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Togo’s minister of economy and finance, Sani Yaya, is the new head of the council of governors of the ECOWAS investment and development bank (BIDC).
He was appointed during the 18th ordinary session of the bank which was recently held in Lomé. The Togolese official replaces Jacob Jusu Saffa, Sierra Leone’s minister of finance.
According to the director of BIDC, George Agyekum...
Starting today, it is compulsory for all medical personnel in Togo to wear face masks, according to a recently released official statement.
The measure was taken a few days after some health workers at the Sylvanus Olympio teaching hospital came in contact with two Covid-19-infected individuals (the patients were diagnosed late and unfortunately died). After the incident, many members of the...
Only two weeks into commencement and more than XOF2.5 billion cash has been distributed to Togolese citizens most affected by Lomé’s Covid-19 response.
A total of 462,000 people received the money to cope with the situation. In detail, 300,998 women received more than XOF1.8 billion while men obtained about XOF845 million.
Let it be recalled that women, under the scheme, get...
Despite the current health crisis, Togo raised last Friday XOF22 billion on the regional financial market.
In effect, Lomé which was seeking XOF20 billion through the issuance (of short-term fungible treasury bonds) mobilized a total of XOF29 billion (thus representing a subscription rate of 147%).
This is a new breath of air for the country which currently battles against the Covid-19...
Already scaled down a few weeks ago to 3% (from 5.5%), the growth forecast for the Togolese economy this year has been further reduced to 1%. This is as sub-Saharan Africa braces for its first recession in 25 years.
This is bad news for the national development plan which was set to take off a little after the presidential elections. However, the tides could turn next year in the event the...
Beyond Productions will be in charge of all communications relative to the Economic Governance Support Project in Togo (PAGE).
This was announced by the related award notice released by the ministry of economy and finance.
Under the contract, the communication agency will boost the visibility of the PAGE, both at the national and international levels, the project’s objectives,...
The Post company of Togo has teamed up with the team heading the Novissi cash transfer scheme to inform sellers about the use of e-payment tools in the various markets of the Grand Lomé region.
The tools in question are the post’s Eco CCP e-wallet, and the Tmoney and Flooz mobile money platforms. The initiative aligns with the Covid-19 response which mainly aims at keeping physical...
To date, 45 people have recovered from the coronavirus infection in Togo. This is more than 59% of the number of cases reported (81) so far.
Togo is thus one of the countries with the highest recovery rate in the world. Regardless, the death rate is near the global average which is very high.
Recently, two infected patients died. Aged respectively 63 and 39, one was being transferred from...
Fifteen doctors working at the Sylvanus Olympio hospital in Lomé have been quarantined. They were in contact with two recently deceased Covid-19 cases.
So far, the hospital has identified at least 40 medical staff (from the hospital’s emergency and pneumology units), including the quarantined doctors, who were in contact with the deceased. Regarding the latter, “aged respectively 63...
Togo plans on soon having its agricultural stock market, according to Jérémie Yamouti, head of the crop production at the ministry of agriculture, husbandry, and fishery.
This stock market should support actors of the agricultural sector, knowingly producers, processors, buyers. The project was born from a need to build trust between these various actors and help them find new outlets...
From now till the end of June, water at all public standpipes across Togo is free.
This was recently disclosed by the county’s water utility, Société Togolaise des Eaux (TdE), as part of social measures taken by the government to contain the spread of the Covid-19 in Togo.
The utility hence advised populations to properly use the standpipes, avoid wasting, and respect basic...
In Togo, the Professional Association of Banks and Financial Institutions (APBEF) has contributed XOF100 million to the XOF400 billion Solidarity Fund launched by Togo’s President, Faure Essozimna Gnassingbé, on April 3, 2020, to contain the spread of the Covid-19.
The sum was gathered by 20 members of the APBEF, knowingly banks, insurers, brokerage, and leasing firms, according to the...
Togo and 24 other African countries will receive immediate debt service relief from the IMF as support against the Coronavirus pandemic. This was revealed in a statement published by the Bretton Woods institution on April 13, 2020.
“I am pleased to say that our Executive Board has approved immediate debt service relief to 25 of the IMF’s member countries (...) as part of the Fund’s...
The 2019-2020 academic year will not be canceled. This was disclosed on April 13 by the minister for primary and secondary education, Affoh Atcha Dedji.
The announcement aims at reassuring those concerned by such an eventuality. Let’s recall that all schools have been closed in Togo since March 20th due to the Covid-19.
To continue classes, the ministry of primary and secondary...
In a recent article published in the Financial Times, Togo’s President, Faure Gnassingbé, declared: “No matter how effective the developed world’s approach to the Covid-19 pandemic might be in terms of protecting public health, it simply will not work in Africa without social protection.”
“Almost 85% of African workers - be they small farmers, street-food vendors, waste...
After suspending classes due to the Coronavirus crisis, the University of Lomé has decided to shift to e-learning.
“Measures taken to handle the Covid-19 crisis, notably the closure of schools and universities, have compromised the 2019-2020 academic year. Therefore, the Social and Collaborative Network of the University of Lomé, RESCOUL, which has proved its effectiveness over...