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The West African Development Bank (BOAD) has inaugurated a documentation center at the University of Lomé to support education and research. The center opened on November 26, alongside the signing of a cooperation agreement with five Togolese higher education institutions.
The new center is designed to assist teachers, researchers, and students in their academic work. It provides access to over...
India was Togo’s top export destination in Q3 2024, with 20.1% of total exports valued at CFA42.9 billion.
According to Togo’s Statistics Institute, INSEED, Burkina Faso came second, with 13.7% of exports, valued at CFA29.2 billion. Côte d'Ivoire followed with 9.6% and CFA20.4 billion, in share and value.
This trend highlights Togo's strong connections with its neighboring...
The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, announced on November 25 a €506 million ($535 million) guarantee to support sustainable development in West Africa through the West African Development Bank (BOAD). This funding will back loans from Société Générale (France) and HSBC (UK) to BOAD for projects focused on energy transition and climate...
The United Nations Development Program (UNDP) has provided the Savanes region in Togo with CFA87 million worth of IT equipment. The donation is part of the Conflict Prevention and Violent Extremism Support Program (CIPLEV) formalized on November 26 in Mango.
The equipment, which includes computers, printers, and scanners, aims to make the region’s civil registry services more efficient....
The 19th edition of the International Fair of Lomé (FIL) kicked off on November 22, 2024, for two weeks. This year, the fair which is dedicated to trade, innovation, and economic exchange is held at the Centre Togolais des Expositions et Foires (CETEF). Mali is the guest of honor for this edition.
Togolese Prime Minister Victoire Dogbé chaired the opening ceremony, with other government...
Togo holds its first National Week of Protected Areas (SNAP). Started on November 26, the event ends on November 28. Held in Afito, in the Yoto Prefecture, 70 km northeast of Lomé, the capital, the SNAP aims to underscore the significance of protected areas and the vital role that local communities play in their sustainable management.
Themed “Local Communities at the Heart of the Sustainable...
Togolese microfinance institutions (SFDs) loaned CFA4.2 billion more in Q2 2024 or 1.2% than they did in the previous quarter.
According to the Central Bank of West African States (BCEAO), which disclosed the data, Togo recorded the second-highest absolute growth within the West African Economic and Monetary Union (WAEMU) in H1 2024. Senegal came first, with loans surging by...
A dozen Togolese startups are in Cape Town, South Africa, for the "Soft Landing" immersion program. The program began on November 25 and will end on December 2. It aims to provide Togolese entrepreneurs with insights into South Africa's technological and economic landscape, a crucial hub for businesses seeking opportunities across Africa.
Participating companies include Anaxar, Aviocole, Edole,...
In Togo, President Faure Gnassingbé met with Jeremy Awori, the CEO of Ecobank, on Monday, November 25, 2024. They discussed the bank's operations and its impact on the Togolese economy.
"Our head office [Ecobank Transnational Incorporated] covers 35 countries across Africa and is based here in Lomé, Togo. It's essential to update the Head of State on our company and explore partnership...
From December 3 to 5, 2024, Lomé will host the first West African Energy Cooperation Summit (WA-ECS). Organized by EnergyNet Limited with the Togolese government and support from the World Bank, the three-day event will gather experts, policymakers, and investors under the theme “Stimulating West Africa's Growth through Strategic Partnerships in the Energy Sector.”
The summit will feature...
Togo's Minister of Water and Sanitation, Mila Aziablé, traveled to Kuwait on November 24, 2024. She is there to discuss the drinking water supply project for Kara, a town 414 km north of Lomé, with officials from the Kuwait Fund for Arab Economic Development (KFAED).
The project, funded with CFA12 billion from KFAED, aims to provide water for the local population by increasing daily water...
The International Monetary Fund (IMF) considers Togo as an emerging model of economic stability. The Fund’s Executive Director for sub-Saharan Africa, Ouattara Wautabouna, said so last week during a meeting with Togolese President, Faure Gnassingbé. The two men met in Lomé on November 20, 2024.
On the occasion, Wautabouna emphasized that Togo's economic performance reflects exemplary...
Africa Global Logistics (AGL), formerly Bolloré Transport & Logistics, has launched its "Accelerate" program in Abidjan, Côte d’Ivoire. The program targets African startups operating in the logistics sector. Six startups have been selected for the inaugural cohort. One of them is Lomé-based Eazy Chain, founded by Wilfried Dabire. The five others are PAPS and ALAL from Senegal, APPLOAD...
The Electric Energy Company of Togo (CEET) will launch a satisfaction survey on December 1, 2024. The utility will evaluate the quality of its services and products among subscribers. The survey will last two months and cover all six regions of the country.
“The operation consists of collecting subscribers’ opinions and measuring their satisfaction or dissatisfaction level regarding...
Togo has once more confirmed its eligibility for the Millennium Challenge Corporation (MCC) Compact program, a key funding initiative from the United States, by validating 16 out of 20 indicators for the MCC 2025. Togo had validated 14 indicators in 2023 and 2024, respectively.
This year, Togo successfully validated 7 of the 8 indicators related to "economic freedom." The country maintained its...
Togo’s Centre Hospitalier Universitaire (CHU) de Kara will soon have a nephrology and hemodialysis department. The project was officially kicked off on November 22, 2024, by Wotobé Kokou, Secretary General of the Ministry of Health and Public Hygiene.
Ecobank Group and the UN Development Programme (UNDP) back the CFA485.6 million project. Once completed, the center will provide crucial...