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Daba Finance, an Ivorian fintech company, won the 2024 Ecobank Fintech Challenge, taking home $50,000 and a strategic partnership with Ecobank. Kenya's Melanin Kapital finished second in the competition, winning $10,000, while Guinean fintech YMO took third place with a prize of $5,000. The People's Choice Award went to Togolese startup MiaPay.
The competition took place on...
During the 79th session of the United Nations General Assembly in New York, Togolese President Faure Gnassingbé met with UN Secretary-General António Guterres on September 23, 2024.
According to the Togolese Presidency, the two men discussed Togo's efforts to advance the Sustainable Development Goals (SDGs) and promote peace in West Africa. The political and security situation in West...
Lomé hosted the 6th Congress of Chartered Accountants of the West African Economic and Monetary Union (WAEMU) last Friday, September 27. The meeting gathered about a hundred chartered accountants from Union and Nigeria.
They discussed their contributions to the sustainable development of SMEs and the regional economy, focusing on "the role of chartered accountants in the inclusive and...
Togo’s Golfe 1 municipality has reported a budget surplus of CFA277 million for 2023. The commune raised CFA3.3 billion to finance its budget, initially set at CFA3.1 billion. These figures were shared during a public accounting session on September 24, 2024.
Under the leadership of Koami Gomado, now Minister of Territorial Planning and Development, the municipality spent CFA3.07 billion last...
On September 25, Togo presented feasibility studies for several energy-related projects it seeks to have covered by the Compact Program of Millenium Challenge Corporation (MCC). The projects aim to expand the electricity grid, boost access to electricity, and enhance regulatory policies and the skills of energy sector workers.
They include the PEREGL, which aims to extend electricity networks in...
Lomé will host the second edition of the National School on Internet Governance (École Nationale sur la Gouvernance de l'Internet) from October 7 to 9, 2024. Organized by Internet Society Togo, the event aims to train 50 participants from various sectors, including government, private industry, civil society, universities, and the technical community, on Internet governance issues.
Attendees...
In the first half of 2024, Togo's exports to West Africa reached nearly CFA400 billion, driven by strong port activity and re-exports. The country maintained a positive trade balance with other ECOWAS countries. The ECOWAS has 15 member States. Burkina Faso, Niger, and Mali recently exited the block.
According to data from the National Institute of Economic, Statistical, and Demographic Studies...
In New York, Togolese President Faure Gnassingbé called for a global response to the crises affecting many countries during his speech at the Summit of the Future at the UN on September 23, 2024. He emphasized the need for international cooperation to tackle food, security, and environmental challenges.
Gnassingbé stated, "There is no better future than in the collective action of our States...
The 9th Pan-African Congress, set to take place in Lomé from October 29 to November 2, has been postponed to an unknown date. The Togolese Ministry of Foreign Affairs announced this on September 23.
This is the second time the event has been postponed. It was initially scheduled for Oct. 22-25.
The congress aims to discuss "Renewal of Pan-Africanism and Africa's role in the reform of...
In Togo, a census campaign for administrative reserves began on September 23, 2024. The campaign will last two weeks and will focus on the 13 municipalities of the Greater Lomé Autonomous District. The goal is to identify and secure state-owned land to prevent speculation and illegal occupation.
By listing these administrative reserves, the government aims to clarify property boundaries. These...
During its 143rd board of directors meeting, the West African Development Bank (BOAD) approved a CFA6 billion allocation to support rural electrification in Togo.
The BOAD approved a total of CFA105.6 billion in new financing to support the region's economies. Including the recent funds, the Bank has disbursed CFA8,854.3 billion for the Union since its launch in 1976.
? 143ème CA...
From September 24 to October 4, 2024, Lomé will host the 3rd extraordinary session of the ECOWAS Parliament, alongside the 2nd parliamentary orientation seminar for the 6th legislature.
The upcoming extraordinary session will focus on adopting the ECOWAS’ 2025 draft budget, ensuring budget stability, and implementing reforms to modernize the institution, according to the National...
Throughout the first half of the year, outstanding loans extended by microfinance institutions active in Togo reached nearly CFA400 billion (CFA395.697 billion), up by 13.3% year-on-year. The Microfinance Directorate (DMF) of the Ministry of Economy and Finance disclosed the figure on September 20, during a meeting organized by the Professional Association of Decentralized Financial Systems...
Togo seeks to secure new World Bank funding to support education, health, social protection, and gender equality initiatives. Related talks began last week in Lomé between Prime Minister Victoire Tomégah-Dogbé and a World Bank team.
During the meeting, the Togolese side highlighted how it used past World Bank financing to boost human capital. According to the latest United Nations Development...
The Togolese capital, Lomé, is hosting a high-level regional training course focused on port development. This event, which started on Sept. 23 has gathered delegates from 16 ports in West and Central Africa. It is the fruit of maritime cooperation efforts between Togo and Malaysia.
The training runs until September 28. It will cover organization and strategies in the international maritime and...
Togolese President Faure Gnassingbé is in New York. He participates in the 79th UN General Assembly, which started on September 22, 2024. This year's theme is "Leaving no one behind: acting together for the advancement of peace, sustainable development and human dignity for present and future generations”.
During this annual event, President Gnassingbé will discuss the Sustainable...