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Ahmad

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Togo

U.S. Slaps 10% Tariff on Togo: Trade Tensions Threaten AGOA Gains and Fuel China Shift

On April 2, 2025, the U.S. announced a 10% customs duty on all imports from Togo, effective April 5, 2025—a move that risks derailing the West African nation’s export growth and complicates the future of the African Growth and Opportunity Act (AGOA). President Donald Trump’s decision, part of a broader tariff wave targeting African nations, hits Togo’s agricultural and textile sectors hardest, while raising questions about AGOA’s renewal and Togo’s pivot to China. Key Impacts on Togo’s Economy Agricultural exports at risk: Coffee, cocoa, shea butter, and soybeans—cornerstones of Togo’s $97M U.S. export market (2024)—face immediate strain. These products thrived under AGOA, which enabled duty-free access since 2000. Textile blow: The Plateforme Industrielle d’Adétikopé (PIA), a flagship industrial zone, recently began exporting garments to the U.S. New tariffs could stifle this nascent growth. Regional disparities: Lesotho faces a steeper 50% tariff, […]

Ahmad April 5, 2025

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Togo

Togo’s AI Ambition Takes Center Stage at Global Summit: President Gnassingbé Charts Path for Innovation

Togolese President Faure Gnassingbé joined global leaders, tech pioneers, and investors at the Global AI Summit on Africa in Kigali, Rwanda, held April 3–4, 2025. Centered on the theme “Artificial Intelligence and Africa’s Demographic Dividend,” the event highlighted strategies to harness AI for inclusive growth, youth employment, and ethical governance. Here’s how Togo is positioning itself at the forefront of Africa’s AI revolution. Summit Spotlight: AI’s Role in Africa’s Future Co-hosted by the Centre for the Fourth Industrial Revolution (C4IR) and the World Economic Forum (WEF), the summit tackled critical topics: Job creation: Balancing AI’s automation risks with opportunities for Africa’s booming youth population. Data governance: Building frameworks to ensure ethical AI development and cross-border collaboration. Entrepreneurship: Empowering startups to drive AI-driven solutions in sectors like healthcare, agriculture, and finance. President Gnassingbé’s participation underscored Togo’s proactive stance. “The Head of State’s presence reflects Togo’s commitment to integrating […]

Ahmad April 5, 2025

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Togo

Togo’s Business Landscape in 2025: A 5% Dip in New Ventures 

Togo’s entrepreneurial scene saw a slight cooling-off in the first quarter of 2025, with new business registrations dropping by 5% year-on-year. According to data from the Center for Business Formalities (CFE), 4,262 new businesses were registered between January and March 2025, down from the same period in 2024. While the dip raises questions about economic momentum, the numbers also reveal promising trends in local entrepreneurship and gender inclusivity. Let’s unpack the details. Key Highlights from Q1 2025 Homegrown entrepreneurship thrives: Togolese nationals dominated new business launches, accounting for 81% of registrations. Women’s growing footprint: Female entrepreneurs made up 28.6% of new ventures, underscoring gradual progress in closing the gender gap. January leads the way: The year started strong with 1,498 new businesses registered in January alone, outpacing February (1,314) and March (1,450). A Decade of Reforms: Laying the Groundwork The steady flow of new businesses—despite the […]

Ahmad April 5, 2025

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Togo

Togo: Poultry Output Hits 38 million Heads in 2024, Up 8% YoY

Togo’s poultry production hit 38.6 million heads in 2024. The Ministry of Economy reported the figure, citing the Ministry of Livestock. The output matches the government’s forecast of 38 million for the period. The production rose 8% year-on-year; in 2023, Togo produced 35.7 million heads in 2023.  Last year, the Plateaux was the top-producing region with 13 million heads or nearly 34% of total output. The year before, this region produced over 12 million heads. The Savanes followed, with 8 million heads, the same as in 2023 and 2022. The three other regions–the Central region, the Kara region, and the Maritime region–delivered 6 million, 5 million, and 4.8 million, respectively, in 2024. Authorities expect the production to exceed 41 million heads this year. Beyond meeting statistical targets, authorities aim to develop a robust value chain within the poultry industry.

Ahmad April 4, 2025

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Togo

Tuber: Togo Produced 2.51 million Tonnes in 2024, Up 5.5% YoY

Togo produced 2,515,000 tonnes of tubers in 2024, against 2,406,614 tonnes in 2023. The Ministry of Agriculture reported this data in the Citizens’ Budget, highlighting a steady upward trend since 2022, when production rose by 7.5% to 2,238,529 tonnes. The Plateaux and Centrale regions produced the most, 768,864 tonnes and 519,708 tonnes, respectively. The increased output coincides with Lomé’s 2024-2028 plan to develop the root and tuber sector. Under this plan, the government seeks to raise CFA2.34 billion to fund development actions. The Ministry of Agriculture and the Interprofessional Council for the Root and Tuber Plant Sector (CIFPRT) developed the four-year strategy. It was validated in 2023.

Ahmad April 4, 2025

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Togo

Togo: New Senate Appoints Barry Barqué as President

Togo’s first Senate concluded its inaugural session on 2 April 2025, by electing its officers. Barry Moussa Barqué, a prominent figure in Togolese politics, secured the position of president of the Senate for a six-year term. Barqué will lead the bureau, which counts nine members. After yesterday’s session, senators adopted their rules of procedure, laying the groundwork for future legislative activities. The 61 senators—41 elected and 20 appointed by President Faure Essozimna Gnassingbé—are holding their first ordinary session today, April 3. The leadership team includes Barry Moussa Barqué as President; Mrs. Kouvahey Amoko Holadem as 1st Vice-Chairman; Diogo Koudjolou as 2nd Vice-Chairman; Olympio Adeblewo Kossi as 3rd Vice-Chairman; Mally Komlan as 1st Quaestor; Mrs. Banybah Afiwavi Vicenzia as 2nd Quaestor; Mrs. Abougnima K. Molgah as 1st Parliamentary Secretary; Tchassona Traoré Mouhamed as 2nd Parliamentary Secretary; and Amelete Bawoumondom as 3rd […]

Ahmad April 4, 2025

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USA

Dow tumbles 1,000 points after China retaliates against Trump’s tariffs

US stocks opened sharply lower Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow fell 1,000 points, or 2.5%, and the broader S&P 500 was 2.6% lower. The tech-heavy Nasdaq was 3% lower and flirting with bear-market territory — a decline of 20% from its peak in December. Investors had been fearful that a dramatic escalation of the trade war could plunge the US and global economies into a recession. JPMorgan analysts said Thursday that America’s economy and the broader world economy both had a 60% chance of sinking into a recession this year. The analysts also said odds of a recession would rise if countries began to retaliate against the United States — and China did so Friday. Retaliation raises the risk of further escalation and could […]

Ahmad April 4, 2025

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General

De Bruyne To Leave Manchester City At End Of Season

Kevin de Bruyne has confirmed he will leave Manchester City when his contract expires at the end of the current season. De Bruyne, 33, has won 16 trophies since joining City from Wolfsburg in 2015, including six Premier League titles and the Champions League in 2023. He has scored 106 goals in 413 appearances in all competitions for City, but he has started just 19 games this season. “Every story comes to an end, but this has definitely been the best chapter,” the Belgium midfielder wrote on social media. “Football led me to all of you – and to this city. Chasing my dream, not knowing this period would change my life. This city. This club. These people gave me everything. I had no choice but to give everything back. And guess what – we won everything. “Whether we like […]

Ahmad April 4, 2025

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Nigeria

Senate Feud: Court Bars Akpabio, Natasha From Speaking To Press

A Federal High Court in Abuja has issued an order restraining all parties involved in the suit filed by Natasha Akpoti-Uduaghan against Senate President Godswill Akpabio and three others from making public comments about the case. Justice Binta Nyako, who presided over the matter, gave the directive on Friday after Akpabio’s lawyer, Kehinde Ogunwumiju, SAS, raised concerns that Akpoti-Uduaghan had been granting television interviews regarding the lawsuit. In her ruling, Justice Nyako stated that “all parties and their lawyers must refrain from granting press interviews related to the case.” The court further ruled that proceedings must not be streamed on social media platforms, effectively limiting public discourse on the case while it remains before the judiciary.

Ahmad April 4, 2025

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