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Togolese travelers no longer need to present a vaccination pass or a negative Covid-19 test before crossing the border into neighboring Benin. This follows a relaxation of control measures announced by Cotonou yesterday, Wednesday, June 15, 2022, at the end of a Council of Ministers.
"As of Thursday, June 16, 2022, at midnight, entry into Benin, both through the land, air, and sea borders,...
The Lomé-based pan-African banking group Ecobank and Mastercard want to support African farmers via the digitalization of agricultural value chains. The two parties sealed a deal to this end this week, according to a statement issued on June 14, 2022.
The deal aims at making it easier for small farmers in sub-Saharan Africa to access Farm Pass, a Mastercard e-commerce platform for...
Orabank is preparing to roll out new features on its multi-service digital banking platform ‘Keaz’ which it launched three years ago.
The new functionalities, currently being tested internally, should, according to the lender, include, among others, transfers to prepaid cards, the delegation of authority, scheduling of payments, generation of "payment tokens", and the possibility for...
The West Africa Food System Resilience Program (FSRP) was officially launched on June 15, 2022. This program, which was announced last November, is supported by the World Bank in Togo and six other countries in West and Central Africa (Burkina Faso, Ghana, Mali, Niger, Sierra Leone, and Chad).
It is a multisectoral initiative with a budget of $716 million whose goal is to “reduce the...
A Togolese delegation was in Washington last week, from June 6 to 10, to report the country’s progress in the Threshold Program to the top management of the Millennium Challenge Corporation (MCC). This program is funded by the U.S. Department of State.
The West African delegation included Cina Lawson, Minister of Digital Economy and Digital Transformation, Christian Trimua, Minister of Human...
The WAEMU’s commissioner, Paul Koffi Koffi, was in Lomé on June 10 to discuss a program covering Togo’s Private Sector and the Union’s Department for Business Development, Mining, Energy, and the Digital Economy. On that day, he met with Nathalie Bitho, President of the Special Consular Delegation of the Chamber of Commerce of Togo (CCI-Togo).
The talks focused on the evolution of...
The Board of Directors of the Banque Ouest Africaine de Développement or BOAD (West African Development Bank) announced on 14 June 2022, at the end of its 131st ordinary session, that it had approved a CFA28 billion loan to Togo. The money will be used to build and asphalt the Aléhéridé-Kpaza-Tchamberi road (North-Togo) as part of a wider road and bridge construction project that covers the...
The Banque Ouest Africaine de Développement or BOAD will spend CFA25 billion on the construction of a solar PV plant in Kpalassi, near Awandjelo in the Kara region of Togo. The Bank approved the financing yesterday, June 14, during a board meeting.
This is the first of two major new renewable energy projects that the IFC backs through its Scaling Solar initiative; an initiative that Togo...
After months of being plagued by Jihadists, a state of security emergency has been declared in Togo’s Savanes region. The Council of Ministers made this decision on June 13, after examining and passing a draft decree to this effect.
According to the government, the move aims to "create an environment and conditions that are conducive to the administrative and operational measures...
Gozem announced yesterday, June 13, that it has sealed a $10 million (CFA6 billion) financing deal with the International Finance Corporation (IFC). The Uber-like startup said it would use the funds to help 6,000 taxi-bike riders, in Benin and Togo, get new vehicles and increase their earnings.
According to Gozem’s cofounder, Grégory Costamagna, IFC’s financing will help overcome...
As part of its Economic Governance Support Project (PAGE), Togo will draw a tax revenue forecasting model and assess the impact of tax measures on its economy. To this end, Togolese authorities recently launched a bid to recruit a consultant to perform this task.
The bid, which Togo Presse (a local newspaper) published, states that consultants have until 22 June 2022 to submit their...
As everything points to a bad harvest for the ongoing farming season, the Togolese Ministry of agriculture met with actors in the sector last Saturday, June 11. They explored steps to take to improve yields.
Some of the signs showing that Togo’s agricultural output will be low this year include the effects of climate change, such as weather variation and phenomena–flooding and...
Togo secured CFA25 billion on the regional money market last Friday, through a recovery bond issue. Each bond has a nominal value of CFA10,000, a fixed interest rate of 5.3%, and will mature over 36 months.
According to the Umoa-titres agency, regional investors mobilized 77 billion CFA, or 308.86% of the amount initially sought.
So far into 2022, Togo has secured CFA288 billion on the...
In a bid to tackle climate issues, Togo plans to set up Smart Cities. The government launched a project to this end on June 9, 2022.
In detail, a dozen municipalities will be supported in drawing a strategy for setting up these smart cities, and for preparing an action plan to mitigate and adapt to climate change, in line with municipal development plans (PDC).
The project, which was launched...
WAEMU countries have been dealing with a surge in inflation in recent months and according to recent figures released by the Union’s Central Bank, BCEAO, things are not getting any better. In a report issued on May 31, the institution wrote that the inflation rate in the region rose to 6.8% in April 2022, from 6.6% and 6.1% in March and February, respectively.
Food, Accommodation, and...
Organized by the Global Shea Alliance, the Shea Conference 2022 took place in Lomé on June 6-8, 2022. The theme picked for this year was “Growing the future: strengthening resilience and restoration.”
During the event, Elisabeth Pali-Tchalla, who oversees the shea industry in Togo, highlighted the importance of supporting the sector to empower women in the country.
“Looking at the...