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Togo is exploring ways to develop a whole value chain of cotton by-products. The country, which mainly grows the crop for export is carrying out a feasibility study for this project and key players have been working on its validation since February 15, 2022, in Lomé.
The stakeholders concerned include the Nouvelle Société Cotonnière du Togo (NSCT)), the FAO, the United Nations...
The West African Development Bank (BOAD), has completed the first stage of its capital increase, raising CFA837 billion, with the support of its main shareholders (regional and non-regional).
“I am pleased to announce that BOAD has completed the first stage of its capital increase for an amount representing more than half of its target of USD 1.5 billion. I would like to thank our shareholders...
In Togo, the Société des Transports de Lomé (SOTRAL) will expand its car fleet via a government-backed project worth more than CFA15 billion.
Announced by the ministry of transport, the project will enable SOTRAL to get new buses, MAN buses notably, a few months from now.
This project aligns with the fifth axis of the government roadmap, which aims to “make Togo a logistics and...
In Togo, the collection of road user fees at the "PK17" site on National Road No. 5 (Lomé-Kpalimé) has been temporarily suspended due to ongoing work on the axis. This was stated in a press release issued by the ministry of public works on February 14, 2022.
The public authority explains that "due to rehabilitation and asphalting works on the Lomé-Kpalimé road and the construction of the...
Due to the recent shortage in cement supply that Togo faces, in its northern region especially, price speculation is becoming recurrent. To tackle this issue, the government decided to “regulate cement export,” according to the minister of trade, Adédzé Kodjo recently.
The official, during a field visit to Dapaong (620 km north of Lomé) last week, argued that "it doesn’t make sense that...
Togo is one of the four non-fragile countries where the quality of public policies and national institutions improved in 2020. This is according to the World Bank’s latest Country Policy and Institutional Assessment for Africa (CPIA) report covering the period from January to December 2020.
Indeed, "the non-fragile countries that recorded an increase in their overall score are Côte d'Ivoire,...
Sanlam Insurance opened three new branches in Lomé last Thursday. The new offices are located in Kégué-Zogbédji, Agoè-Démakpoè, and Djidjolé-Totsi.
According to Sanlam’s country manager, opening the new offices is part of the company’s “proximity policy” which aims at enabling the population to access its products and services (automobile, fire accidents, miscellaneous risks,...
New commitments from U.S. agencies rebounded in 2021, reaching their highest in two decades, according to ForeignAssistance.gov, the State Department platform that compiles data on U.S. foreign assistance. This record follows a drop in 2020, amid tensions between Lomé and Washington following the presidential election in Togo.
As of April 2, 2021, the date of the last update of foreign aid...
The European investment fund, Investors and Partners (I&P), will help Lomé Business School (LBS) create an e-learning platform. The financial support, I&P’s first in a private business in Togo, was announced by the fund last week, via a statement.
Under the partnership, LBS will also get equipment and be supported in implementing an educational engineering process...
The 8th edition of the WAEMU Banks and SMEs Fair (SBPME-UEMOA) will be held in the Togolese capital, next November. The information comes from Hermann Naglo, Permanent Secretary of the show, who communicated on this event at the end of a meeting with the President of the Special Delegation of the Chamber of Commerce and Industry of Togo (CCIT), Nathalie Bitho.
During this meeting in Lomé,...
Next April, Lomé will host a high-level conference on political transitions and the fight against terrorism in the Sahel and West Africa. This was disclosed by the Ministry of Foreign Affairs which is behind the project. The related press release further notes that Robert Dussey, the Togolese Minister of Foreign Affairs, presented the project to Antonio Gutierrez, the UN Secretary-General, on...
The government of Togo will spend CFA5 billion on exceptional bonuses for teachers, covering the period from January 2021 to December 31, 2025. The news was announced via a press release issued on Feb 9, 2022, after a meeting between education stakeholders and Togolese officials.
A large portion of the funds will be provided to public teachers as annual allowances, not "indexable" over the...
Last Tuesday, Feb 8, the minister of health and the minister of universal access to health care, Moustafa Mijiyawa, and Agba-Assih Mamessilé, were in northern Togo to visit some health infrastructure under construction.
Notably, the two Togolese officials were in Kara to evaluate construction works for the Center for Medical Specialties (CMS) and the Center for Infectious Diseases (CID), and in...
"Faced with new issues and challenges, it is important to update the national policy for the development of Togolese trade to make Togolese companies more competitive on the international market, in a context where, as we all know, Covid hinders imports and exports," said Dr. Ayira Korem, an economist and researcher at the University of Lomé, in charge of the project. "So it is essential to...
Due to a lack of plants to process the crop, Togo massively exports its cotton output, to Southeast Asia mostly.
Cotton is Togo’s primary source of foreign currency. In 2020 and 2019, the country raked in $64 million (about 36 billion CFA francs) and $98 million, respectively, from its white gold exports. These figures were obtained from the UN Comtrade database, an...
The physical and financial rates of completion of reforms that the Togolese Ministry of Economy and Finance initiated in recent years are 80.02% and 67.8%, respectively.
The figures were disclosed during a recent videoconference on the National Review of Reforms underway in ministerial departments and state institutions through to the end of December 2021.
During the meeting,...