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Construction and rehabilitation work on Togo’s N°14 National Road began on January 23, 2020. They were launched by the country’s PM, Victoire Tomegah-Dogbe, at Birini-Doubouidè, in the Tchaoudjo prefecture (340 km north of Lomé).
The cost of the project is CFA68 billion and it is backed by UK Export Finance which provided a CFA50 billion guarantee for its execution. British firm...
Togo currently leads the financial inclusion race in the West African Economic and Monetary Union (WAEMU). In 2021, the country recorded a financial inclusion rate of 85.72%, 3 percentage points more than in 2020. This put Togo ahead of Benin (85.52%, 2nd) and even Ivory Coast (82.2%, 3rd) which is the WAEMU’s biggest economy.
The figures were disclosed last Wednesday, during the...
On 27 January 2023, Togo will carry out its second issue on the WAEMU securities market. The country will attempt to raise CFA35 billion via a simultaneous issue of fungible treasury bonds and securities.
The bonds have a nominal value of CFA10,000, maturing over 3 and 7 years. Securities for their part have a nominal value of CFA1 million, maturing over 182 days.
According to the issue’s...
Togo’s artisanal fishermen caught 6,687,015 kg of fish last year. Thus, 50% more than in 2021: 4,129,423 kg.
The figures were reported last Thursday, Jan 19, by the ministry of fisheries. The output consolidates the sector’s growth; in 2020, artisanal fishing produced 3,450 t of fish.
The ministry attributes the growth to the “opening of a new fishing port and fish market in Lomé,...
Togo should record economic growth of 6.6% (real GDP) this year. The forecast was disclosed last Wednesday, by the minister of finance, Sani Yaya, during the council of ministers.
Yaya, on the occasion, presented the country’s economic situation in Q3 2022, but also the region’s and the world’s.
According to the official, the quarter was good for Togo. The national situation in the...
Togo’s imports in Q3 2022 were valued at CFA511.17 billion, against CFA140.8 billion for exports. It thus recorded a commercial deficit of about CFA370 billion that quarter.
According to the source, the National Institute for Statistics (INSEED), Belgium was Togo’s leading goods supplier during the period concerned. The value of imports from the European country stood at CFA128.16...
During the 2021-2022 academic year, the Togolese government (and its partners) spent CFA1.78 billion on its school canteen program. The Minister of Grassroots Development, Myriam Dossou-d’Almeida, said this Wednesday, during the Council of Ministers.
The monies covered 906 schools and 132,153 pupils spread across the country’s most vulnerable areas. In 2020-2021, the program covered 94,712...
Last month, KingCafé, a Togolese company that is specialized in the industrial processing of coffee and cocoa, signed technical partnership agreements with Morola and Veronesi, two Italian firms that operate in the same sector.
With the first, Morola, KingCafé landed a patent-sharing deal. The deal with Veronesi will allow the Togolese firm to improve the quality of its coffee. Paul...
The Togolese President, Faure Gnassingbé, met India’s Ambassador to Togo, Ram Saajiv Tandon last Tuesday. They reviewed the relationship between the two countries and talked about cooperation prospects for 2023.
"We talked about many areas of cooperation where we have made a joint effort to promote our bilateral ties in recent months. I took the opportunity to relay to the President of the...
Yesterday, Jan. 17, the Council for Foreign Economic Relations of Turkey (DEIK) and the National Council of Employers of Togo (CNP-Togo) signed a memorandum of understanding to boost their economic cooperation.
The MoU was signed during “Togo day”, a virtual conference organized by the Togolese ministry for investment promotion and the Turkish embassy. Its goal is to dynamize relations...
Togolese holding a diplomatic passport no longer need a visa to travel to Serbia and vice versa. The ministers of foreign affairs of both countries signed an agreement to this end on January 16, 2023. The document was signed in Serbia.
"I have strengthened the ties of friendship and cooperation between Togo and Serbia through the signing today, with my colleague and friend Ivicom DAČIĆEM,...
Togo will organize the 9th pan-African congress of Lomé in 2024. Though the exact date is still unknown, its theme is: "Renewal of Pan-Africanism and Africa's place in global governance: mobilizing resources and reinventing ourselves for action."
Robert Dussey, the Togolese minister of foreign affairs made the announcement last week, after a forum that he co-chaired in Morocco.
The...
Starting tomorrow, Lomé will host a two-day parliamentary conference on the fight against terrorism and violent extremism. During the meeting, participants will explore possibilities for cooperation between parliamentarians, youth NGOs, and civil society organizations (CSOs), in line with the event’s theme.
There will be over 250 participants including presidents of national assemblies,...
Togo raised far less than it expected for its first issue on the WAEMU market this year. Last Friday, the country’s treasury raised CFA16 billion on the regional market, against CFA30 billion sought.
The operation, a simultaneous issue of treasury recovery bonds (with different maturities), recorded 10 participants and while the country retained 16 billion, the operation mobilized 26...
Robert Dussey, Togo’s Minister of foreign affairs, was in Morocco last week to host a forum on the reduction of the costs of remittances sent by the African Diaspora. Dussey co-hosted the event with his Moroccan counterpart, Nasser Burrita.
The forum, which is part of the 2021-2031 agenda of the Decade on African Roots and the African Diaspora, focused on mechanisms and tools likely to...
The Togolese minister of trade and industry, Kodjo Adedze, and the U.S. ambassador in Togo, Elizabeth Fitzsimmons, met last Thursday, Jan 12.
According to the Togolese Ministry of trade, the two talked mostly about the African Growth and Opportunity Act and opportunities for boosting trade between the U.S. and Togo.
Since its introduction, 23 years ago, by President Clinton, and...