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Togo's healthcare accessibility rate increased from 71% in 2020 to 90.7% in 2023, according to a report by the Presidency of the Republic. Published on July 4, 2024, the document includes the latest Human Development Index (HDI) figures.
According to the report, key factors that spurred the progress include the Wezou Initiative, designed to provide care for pregnant women and newborns. By the...
Inflation in Togo stood at 3.9% in May 2024, down from 4.1% in April. The figure was disclosed by the country’s statistics institute, the INSEED.
The INSEED also reported that the National Harmonized Index of Consumer Prices (INHPC), which tracks price trends for most consumer products, rose by 1.6% between April and May.
Food Products
The price surge from April to May was mainly...
Agence Togo Digital (ATD), the government's operational arm for digital projects, is set to launch an ambitious initiative called "DigiTour" aimed at Very Small and Medium-sized Enterprises (VSMSEs). The awareness-raising tour will run from July 29 to August 10, 2024, across Togo's five administrative regions.
The tour aims to inform MSME owners about the possibilities that digitalization...
With the imminent withdrawal of the AES countries (Burkina Faso, Mali, Niger) from ECOWAS, observers there are growing concerns about the potential consequences of their exit from the regional economic community.
ECOWAS authorities expect the withdrawal to impact the free movement of people and goods significantly. Citizens of Burkina Faso, Mali, and Niger could soon need visas to travel to...
Togo’s National Institute of Statistics and Demographics (INSEED) signed a memorandum of understanding with the African Centre for Equitable Development (ACED) on June 28.
The move aims to support INSEED in key areas such as implementing the statistical visa, improving research capacities, and organizing study tours. It should also enable the Institute to leverage ACED's expertise and explore...
Plan International Togo and the Cadre de Concertation des Acteurs de l'Eau et de l'Assainissement de Base au Togo (CCEABT) have partnered to help the government improve water and sanitation practices and investments. The related memorandum of understanding was signed last weekend.
The partnership is backed by the Ministry of Water and Village Hydraulics.
Plan International Togo and CCEABT...
Star Garments Group Limited, a subsidiary of the American company Charles Komar & Sons, has secured a $15 million loan (around 9 billion FCFA) from the International Finance Corporation (IFC) to set up Togo’s first large-scale, export-oriented garment manufacturing plant.
The IFC announced the news on July 8. According to the World Bank’s private sector arm, the project could create...
Togo’s electricity access rate rose from 50% in 2020 to 68% in 2023. According to the Presidency, the surge is due to several inclusive initiatives, including the CIZO and Tinga Fund projects. Over 600,000 households now have light because of these projects.
Another project that fostered the increase is the installation of 50,000 autonomous and intelligent solar streetlights launched in April...
Exports from Togo to other ECOWAS countries stood at CFA52.968 billion in March 2024. The figure was disclosed by the country’s Institute of Statistics and Demographics (INSEED).
The biggest portion of the exports, 83% or CFA44.358 billion, was captured by the West African Economic and Monetary Union (UEMOA) countries. Côte d'Ivoire was Togo's main trading partner in the Union; receiving...
Togo will seek CFA35 billion on the WAEMU market on July 12. This will be the country’s first issue on the regional market this semester. Lomé will issue fungible treasury bills (BAT) and fungible treasury bonds (OAT).
In detail, Togo will seek CFA10 billion through the BATs and CFA25 billion through the OATs. The first securities have a nominal value of CFA1 million, stipulated with a...
Faure Gnassingbé and Diomaye Faye, the Presidents of Togo and Senegal have been appointed as co-facilitators for ECOWAS to work with the leaders of Mali, Burkina Faso, and Niger. Several months ago, these three countries began withdrawing from ECOWAS to form the Alliance of Sahel States (AES).
They were assigned the mission at the 65th Ordinary Session of the ECOWAS Heads of State and...
The Togolese capital is hosting the 23rd International Pharmaceutical Forum from July 4 to 6, 2024. The event, themed "Universal Access to Healthcare, challenges, Issues and Prospects for the Pharmaceutical Sector," is set to gather around 1,500 participants from various African countries, including researchers, teachers, wholesalers, pharmacists, manufacturers, biologists, and public health...
Ceco, a Togolese firm, secured the contract to build the Ebolowa-Efoulan-Mbango road (60 km) in Cameroon's southern region–a project with an estimated cost of CFA37 billion. The contract was signed on July 1 in Yaoundé with Emmanuel Nganou Djoumessi, Cameroon’s Minister of Public Works. The deal is conditional on Ceco's ability to secure financing on terms “acceptable” to the Cameroonian...
Togo officially launched its 2024-2025 soybean production campaign last week in Guérin-Kouka, in the Dankpen prefecture. The CIFS, the body overseeing the industry, organized the launching ceremony. This year, the event’s theme is "Mechanization of soybean production, a factor in increased productivity ".
At the ceremony, the CIF’s boss, Komlan Kadzakadè, said the body learned from the...
Togo now has a digital registry for businesses. The platform, DataBiz, was launched on July 1, 2024, by the Chamber of Commerce and Industry (CCI-Togo).
DataBiz aims to provide a more accurate map of Togo’s economic players and to reassure foreign partners in their business and administrative dealings with Togo. "The aim today is for every Togolese company to make itself known on this...
It is now possible for Togo’s micro, small, and medium-sized enterprises (MSMEs) to access their charter online. The Ministry of Trade, Rose Kayi-Mivedor, made it possible on July 2, 2024, in Lomé, on the 2nd edition of the International Day of MSMEs. The event was placed under the theme: "Building a collective resilience of MSMEs for better access to financing and markets".
The innovation...