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Page : 53 - Results of 833 to 848 from 5862 Results

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10/04/2024
Togo will hold its next legislative and regional elections on April 29, 2024.  The polls which were scheduled for an earlier date were postponed to collect the public’s opinion about the recent constitutional revision.  However, according to a decree issued in a Council of Ministers, the electoral campaign will now begin on April 13 and close on April 27. Advance voting is scheduled...
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10/04/2024
In response to a call for projects it launched last year, the Togolese Fund for Cultural Promotion (FNCPC) will soon obtain CFA300 million from the government. Local newspaper Togo Presse reported the news on April 9, quoting the Ministry of Culture.  The CFA300 million will be distributed as follows: CFA133.9 million for performing arts, for 323 projects; CFA51.9 million for film projects....
Togo's performance in fiscal transition within the West African Economic and Monetary Union (UEMOA) is commendable, aligning well with the Union’s objectives. Despite facing a complex and uncertain macroeconomic environment, overall performance in the fourth quarter of 2023 remained positive. As per the monitoring report prepared by the National Committee for Monitoring the Fiscal Transition...
Togo hopes to lower its domestic debt by 7 percentage points over the next three years, bringing it to 54.6% in 2026. The ambition was disclosed in the public administration's medium-term debt management strategy.  Last year, Togo’s outstanding public debt stood at CFA3.707 trillion–mostly denominated in CFA. External debt represented 61% (CFA2.276 trillion) and domestic debt 38.61%...
The Togolese government will, starting this month, launch a series of procurement activities over the next nine months. The procurement series falls under the Millennium Challenge Corporation’s (MCC) Compact program which Togo was declared eligible for in December 2022.  The estimated value of the projected procurements is $13.6 million. As part of the initiative, the MCC plans to...
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08/04/2024
A nationwide tour to consult key stakeholders about the constitutional revision project kicked off today in Togo. The 3-day tour will mainly focus on traditional leaders and organized groups. Around 30 localities will be visited, according to the assembly. Three groups of deputies are leading the tour which is dubbed the "Information and Listening Tour of the Population on the Revision of the...
Sierra Leone's Chief Minister, David Moinina Sengeh, met in Lomé with Togo’s Prime Minister, Victoire Dogbé, on April 5, 2024. The two officials discussed their countries’ ambition to deepen cooperation in various areas, such as financial inclusion, digitization, and youth employment.  I'd an incredible meeting with the Prime Minister of Togo @DogbeVictoire today. We both share a...
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08/04/2024
The ECOWAS Development and Financing Fund for the Transport and Energy Sectors (FODETE) should come online by the end of this year. According to the Ecofin Agency, which reported the news, Sediko Douka, the ECOWAS Commissioner for Infrastructure, Energy, and Digitalisation, mentioned the possibility on April 4, on the sidelines of the first ECOWAS Investment Forum (EIF) in Lomé. Approved for...
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06/04/2024
Togo’s cereal production has grown steadily in the past five years. From 1.26 million Mt in the 2019 campaign, it rose to 1.5 million Mt in 2023. Togo First obtained the data from the Central Bank of West African States (BCEAO). In detail, the output stood at 1.26 million Mt, 1.36 million Mt, 1.397 million Mt, 1.44 million Mt, and 1.5 million Mt in 2019, 2020, 2020, 2021, 2022, and...
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05/04/2024
Togo has joined the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The country’s parliament passed on April 4 a law approving its adhesion to the Corporation.  Joining the ICIEC allows Togo’s businesspeople to secure export loans for goods produced locally. Commenting on the development, Rose Mivedor, the Minister of Trade and Local Consumption, claimed...
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05/04/2024
At last, Mila Aziable, Togo’s Minister of Energy, commented on the power outages that the country has been experiencing since January 2024. The official gave the real reasons behind the crisis on X (ex-Twitter).  "The energy crisis that has been ongoing since January 2024 in our region, mainly due to a natural gas supply shortage, is causing power cuts and disrupting our economies,"...
A total of 4,503 businesses were officially registered in Togo over the past quarter. The figure, compiled by the country’s Center for Business Formalities (CFE) and obtained by Togo First, is 3% less than the number of businesses registered over the same period last year – 4,655. In detail, CFE data indicates that 1,546 businesses were registered in January 2024, compared to 1,636 in 2023....
The first ECOWAS Investment Forum began today, April 4th, in Lomé. The two-day event gathered over 400 key stakeholders of development, investment, and governance in West Africa. Together, they will discuss major issues the region faces. These include food security, developing sustainable infrastructure, and leveraging the green economy to tackle youth unemployment.  “In a world plagued...
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04/04/2024
Togo wants to secure CFA30 billion for its inaugural operation on the WAEMU market this quarter. The operation involves a simultaneous issuance of fungible treasury bonds (OATs) and fungible treasury bills (BATs), with the closing date set for April 12. Specifically, the country seeks to raise CFA15 billion through BATs and an equal amount through OATs. The BATs have a par value of CFA1 million,...
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04/04/2024
The government of Togo has postponed the coming legislative and regional polls. Intuitively scheduled for April 20, the elections are “slightly” delayed, according to the government.  "The government will proceed with a slight adjustment of the schedule for the legislative and regional elections originally scheduled for April 20, 2024," the authorities said after a meeting between...
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03/04/2024
Togo plans to raise CFA195 billion on the WAEMU market this quarter to fund its budget. In detail, the Togolese treasury scheduled a dual issue for April 12: an issue of fungible treasury bills (BAT) and an issue of fungible treasury bonds (OAT).  The former securities mature over three months and the latter over five years. Togo hopes to raise CFA30 billion through the operations, and...
 

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