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Togo has raised CFA531 billion on the WAEMU Securities market so far this year. This is 87% of its annual goal–CFA607 billion. In its latest issue on the regional market, Lomé secured CFA32.1 billion. The operation, a simultaneous issue of fungible treasury bills (BATs) and treasury bonds (OATs), took place on July 26.
Lomé raised CFA18.6 billion through the BATs and CFA13.5 billion...
The 50,000 solar-powered street lamps project was presented to local authorities of the Maritime region last Thursday, July 25. Launched in April 2023, the project is led by the Agence togolaise d'électrification rurale et des énergies renouvelables (AT2ER).
During a workshop in Davié, located 5 km south of Tsévié, participants learned about the deployment, security, and maintenance of...
The Haho 1 municipality mobilized about CFA190 million in 2023, against an initial forecast of about CFA385 million. Expenditures reached CFA216.7 million, against CFA104 million projected.
Though it raised less year-on-year, the municipality invested more in 2023–CFA45.8 million-compared to 2022, CFA25.5 million. Key projects included building sheds for the fruit market, constructing a...
In Togo, every land plot will be allocated a Unique Parcel Number (UPN) starting today. The new system is launched today, August 1.
The Office Togolais des Recettes (OTR), the country’s tax office, announced this change as part of reforms to simplify and modernize land procedures. The UPN aims to increase transparency in land management and reduce property disputes by making it easier to...
Nigeria inaugurated its new embassy in Togo earlier this week. The move is aimed at strengthening bilateral relations between the two countries. The inauguration ceremony was hosted by Nigeria's Minister of Foreign Affairs, Yusuf Maitama Tuggar.
On the occasion, Nigerian Minister Tuggar emphasized the importance of collaboration between the two countries, stating that Nigeria aims to promote an...
Last Tuesday, Togo unveiled its action plan to support entrepreneurs and mobilize funds for their benefit. This was during a strategy meeting in Lomé, which was part of preparations for the upcoming launch of the Entrepreneur Agenda and green financing initiatives.
At the meeting, various stakeholders involved in environmental protection in Togo reviewed the action plan. The latter will serve...
Togo’s telecom regulator, ARCEP, has imposed a CFA1.6 billion on Moov Africa Togo. This amounts to 2% of the mobile operator's sales in 2023. The regulator disclosed the news on July 24, after a public hearing held the same day in Lomé.
ARCEP accused Moov Africa Togo of "serious breaches of its obligation to provide permanent, continuous and regular availability of mobile electronic...
Egypt wants to bolster trade and bilateral partnerships with Togo. Ahmed Mohamed Eid Moustapha, Egypt's ambassador to Togo, unveiled the ambition last Monday, July 22.
"I have been tasked by my country to achieve several objectives during my tenure, primarily to strengthen bilateral cooperation and improve economic relations between our two countries," the ambassador said, as reported by...
The RICOWAS, a sub-regional rice project, was launched in Togo earlier this week. In Togo, the project is led by the Institute for Technical Supporting (ICAT). It is backed by the Economic Community of West African States (ECOWAS).
The RICOWAS aims to transform rice farming in West Africa by integrating advanced and sustainable agricultural techniques. Madjoulba Batocfetou, General Manager of...
The Alliance of Sahel States (AES) is working to enhance trade relations with Togo and has invited the country to participate in a meeting of Customs Directors General on Tuesday, July 23, in Niamey, Niger.
During the meeting, customs officials from AES member states agreed to interconnect their customs systems, including Togo, which is crucial for regional trade. They instructed their technical...
Air Liquide has officially changed its name to Erium. The change comes after Adenia Partners acquired Erium operations in 12 African countries.
This marks a new beginning for the company in countries like Benin, Burkina Faso, Cameroon, Congo, Côte d'Ivoire, the Democratic Republic of Congo, Gabon, Ghana, Madagascar, Mali, Senegal, and Togo.
The acquisition was completed on July 23, 2024, and...
IB Bank Togo (formerly BTCI) recorded a net profit of over 3 billion FCFA in 2023, way above 2022’s CFA8.8 billion loss. Khalid Yacoubou Boukari, the bank's Director of Commitments, recently disclosed the data on LinkedIn, without providing further details.
In 2021, the BTCI (now IB Bank Togo) was privatized–a moved that aimed to to help it be more financially healthy and better contribute...
From January to March 2024, microfinance institutions in Togo saw their deposits rise by CFA17 billion, up 4.6% compared to Q4 2024. This was the highest increase among decentralized financial systems in the West African Economic and Monetary Union (WAEMU) for Q1 2024, according to data from the Union’s Apex bank, the BCEAO.
In comparison, Benin's deposits grew by CFA15.3 billion,...
The ECOWAS Bank for Investment and Development (EBID) released its 2024 West African Development Outlook (WADO) report today. The report was presented in a webinar hosted from 10:00 to 11:00 GMT.
The central theme of this year's report is "Building resilience to recurrent shocks". The report is expected to examine the development challenges and opportunities facing countries in the West African...
The National Health Insurance Institute of Togo (INAM) is carrying out an awareness campaign in the Kara region, northern Togo. The campaign started on July 13 and will end on July 21. Its focus is the universal health insurance project (AMU).
Besides information, the INAM provides, as part of the campaign, free medical consultations, blood pressure and diabetes tests. Health tips are also...
Moov Africa Togo and Ecobank-Togo have launched a new financial product called "Move Money ATM." This service allows Flooz (Moov's mobile money service) subscribers to withdraw cash directly from Ecobank ATMs without using a bank card. The product was unveiled on July 17, in Lomé.
"This partnership enables all Togolese who need to withdraw money, whether they are Moov or Flooz customers," said...