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Lomé was Africa’s 25th most attractive city for expatriates in 2023. The Togolese capital also ranked 5th in West Africa (against 6th in 2020) in Mercer’s Quality of Living City Ranking 2023.
The ranking is based on 40 criteria grouped into 10 categories. The criteria include the political and social environment, the economic environment, the socio-cultural context, medical and health...
The World Food Program (WFP) has already raised CFA9 billion out of the CFA10 billion that Togo needs for its 2022-2026 food resilience strategy. This was disclosed last Tuesday by the WFP’s representative, Aboubacar Koisha. Koisha met Prime Minister Victoire Tomegah-Dogbe that day.
Under its food resilience strategy, Lomé aims to support around 260,000 people facing food insecurity...
Robert Dussey represented Togo at the Italy-Africa Summit held in Rome on January 28 and 29. The Togolese Minister of Foreign Affairs attended the forum alongside several heads of state, government leaders, and senior executives from international institutions. The summit’s goal was to bolster cooperation between Italy and Africa.
During the event, the Italian side presented its strategic...
Togo plans to spend CFA84 billion on road development projects this year. This is 98% of the forecast budget of the Ministry of Public Works (MTP), i.e. 85 billion FCFA, under the 2024 finance bill.
The country will use part of the money to asphalt 180 km of roads, according to the Ministry of Public Works. Another part will serve to develop and asphalt around 206 km of roads. According to the...
At the launch of the Togo Bar Association, held last week, the Minister of Justice of Togo, Mipamb Nahm-Tchougli, met with the country’s lawyers. The official, on the occasion, urged the lawyers to play their part in attracting investors.
According to Mipamb Nahm-Tchougli, justice is one of the fundamental pillars of a country's economic development. He argues “that an investor or...
Togo successfully carried out its first two issues on the regional money market, the WAEMU Securities Stock. The country just launched its third issue with a target of CFA30 billion. The operation closes next Friday, February 2.
The issue is a dual issue of fungible treasury bills and bonds (BATs and OATs in French).
The first securities, the BATs have a par value of CFA1 million....
Togo plans to spend CFA13 billion this year on food security and resilience projects. The forecast, the same as in 2023, equals 25% of the budget allocated to the Ministry of Agriculture for 2024–CFA52 billion.
In detail, Lomé will pump the money into projects that fight hunger, bolster food security, improve nutrition, and foster sustainable farming. These projects fall under the...
Dutch group Van Vliet Automotive has moved its Togolese subsidiary to the Industrial Platform of Adetikope. The company will sell and maintain its vehicles from there.
The subsidiary, Van Vliet Automotive Togo, occupies 9,000 m². It sells, maintains, and repairs MAN and Volkswagen trucks, buses, tractors, and semi-trailers. It also sells original spare parts and accessories.
Van...
Togo will spend CFA2 billion this year to revamp its tourism industry. That is around 58% of the annual budget of the Ministry of Tourism.
One of the key projects in which the money will be invested is a digital platform for hotel booking and big events. The Ministry of Tourism steers the project with the Ministry of Digital Economy. The project is set for completion this year.
Part of...
The European Union (EU) will support Togo’s budget with a CFA13.44 billion financing. This will add to another CFA10 billion recently disbursed to back the country’s 2023 budget.
In a statement dated January 22, 2024, the EU noted that the funds will support reforms set under the Togo 2025 Roadmap–especially reforms that foster decentralization, sustainable agribusiness, and access...
Lomé will host the first ECOWAS Investment Forum (EIF) on April 4 and 5. The forum will be organized by the ECOWAS Bank for Investment and Development (EBID). Its theme is "Transforming ECOWAS communities in a challenging environment."
According to Ecofin Agency, the inauguration ceremony for the forum was held online on January 24. Key participants included the Togolese Minister of Economy,...
Togo will invest CFA2 billion in fishing and aquaculture this year. That is almost 70% of the CFA3.1 billion budget allocated to the Ministry of Maritime Economy.
Part of the CFA2 billion will fund the Togo Aquaculture Development Project launched in 2022.
Another part will fund projects to boost the country’s fish production, focusing on providing jobs to graduates of local...
A delegation of Turkish investors met Togo’s Minister of Investment Promotion, Manuela Santos, on January 17. They were led by the Turkish Ambassador to Togo, Muteber Kiliç.
During the meeting, the Togolese side presented key projects falling under the country’s 2025 roadmap, with a focus on the following sectors: energy, agriculture, and manufacturing. The goal was to spark the Turkish...
Togo stopped importing frozen poultry, temporarily. According to the Ministry of Agriculture and Livestock, this is to help local producers sell their products as they "are having trouble disposing of stocks of locally produced poultry meat". The ministry noted that more than 70 tons of poultry currency sit idle in the cold rooms of poultry abattoirs.
In a notice dated January 22, 2024, Minister...
President Faure Gnassingbé was in Cinkassé, in the Savanes region, last Sunday, January 21. In a speech to the region’s soldiers, the Togolese leader promised to do everything to protect the people of the northern region against the rising terrorist threat.
"If Mandouri is not at peace, Togo is not at peace. If Cinkassé is not at peace, Togo is not at peace. We will do...
The National Inclusive Finance Fund of Togo (FNFI) wants to leverage biometric identification to track bad loan payers better. The Fund unveiled this ambition last Saturday, in a meeting with its partners and the press, in Lomé.
"With the biometric customer identification system, we will now have a reliable database," said Assih Mazamesso, Minister of Financial Inclusion and Organization...