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Faye continues sub-regional tour with focus on trade cooperation and ECOWAS mediation.
Highlights:
Discussions to center on trade ties and ECOWAS reintegration efforts
Visit follows stops in Côte d’Ivoire and Benin; Liberia next
Senegalese President Bassirou Diomaye Faye is expected in Lomé on Friday, July 25, for a working visit aimed at strengthening bilateral and regional ties. The...
Lomé and Moscow are solidifying their military ties. On July 22, Russia’s legislative committee approved a bill to ratify a framework agreement on military cooperation with Togo. This step follows the signing of the agreement a few months earlier.
The deal includes joint military exercises, training for Togolese soldiers, security intelligence exchange, and free emergency medical...
Starting in August 2025, Lomé will host a floating terminal with a 160,000 metric ton capacity, operated by United Petro Group (UPG).
This new oil infrastructure will comprise 60,000 metric tons of gasoline and 100,000 metric tons of diesel, stored on a vessel anchored offshore. It aims to ensure an uninterrupted supply to key markets in West and Southern Africa, including Ghana, South Africa,...
American diplomat visits West Africa’s fourth-largest container hub to explore opportunities for U.S. firms amid rising trade barriers.
Highlights:
The US seeks to capitalize on Lomé’s strategic deep-water port for greater African market access.
Togo’s exports to the U.S. rose from $20M in 2021 to $97M in 2024.
New U.S. tariffs risk undermining growth; AGOA status remains...
Togo plans to pay CFA12.121 billion on August 17, 2025, as part of the partial repayment of its Islamic sovereign bond, “Sukuk State of Togo 6.50% 2016-2026.” The Regional Securities Exchange (BRVM) announced this payment schedule.
Lomé launched this Sukuk in July 2016 to raise CFA150 billion. The proceeds financed key economic and social development projects across the country.
The...
Togo's external debt continues to offer more favorable financing conditions than its domestic debt. According to the latest data from the Ministry of Economy and Finance, the average interest rate on external debt was 1.58% at the end of 2024. In contrast, debt contracted on the regional market carried an average rate of 6.65%.
This cost difference is explained by the nature of Togo’s external...
Highlights:
• New facility spans 600 m² with a 540-tonne storage capacity• Equipped with ventilation, leak detectors, fire-fighting, and surveillance systems• The project aims to enhance safety and environmental protection in the chemical sector
A modern and safe warehouse for storing chemical products was recently inaugurated in Cinkassé, northern Togo. Eco Business developed the...
Highlights:
• The program was validated on July 18 in Défalé, Kara region• It targets local actors: agents, teachers, youth, and community leaders• The GEF, UNDP, and the Togolese government backed the initiative
In Togo, a training program promoting sustainable management of land and forest ecosystems was validated on July 18 in Défalé, Doufelgou 2 commune (Kara region).
The...
Highlights:
• Bidding closes on September 5, 2025. Work to begin in November• Project to benefit over 35,000 people and create 600+ jobs• Part of Togo’s push for universal electrification by 2030
Togo has recently launched an international tender to electrify 172 rural communities as part of its national initiative to expand access to energy. The project is steered by the Ministry of...
Togo advances the renovation of Kara University Hospital Centre (CHU) with 35% of work done by June 2025. President of the Council Faure Gnassingbé visited the project site on July 21 to assess progress and consult contractors. This visit followed a recent inspection by the country’s Health Minister.
Dans le cadre du suivi rapproché des projets structurants de la Feuille de route...
Togolese businesses and the state primarily drove bank credit demand in 2024, according to the latest BCEAO report on banking conditions in the West African Economic and Monetary Union. Non-financial corporations received 658.3 billion CFA francs in bank credit, an increase from 2023, making them the top source of demand.
The state followed, receiving 133.1 billion CFA francs. This was an...
Togo’s medical council is preparing legal action against dozens of doctors accused of practising without licenses, its president said last week.
Dr. Békéti Katanga Anthony, recently reappointed for a four-year term as President of the National Order of Doctors of Togo (ONMT), announced the move as part of a broader push to clean up the country’s healthcare sector.
The ONMT has identified...
SUNU Bank Togo's management states the bank has entered a new phase of stabilization and strategic refocusing after a 2024 marked by social tensions. The banking subsidiary of the SUNU Group, which has historical roots in insurance, is now working to move past a crisis inherited from its takeover of BPEC.
In February 2025, the bank began a restructuring effort. This involved closing seven...
Highlights:
First-of-its-kind for Francophone West Africa: Togo to voluntarily undergo IMF-led Governance Diagnostic Assessment (GDA), with results due by end of 2025.
Key focus areas: Anti-corruption, budget transparency, public procurement, and asset declarations of officials.
Linked to ECF program: Part of broader reform agenda under the $400M Extended Credit Facility approved in...
Highlights:
In 2024, Banque Atlantique Togo mobilized nearly CFAF 12 billion in FAGACE-guaranteed operations.
The bank was awarded “Best Partner” for the 2024–2025 financial year at a regional ceremony on May 16 in Lomé.
FAGACE’s interventions secured over CFAF 215 billion across West and Central Africa in 2023.
Banque Atlantique Togo (BAT) has been named Best Partner of the...
In Lomé this week, Togo kicked off its journey toward building a national agricultural insurance system. Farmers, insurers, policymakers, and international partners came together for a two-day consultation designed to lay the groundwork for a new insurance model tailored to local realities.
The gathering, spearheaded by the Ministry of Agriculture, marks the start of a participatory process...