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The University of Lomé (UL) and the Washington International Management Institute (WIMI) are set to sign an educational partnership agreement. The details of this collaboration were outlined on August 20, 2024, by UL President Adama Mawulé Kpodar and WIMI founder Bruno Mukendi.
The partnership will primarily focus on expertise and skill sharing. WIMI will leverage the UL’s expertise to...
Togo officially launched its National Energy Information System (SIE-Togo) in Lomé last week. This initiative is part of the operational phase of a broader West African energy sector development policy led by the Energy and Mining Directorate of the ECOWAS Commission.
The SIE-Togo is a digital platform designed to enhance data sharing, reduce entry errors, and speed up processing times. The...
Essowè Georges Barcola is Togo’s new Minister of Economy and Finance. The replacement of Sani Yaya was announced on August 20, 2024. Barcola, the former Director General of the Togolese National Lottery (LONATO) and a Commissioner at the West African Economic and Monetary Union (UEMOA), where he oversaw the Department of Administrative and Financial Services.
As Minister of Finance and...
The Plateaux and Maritime regions should record heavy rains in the next three months. Togo’s Weather Agency, ANAMET, disclosed the forecast to the press on August 20.
While the upcoming weather conditions are favorable for sowing, they also pose risks according to the ANAMET. The agency said there could be flooding in the watersheds of Lake Togo, Mono, and Ouémé.
To mitigate these...
Togo launched a new issue on the West African Monetary Union’s securities market. Lomé seeks CFA30 billion through the operation which closes on August 22.
In detail, the treasury simultaneously issued fungible bonds and bills (OATs and BATs). It hopes to raise CFA10 billion through the BATs and CFA20 billion through the OATs. The former have a par value of CFA1 million, mature over 182...
The "Strengthening Preparedness and Response to Health Emergencies" project was officially launched in Togo on August 19. The Minister of Health, Moustafa Mijiyawa, launched the initiative in Lomé, the capital. Togo secured $19 million (approximately CFA11 billion) from the Pandemic Control Fund to finance the project.
Fruit of a collaboration with the Food and Agriculture Organization...
The Bank of Africa (BOA) is set to increase its capital for its subsidiaries listed on the BRVM stock exchange, including BOA Togo. This decision aligns with new regulations from the Central Bank of West African States (BCEAO), which require banks in the WAEMU region to maintain a minimum capital of 20 billion CFA francs, accompanied by a three-year moratorium.
In an official statement, BOA...
In Togo, Ecobank, Orabank, BIAT, COFINA, CORIS BANK, SUNU BANK, and BOA are the seven financial institutions integrated in the pilot phase of the WAEMU’s Interoperable Instant Payment System. The last five institutions (Ecobank and Orabank are excluded) joined the platform on August 12, 2024, according to the BCEAO, the WAEMU’s Central Bank.
Across the WAEMU, 90 institutions take part in the...
Last week, Lomé hosted a meeting to review the WAEMU Regional Program for Tourism Development (PRDTOUR). The WAEMU Commission initiated the gathering.
On the occasion, participants reviewed actions undertaken in Togo, as part of the program. Togo’s Minister of Tourism, Kossi Lamadokou, was present. “Many challenges still need to be tackled in Togo and other countries within the space,...
Togo's telecom watchdog, the ARCEP, has launched a digital platform, to simplify administrative procedures for users.
The platform is accessible at e-services.arcep.tg. It allows users to perform various tasks, including declaring value-added services, requesting installer approvals, and allocating numbering resources. Users can also submit requests for renewing or modifying authorizations...
The 2024 Forum on China-Africa Cooperation (FOCAC 2024) will take place from September 4 to 6 in Beijing, China. This year's theme is “Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future”.
The event was announced by Chao Weidong, China's ambassador to Togo, during a media meeting in Lomé last weekend.
Ministerial meetings will be...
The Port of Lomé (PAL) moved up one spot in LLoyd’s latest Top 100 Container Ports Index. The Togolese port ranked 93rd this year.
According to Lloyd’s List, the West African port handled 1.9 million TEUs (twenty-foot equivalent units) in 2023, from 1.8 million TEUs in 2022(+5%).
The PAL is the only sub-Saharan African port ranked in the Top 100 list. "Lomé is now the sole...
The Togolese Chamber of Trade and Industry, CCIT, has a new boss: José Symenouh. He was elected last Friday, August 16, in Lomé, at the first session of the Chamber’s new consular assembly.
Symenouh, former manager of NSIA-Togo, won 43 of 75 votes and came ahead of Patrick Magnon, who won 31 votes.
The CCIT’s new chairman is a well-known businessman in Togo. He headed several...
The Togolese President, Faure Gnassingbé, recently recently two delegations from Niger and Burkina. He first received the delegation from Burkina Faso, on August 9, and the one from Niger on August 12.
Both delegations were in Lomé to discuss ways to bolster diplomatic relations and cooperation with Togo.
The Niger delegation was led by the Minister of Public Health and Social...
Togo received 5,066 tons of fertilizer from Japan on August 13. The Asian nation donated the shipment, valued at CFA2.2 billion, to support Togo’s 2023 Economic and Social Development Program.
The Togolese Minister of Agriculture, Antoine Lekpa, received the shipment from the Japanese ambassador, Ikkatai Katsuya.
In detail, 3,295 tons of NPK15-15-15 and 1,771 tons of urea were...
Togo raised CFA32.7 billion on the West African Monetary Union (WAMU) public securities market last Friday, August 9. That is CFA2.7 billion more than its target for the operation.
According to the operation’s report, CFA27.3 billion was secured through fungible treasury bills (BATs). The securities mature over 182 days and 364 days.
The remaining CFA 5.4 billion, according to the...