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Over the 2009-2019 period, Togo’s phosphate exports to its WAEMU neighbors generated a little more than CFA562 billion. This is revealed in the 2019 WAEMU report on foreign trade published by the Central Bank of West African States (BCEAO).
In terms of volume, the exports which fluctuated over the period were estimated to have exceeded six million tons. And while exports (by volume)...
Since Sept. 10, 2020, the Togolese Fintech Semoa has made it possible for Ecobank customers to transfer money from the lender’s mobile App to their Tmoney e-wallet (owned by Togocom). This is done via a Bot called Dédé.
This service allows “Ecobank customers to transfer money from home in a context where they presently have to go to an ATM, withdraw their funds and look for a place...
In 2019, Togolese imports were twice its exports, despite the latter having slightly increased over the period.
The country’s exports generated CFA647 billion (fob) over the period while it spent CFA1,287 billion on imports (at customs value), thus about CFA110 billion more than it did in 2018.
The new statistics published by the BCEAO and based on Togolese customs data also reveal that...
In the last few weeks, Togo has recorded a surge in the number of Covid-19 cases in the regions of Kara and the Savanes. New outbreaks have been reported in the prefectures of Assoli, Tchaoudjo, Kozah, Sotouboua, and Tchamba while some weeks ago the pandemic was stabilizing.
This has led authorities to place the concerned localities under lockdown. For now, the restrictive measures have...
A smart road is expected to be built as part of the Lomé-Ouaga-Niamey corridor project.
In detail, countries involved in the project, namely Togo, Burkina Faso, and Niger, will have to build and launch smart transportation systems which are apps or advanced services that combine tech, geolocalisation, and transport engineering.
Once these systems are developed, the corridor should...
From now till December 2020, the World Food Programme’s office in Togo will share foodstuff and make cash transfers to the poorest people.
These fall under the Limited Emergency Operation (LEO) project approved by the UN body for the July-December 2020 period. This initiative aims to support households and people affected by the Covid-19 health crisis, especially families of quarantined...
In Togo, all medical staff will benefit from special covid-19 insurance.
The news was disclosed to the press on Sept. 10, 2020, by Col. Djibril Mohaman who heads the team coordinating the Covid-19 response.
Talking about the medical personnel, he said “they are very devoted. But they need support to pursue their mission. That is why the government took exceptional measures. They...
Togo just received from the World Bank (WB) Group $70 million (around CFA38.8 billion) to restart its economy after losses incurred by the Covid-19 health crisis.
The facility is divided equally into a loan and a grant, according to a statement released by the bilateral body on Sept. 10.
“This support is significant to help Togo mitigate the pandemic’s effects on the people and...
The ECO, the single currency projected for the Economic Community of West African States (ECOWAS), is very unlikely to be adopted this year. This is one of the conclusions of the recently ended 57th summit of ECOWAS Heads of State.
The leaders decided to follow a new roadmap whose content was not yet disclosed. The summit however informed that the launch of the single currency has been...
Marc Vizy, the French ambassador to Togo has reached the end of his mandate in the country after three years of service.
On Wednesday, the emissary met with Togo’s Prime Minister to say his farewell and review major cooperation projects between the two countries. In recent years, Paris has reinforced its actions in Togo: in economic, security, and social sectors. The same goes for the...
In Togo, farmers, market gardeners, cooperatives, or individuals will benefit from a project to supply and install solar irrigation kits.
The initiative is supported by the risk-sharing based Agricultural Financing Incentive Mechanism (MIFA) and the NGO Jeunes Volontaires pour l'Environnement (JVE). Its beneficiaries will get a loan ranging between CFA1.5 million and CFA3 million to purchase the...
Facebook is the most widely used social network in Togo. The platform garners 80% of the total social network traffic recorded in the country, between August 2019 and August 2020. The figure was released by Dublin-based firm StatCounter which measures website traffic.
Most Facebook users access it through a mobile device. Indeed, Facebook captures 84% of the mobile-based visits to...
Today, Togo’s minister of agriculture, Koutéra Bataka, presented to global investors the opportunities that the country’s agribusiness sector has to offer. The official did so at the opening of the 2020 African Green Revolution Summit (AGRF 2020).
This year, the annual event (10th edition) which is organized by Rwanda is held online due to the Covid-19. It regroups stakeholders from the...
The Togolese economy is the most diversified in terms of exports within the West African Economic and Monetary Union (WAEMU).
Indeed, a recent note issued by the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) puts the country just before Senegal in this ranking. The least performing nation in the Union according to this release is Guinea Bissau (which mainly exports cashew)....
In Togo, the actors of the cashew, shea, and soybean sectors are attending a workshop to learn the foundations of agricultural entrepreneurship.
Hosted in Kara (412km from Lomé), the workshop began on September 8 and will end in Atakpamé (161km from Lomé) on September 11. It is being held in two stages, the first dedicated to people from the regions of Kara, Savanes, and the...
In Togo, nearly 6.5 million long-lasting insecticidal nets (LLINs) will be distributed throughout the country to fight malaria.
This marks the continuation of the country’s policy to fight the disease, which is endemic throughout the subtropical zone.
While the chronogram of the distribution campaign has not been published yet, it is the fourth of its kind. The project aligns with...