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Last December, Togo and the IMF reached an agreement. This is after two years of negotiations started after the end of a program that covered the 2017-2020 period.
The International Monetary Fund (IMF) announced an immediate disbursement of $68.3 million to Togo last Friday, March 1. This disbursement is part of a 42-month agreement falling under an Extended Credit Facility (ECF)...
Togo may not immediately follow the recommendation for various reasons, ranging from its electoral calendar to persistent issues impeding the effectiveness of cash transfers.
The International Monetary Fund (IMF) has urged Togolese authorities to rethink their fuel subsidy strategy in favor of more targeted methods, such as direct cash transfers to vulnerable populations. This recommendation was...
Togo raised CFA38 billion on the WAEMU securities last Friday, March 1. The funds will finance the country’s national budget for 2024.
In detail, the Togolese treasury secured CFA14 billion through Treasury Bills (BATs), which mature after 182 and 364 days, at different interest rates. The remaining CFA24 billion were obtained through Treasury Bonds (OATs), set to mature over three years at a...
The 3rd International History Festival of Aného (FIHA) will be held from November 14th to 17th, 2024. The festival’s organization committee disclosed its schedule and theme, “Discoveries”, last week in a press debrief.
This year, the festival will host a Togo-Turkey business forum, fostering dialogue and collaboration between Togolese and Turkish entrepreneurs, SMEs...
Togocom’s majority shareholder, Axian Group, has joined GSMA's Connected Women initiative. The latter aims to balance access to digital and financial services between men and women, in Africa especially.
By joining the initiative, Axian seeks to enable more women to use its data services and mobile financial solutions in Togo and Madagascar, its two African markets. Axian said it would release...
The West Africa Unique Identification for Regional Integration and Inclusion project just reached a new milestone in Togo. Registration operators (OPE) and supervisors for the project have recently been preselected.
According to the INSEED, a key partner on the project, preselected OPEs and supervisors will be tested across the country, from March 5 to March 15, 2024.
Testing sites...
The Togolese government is poised to start a new chapter with Niger in the area of maritime cooperation. Edem Tengue, Togo’s Minister of Maritime Economy, voiced the ambition during a recent high-level visit by a Nigerien official delegation.
"Together, we want to start a new chapter of maritime collaboration, streamlining trade exchanges between Togo and Niger," said Tengue.
The move...
In Togo, the government’s “School Canteen” program benefited 218,395 students in public primary schools during the 2022-2023 school year. The figure was disclosed on March 1 by the National Agency for Support to Grassroots Development (ANADEB).
Compared to the previous academic year, the program impacted 65% more students. That year, it had impacted 132,153 students. Similarly, more...
Lomé will host the 2024 Africa Digital Transformation Forum from May 21 to 24. The forum will gather stakeholders of the African digital sector, decision-makers, innovators, and digital experts. They will review opportunities and challenges to Africa’s digital transformation.
Talks at the forum will focus on key areas like Energytech, AI, blockchain, cybersecurity, VR, and e-health....
Togo will soon receive a grant from the Global Fund to Fight AIDS, Tuberculosis, and Malaria (GC7) for the 2024-2026 cycle, as well as from the COVID-19 Response Mechanism (C19RM). Victoire Tomegah-Dogbe, Togo’s Prime Minister, announced the news on February 28, in Lomé.
The new grant amounts to €112.8 million (CFA74 billion) or 14% more than for the previous cycle. An...
Parcel plans can be registered online henceforth in Togo. The shift became effective today, March 1, according to the Togolese Revenue Office (OTR).
The parcel plan is a document that defines the limits of a parcel. Dematerializing its registration aligns with the government’s efforts to save time for third parties, among others.
Similar efforts include online application and issuance...
Togo wants to reinforce its policy to reduce methane, a major greenhouse gas. Lomé, the capital, hosted on February 28 a meeting in this framework. The meeting regrouped various local experts who discussed ways to bolster Togo’s methane reduction capacity. The Ministry of the Environment and Forest Resources and the Climate and Clean Air Coalition were the organizers.
The project is...
The World Trade Organization (WTO) held its 13th Ministerial Conference from February 26 to 29, 2024, in Abu Dhabi, UAE. Togo was virtually represented at the meeting by its Minister of Trade, Rose Kayi Mivedor. On the occasion, the official lauded the WTO’s inclusive multilateral trading system, especially relative to the Least Developed Countries (LDCs).
Mivedor said Togo values the...
The Surgeons Association of Togo (STOCHIR) held its third congress last week, February 22 and 23. The meeting focused on how the physicians could best contribute to the government’s Universal Health Insurance (UHI) program.
The event was themed "Surgery's Contribution to Universal Healthcare". Its main goal was to find solutions that support the UHI’s implementation.
On the...
FIFA wants to help some West African countries to supply their jerseys for its coming World Cup and other events. FIFA President Gianni Infantino revealed the ambition on February 24, 2024, in Abu Dhabi, at a side event ahead of the 13th Ministerial Conference of the World Trade Organization (WTO).
Infantino, however, imposed the creation of a whole textile value chain in the region as a...
The President of Togo, Faure Gnassingbé, and the President of the African Development Bank (AfDB), Akinwumi Adesina, met on February 27, 2024. The meeting focused on mobilizing funds to implement the RN1 Unity Highway (Lomé-Cinkassé) project. The RN1 Unity Highway project requires a $2.9 billion investment. The AfDB and its partners will provide the funds.
Gnassingbé and Adesina...