA32 million in Kpendjal, and 100 t at CFA16 million in the Oti.
The campaign will help the agency boost its food stock, hence enabling it to cope...
Next Friday, April 29, Togo will carry out its second issue on the WAMU money market this month, and this quarter as well. For this operation, the country will try to secure CFA30 billion.
Lomé, according to the schedule published by the WAMU-securities agency, will issue recovery bonds (Odr) with a maturity period of 120 months, i.e. 10 years, and an interest rate of 5.9%.
A few days...
The government of Togo can move on with the process to join the Commonwealth – a process started in 2014 but was postponed repeatedly. Lomé obtained the parliament’s approval to continue last Friday.
Beyond ensuring its “former British political heritage,” joining the Commonwealth would also lead to the “international recognition of Togo’s historical-political revival,” according...
In a recent statement, the Central Bank of West African States (BCEAO) announced it has set up a fintech monitoring and knowledge office (BCSF).
The office’s mission is to “promote the fintech sector by facilitating interaction between the Regulator and these actors (fintech, ed. note)”. It will also receive and process all requests for information or meeting with the regulator...
By 2025, 255,000 more people will benefit from the government’s financial inclusion efforts in Togo. During the council of ministers held last Thursday, new measures relative to the access to the National Fund for Inclusive Finance (FNFI) were taken. The measures, specifically, are aimed at accelerating and ensuring the population’s inclusion as many still have no access to microfinance...
The Togolese government plans to build five mother-child care centers in the country, one in each health region. The project was presented to the Council of Ministers on Thursday 21 April 2022 by the Minister Delegate in charge of universal access to healthcare. It should be carried out through a Public-Private Partnership, between the National Institute of Health Insurance (INAM) and “a...
To better manage the integration of private actors in its development strategy, Togo has established a public-private partnership unit, which will be attached to the Presidency. The authorities adopted a decree to this end last Thursday, during the ministers’ council.
According to the council’s statement, the new unit will “advise, and provide expertise to contractors in the preparation...
Last Thursday, during the council of ministers held in the Savanes region, the ministry of finance presented a “new strategy” that is aimed at making the country’s microfinance sector “more performant”, “while at the same time protecting populations.”
“The strategy will help protect people’s savings and clean up the industry,” the statement from the council reads.
Among...
The Emergency Program for the Savanes Region will cost CFA16 billion. The figure was disclosed last Thursday by the government, after the council of ministers held in Cinkassé that day.
The program, which will end in 2025, covers the following sectors: water, energy, health, infrastructure, education, and agriculture. In the water sector, Lomé already announced that 75 boreholes...
Togo is among the five sub-Saharan African countries where commercial 5G networks are already operational. This is according to GSMA, an international organization that represents the interests of over 750 mobile operators.
The four other countries are Kenya, Madagascar, Seychelles, and South Africa. Meanwhile, Nigeria, Mali, Ethiopia, and Mauritius are moving towards deploying their first...
Lomé has been hosting since April 20 a three-day meeting aimed at improving governance in Togolese municipalities. Organized by the Network of Public Training Centers and Institutions for Decentralization Actors in West Africa (RéCIFAD) and the Federation of Togolese Municipalities (FCT), the meeting gathers more than 80 local elected officials and actors involved in the management of local...
Togolese authorities announced on Wednesday, April 20, 2022, the seizure of 26 tons of corn from Bassar (246 km north of Lomé), bound for Benin. The goods, which were destined for export, were intercepted by the Gendarmerie Nationale at the entrance of Aného.
The owner of the goods did not have any document from the ministry in charge of trade and local consumption authorizing her to transport...
Just like in 2020, Togo was Gabon’s first African supplier of goods last year. It sold the Central African country CFA41.6 billion worth of goods over the period, according to Le Nouveau Gabon, a local media, quoting data from Gabon’s Directorate General of Customs and Excise (DGDI).
The figure–which includes petroleum products sales–was down 35% compared to 2020’s CFA65 billion....
In Togo, around 10.6% of men, aged between 15 and 49, smoke, against about 0.9% of women in the same age range. The data, published in 2018 by the National Institute for Statistics, Economic and Demographic Studie (INSEED), was recently taken up in a study that the CADERDT conducted to assess the economic impacts of smoking on Togolese households. The results of this study were published on April...