Artistic Transformation of Plastic Waste Promotes Sanitation in Togo The Lomé Urban Environment Project (PEUL IV) in Togo is entering its fourth phase, with a strong focus on addressing sanitation challenges. This initiative, funded by the French Development Agency (AFD), has brought together nearly 80 young artists from the capital…
ASKY Airlines, the Togolese carrier and joint venture with Ethiopian Airlines, is set to bolster its fleet with the addition of Boeing 737 Max 8 aircraft. The airline has reached an agreement with AerCap, the world’s largest owners of commercial aircraft, to lease two of these advanced jets. This marks…
Foreign Entrepreneurs Thriving in Togo’s Business Landscape The entrepreneurial spirit in Togo is attracting an increasing number of foreign entrepreneurs. Recent data from the Business Formality Center (CFE) reveals a positive trend, with 2,176 new businesses created by foreigners out of the total 13,835 registrations in 2022. This represents a…
Togo has launched a new initiative to raise CFA30 billion on the WAEMU stock market through a simultaneous issue of fungible treasury bonds and bills. This move showcases the country’s commitment to its capital market and aims to strengthen its public finance. The operation, which opened recently, is set to conclude today, providing investors with an opportunity to participate in Togo’s economic growth. Diverse Investment Opportunities and Rates The treasury…
The Islamic Development Bank (ISDB), through its International Islamic Trade Finance Corporation (ITFC), has committed $250 million to Togo to facilitate the expansion of their partnership into three vital sectors: energy, agriculture, and private sector development. The agreement was signed during the IsDB’s annual meetings in Jeddah, marking a significant milestone in Togo’s economic growth and development. Strengthening Togo’s Economic Growth and Trade System The partnership between ISDB and Togo…
At the annual general meeting held in Lomé, Togo, shareholders of Ecobank Transnational Incorporated (ETI) have approved a dividend payout of $28 million, equivalent to 0.11 cents per share. This decision reflects the challenging economic environment marked by escalating inflation and high-interest rates. Despite a 32.25% reduction compared to the previous year, the dividend payout demonstrates ETI’s commitment to providing returns to its shareholders. Prudent Measures and Shareholder Discontent: Justification…
Togolese Authorities Initiate Sustainable Urban Mobility Plan for Lomé Togolese authorities have embarked on an ambitious plan to introduce an urban transport system in Lomé, the capital city, that adapts to changing demographics. The Ministry of Road, Air, and Rail Transport recently organized a ceremony to mark the beginning of the development of the Sustainable Urban Mobility Plan (SUMP). Co-funded by the European Union and CoMSSA: A Transformative Initiative The Sustainable Urban Mobility Plan (SUMP) for Lomé is a collaborative…
Togo and Senegal Forge Partnership to Enhance Maritime Security Togo and Senegal are prioritizing the strengthening of their cooperation in the realm of maritime affairs. Edem Tengue, Togo’s Minister of Maritime Economy, and Achille Gueye, the Director General of the Senegalese Agency for Maritime Affairs (ASAM), recently held a meeting to discuss various important matters. Fighting Piracy and Illicit Trafficking: Collaborative Efforts in the Gulf of Guinea During their meeting, Tengue and Gueye focused on key issues, particularly addressing piracy…
Keras Resources Relinquishes Nayega Manganese Project in Favor of Organic Fertilizers Mineral resource company Keras Resources has made a significant strategic shift, announcing its decision to no longer pursue an exploitation permit for the Nayega Manganese project. Instead, the company will focus on becoming a prominent player in the organic fertilizer market in North America. This change in direction will be realized through the development of the Diamond Creek Phosphate mine located in Utah. Transitioning to Organic Fertilizers: Diamond Creek…
The Department of Education in Northern Ireland has announced that proposed cuts to several youth services and early years programs will no longer proceed. This decision comes as a relief to parents who expressed concerns about the potential impact on vulnerable children. The programs that were initially at risk included the Pathway Fund, Sure Start, Bright Start, and Toybox. Additionally, the department has also reconsidered all the proposed cuts to the Extended School program. The reversal of these decisions highlights…
France’s development agency, AFD, is set to provide €35 million in new financing for the West Africa Coastal Areas Resilience Investment Project (WACA-ResIP) in Togo. The program’s coordinator in the country, Abdul Rahimi Alimi, revealed that the financing will be used for works along the Agbadrafo-Gbodjomé axis along the coast. A total of 18 groins will be built along the 18-kilometer stretch to preserve the coastline. Importance of the Project The project is crucial to protecting Togo’s coastline from the…
The National Petroleum Authority (NPA) has issued a warning to residents in the Volta and Oti Regions of Ghana against engaging in fuel smuggling to Togo. The NPA has emphasised the dangers of this illegal activity and urged citizens to avoid participating in it. Fuel smuggling has become a significant issue in the region, with many people transporting fuel across the border to Togo, where they sell it for a higher price. However, the NPA has warned that this practice…
Togo’s coffee output has surged by 55.9% during the 2021-2022 season, according to the “Global Coffee Report and Outlook” published by the International Coffee Organization (ICO). The report revealed that although Africa produced 0.8% less coffee in the 2021-2022 season, the continent’s production is expected to rebound in the next season, with an estimated growth of 1.4%, largely driven by the rebounding industry in some countries like Togo and Angola. Out of all the coffee produced in the world in…
The United Nations Development Programme (UNDP) has announced the appointment of Binta Sanneh as its new resident representative in Togo. (Read Also: Jamaican Government and UNDP Collaborate to Enhance Wi-Fi Accessibility for Digital Readiness) Sanneh officially assumed her role on May 2, 2023, in Lomé, succeeding Aliou Dia. With nearly 15 years of experience working with the UN organization in Guinea Bissau, Burundi, and Chad, Sanneh brings a wealth of expertise in international development to her new position. Sanneh’s background…
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