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Togo will hold municipal elections in at least 11 municipalities this October. The Ministry of Territorial Administration announced these elections following the deaths of several mayors and deputy mayors in recent months. The elections are scheduled from October 22 to 31.
Municipalities concerned include Golfe 2, 5, and 6, Avé 2, Kloto 3, Kpélé 1, Sotouboua 2, Doufelgou 3, Tone 1, Dankpen 3,...
The Islamic Development Bank (IsDB) recently approved $60.30 million (over CFA36 billion) for Togo. This funding aims to improve the quality of life for vulnerable populations. The announcement came during the IsDB's 357th Board of Directors meeting on October 14, 2024, in Jeddah, Saudi Arabia.
The funds will support income-generating activities and boost agricultural productivity, which...
Over the first nine months of 2024, 11,979 new businesses were registered in Togo. The data comes from the Centre for Business Formalities (CFE) where the businesses were registered. The figure is 2% more than that recorded over the same period the previous year–11,733.
Out of the almost 12,000 newly registered businesses from January to September, 9,940 were established by Togolese;...
Last week, Togo hosted the second edition of the Renewable Energy Days. The event, which took place on October 18 and 19, was themed “Renewable Energies at the Service of the Agro-Industry.” It was organized by the Synergie des acteurs du secteur (SAER) and the Centre Togolais des expositions et Foires (CETEF).
The fair gathered Togolese companies active in the renewable energy sector, and...
Ten (10) Togolese tech startups will be in Cape Town, South Africa, from November 25 to December 4, 2024. The startups include Semoa, Anaxar, Silimi, Aviocole, Kondjigbale, Robaloto, Klumer, Edole, Trankyl, and Infinitus. They operate across various sectors, from Fintech to HealthTech and professional networking.
The Ministry of Digital Economy and Transformation, through Agence Togo Digital...
Earlier this week, the Sheyi Emmanuel Adebayor Foundation (SEA Foundation) facilitated a partnership between the University of Lomé (UL) and Morgan State University in the USA.
A delegation from the American university visited UL as part of an international academic collaboration. Led by Endia De Cordova, Director of the university's foundation, the delegation was introduced by Boris...
By the end of 2023, Togo had 12,945 health workers in the public sector, according to data from the Minister of Health, Professor Tchin Darré.
The distribution shows that Greater Lomé, which includes 13 municipalities around Lomé, has 4,634 health workers, making up 36% of the total. The maritime region follows with 1,679 workers (13%), Plateaux with 2,145 (17%), Kara with 1,803 (13.9%),...
The Togolese government has suspended Yango, an online car-sharing service, for "illicit" activities.
On October 17, 2024, the Ministry of Transport stated that Yango, owned by Russian tech giant Yandex, began operations "in violation of all required administrative procedures and authorizations". The suspension follows serious concerns about user safety.
Yango faced a similar suspension...
Last Saturday, October 12, several Togolese bankers and finance experts gathered in Lomé for a "Loft of the Weekend" workshop focused on banking risk management. Held in Baguida, the session was led by Khalid Yacoubou-Boukari, Commitments Manager at IB Bank Togo and a risk management consultant.
Participants learned about risk management regulations, particularly Circular N°04-2017/CB/C,...
Togo, Benin, and Guinea-Bissau will receive €25 million (over CFA16 billion) from Germany to fund projects to tackle violent extremism. This financial support comes from the Regional Stabilization and Development Fund (RSDF), which was recently launched in Cotonou by ECOWAS.
From 2024 to 2027, these countries will focus on three key areas: job creation, environmental protection, and...
In Togo, the investment rate has fluctuated significantly over the past decade due to various economic challenges. Data from the Central Bank of West African States (BCEAO) shows that the investment rate was 22.1% in 2013, peaked at 25.2% in 2015, and then dropped to 16.8% in 2017 amid economic uncertainties and socio-political tensions.
However, a turning point occurred around 2020 when the...
Togo is launching a new wave of reforms to improve its business climate. On October 7, 2024, the country held a workshop to present the first B-Ready report from the World Bank’s Doing Business initiative. Togo ranked third in Africa, behind Rwanda and Mauritius, showcasing its progress in business reforms.
Sandra Johnson, Minister Secretary General of the Presidency, chaired the event...
The Chamber of Commerce and Industry of Togo (CCI-Togo) recently launched a project to bolster the rice industry and boost local consumption. The initiative–Projet d'Appui à la Valorisation du Riz Togolais (PAVRIT)-kicked off on October 10, in Kpalimé, coinciding with the start of local consumption month.
The PAVRIT focuses on two main areas: providing technical and financial support to...
The Togolese government wants to draw more investments supporting the Sustainable Development Goals (SDGs). To this end, Lomé released a Sustainable Financing Framework created by Essowè Georges Barcola, Ministry of Economy and Finance. The framework was unveiled on October 9, 2024. The document aims to draw national and international partners interested in projects with strong social and...
The Togolese government is tightening regulations for international non-governmental organizations (NGOs) operating in the country. From now on, any international NGO that wants to work with the Togolese government must first obtain official recognition before signing a partnership agreement. This requirement applies to both new NGOs and those already active in Togo.
This new rule was announced...
Togo scored 61 out of 100 points in the first edition of the World Bank's B-Ready report, which evaluates business climate in 50 countries. This score places Togo third in Africa and first in West Africa. The report, which replaces the suspended Doing Business ranking, lauded Togo's efforts in facilitating business start-ups.
The country received a score of 77.26 points for business start-ups,...