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Last Friday, Togo raised XOF 26.31 billion for its latest fungible treasury bonds on the regional financial market. Out of this sum, the country retains XOF21.8 billion.
According to the UMOA securities agency, “the operation aligns with Togo’s public securities issuance program in line with its medium and long term debt management strategy.”
The amount mobilized corresponds...
Between 2018 and 2019, Togo doubled its exports of organic foods to the European Union. From 22,000 tons, the latter rose by 102% over the period to reach almost 45,000 tons.
This makes the country the second-largest exporter of these products to the EU in Africa (Egypt is first). Worldwide, it is the 14th (against 31st in 2018).
In the ECOWAS region, Togo is first ahead of Côte...
In Togo, the Gnassingbé Eyadema International airport (AIGE) is taking various measures to restart activity soon.
Among these is a mobile laboratory where all arriving and departing travelers will be tested for Covid-19. This was recently revealed in a press briefing organized by the Covid-19 response team (CNGR).
“It is imperative to restart economic activities,” the CNGR...
Over the next months, access to water in the Kara and Savanes regions will be improved. The ministry of water, rural equipment, and hydraulics (MEERHV) is planning to drill 400 boreholes, and rehabilitate 200 more, in these two regions.
In this framework, the ministry has opened a tender for enterprises interested in carrying out these works. The tender has been divided into two lots...
The Togolese government is keeping up with initiatives to increase financing to the agricultural sector. Last Wednesday, top officials from the ministries of finance and agriculture met with managing directors of credit institutions operating in the country in this framework.
The meeting, which was held in Lomé, aimed at finding ways to substantially increase the contribution of the...
In 2020, the Agricultural Financing Incentive Mechanism (MIFA), which is based on risk-sharing, intends to mobilize XOF50 billion for the Togolese agricultural sector.
This was revealed by MIFA’s managing director, Aristide Agbossoumonde, after a meeting between the State and lending institutions which focused on increasing loans to the agricultural sector.
“In 2019, we helped...
On June 4, 2020, the Togolese assembly adopted a bill regulating the safe, secure, and peaceful use of nuclear technology by the country. This was during the sixth plenary session of the assembly, under its first ordinary session for the year.
“Nuclear safety is a collective priority and Togo has always worked to ensure more safety within its borders,” declared Yawa Djigbodi Tsègan,...
The WAEMU’s eight-member States want to reopen their border (land, air, and sea) as soon as possible, in a concerted way. However, no date has been picked in this regard.
This was disclosed last week (May 28th) after a videoconference between the Union’s ministers of transport.
During the meeting, El Hadj Omar Youm, Senegal’s minister of transport said there would “certainly...
The European Union (EU) has provided Togo the first tranche of the €9.5 million (XOF6.2 billion) committed to the West African country under its 2019-2020 budget support.
The monies should mainly be used to handle the health and economic emergency resulting from the Covid-19 pandemic.
“These funds, which are directly transferred to the public treasury, will add to resources...
Previously closed due to the Covid-19 outbreak, schools in Togo are about to be reopened.
The Togolese ministry of technical education, training, and professional insertion recently called, in an official note, actors of the education sector to “prepare for the upcoming reopening of schools” in the country.
The actors, “inspectors, directors, and all teachers and...
As part of its response against the Covid-19, Togo has exceeded on 31 May 20,000 tests. This is as a result of a recent strategy adopted by Lomé to mitigate the spread of the virus.
Three months after recording its first case, the country has tested 20,500 people and confirmed 443 cases. Out of these, 215 recovered and 13 are deceased.
It should be emphasized that the government is...
Through its ministry for development planning, the government of Togo has initiated the process to acquire and install five (5) traffic counters.
According to the associated tender notice, the counters will be acquired and installed as part of the project to boost the competitiveness of logistics services for trade in Togo. This equipment will be supplied to the Railways and Road Transport...
In the last quarter of 2019, outstanding debts of microfinance institutions operating in Togo was reported to have risen by 18.3%, year-on-year, according to the Central Bank of West African States (BCEAO).
This is the second-highest annual increase in the WAEMU, right behind Mali (+26.7%), and before côte d’Ivoire (+16.9%), Senegal (+5%), Burkina Faso (+4.6%), and Niger (+1.4%). In...
This year, Togo plans to restore 35,000 hectares of its forests. This breaks down into 10,000 ha for planting, 5000 ha of agroforests, and 20,000 ha of enriched forests. This was revealed last week by the minister of environment, David Wonou Oladokoun, in the framework of National Tree Day which is celebrated on June 1st.
The government’s ambition falls under the reforestation and...
As part of the Kekeli Efficient Power project, a Siemens SGT-800 gas turbine is on its way to Lomé.
The tool, which will initially help the thermal power plant generate 47 MW of electricity is shipped from Finspang, Sweden. It will at a later stage of the project be completed with an 18MW steam turbine.
Siemens’ gas turbine is a combined cycle turbine designed for industrial...
Since its creation in 1973, the West African Development Bank (BOAD) has supported more than 1,200 projects initiated by the WAEMU States and the private sector in the region. In the process, the bank has spent about €9 billion (more than XOF5,800 billion).
In Togo alone, for example, the BOAD’s board has approved the construction of a 30 MWC photovoltaic power plant in Blitta,...