AGP Executive Report
Last update: 12 hours agoBanking Stress Test: Togo’s banks posted a CFAF 20.5 billion loss in 2025 after a regulator-ordered cleanup of problem loans wiped out gains, even as net banking income rose 10.8% and operating profit jumped 19.2%. Investment & Industry Reform: Togo dissolved the Free Zone Administration Company (SAZOF) and expanded the Investment Promotion and Free Zone Agency (API-ZF) to manage industrial zones and investor site access, aiming for a more efficient, transparent promotion system. Clean Cooking Finance: Togo signed a deal to raise $8.5 million (CFAF 4.7bn) for improved cookstoves, targeting rollout from a pilot that already reached about 107,000 households. Skills for Jobs: 106 accounting teachers in Lomé trained on Sage 100 and taxation to better align classroom teaching with workplace needs. Regional Energy & Trade Pressure: Fuel prices in West Africa diverged after the Iran war, while Benin’s exports to ECOWAS hit 26.4bn FCFA in Q2—heavily driven by demand from Nigeria and Togo. Maritime Logistics Watch: Dangote plans to acquire ships after failing to secure vessel capacity for cement exports, citing costly overland transit through Benin and Togo.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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