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Togo raised CFA34 billion on the WAEMU market last Friday. The country’s treasury obtained the funds through a simultaneous issue of fungible treasury bonds and bills (OATs and BATs in French).
Overall, 16 investors subscribed to the operation, raising CFA35 billion, out of which the Togolese treasury retained CFA34 billion.
According to the operation’s report, the treasury secured...
Inflation in Togo should keep falling this year. According to the government, it should drop to 2.7%, from 5.3% in 2023.
Sani Yaya, Minister of Finance, disclosed the forecast in the latest meeting of the National Council of Credit (CNC in French). During the roundtable, stakeholders also discussed progress on the economic, financial, and monetary fronts in 2023, as well the macroeconomic...
The government will kick off tomorrow, March 19, the construction of 21 bridges in the countryside. Togo First learned from a reliable source that President Faure Gnassinbé would launch the project. Matière, a French company, is in charge of the works.
The project is set to begin in Kolidè, in the Ogou 2 municipality (Plateaux region).
With the bridges, rural people in the...
Last week, Adenia Partners announced it has acquired 12 subsidiaries of Air Liquide, a French industrial gas group. Adenia, a Mauritius-based private equity firm, indicated that the businesses acquired are spread across West and Central Africa. Togo is included.
Established in Togo in 1970, the French company Air Liquide supplies a range of industrial and medical gases, based on fundamental...
Austrian Airlines can now serve Lomé directly. Last Thursday, March 14, Togo and Austria signed an agreement to this end. The deal was signed in Lomé, by the Togolese Minister of Transport, Affoh Atcha-Dedji, and the Austrian Ambassador to Togo, Thomas Schlesinger.
Commenting on the deal, Idrissou Ahabout, Managing Director of the National Agency for Civil Aviation of Togo (ANAC), said:...
Togolese exports grew from CFA566.1 billion to CFA841 billion in value from 2012 to 2022. The data, consulted by Togo First, was initially reported by the country’s Institute for Statistics, INSEED.
According to the source, though there were fluctuations over the decade concerned, the figure grew from year to year on average, and so did activity at the port of Lomé.
From 566.1...
Last year, the Togolese Revenue Office (OTR) collected CFA990 billion in taxes and customs duties. According to Philippe Kokou Tchodie, Commissioner General of the OTR, the tax office had expected it would collect CFA921.1 billion in 2023. He disclosed the figures last week.
The amount collected last year is 14% more than in 2022–CFA852 billion.
The OTR is doing well and is doing...
Togo produced 38,880 tons of cashews in 2023. This is against 22,937 tons in 2019 (+70%). The figure was disclosed by the Interprofessional Council for Cashew in Togo (CIFAT), on March 14. The same day, the country launched its new cashew sales campaign for the year.
While production has grown significantly in the past five years, processing still lags. “From 2019 to 2023 on average...
Rose Mivedor, the Togolese Minister of Trade, participated, virtually, in the second UN Forum on the Future of Least Developed Countries. On this occasion, the official called the LDCs to commit to the structural transformation of their socioeconomic sectors.
According to Mivedor, social progress, and economic growth stimulate innovation, and that is why LDCs need to structurally transform their...
Together, Niger, Mali, and Burkina Faso totaled over 92% of the port of Lomé’s transit in 2022.
In detail, Burkina Faso grabbed 80.48% of the port’s transit. Niger came next with 7.63%, and Mali followed with 4.55%.
According to the Togolese Minister of Maritime Economy, Edem Tengue, the three countries of the Alliance of Sahel States (AES) passed the 90% mark in 2019 and the figure...
Togo has made significant investments and introduced several reforms to improve human capital. In a three-day visit to the country that ended on March 11, the World Bank VP for West and Central Africa, Ousmane Diagana, made the statement. Diagana had just met with Togolese PM, Victoire Tomegah Dogbe.
Throughout his stay, the World Bank executive met various officials with whom he discussed the...
Togo imported 52,568 tons of Thaï rice last year, according to the Ecofin Agency. This makes the country the tenth biggest importer of Thaï rice in Africa.
The top five are South Africa, Senegal, Cameroon, Mozambique, and Côte d’Ivoire. They imported 2.48 million tons in 2023. They were followed by Zimbabwe (55,691 tons), Algeria (76,747 tons), Angola (135,909 tons), Benin (139,206...
Electrification rates in many Togolese towns have surged over the past year. The minister of energy, Mila Aziable, recently disclosed the figures, attributing the improvement to several projects and programs, including the Tinga Fund launched in April 2022.
In the Savanes region, the electrification rate increased from 22% to 33% between 2022 and 2023. During the same period, it rose from 35% to...
The World Bank Group launched its 2024 report "Women, Business and the Law" in Lomé on March 8, on International Women's Day. The launch was attended by World Bank Vice President Ousmane Diagana, Minister Secretary-General of the Presidency Sandra Ablamba Johnson, and several officials.
The new report focuses on existing gender-equal laws, frameworks facilitating their implementation, and...
Togo just launched a project to strengthen energy distribution capacity in the central region. The project aims to enhance access to electricity in major inland cities.
Led by Mila Aziable, Minister Delegate for Energy, and her counterpart Foli-Bazai Katari for the environment, the initiative targets urban and peri-urban areas such as Dapaong, Kara, Sokodé, Atakpamé, Kpalimé, and...
The second edition of the Agricultural Producers Forums (FoPAT) launched today, March 11. It ends next month, on April 12. This year, the nationwide event focuses on the theme "Together for the Modernization of the Agricultural Sector."
The first phase of the FoPAT edition is hosted by the Maritime Region, in Tsévié. Farmers from the Maritime Region will gather for two days to discuss the...