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The Economic Community of West African States (ECOWAS) picked President Faure Gnassingbé to mediate talks with the new government in Niger. Gnassingbé was appointed at the 64th ordinary session of the ECOWAS.
As a mediator, the Togolese leader will help resolve the various issues that arose following the Coup that happened in Niger on July 26, 2023. The presidents of Benin and Sierra Leone...
The International Monetary Fund (IMF) will provide Togo with a 42-month financing of $390 million under a new extended credit facility program (ECF).
According to the IMF, the deal, recently signed by the two parties, aims to help Togo meet its urgent spending needs while fostering economic stability and social inclusion.
The agreement was signed after an IMF team visited...
In Togo, the government recently provided rural women with CFA100 million of farming equipment. The first donation took place last Thursday, Dec. 7, in Lomé. The Minister of Social Action carried out the symbolic handover.
In detail, the equipment includes tricycles, egg incubators, motorized condiment mills, palm kernel crushers, and soybean threshers. Overall, 78 cooperatives and...
Togo added Mali to its list of free-roaming partners last week. The deal was signed on December 9 by the two countries’ telecom regulators.
Under the free-roaming agreement, cell phone users traveling in both countries can receive no-cost calls in the first 30 days of their stay. Furthermore, the per-minute cost of local calls and call back to home stand at CFA79 and CFA150,...
Lomé-based Ecobank Transnational Incorporated (ETI) secured last week a $200 million loan for sustainable development. The Pan African group signed the deal with a European consortium led by Proparco, and including Norfund, DEG, FMO, and EFP.
The agreement was signed in Dubai, on the sidelines of the COP28. It is the Ecobank’s first sustainable development loan.
"The signing...
Ecobank is, again, the Bank of the Year in Togo. The lender won the title for the fourth consecutive year, at the Banker Magazine’s Bank of the Year Awards for 2023 which was hosted in London, UK, on November 30.
The lender welcomed the title as proof of its commitment to excellence, reflected through its ability to generate returns, gain strategic advantage, and serve the Togolese...
The Togolese Minister for Investment Promotion, Manuella Santos, was in Vienna, Austria, last week. She met with Gerd Müller, Director General UNIDO. Together, they explored ways to reinforce the collaboration between the West African country and the UN’s organization for industrial development.
The meeting took place on the sidelines of the 20th session of the Organization's General...
Togo recorded more than 7,000 new cancer cases last year. The Ministry of Health unveiled the figure on December 5, 2023, while presenting its cancer register, a tool that should help the country better manage cancer.
On the same day, the ministry launched in Lomé various awareness campaigns on the registration of cancer cases.
"Given the burden that cancer currently represents, it...
The Finance Committee of Togo’s National Assembly is reviewing the country’s finance bill for 2024. Kicked off on December 6, the review will last a few days.
In detail, the Finance Committee is assessing the government’s financial projections to make sure they align with efforts to develop the social, environmental, political, educational, and economic sectors, for the people’s...
Togo could sign the agreement to launch the Millennium Challenge Corporation (MCC) Compact Program next year. This was disclosed by Kyeh Kim, MCC's Vice President for Operations, in a recent meeting with Togolese Prime Minister Victoire Tomegah Dogbe.
"Our partnership with Togo is excellent, and the team working here is on schedule. Togo is truly a model for other countries in the...
Lomé is hosting the 24th ordinary session of the General Assembly of the UEMOA Regional Consular Chamber, a consultative body that ensures dialogue between UEMOA and the community’s major businesspeople. The meeting began on December 5 and will end on December 7.
Some of the meeting’s goals include taking stock of the implementation of the recommendations of the last Assembly,...
The 9th Pan-African Congress will take place in Lomé, Togo, from October 22 to October 25. The schedule was disclosed yesterday, December 5, in Pretoria, SA, by Togo’s Minister of Foreign Affairs, Robert Dussey.
The congress will bring together Africans from the continent, the diaspora, and Afro-descendants around the theme of the renewal of pan-Africanism and Africa's place in global...
French Group Meridiam will build a 64 MWp photovoltaic solar plant in Sokodé, central Togo. The group sealed the deal with the Togolese government and EDF, on Dec. 4 in Dubai.
Under the agreement, Meridiam will fund, design, build, and operate the plant for 25 years.
During the #COP28, #Meridiam, the Rep. of #Togo and @EDF have recently signed a concession agreement for the...
The Golfe 5 municipality of Togo adopted its budget for 2024 yesterday, December 5. The municipality, located in Greater Lomé, plans to spend a little over a billion CFA next year–CFA776 million for operations and CFA317 million for investments.
With the budget, which is provisional, the municipality intends to build and equip basic socio-collective and educational infrastructures,...
Three Togolese municipalities inked a parametric insurance agreement with AXA Climate, a subsidiary of Howden, the London-based broker. The three municipalities are Golfe 1, Golfe 7, and Kloto 1. Sealed in Dubai, on Dec. 4, on the sidelines of the COP28 summit, the deal will be implemented by AXA Climate and PADIE, a Togolese NGO that is committed to environment-friendly integrated...
Pan-African airline Asky expects its passenger traffic to reach 1,120,000 by the end of the year. Daté Tevi-Benissan Martial, acting commercial director of the Lomé-based carrier, disclosed the forecast to the Togolese press last week. According to the executive, the figure was standing at 1,000,300 on November 26, 2023, from the beginning of the year.
The company currently serves 26...