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The Constitutional Court of Togo announced the final results of the April 29 legislative elections yesterday, May 13. The ruling party, Union for the Republic (UNIR), secured a dominant victory with 108 out of 113 parliamentary seats, nearly 96% of the total.
Opposition parties claimed the remaining five seats. The Alliance for Democrats for Integral Development (ADDI) secured two, while the...
Last week, Togo and France signed an agreement to streamline professional visa processes for France and the Schengen area benefiting both countries' nationals. The agreement was inked in Lomé by the French Ambassador to Togo, Augustin Favereau, and Togolese business and consular leaders.
The partnership will simplify visa applications through concrete measures. A "fast lane" will expedite...
Togo raised CFA33 billion on the WAMU securities market last Friday. Lomé secured the funds through a simultaneous issue of Treasury Bonds (OATs) and Treasury Bills (BATs). The target was CFA30 billion.
In detail, Togo secured CFA17.7 billion through the BATs. These securities mature over 91 and 364 days, at varied interest rates. The remaining CFA15.3 billion was raised through the OATs with a...
Togo reiterated its call for a "new Africa" during the 4th Africa Integration Day in Lomé. Foreign Minister Robert Dussey last Wednesday emphasized the vision of an independent, sovereign Africa on the global stage.
Dussey declared that the New Africa vision is one of independence and sovereignty. He added that Togo supports this pan-Africanist vision, underscoring that “it is not an...
The Volta Basin Authority (ABV) holds a three-day national workshop on climate change in Lomé. The World Meteorological Organization and the Global Water Partnership in West Africa back the event.
The workshop, ending on May 10th, gathers around 40 participants from various organizations, including Togo's water, meteorology, civil protection, environmental, and agriculture agencies.
The...
Togo’s second-largest public university, the University of Kara, celebrated its 20th anniversary with Open Days on May 6th and 7th, 2024. This event aimed to familiarize students from Kara and media professionals with the university.
The university showcased its study programs, the LMD system (Bachelor 's-Master 's-Doctorate), and its regional development contributions. The focus was on...
Togo has launched the implementation of a Hydro Agro Meteorological Information System (SIHAM), a digital solution to improve rainfall forecasts for farmers. The initiative began with the training of 25 survey agents in Sokodé, a city in the country's center.
Supported by the World Bank's Fund for Rural Poverty Reduction (FSRP), SIHAM aims to enhance the dissemination of rainfall forecasts for...
Togo's telecom regulator ARCEP plans two mobile network quality checks in 2024. The watchdog seeks to this end an international firm to assist with 2G, 3G, and 4G assessments nationwide. It launched the related tender on May 6.
The campaigns will evaluate service indicators using test call platforms. ARCEP says this is part of its regulatory mandate. The regulator added that operators failing to...
Togo’s top media regulator, the HAAC, recently warned French media Radio France Internationale (RFI) about its coverage of the country's socio-political news.
In a letter dated May 6, 2024, the HAAC highlighted RFI's lack of neutrality and fairness in its news coverage, despite previous warnings. Telou Pitalounani, President of the HAAC, specifically criticized RFI for persistently...
Experts and executives from universities in 20 member countries of the Organization of African, Caribbean, and Pacific States (OACPS) are holding a three-day meeting in Lomé to discuss research and innovation (R&I) financing. Started on May 6, the roundtable aims to bolster this financing, according to local media Togopresse.
Participants are exploring ways to establish national funds...
The Togolese Storage Company (STE), responsible for storing and distributing petroleum products, recently inaugurated a photovoltaic plant on its premises. The ceremony, held on Tuesday, May 7th, was attended by various dignitaries.
With an installed capacity of 90.6 Kwc across 426 m2, the system is set to cover a portion of STE's energy needs and reduce electricity costs. The plant is expected...
Lomé will host the 3rd edition of the International Forum on Digital Intermediation and Innovation (FONI) on May 16th and 17th at the 2 Février Hotel. The organizer, Afrik Créance, said the event will shine a spotlight on the close ties between finance and digital technology in Africa. Between 300 and 1,000 participants are expected.
Focused on the theme "Intermediation, Financing SMEs for...
Recent data from the BCEAO reveals that the microfinance sector in West Africa, particularly in Togo, experienced growth by the end of December 2023, despite facing some headwinds.
Credit Portfolio Expansion
The outstanding loans granted by Decentralized Financial Systems (DFS) or microfinance institutions in Togo increased by 6.5% in the fourth quarter of 2023 (quarter-on-quarter), marking an...
Moov Africa Togo (MAT) and Togo Cellulaire (TGC) were the WAEMU’s top two mobile internet service providers in 2023. The Togolese telecom watchdog, ARCEP, confirmed this on May 6.
Leading the UEMOA Region
"Both operators' internet connection performances rank them at the top two positions in the region according to the nPerf score," ARCEP noted, citing an analysis of 128 mobile operators...
Togo's new constitution was enacted on Monday, May 6, 2024, by President Faure Gnassingbé. This change stems from a constitutional amendment adopted by the National Assembly on April 19.
The new constitution introduces a transition to a parliamentary system, a pivotal shift in the country's governance. This is accompanied by the creation of the Prime Minister position and the establishment of a...
Togo recently launched a news simultaneous issue on the WAEMU securities market, seeking to raise CFA30 billion. Set to close on May 10, the operation involves issuing Fungible Treasury Bonds (OAT) and Fungible Treasury Bills (BAT).
According to the tender notice, the BATs have a par value of CFA1 million, with maturities of 91 and 364 days and varying interest rates. The OATs have a par value...