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Togo recently joined the Organization of American States (OAS) as a Permanent Observer State. Frederic Hegbe, Togolese Ambassador to the U.S., presented the related credentials to the OAS Secretary General, Luis Almagro, on January 26, 2024.
I received credentials from Ambassador Frédéric Edem Hegbe, Permanent Observer of Togo to the OAS. We discussed Togo’s role as new Permanent...
The Soccer Federation of Togo (Fédération Togolaise de Football, FTF) approved its budget for 2024 on February 2024. The budget amounts to CFA3.6 billion.
It is 12% more than the 2023 budget and 22% more than the 2022 budget. The past two budgets stood at CFA3.2 billion and CFA2.7 billion, respectively.
According to the Federation’s executive committee, the 2024 budget will help build...
The Ministry of Energy of Togo has been allocated a provisional budget of CFA57 billion under the 2024 finance bill.
With the funds, the Ministry will accelerate existing projects aimed at achieving universal access to power in Togo. In detail, the money will finance the CIZO off-grid project, the PRAVOST (which is the social component of the CIZO), the Tinga project, and various mini-grid...
In Togo, the government allowed Canadian firm Logistik Unicorp to build a military and professional clothing factory in Datcha, in the Plateaux region.
The factory will cost the Northern American company $2.2 billion.
The project was first announced in 2019. The plant was supposed to be built at Adetikopé, in the Lomé area. Logistik Unicorp had even set up Logistik Unicorp -...
The government of Togo plans to bail out the Union Togolaise de Banque (UTB), a State-owned lender. According to the country’s 2024 finance bill, Lomé will invest CFA13 billion in the rescue mission.
Besides this investment, the government announced a CFA66.9 billion allocation to buy the bank’s branches. Lomé will use some of the money to buy back other infrastructure from UTB and IB...
The U.S. has spent close to $50 million to fight and treat AIDS in Togo since 2019. The funds were provided through the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR). To date, the American program has helped provide over 35,000 people with antiretrovirals, as well as improve the level of patient care and viral load suppression in Togo.
Dans cette vidéo, Dr Nirav Shah...
Togo produced 70,000 t of cotton in the 2023-2024 season. The figure was reported by the country’s Cotton company, the Nouvelle Société Cotonière du Togo (NSCT).
The recent output is a significant improvement compared to 2022 and 2021 where the country had produced respectively 46,549 t and 52,528 t of cotton. The increase is thus the first since 2020, the year in which the cotton...
Ahead of the New Chinese Year of the Wooden Dragon, which begins on February 9, China’s Ambassador to Togo, Weidong Chao, held a reception last Friday in Lomé. On the occasion, Chao said the China-Togo relationship is set to be stronger.
Commenting on the recent visit of China’s Foreign Affairs Minister to Togo, the Ambassador said it was “very successful”. Several members of the...
Exporting scrap and ferrous by-products is still forbidden in Togo. The ban, announced in April 2021, was reiterated last week by the Minister of Trade, Rose Kayi Mivedor-Sambiani. The official, on the same occasion, announced new measures to foster local processing.
The minister warned through a note that "only locally-processed ferrous and non-ferrous metals will be exported...
Togo successfully carried out its latest issue on the WAEMU stock market, the third this year. On February 2, Lomé raised CFA30 billion on the regional market via a simultaneous issue of fungible treasury bonds and bills (OATs and BATs).
Proceeds will finance Togo’s annual budget which stands at CFA2,179 billion, expenditures and revenues.
In detail, Lomé secured CFA26 billion...
Lomé will host the 2nd edition of Les Afropéennes, a music festival, from February 15 to 18, 2024. This was recently disclosed at the Institut Français du Togo, in a press conference hosted by Togolese musician Florent De La Tullaye.
Les Afropéennes brings together African and European musicians and music lovers. The festival celebrates cultural diversity and fosters inclusion, the youth's...
Earlier this week, World Bank executives met with Togolese officials to discuss SME financing in the African country. During the meeting, Christopher Balliet Bleziri, country representative of the World Bank’s International Finance Corporation, told the Togolese officials that the Bank’s arm would collaborate with local banks and investors, with a focus on agricultural leasing.
"We...
Since it launched in Togo in 2021, CBI Baraka, the Islamic finance branch of Coris Bank Togo (CBI Togo) has totaled a portfolio of 3,520 account openings. CBI Togo disclosed the figure yesterday, Feb 1, during a public conference in Lomé.
In 2021, the Islamic finance branch had 662 accounts, thus representing a surge of 430% over the past three years. Also, by the end of 2022, CBI Togo reports...
During its latest Council of Ministers, on January 31, Togo adopted a bill on firearms and ammunition. The new bill aims to update and improve Togo’s firearms and light ammunition regulation.
In detail, once approved by the parliament, the bill will enable the relevant authorities to better control arms-related activities. The bill specifically provides a framework for the categorization...
Togolese Prime Minister Victoire Tomegah-Dogbé gave an audience to filmmaker Angela Aquereburu on January 30. Aquereburu produces the web series "Ahoé", a local production that quickly gained popularity in Togo.
Ahoé started broadcasting on YouTube on December 1, 2023. The YouTube channel airing the episodes (46 at present) currently has around 68,000 subscribers. So far, the web...
Togo President Faure Gnassingbé received Mali’s Foreign Affairs Minister, Abdoulaye Diop, on Tuesday, Jan 30. According to the Togolese Presidency, they reviewed Mali’s current socio-political situation.
The men met two days after Mali announced it was leaving “with immediate effect” the Economic Community of West African States (ECOWAS), together with Niger and Burkina...