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Togo’s debt level should fall below 70% of GDP next year, in line with WAEMU’s macroeconomic convergence criteria. This was forecasted by the IMF's mission that stayed in the country from October 18 to 31, 2018.
Similarly, the mission said Lomé’s budget deficit should stand below 3% of GDP. “We believe that in 2019, Togo’s budget should meet WAEMU’s macroeconomic convergence...
“Togo did almost six times better than Mauritius”. This was declared by Sandra Ablamba Johnson, Head of Business Climate Cell (CCA) and Advisor to the President, commenting on Togo’s score in the latest Doing Business report.
Indeed, Togo’s score rose by 6.32 points to 55.20 points while the score of Mauritius, first African nation on the 2019 Doing Business, increased by 1.29 points...
The commission of the Economic Community of West African States (ECOWAS) just launched a regional contest for a name and icon for the future single currency within the community.
Open to "citizens of all the member states of the organization, regardless of their place of residence, and to moral entities legally established in a member state", this contest will end on November 20, 2018.
The best...
Togo is among top five countries in Africa in terms of maritime connectivity. This is revealed in the 2018 maritime transport report published by the United Nations Conference on Trade and Development (UNCTAD).
With an indicator of 35.9, Togo comes after Morocco (71.5), Egypt (70.3), South Africa (40.1) and Djibouti (37).
Togo’s rise in the ranking since 2010 was spurred by activity at the...
From October 29 to November 1, 2018, Togo’s President, Faure Gnassingbé attended in Berlin the G20 investment summit.
The event gathered multiple Heads of States and governments adhering to the Compact with Africa program. On this occasion, the Togolese president and his delegation were able to showcase their country’s new development agenda.
Indeed, the delegation met various German...
On October 31, 2018, an IMF mission in charge of the third rewiew of Togo’s extended credit facility program met with the press.
Led by Ivohasina Razafimahefa (photo), chief of IMF’s mission in Togo, the meeting gave the mission a chance to share conclusions of its review, regrouping them into three main axes.
First, the mission said that next month IMF’s board will assess the review in...
On October 30, 2018, the Togolese author Ayi Renaud Dossavi-Alipoeh won the France-Togo 2018 littérature awards for his poetry book "Chants de Sable".
Laureate of the first place for the writing contest "L’Afrique de mes rêves" initiated by the African Devlopment Bank (AfDB), the young Togolese illustrated himself during this fiftenth edition of the France-Togo literature award with...
Starting from December 17, 2018, Ethiopian Airlines will launch direct Lomé-Los Angeles flights, well-informed sources reveal.
To serve this line, the airlines company should have the fifth-freedom rights between Los Angeles and Lomé which means that passengers can only book flights exclusively between the two airports.
The schedule is as follows:
Addis Ababa- Lomé,
Departure 08 : 20,...
In Africa, Togo is one of the nations that has implemented the most reforms in 2018. This is revealed in the 2018 Mo Ibrahim Index on African Governance (IIAG) released October 29.
11th most reformist country in Africa since 2008
Just like last year where it outpaced many of the best economies in the reform category, becoming Africa’s second most reformist nation in the last 10 years, behind...
Published today October 31, 2018, the yearly reference report on business environment places Togo in the 137th place in the world.
The country thus gains 19 places compared to the 2018 edition of this document that reviews the ease of doing business in 190 countries.
Togo now outruns good performers like Senegal and Tanzania. It also largely outcompeted Benin, Nigeria, and Burkina...
This year, the 34th edition of the two-week commercial which has become one of the reference end of year events in the sub-region will be held.
Yesterday October 30, 2018, Bernadette Legzim-Balouki, the trade minister, launched this edition in Lomé in the presence of Germain Méba, president of Togo’s Chamber of Commerce and Industry and economic operators.
Organized on three...
Togo’s government has started building and equipping a data center and a TIER III-level Carrier Hotel in Lomé. This was disclosed by the ministry of posts and digital economy in a document obtained by Togo First.
These projects fall under the West African Regional Communications Infrastructure Program (WARCIP-Togo). The program which received a $30 million financing from the World Bank...
Togo’s President has been invited by Germany’s chancellor, Angela Merkel, to take part to G20’s investment forum started today and ending November 1, 2018.
According to the Presidency’s communication cell, various heads of State that partner in the Compact With Africa program, will meet with representatives of international firms and financial institutions, in the presence of German...
Angolan group DGM is qualified for the final stage of an international tender launched by Lomé for the development of a national biometric identification system. The latter is one of the major projects of Togo’s new national development plan (2018-2022).
DGM Sistemas takes part to the bidding with Mtdhouse and Unys. The first operates in the IT sector and develops infrastructures to modernize...
In Togo, under the mechanism fostering agricultural funding (MIFA), Orabank-Togo has issued a loan of more than CFA330 million for 392 farmers who belong to three cooperatives.
The cooperatives are COOP-CA UCAPRIKO, COOP-CA UCARIM and COOP-CA UNION WLI-BOLOU which respectively received CFA125,249,000, CFA120,383,000 FCFA and CFA88,665,000 FCFA to fund their operations.
Interest rate on...
CFA25.077 billion. That is the amount raised by Togo’s treasury through its latest fungible bonds issuance on the UMOA-Titres market last Friday.
This sum is about half (54.1%) the amount targeted by the treasury. In detail, total amount of bids placed for the 3-year bond issuance was CFA23.259 billion, of which CFA21.03 billion was retained. As for the 5-year bonds, only about CFA4 billion...