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Promoting women's financial inclusion benefits their communities, says Togo's Minister for Financial Inclusion and the Informal Sector, Mazamesso Assih. In a recently published op-ed titled "Women's financial literacy benefits all," the official advocates for women's financial education in Africa.
"In theory, African women can start a business. But in practice, they are not as well equipped to...
The Lomé-based pan-African banking group Oragroup has secured €15 million from Eco.business, a European fund. According to a joint statement that the two parties issued on Feb 24, 2022, the loan will help finance sub-Saharan African (SSA) agribusinesses that have voluntary sustainability certifications.
“This investment will promote sustainable production and consumption practices...
The Togolese startup SEMOA will deploy all of its available services, including WhatsApp Banking, for Orabank’s subsidiaries in the country.
The two parties signed the related agreement on March 1, 2022. The document was initialed by Ferdinand Ngon Kemoum, MD Orabank Group, and Edem Adjamagbo, founder of SEMOA.
“Through this partnership, our Group continues to digitize its offer and allow...
The Autonomous District of Greater Lomé (DAGL) launched, on March 1, 2022, the Social and Economic Infrastructure Census Project (PRISE), a campaign during which infrastructure such as schools, lighting networks, health centers, water towers, and rural roads in Greater Lomé will be identified and counted to provide the district with a map.
The project initiated by the government for the...
Togo will take a census of its citizens in the Diaspora, starting on March 8. This was disclosed by the country’s minister of foreign affairs and the diaspora, Robert Dussey.
This is the first time that Togo will conduct such an operation. The announcement comes three years after the government created the High Council of Togolese Abroad (HTCE), a body that is meant to act as the voice...
The African Development Bank (AfDB) will provide Togo with €14.1 million (a little more than CFA9 billion) to help it implement its five-year roadmap faster. Wilfrid Abiola, who represents the institution in Togo, and Sani Yaya, the minister of economy and finance, signed two agreements in this framework on February 28, 2022.
Most of the funds, €13 million, will, according to...
Russia was Togo’s largest wheat and meslin supplier in 2020. According to data from the World Trade Organization (WTO), based on data from the Direction Générale de la Statistique et de la Comptabilité Nationale (DGSCN), and confirmed by the United Nations (UN), the Russian Federation sold nearly $12 million worth of the commodity to the African nation.
In terms of volume, the...
The International Finance Corporation (IFC), the private sector arm of the World Bank, has appointed Kyle Kelhofer as senior regional representative for Togo and four other countries in the sub-region (Benin, Ghana, Liberia, and Sierra Leone). He succeeds Nigerian Ronke-Amoni Ogunsulire in this position and will be based in Accra. The information was made public by the Bretton Woods institution,...
Laurent Coami Tamegnon is again the President of Togo’s Council of Employers (CNP-Togo). He was re-elected for a second five-year term last Thursday.
Over the next five years, he intends to unearth the headquarters of the Federation of Employers' Organizations of West Africa (FOPAO), which Togo is a member of. He hopes to do so with the help of all other eight members recently elected to...
Covid-19 has been an unparalleled health and socio-economic challenge for Togo. The claim was made last week by Sandra Ablamba Johnson, Minister, Secretary-General of the Togolese Presidency.
According to Faure Gnassingbé's collaborator, the health crisis has prompted Togolese authorities to design and develop new social policies to boost social protection and the resilience of economic...
Last year, 29.6 million tons of goods transited through the Port of Lomé, up 14% compared to 2020. The increase is mainly attributable to a new record of container traffic. The infrastructure processed 1.9 million TEUs in 2021, against 1.7 million TEUs in 2020 when this volume was also up despite the Covid-19 outbreak. The performance, attributed to a rebound in ship arrivals, pushed the Port of...
The PIA, an agro-industrial park, promotes the local processing of raw produce like cotton, cashew nuts, soybeans, coffee, and cocoa which are exported by Togo.
Some of the projects already launched at the platform include TOGO Clothing Company, M Auto Electric Mobility, Togo Agro-Ressources SAU - which makes soy-based cooking oil, and Togo Wood Industries SARL.
It should be noted that...
Laurent Tamegnon, the head of Togo’s Council of Employers, met with representatives of the Institut de Formation en Alternance pour le Développment of Lomé last Wednesday. At the meeting, the council and the Institut (which specializes in construction) announced a partnership that will contribute to the emergence of Togolese professionals with real work experience.
The Institut or IFAD...
The Decentralization and Local Governance Program (ProDeGoL) came to an end on January 31, 2022. A ceremony was held last Tuesday to mark the completion of the project which is financed by the EU and Germany. On the occasion, the Togolese ministry of territorial administration and decentralization received some equipment and vehicles.
The equipment and vehicles - six 4x4 cars, three...
After completing its first 15-year bond issue in November 2021, the very first on the regional financial market, Togo will carry out a similar issue again on March 4, 2022. The operation should allow the Treasury to secure CFA30 billion.
In detail, Lomé will issue three million securities with a nominal value of CFA10,000 CFA, at a rate of 6% per year. Interest payment will begin next year...
The United Nations Development Programme (UNDP) office in Togo provided CFA146 million in grants to nine civil society organizations (CSOs) on February 22, 2022. The related agreement was initialed by UNDP’s representative, Aliou Mamadou Dia.
With the money, the CSOs will develop community projects that focus on natural resource management and environmental protection. In detail, each of them...