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Lomé will launch its next operation on the WAEMU stock market on June 24. The Treasury will seek CFA30 billion, through a simultaneous issue of fungible bonds (OATs) and fungible bills (BATs).
In detail, Lomé expects to secure CFA10 billion via the BATs and CFA20 billion via the OATs. The former mature over 364 days, have a par value of CFA1 million, and multiple interest rates. The latter...
In a bid to cut debt costs, Togo's public administration is rethinking its external debt and capital mobilization strategy, looking to concessional loans. This is outlined in the country's new Medium-Term Debt Strategy (SDMT) 2024-2026.
The strategy aims to reduce the exposure of public debt to refinancing risks by extending the average maturity of outstanding public debt and making greater use...
Togo's customs revenue has seen a significant increase in the first three months of 2024, with the Commissariat des Douanes et Droits Indirects collecting 99.3 billion FCFA, a 21.10% increase from the 82 billion FCFA collected during the same period in 2023.
Customs duties reached FCFA 35.4 billion, a 20.41% increase from the previous year, while VAT on imported goods rose significantly to FCFA...
Togo's Millennium Challenge Account Implementing Agency (OMCA-Togo) is preparing for the closure of the ICT and Land Reform Projects (LRAP), currently being deployed as part of the Threshold program. OMCA-Togo's Administrative and Financial Department organized a workshop to launch the program's closing process on Monday, June 11.
The workshop gathered heads of entities responsible for...
The International Monetary Fund (IMF) presented its regional economic outlook for sub-Saharan Africa (SSA) in Lomé, Togo, on June 13. The event brought together Togo's financial partners, including the World Bank, the UNDP, the African Development Bank AfDB, the European Union, and the French development agency AFD.
"Timid and costly recovery”
Themed “Timid and Costly Recovery”, the...
Togolese cotton farmers and the government recently met with Olam Group to discuss the cotton industry. This could be good news for the sector, after a 2023/2024 season marked by tensions and mild output.
The meeting took place on June 11 and 12 at the Ministry of Agriculture in Lomé, gathering the industry’s key players. The Minister of Agriculture, Antoine Gbegbeni, oversaw the talks,...
The Court of Justice of the Economic Community of West African States (ECOWAS) held a regional training meeting on the use of the Electronic Case Management System (ECMS) from June 10 to 12 in Lomé. The meeting brought together lawyers and judicial agents from French-speaking countries in the community.
The training focused on digitizing the Court's procedures, including decisions drawn up in...
The dry port of the Plateforme Industrielle d'Adétikopé (PIA) should resume operations in a few days. Edem Tengue, Togo’s Minister of Maritime Economy, disclosed the news via X on June 12.
The resumption aims to redynamize trade between Togo and Niger. It follows a meeting to evaluate activities at the Port of Lomé, particularly those related to the transit of goods bound for...
Togo's economy is expected to grow 6.6% in 2024, up from the 6.4% estimated for 2023, according to the Ministry of Economy and Finance's Economic Outlook to the End of March 2024.
According to the Permanent Secretariat for Monitoring Reform Policies and Financial Programs, the growth should be driven mainly by the primary sector, which is expected to grow by 4.6% due to agriculture, livestock,...
Togo’s economy is doing well according to recent figures released by the IMF. According to a recent mission led by Hans Weisfeld, the West African country recorded a 5.6% growth rate in 2023, while inflation has fallen to 2.6% in April 2024.
The IMF mission, which ended on June 7, noted significant progress in various areas. Overall budget revenues have been raised to 16.8% of GDP in 2023,...
ECOWAS is holding a sub-regional workshop on consumer protection in Lomé. The workshop, which brings together participants from ECOWAS member states, aims to enhance their skills and knowledge of the ECOWAS consumer protection directive. It began on June 10.
The workshop aims to educate participants about the provisions and implications of the ECOWAS Consumer Protection Directive. It will...
Togo's Quinzaine de l'environnement et du développement durable (QEDD) is back for its third edition. The event was launched on June 10 by Minister of the Environment and Forest Resources Foli Bazi Katari. It aims to raise awareness about environmental issues and educate the public.
The event, which runs until June 24, will feature debates, competitions, and training sessions on climate change....
Shelter Afrique is holding its 43rd Annual General Meeting (AGM), in Kigali, Rwanda. Togo takes part in the meeting which ends on June 13. The Togolese delegation is led by Kodjo Adedze, Minister of Urban Planning and Housing.
This year, the meeting’s theme is "Sustainable Partnerships in the Affordable Housing Finance Value Chain". Participants include representatives of Shelter Afrique’s...
The Danish fundraising organization, Danmarks Indsamlingen, will support vulnerable populations in the prefectures of Tône and Kpendjal in Togo with CFA220 million. The funds will be provided through the Emergency Assistance to Vulnerable Families project, which Plan International Togo (PIT) will implement over 12 months.
The Emergency project, known as "Nataan Man" was launched last week in...
US Ambassador to Togo Elizabeth Fitzsimmons announced her departure in a video posted on social media. Under her leadership, several initiatives were launched or renewed, including the Ambassador's Resilience Fund, which allocated $100,000 annually to address the root causes of violent extremism, and the Ambassador's Self-Help Fund, which disbursed $75,000 annually to 20 organizations...
Togo’s latest operation on the West African Monetary Union (UMOA) public securities market was successful. On June 7, 2024, the country raised CFA36.9 billion while seeking CFA35 billion.
In detail, Lomé secured CFA32.3 billion through fungible treasury bills (BATs or Bons Assimilables du Trésor) and the remaining CFA4.6 billion through fungible treasury bonds (OATs or Obligations...