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The United Nations Development Program (UNDP) granted $141,000 (about CFA95 million) to six Togolese civil society organizations (CSOs) invested in environmental protection. The related agreement was signed last Thursday, in Lomé.
The six CSOs will use the money to launch environmental and natural resource management projects across Togo. The projects, which will be carried out over a...
In line with efforts to tackle corruption, Togo recently adopted a five-year strategic plan. Drawn up by the High Authority for the Prevention and Fight against Corruption and Related Offences (HAPLUCIA), the plan was presented on October 13, 2022, in Lomé to the country's various socio-economic actors and technical and financial partners.
The new strategy has three major axes. The first aims...
President Gnassingbé met with David Malpass, president of the World Bank, last Wednesday in Washington. The Togolese leader was with several members of his government.
Among others, the talks focused on Togo’s development priorities, such as economic growth, economic diversification, cash transfers to help the poor, business climate and its improvement, and digitalization. Emphasis was...
Traffic at the port of Lomé slumped by 6% over the first six months of this year, according to official sources.
Though Togolese authorities did not explain the decline, it could be due to higher freight costs worldwide, pushed by inflation, the Ukrainian war, plus the disruption of production tools and logistics chains. Indeed, these various factors caused economic operators to postpone...
Togolese President Faure Gnassingbé met with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on October 12, 2022, in Washington, D.C. The meeting took place on the sidelines of the Annual Meetings of the Bretton Woods financial institutions.
According to the Togolese presidency, the two personalities discussed the financing of development actions,...
The Togolese government scaled how much it wants to raise on the regional money market this year. Initially, Lomé was looking to get CFA533 billion from this market but it has now set sight on CFA663 billion, which is CFA130 billion or 24% more.
The revision aims to cover the government’s new budget expenses. Indeed, the budget, which now stands at CFA1,872 billion, is up by 5.4%...
The 48 new representatives of the High Commission for Togolese Abroad (HCTA) are now known. The HCTA’s electoral commission revealed their names yesterday, October 12, in Lomé.
The new representatives will take office in December 2022 for a three-year term ending in 2025. Throughout the period, they will take steps that will boost the diaspora’s contribution to Togo’s...
Yesterday, in Kpalimé, the UNDP and the Sheyi Emmanuel Adebayor Foundation (SEA) signed a partnership to ensure socio-professional incubation and insertion of youth into agribusiness.
Collaborating with Tové’s agricultural training institute (INFA), the two partners will provide theoretical and practical support to the youth, and help them draw their business projects in the fishing...
Togo is a go-to source for other ECOWAS countries, when it comes to beauty products: lipsticks, mascara, wigs, beards, eyebrows, locks, etc. Every month, hundreds of traders flock to Lomé (Togo’s capital) to stock up on these products.
According to the National Institute of Statistics and Economic and Demographic Studies (INSEED), beauty products make up 10% of Togo's exports, with an...
In the previous quarter, 3,450 new businesses were registered at the Center for Business Formalities of Togo (CFE). This is 1.3% lower than the figure reported by the CFE last year, over the same period: 3,495.
In detail, out of the 3,450 businesses registered in Q3 2022, 2,897 were registered by Togolese and the rest by foreigners. Relative to the men-to-women ratio, 2,508 businesses were...
In Togo, Orabank’s clients can now access banking services via WhatsApp. The lender launched the service yesterday, October 10, 2022. This is the fruit of an agreement signed last March, by the Oragroup and Semoa, the Lomé-based startup behind the technology.
In detail, the bank’s clients can now check their balance and request a statement, on WhatsApp. They can also transfer cash to...
M Auto, a firm that makes and sells electric bikes, wants to help Togo transition to electric mobility. The company said so in a statement dated October 11, 2022, relayed by the Ecofin Agency.
"M Auto wants to help drastically reduce greenhouse gas emissions and promote a more virtuous mobility in Togo," the company wrote. M Auto claims to have sold and put into circulation 2,000 of its electric...
Ahead of the fifth general people and housing census (RPGH-5), scheduled for this month, 74,629 “basic socio-collective infrastructures” have been geolocalized across the country. Related works took place between July 2021 and April 2022.
The figures concern schools, health centers, banks, shops, water and sanitation facilities, and leisure and culture spaces. They were disclosed by the...
Last Friday, Oct. 7, Togo was picked to head the International Coffee Organization (ICO) in 2023. The Togolese Enselme Gouthon was elected, unanimously, as Vice President of the ICO. The election took place during the 134th session of the Council, in Bogota, Columbia.
Togo will take the place of Italy whose term will end in September 2023.
Les membres du conseil international du café (OIC)...
Togo exported CFA153.7 billion worth of goods in Q1 2022, up 9.4% YoY.
Burkina Faso was its biggest buyer over the period. It grabbed 17% of all Togolese exports in the first quarter of this year, according to the latest figures released by the National Institute of Statistics and Economic and Demographic Studies (INSEED).
Despite the military-political crisis it experienced...
Thanks to various measures, the Togolese economy has been resilient to ongoing global crises. Sani Yaya, the country’s minister of economy and finance, said so at the opening of the session of the National Credit Council (CNC) which he chaired on October 6, 2022, in Lomé.
According to Yaya, Togo’s public debt has been kept under control, at 61% between the end of 2021 and the middle of...