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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...
There are 126 licensed architects and 58 architecture firms in Togo at the moment. The National Order of Architects of Togo (ONAT) revealed this information last Thursday, May 2, presenting the 2024 Order List to the public and media.
The list catalogs licensed architects authorized to practice within Togo and the UEMOA region. Among the 126 architects, there are 20 women, 106 men, and 12...
Togo's National Independent Electoral Commission (CENI) announced the provisional results of the April 29, 2024 legislative elections, revealing a dominant victory for the ruling Union for the Republic (UNIR). UNIR secured 108 out of 113 seats in the National Assembly, claiming nearly 96% of the available seats. The opposition parties collectively won only 5 seats, with two going to the Alliance...
The Kara Savings and Credit Cooperative (COOPEC-Kara) shared its 2023 performance report recently, revealing a loan portfolio of 2.8 billion FCFA, an 11.64% increase from the previous year's 2.5 billion FCFA.
As the Togolese Press Agency (ATOP) reported, COOPEC-Kara saw its membership grow to 44,671 members by the end of 2023, up from 42,381 in 2022, a 5.40% increase. This rise in new accounts...
The BCEAO injected CFA511 billion at a 5.5% rate into Togolese banks this week as part of its routine liquidity operations. A total of CFA7,400 billion was granted in the auction on April 30, 2024, with 110 financial entities from the eight WAEMU countries participating. Ivorian banks received the most: CFA1,741 billion. They were followed by Burkinabe banks which obtained CFA1,312...