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As part of its response against the Covid-19, Togo has exceeded on 31 May 20,000 tests. This is as a result of a recent strategy adopted by Lomé to mitigate the spread of the virus.
Three months after recording its first case, the country has tested 20,500 people and confirmed 443 cases. Out of these, 215 recovered and 13 are deceased.
It should be emphasized that the government is...
Through its ministry for development planning, the government of Togo has initiated the process to acquire and install five (5) traffic counters.
According to the associated tender notice, the counters will be acquired and installed as part of the project to boost the competitiveness of logistics services for trade in Togo. This equipment will be supplied to the Railways and Road Transport...
In the last quarter of 2019, outstanding debts of microfinance institutions operating in Togo was reported to have risen by 18.3%, year-on-year, according to the Central Bank of West African States (BCEAO).
This is the second-highest annual increase in the WAEMU, right behind Mali (+26.7%), and before côte d’Ivoire (+16.9%), Senegal (+5%), Burkina Faso (+4.6%), and Niger (+1.4%). In...
This year, Togo plans to restore 35,000 hectares of its forests. This breaks down into 10,000 ha for planting, 5000 ha of agroforests, and 20,000 ha of enriched forests. This was revealed last week by the minister of environment, David Wonou Oladokoun, in the framework of National Tree Day which is celebrated on June 1st.
The government’s ambition falls under the reforestation and...
As part of the Kekeli Efficient Power project, a Siemens SGT-800 gas turbine is on its way to Lomé.
The tool, which will initially help the thermal power plant generate 47 MW of electricity is shipped from Finspang, Sweden. It will at a later stage of the project be completed with an 18MW steam turbine.
Siemens’ gas turbine is a combined cycle turbine designed for industrial...
Since its creation in 1973, the West African Development Bank (BOAD) has supported more than 1,200 projects initiated by the WAEMU States and the private sector in the region. In the process, the bank has spent about €9 billion (more than XOF5,800 billion).
In Togo alone, for example, the BOAD’s board has approved the construction of a 30 MWC photovoltaic power plant in Blitta,...
Air traffic volumes in the WAEMU fell drastically as a result of the various measures put in place to contain the coronavirus pandemic in the region.
During a meeting held yesterday, between the Union’s ministers of transport, the president of WAEMU commission, Abdallah Boureima, revealed that air traffic volumes reduced by 95% exactly.
This reduction, according to the ministers,...
Togo’s public debt may be less exposed to fluctuations in exchange rates, the country’s ministry of economy and finance said in its latest report for the quarter.
This is mainly because the country’s debt is mostly (66.7%) labeled in CFA francs, the report indicates.
However, “the external debt portfolio (which represents about 33% of Lomé’s total debt, ed. note) is still...
Togo will keep using Chloroquine in the Covid-19 treatment. This was disclosed last Wednesday by the national coordination team for the Covid-19 response.
The announcement was made amid a controversy that arose following the publication of a study that claims the molecule is inefficient and even increases the chances of dying from the disease.
The study, published in The Lancet has...
In West Africa, more than 81 million jobs in the food sector could be affected by movement restrictions imposed in response to the Covid-19 pandemic. This was revealed by the Sahel and West Africa Club (SWAC) in a report it released last May 26.
The Club, whose secretariat is hosted at the Organization for Economic and Development Cooperation (OEDC), indicated in the document that more...
In Togo, the National Federation of Cotton Farming Associations (FNGPC COOP-CA) acquired 50 tractors to boost farmers’ capacities and reach a cotton output of 200,000t by 2022.
The move is good news for the sector which has recorded a 15% fall in output year-on-year (from the 2018-2019 campaign to last year’s).
In line with its intent to mechanize the industry, the FNGPC COOP-CA...
The regional energy interconnection project, which is steered by the West African Energy Pool (WAPP), is expected to be completed in 2023.
The 600 MW project costs $567 million and aims at supplying reliable, cheap electricity to the 14 of the 15 ECOWAS member States. It includes a rural component, which will be carried out in Burkina Faso and Niger, and another component under which...
From 600 tons in 2012, fish production at the Nangbéto Lake has risen to 3,200 tons in 2019.
The significant increase is attributable to the Nangbéto Lake Fisheries Management Plan which falls under the Agricultural Support Project (PASA).
Adopted in 2013, this plan aims at preventing the exhaustion of fish resources in the lake concerned, due to its inappropriate exploitation...
Last week, the KYA-Energy Group delivered ten automated solar-powered handwashing kits to the ECOWAS Investment and Development Bank (BIDC) in Lomé.
Called KYA-SolWasherKit, the tools were made by a local solar power startup, Kya Energy Group. They are equipped with presence detectors, automatic soap, and water suppliers.
The move is the startup’s contribution to the fight against the...
Togo to seek XOF20 billion on regional financial market next week, its last issuance for the quarter
By June 5, Togo will attempt raising XOF20 billion on the WAEMU stock market. The money will be used by Lomé to finance its 2020 budget.
The funds should be raised by issuing fungible treasury bonds, at a nominal value of XOF1 million per unit, and a one-year maturity period. The bonds will start taking value on June 8 and reimbursement will commence on June 6, 2021.
Séna Akoda
Togo’s ministry of culture, tourism, and leisure will rehabilitate the Kara hotel in the northern part of the country.
Rehabilitation works, which were divided into three parts will be financed by the Fund for the Promotion and Development of Tourism (FPDT).
In line with this project, the ministry of tourism has launched a tender which closes on June 11, 2020. Bidders can apply...