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Under its new Country Partnership Framework (CPF) for Togo, the World Bank approved three loans totaling $298 million (180 billion CFA francs) on May 23, 2024. For Sandra Johnson, Minister Secretary General to the Presidency, this first loan series is a milestone for Togo. "This agreement marks a decisive turning point for Togo, and together, we are building a country where every...
The telecom regulators of Togo (ARCEP) and Madagascar (ARTEC) recently signed a cooperation agreement in Lomé. The agreement, sealed by Yaovi Galley of Togo and Frederic Rajaokarivony of Madagascar, focuses on sharing Togo's expertise in telecom regulation and digital transformation with Madagascar.
As part of the agreement, a delegation from Madagascar visited ARCEP's Center for Monitoring...
Togo’s latest issue on the WAMU public securities market was a success. Lomé raised CFA38.5 billion in the operation which closed on May 24. The initial target was CFA35 billion.
In detail, CFA9.8 billion was raised through Treasury Bills (T-Bills) and 28.7 billion through Treasury Bonds (T-Bonds). The former securities mature over 182 days. The latter mature over three and five years, at...
In Togo, the inflation rate stood at 4.1% in April, against 4.4% in March. The figure was disclosed by the National Institute of Statistics and Economic and Demographic Studies (INSEED).
Despite the slight slump, the general price level remained largely stable nationwide, with food prices being the exception.
Month-over-month, fresh product prices jumped 8.0%, while local products saw a 2.6%...
Ibrahima Mémounatou, a recently re-elected member of the Togolese National Assembly, has been appointed as the new head of the Economic Community of West African States (ECOWAS) Parliament. The appointment took place during a session in Kano, Nigeria on Thursday, May 23, 2024.
Following the tradition of rotating presidency, Mémounatou assumes the leadership role, succeeding Sierra Leone's...
Lomé will host the 23rd International Pharmaceutical Forum (IPF) from July 3 to 6, 2024. Between 1000 to 1500 participants from Africa, Asia, Europe, and America are expected. The theme is "Access to Healthcare: Challenges, Issues, and Perspectives for the Pharmaceutical Sector".
The forum aims to improve healthcare services and ensure affordable medicines for all. Its main goal is to help...
Togo’s Public-Private Sector Consultation Committee (CCESP) has launched a satisfaction survey of the private sector's interactions with public administration. Led by the Minister of Commerce's chief of staff, Koffi Vinyo Mensah, the survey gathers feedback from local and foreign economic players on ongoing pro-business reforms.
The survey is carried out by the National Institute of...
Togolese telecom firm Togocom and lender Orabank have teamed up to launch PASS TMONEY, a new mobile banking service, on May 23. The service enables offline money transfers between Togocom's TMoney mobile money platform and Orabank, in both directions.
PASS TMONEY also allows TMoney and Orabank users to check their balances and mini-statements via mobile.
The service is accessible through USSD...
Togo published its new cybersecurity strategy on May 22, 2024. The 2024-2028 plan was drawn by the National Cybersecurity Agency (ANCy). It aims to enhance digital security, aligning with Togo’s goal of becoming a regional cybersecurity leader.
The strategy is built on four pillars: promoting cybersecurity culture through awareness and training, protecting critical information systems,...
The number of people with high blood pressure is rising in Togo. From 2011 to 2021, the official proportion of people suffering from the condition rose from 19.7% to over 27%. The figure was disclosed on May 17, the World Hypertension Day.
"In 2021, Togo conducted its second survey involving populations aged 15 to 64. It turned out that hypertension is present in 27% of cases, affecting a...
Togo’s power utility, the CEET, has implemented a daily power supply rationing plan, as households, small and medium-sized enterprises (SMEs), and industries in the country face unexpected interruptions.
The utility detailed its plan last week, stressing that it goes from May 19 to May 26, 2024. The rationing plan, the CEET explained, is in response to the persistent difficulties faced by Togo...
Yango, the taxi-hailing mobile app, will soon be available in Lomé, Togo. The app should roll out by mid-June. Drivers are signing up at the moment.
Yango allows users to book rides online. In Lomé, it will compete, among others, with Gozem, active in the Togolese capital since 2008, and BKG SPEED, which came in more recently.
The newcomer’s arrival is highly anticipated according to...
Bank Of Africa of Togo (BOA-Togo sealed, last week, a major financing deal with the Federation of Women Entrepreneurs and Businesswomen of Togo (FEFA-Togo). Under the deal, signed on May 17, the lender will back the women’s activities with CFA1 billion over 12 months.
The document was signed in Lomé, by Youssef Ibrahimi, CEO of BOA-Togo, and Candide Bamezon-Leguede, president of...
Togo’s Prime Minister, Victoire Tomegah-Dogbé resigned yesterday with her government. They quit after the final results of the April 29 legislative elections were confirmed.
"Per republican customs, Mrs. Victoire Sidemeho Tomegah-Dogbé, Prime Minister, presented the government's resignation to the President of the Republic today, which he accepted," the presidency wrote in a statement dated...
Lomé hosts the 21st Seminar of the Francophone Network of Telecommunications Regulation (FRATEL). The two-day event opened today, May 21. Organized by the local telecom watchdog, the ARCEP, the forum brings together regulators from Francophone African countries. For this edition, the theme is "Data Economy and Digital Services: What Technical and Economic Regulatory Challenges".
During the...
To tackle the significant housing shortage in the West African Economic and Monetary Union (WAEMU), a major initiative was launched in Lomé last week. Known as the "Housing Loan Guarantee" (HLG), the initiative aims to help real estate developers secure loans more easily. The HLG was launched by the African Solidarity Fund (ASF) and the Regional Housing Refinancing Fund of WAEMU (RHRF-WAEMU)....