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The ECOWAS Development and Financing Fund for the Transport and Energy Sectors (FODETE) should come online by the end of this year. According to the Ecofin Agency, which reported the news, Sediko Douka, the ECOWAS Commissioner for Infrastructure, Energy, and Digitalisation, mentioned the possibility on April 4, on the sidelines of the first ECOWAS Investment Forum (EIF) in Lomé.
Approved for...
Togo’s cereal production has grown steadily in the past five years. From 1.26 million Mt in the 2019 campaign, it rose to 1.5 million Mt in 2023. Togo First obtained the data from the Central Bank of West African States (BCEAO).
In detail, the output stood at 1.26 million Mt, 1.36 million Mt, 1.397 million Mt, 1.44 million Mt, and 1.5 million Mt in 2019, 2020, 2020, 2021, 2022, and...
Togo has joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The country’s parliament passed on April 4 a law approving its adhesion to the Corporation.
Joining the ICIEC allows Togo’s businesspeople to secure export loans for goods produced locally. Commenting on the development, Rose Mivedor, the Minister of Trade and Local Consumption, claimed...
At last, Mila Aziable, Togo’s Minister of Energy, commented on the power outages that the country has been experiencing since January 2024. The official gave the real reasons behind the crisis on X (ex-Twitter).
"The energy crisis that has been ongoing since January 2024 in our region, mainly due to a natural gas supply shortage, is causing power cuts and disrupting our economies,"...
A total of 4,503 businesses were officially registered in Togo over the past quarter. The figure, compiled by the country’s Center for Business Formalities (CFE) and obtained by Togo First, is 3% less than the number of businesses registered over the same period last year – 4,655.
In detail, CFE data indicates that 1,546 businesses were registered in January 2024, compared to 1,636 in 2023....
The first ECOWAS Investment Forum began today, April 4th, in Lomé. The two-day event gathered over 400 key stakeholders of development, investment, and governance in West Africa. Together, they will discuss major issues the region faces. These include food security, developing sustainable infrastructure, and leveraging the green economy to tackle youth unemployment.
“In a world plagued...
Togo wants to secure CFA30 billion for its inaugural operation on the WAEMU market this quarter. The operation involves a simultaneous issuance of fungible treasury bonds (OATs) and fungible treasury bills (BATs), with the closing date set for April 12.
Specifically, the country seeks to raise CFA15 billion through BATs and an equal amount through OATs. The BATs have a par value of CFA1 million,...
The government of Togo has postponed the coming legislative and regional polls. Intuitively scheduled for April 20, the elections are “slightly” delayed, according to the government.
"The government will proceed with a slight adjustment of the schedule for the legislative and regional elections originally scheduled for April 20, 2024," the authorities said after a meeting between...
Togo plans to raise CFA195 billion on the WAEMU market this quarter to fund its budget.
In detail, the Togolese treasury scheduled a dual issue for April 12: an issue of fungible treasury bills (BAT) and an issue of fungible treasury bonds (OAT). The former securities mature over three months and the latter over five years. Togo hopes to raise CFA30 billion through the operations, and...
The Mother and Child Hospital in Bè (south suburb of Lomé) should soon be completed. The Togolese Minister and secretary-general of the Government, Sandra Ablamba Johnson, visited the site last weekend, taking stock of the work’s progress.
According to district chief, Mawuko Déla Aklassou, the works are 95% complete. They should be finished before the set deadline, according to Yawo Agbessi...
Togo produced around 64,000 tons of ginger per year on average in the past few years. According to the Ministry of Agriculture which disclosed the figure, most of the output comes from the Plateaux and Centrale regions, with an average yield of 10 to 20 tons per hectare of fresh rhizomes. In total, nearly 10,000 agricultural households are involved in its cultivation, mainly in these two regions...
The people of Agou and Blitta (respectively 66km and 266km away from Lome) recently welcomed new drinking water facilities. The facilities, which fall under the government’s water supply system reinforcement and extension project, were handed over last weekend by the Minister responsible for village hydraulics, Damehame Yark.
In Agou, specifically in Gadzepe, the infrastructure consists of...
Togo’s poultry output reached 35.7 million heads in 2023. The figure was disclosed in the recently released Citizen's Budget of the Ministry of Economy and Finance.
Year on year, the figure is up by 8%. Indeed, in 2022, the country produced 33.12 million heads.
The Plateaux region mainly contributed to the increase, with a production of 12 million heads last year (35% of the total). The...
The Support Fund for Youth-led Businesses of Togo (FAIEJ) claims to have created 26,309 sustainable jobs from its launch in 2012 to the end of March 2024. Over the same period, the Fund said it loaned out CFA8.63 billion.
The Fund further noted that it financed over 6,000 projects and trained nearly 36,000 people (35,822). Also, it claims to have sensitized around 140,000 young people and...
The Ministry of Agriculture and Livestock recently launched an agricultural mechanization program, in partnership with the Moroccan Office Cherifien des Phosphates (OCP Africa).
Overall, 120 participants will take part in the program. They will be equipped with skills and tools to help them be more productive and earn more.
The participants will be divided into two groups. One group will...
A new initiative to support SMEs was launched in Togo on March 30, 2024. Known as the Togo Business Angels Network (TOGOBAN), the initiative was launched by Rose Kayi-Mivedor, Minister of Trade and Local Consumption.
The project aims to provide business owners with funding, and training to grow their projects.
Togoban is the local branch of the African Business Angels Network...