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The Gnassingbé Eyadema International Airport (AIGE) had 1.4 million passengers in 2023. This is 52% more than in 2019, when the figure stood at 916,000.
The launch of new flight routes mostly spurred the surge. Six new routes have been launched, two with Ethiopian Airlines and four with Asky, bringing the total number of destinations served worldwide to 41. Additionally, Liz Aviation, a firm...
Togo raised CFA30.3 billion on the West African Monetary Union (WAMU) securities market last Friday, July 12. That is about CFA5 billion less than the country was targeting for the operation.
According to the operation’s report, Lomé secured CFA17.5 billion through fungible treasury bills and CFA12.8 billion through fungible treasury bonds. The former mature over a year and the latter...
The World Bank and the Government of Togo signed three new financing agreements last Friday, July 12. Totaling $298 million, the funds will help Togo boost access to electricity, improve public service delivery, and foster social cohesion.
The deals were inked by the World Bank’s Resident Representative and Togo’s Minister of Finance, Fily Sissoko and Sani Yaya, respectively. The...
The Togolese Ministry of Trade, Handicrafts, and Local Consumption, together with representatives of public administrations and economic operators, validated the National Strategy for Local Consumption on July 10, 2024.
This strategy is built around three main pillars. Firstly, it aims to make local goods and services more competitive. Secondly, it seeks to increase the visibility and...
Togo's new universal health insurance program has already enrolled 800,000 people. The program was launched in January 2024.
The figure is nearly 50% more compared to the 470,000 people previously covered by the National Health Insurance Institute (INAM).
The rapid growth in enrollment for the new universal health insurance program demonstrates Togo's commitment to improving access...
Sandra Johnson, Secretary General of Togo’s Presidency, met the press people last week on July 4. She told them about the steps that allowed the country to rank first among WAEMU countries in the latest Human Development Index (HDI) report. Johnson was with Yawa Kouigan, the Minister of Communication.
Togo scored 0.547 in 2023-2024 on the report, against 0.539 in 2021-2022. This is the fifth...
Togo's healthcare accessibility rate increased from 71% in 2020 to 90.7% in 2023, according to a report by the Presidency of the Republic. Published on July 4, 2024, the document includes the latest Human Development Index (HDI) figures.
According to the report, key factors that spurred the progress include the Wezou Initiative, designed to provide care for pregnant women and newborns. By the...
Inflation in Togo stood at 3.9% in May 2024, down from 4.1% in April. The figure was disclosed by the country’s statistics institute, the INSEED.
The INSEED also reported that the National Harmonized Index of Consumer Prices (INHPC), which tracks price trends for most consumer products, rose by 1.6% between April and May.
Food Products
The price surge from April to May was mainly...
Agence Togo Digital (ATD), the government's operational arm for digital projects, is set to launch an ambitious initiative called "DigiTour" aimed at Very Small and Medium-sized Enterprises (VSMSEs). The awareness-raising tour will run from July 29 to August 10, 2024, across Togo's five administrative regions.
The tour aims to inform MSME owners about the possibilities that digitalization...
With the imminent withdrawal of the AES countries (Burkina Faso, Mali, Niger) from ECOWAS, observers there are growing concerns about the potential consequences of their exit from the regional economic community.
ECOWAS authorities expect the withdrawal to impact the free movement of people and goods significantly. Citizens of Burkina Faso, Mali, and Niger could soon need visas to travel to...
Togo’s National Institute of Statistics and Demographics (INSEED) signed a memorandum of understanding with the African Centre for Equitable Development (ACED) on June 28.
The move aims to support INSEED in key areas such as implementing the statistical visa, improving research capacities, and organizing study tours. It should also enable the Institute to leverage ACED's expertise and explore...
Plan International Togo and the Cadre de Concertation des Acteurs de l'Eau et de l'Assainissement de Base au Togo (CCEABT) have partnered to help the government improve water and sanitation practices and investments. The related memorandum of understanding was signed last weekend.
The partnership is backed by the Ministry of Water and Village Hydraulics.
Plan International Togo and CCEABT...
Star Garments Group Limited, a subsidiary of the American company Charles Komar & Sons, has secured a $15 million loan (around 9 billion FCFA) from the International Finance Corporation (IFC) to set up Togo’s first large-scale, export-oriented garment manufacturing plant.
The IFC announced the news on July 8. According to the World Bank’s private sector arm, the project could create...
Togo’s electricity access rate rose from 50% in 2020 to 68% in 2023. According to the Presidency, the surge is due to several inclusive initiatives, including the CIZO and Tinga Fund projects. Over 600,000 households now have light because of these projects.
Another project that fostered the increase is the installation of 50,000 autonomous and intelligent solar streetlights launched in April...
Exports from Togo to other ECOWAS countries stood at CFA52.968 billion in March 2024. The figure was disclosed by the country’s Institute of Statistics and Demographics (INSEED).
The biggest portion of the exports, 83% or CFA44.358 billion, was captured by the West African Economic and Monetary Union (UEMOA) countries. Côte d'Ivoire was Togo's main trading partner in the Union; receiving...
Togo will seek CFA35 billion on the WAEMU market on July 12. This will be the country’s first issue on the regional market this semester. Lomé will issue fungible treasury bills (BAT) and fungible treasury bonds (OAT).
In detail, Togo will seek CFA10 billion through the BATs and CFA25 billion through the OATs. The first securities have a nominal value of CFA1 million, stipulated with a...