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The Coronavirus is disrupting supply circuits across African borders. For example, Kobo360, the Nigerian Uber-like app for trucks, said that 30% of its fleet is inactive due to the various measures taken by governments to contain the outbreak.
“There is no clarity around what can move around...or what is essential transportation,” said the startup’s co-founder, Ife Oyedele. He added...
Launched three weeks ago, the Novissi cash transfer scheme has provided nearly XOF4.86 billion to populations that are most affected by the government’s Covid-19 response.
In detail, more than 1.275 million people registered to benefit from the initiative. Out of these, 475,579 have so far been declared eligible to get the money. Out of the eligible are 166,913 men and the rest...
The World Bank will provide Togo $8.1 million to help it fight the coronavirus.
The funds will enhance the country's testing capacities and healthcare, by acquiring and setting up a mobile laboratory, treatment centres, and buying top-notch medical equipment. “They will surely improve Togo’s reaction against the pandemic,” said Hawa Wague, resident representative of the World...
On April 29, the World Bank approved the disbursement of $273 million for Togo, Benin, Burkina Faso, and Niger, by its International Development Association (IDA).
The funds are allocated for the West Africa Unique Identification for Regional Integration and Inclusion (WURI) program. The latter, which is currently in its second phase, seeks to facilitate access to services for people in the...
Togo will set up a coastal protection entity as part of the second phase of the multinational project for the rehabilitation of the Lomé-Cotonou road.
In this framework, the ministry of infrastructure and transport launched a call for manifestation of interest to hire a firm that will conduct studies related to the project. The deadline for the submission of applications is May 26,...
In Togo, the minister of agriculture, Noel Bataka, just gave 72 agricultural tractors to farmers.
The donation falls under a project steered by the MIFA and KFB Group, a private firm.
The tractors, which cost a total of XOF1.8 billion, will help sustainably develop food production chains, “through improved agricultural practices which increase output and boost food security,”...
The ceremony will take place in the afternoon (4 PM), at the presidential palace.
The information was disclosed by the Constitutional Court which stressed that given the actual health crisis, the event will be organized in a very simple manner, with a limited number of people.
Faure Gnassingbé won the elections (held on February 22, 2020) with more than 70% of the votes. For his...
All eight member-States of the West African Economic and Monetary Union (WAEMU) need exactly XOF5,284.9 billion to combat the Covid-19 pandemic.
The estimate was disclosed on April 27 by the Union’s heads of State council which held a videoconference that day.
The council also noted that the funds will greatly deepen the WAEMU’s overall budget deficit (grants included). The...
The WAEMU convergence criteria for stability, growth, and solidarity has been suspended. The decision was taken yesterday during a videoconference between the Heads of State of the WAEMU.
This aims at enabling the union’s various member-States to have enough room to fight the COVID-19 pandemic more efficiently.
According to the leaders of the economic union, a total of 5,284.9 billion...
Togo’s national council of employers has just released a report assessing the economic impacts of the government’s Covid-19 response. The document also contains some recommendations to revamp the economy.
The report is in effect the results of a survey of 110 companies. The latter reveals that 41% of the surveyed firms have paused their activity while the rest function at a slow pace....
US rating agency Standard & Poor’s maintained its ‘B’ long-term and short-term sovereign credit ratings on Togo. “The significantly adverse effects of the COVID-19 pandemic will take a toll on the Togolese economy and public finances in 2020. Nevertheless, the country's solid economic performance and the fiscal consolidation over past years should contribute to a rapid economic...
Last week, Pan-African lender Ecobank disbursed about $3 million to help African nations fight the Coronavirus pandemic.
The support, which was provided in cash and health equipment, also involves sensitization campaigns and money transfers to the most vulnerable people, via the bank’s digital platform.
In the same framework, Ecobank has canceled some fees on its digital...
France will back Togo’s Covid-19 response with €3 million. The funds should be part of the European nation’s support to Africa, relative to the pandemic’s impacts on health, people, economies, and even debt.
The news was announced by President Emmanuel Macron himself along with congratulations to his Togolese counterpart, Faure Gnassingbé, on the sidelines of the 60th...
Togo has launched the Covid-19 agricultural response plan. This includes various emergency measures aimed at boosting food and nutritional security, as well as improving farmers' earnings.
In effect, emergency loans, agricultural equipment, and irrigation kits will be provided to the producers. Also, the plan will promote job placement agencies.
Moreover, the scheme targets production of...
In the latest World Press Freedom index, Togo gained five places...
The report released by Reporters Sans Frontières (RSF) places Togo at the 71st position (against 76th last year). While the country's rank is better this year, it should be noted that between 2018 and 2019 it gained 10 places in the ranking.
In Africa, Togo holds the 14th position, far behind the top three which...
The ECOWAS States have agreed on allocating at least 15% of their annual budget to their health system.
Yesterday, during a videoconference, Heads of State of the community decided to immediately put the measure in effect as the Covid-19 pandemic keeps threatening lives and economies in the region. The virus has so far infected 6,083 people in the ECOWAS. Out of these, 158 died, 1,793...