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Over the first quarter of 2024, Togo’s debt servicing stood at CFA269.17 billion, with 86% being domestic debt. The sum represents 40% of the debt servicing in 2023–CFA706 billion.
Debt servicing comprises all payments made by the country to meet the financial obligations associated with its borrowings, including repayment of principal (the initial amount borrowed) and interest...
Since 2022, the Support Program for Vulnerable Populations (PAPV) has invested CFA1.2 billion to upgrade markets in nine areas of Togo's central region. These investments aim to boost the local economy and improve living standards.
One of the beneficiaries is Kassena, where the market has been relocated to a modern five-hectare site. The new market features cantonal-type sheds, storage...
Togolese President Faure Gnassingbé arrived in Beijing on September 1, 2024, to attend the ninth China-Africa Economic Forum (FOCAC 2024). He met with Chinese President Xi Jinping on September 2, where they announced the upgrade of their relations to a comprehensive strategic partnership, the highest level in China's diplomatic relations.
According to the Togolese presidency, this move...
Togo recently launched a new issue on the UMOA Securities market. This time, Lomé has issued fungible treasury bills, seeking CFA30 billion. The operation closes on September 6.
The bills issued have a par value of CFA10000 per unit and mature over 91 days. They carry multiple interest rates.
So far this year, Togo has raised CFA593 billion on the regional market. That is 97% of its...
Togo has officially joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) as its 50th member. This was announced on September 2, 2024.
Joining the ICIEC will allow Togo to attract investments and enable local businesses to secure export loans for locally-produced goods and foster socio-economic development.
Welcoming Togo, ICIEC’s...
The Gnassingbé Eyadéma International Airport welcomed 325,709 passengers in the first quarter of 2024, a 6% increase from the previous year. The Directorate General of Budget and Finance (DGBF) reported this figure in its recent budget execution report.
This growth continues a positive trend since 2021, following a significant drop in 2020 due to the COVID-19 pandemic when passenger numbers...
Joaquín Tasso Vilallonga, the European Union (EU) Ambassador to Togo since 2020, has completed his mission in the country. Gwilym Jones, a British diplomat, will now lead European diplomacy in Togo.
Vilallonga announced his departure on X on August 31, 2024."Today, my mission in Togo comes to an end and I hand over to my colleague Gwilym Jones, who will take over this account in the coming days...
Togo’s Ministry of Digital Economy and Digital Transformation is seeking a director for the NanaTech program. This is a program that supports women entrepreneurs in the digital sector.
The hired director will monitor and evaluate current initiatives and ensure the program's continuity by creating synergies with existing efforts. He/She will also help define and implement additional...
The United Nations Development Program (UNDP) launched the 2024 edition of the "Startup Innovation Challenge" last weekend in Lomé. Project submissions are open until September 18.
This competition aims to support Togolese digital startups by promoting innovative technological solutions for local challenges. The UNDP seeks projects that can significantly impact communities and industries.
At...
Togo's President, Faure Gnassingbé, is in Beijing for the 9th Forum on China-Africa Cooperation (FOCAC) summit. He arrived on September 1, three days before the event’s opening.
This year's theme is "Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future." Discussions will focus on security, health, economic recovery, and climate change, with...
Audiovisual regulators of WAEMU States and Guina (PRA-UEMOA-GUINEE) are gathered in Lomé for their 11th General Assembly. The roundtable kicked off yesterday and ends today. Its theme is: "Effective implementation of DTT in Platform member countries: state of play, proposals and strategies for action in the face of delay."
One of the key highlights of the meeting will be the confirmation of...
Togolese authorities plan to launch a major cleanup operation for the Gbaga channel, a natural border with Benin. Both countries will be involved.
Set to cost CFA4.7 billion, the cleanup is part of the WACA ResIP Coastal Resilience Program. The latter aims to reduce flooding risks and improve the quality of life for riverside communities.
The 30 km-long Gbaga channel faces silting,...
The "NanaTech Immersion" program was kicked off in Togo’s Central region on August 26. The program which was previously rolled out in the Greater Lomé, Kara, and Plateaux regions aims to drive women's empowerment in the ICT sector.
In the Central region, 20 women are receiving, under the program, specialized training to help them integrate digital tools into their businesses. This is to help...
The Togolese Federation of Soybean Cooperatives (Fédération Nationale des Coopératives Productrices de Soja –FNCPS-Togo) has a new president. Elected during a general meeting on August 26, Daloli Mimbouab replaced former chairman Kadzakadè Komlan. He will lead a nine-member board for a three-year term.
Under the previous president, soybean production increased from about 40,000 tonnes in...
The universities of Lomé and Kara are embarking on a process to facilitate student transfer between them. A brainstorming workshop in Lomé, ending August 28, 2024, focuses on harmonizing curricula and student mobility within Togo's public universities.
The goal is to standardize teaching unit content and establish harmonized diploma criteria. At the end of this process, the universities will...
The municipalities of Cinkassé 1 and Tandjoaré 1, northern Togo, have updated their Communal Development Plans (CDP). This decision came on August 26, 2024, in Cinkassé, located 650 km north of Lomé.
Previously, the CDPs did not address security issues but now they do. The revision incorporated insights from the National Strategy to Prevent and Combat Violent Extremism (NSPCVE).
The revised...