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Jeremy Awori is soon to become the new CEO of Ecobank Transnational Incorporated (ETI), the Lomé-based pan-African banking group.
The Kenyan was picked to replace Nigerian Ade Ayeyemi, according to a statement issued on September 12, 2022. Ayeyemi is retiring after heading the group for 7 years.
Awori has a 25-year career in banking, out of which he spent almost10 years as Managing...
The 62nd annual meeting of the Inter-African Coffee Organization (IACO) will be held from 14 to 18 November 2022 in Lomé. This was announced on September 8, 2022, by the Togolese Minister of Trade, Kodjo Adédzé, current chairman of the steering committee of the institution.
During the upcoming meeting, participants will discuss issues related to quantity, quality, and certification in the...
Sunu Bank Togo recently secured Payment Card Industry Data Security Standard (PCI DSS) certification. The document was presented to the public last Friday, September 9.
The bank’s CEO, Myriam Adotevi, and other top executives were present. Also present was Ali El Azzouzi, General Manager of Dataprotect, the information security firm that helped Sunu Bank Togo secure the...
The United Nations Office of Counter-Terrorism (UNOCT) will help Togo better fight cross-border terrorism. The two parties inked a memorandum of understanding (MoU) in this framework last Thursday, September 8, 2022.
The UN Office will set up a multi-agency unit in the country to collect data on travelers. The facility will allow Togolese authorities to prevent terrorists from passing through...
China removes customs duties on 98% of the products it imports from Togo and eight other African countries. The measure, which is effective since September 1, 2022, is part of the new tariff policy that China announced last month.
According to Ecofin Agency, which quoted Chinese customs services, the eight other countries are the Central African Republic, Chad, Djibouti, Eritrea, Guinea,...
The Togolese Employers’ Association (CNP-Togo) and the UN System will boost their partnership to better support the local private sector. The two signed an agreement to this end on Wednesday, Sept. 7.
Laurent Coami Tamegnon, who chairs the CNP-Togo, and Aliou Mamadou Dia, representative of the UNDP and acting resident coordinator of the UN, were both present when the document was signed.
The...
African designers have until September 30, 2022, to apply in the logo-design contest that was just launched for the upcoming African Cyber Security Coordination and Research Center (ACCRC). The deadline was disclosed by Togo, where the facility will be, and the Economic Commission for Africa (UNECA).
Applicants, according to the two partners’ statement, “should be aged between 18 and 35,...
Togolese authorities extended the state of emergency in the Savannah region last Tuesday, Sept 6. Initially declared on June 13, for 3 months, the state of emergency has been extended for another six months.
The measure was declared in response to jihadist threats in the north of the country. It is intended to allow the government to freely carry out its mission: protecting the people and...
In line with its goal to cut greenhouse gas emissions, Togo launched on Sept 5 the "Transition to Electric Mobility" project. The latter will be deployed over the next four years, thanks to an CFA800 million fund from the Global Environment Facility (GEF).
In detail, the project will involve setting up an integrated, sustainable, and low-emission transport system, and converting vehicles that...
The Peace and Security Council (PSC) of the African Union (AU) began Amnesty Month in Africa (AMA) on Monday 5 September 2022 in Lomé. At this edition, which is part of the "Silencing the Guns in Africa" initiative, experts from the Council Member States will federate their efforts to end the circulation of small arms in Africa by 2030.
Specifically, the initiative aims to sensitize and...
Togo produced 929,000 metric tons of corn in 2021. The Central Bank of West African States (BCEAO) disclosed the estimate in its 2021 annual report.
According to the apex bank, last year’s output exceeds 2020’s by 4.5%. That year, the report notes, the country’s corn output stood at 885,000 Mt, against 912,000 Mt in 2019. In 2020, let’s recall, Togo had just been hit by...
From January to August 2022, Togo paid back CFA264 billion of the money it borrowed from the WAEMU securities market.
This amount, according to the data obtained by Togo First, breaks down into 27.5 billion fungible treasury bills and 263.3 billion fungible treasury bonds.
Lomé should pay another CFA19 billion this month.
So far in 2022, Togo has borrowed CFA407 billion on the...
Lomé will host, this week, a key meeting organized by the Economic Community of West African States (ECOWAS). Scheduled for September 6 and 7, the meeting will gather experts from the region’s member States who will review the project to create the ECOWAS Education Agency.
The meeting will focus on the validation of the feasibility study report on this agency. According to a press...
As part of its ongoing biometric ID project, the Togolese government wants to regulate the related data processing and updating. Last Wednesday, Aug 31, the council of ministers examined a draft decree on the modalities of registration, rectification, and updating of demographic and biometric data of individuals and conditions for using the unique ID number in the country.
"This decree defines...
Besides being the bank that provides most loans and gets most deposits in Togo, Orabank has the most clients. In 2021, the lender reported having 327,230 accounts, coming ahead of Ecobank with its 257,274 accounts.
Regarding the year-to-year evolution of the customer base, Orabank was second last year with a 33% increase compared to 2020. It was behind Coris Bank but ahead of BSIC (+14%),...
In the first quarter of this year, the Togolese State mobilized CFA369 billion to finance its expenditures. This is 20.79% of its forecast for 2022. The figure was disclosed in a report recently issued by the ministry of finance, entitled "State Budget Execution Report, Fiscal Year 2022 - End of March."
In detail, the country, between January and March, financed its budget with CFA183 billion...