AGP Executive Report
Last update: 7 hours agoWorld Bank Income Reclassification: Togo has been moved from low income to lower-middle income in the World Bank’s 2026–2027 country income update, effective 1 July 2026—an unusual jump driven mainly by a revised population estimate after the 2022 census (GNI per capita rises when the population denominator falls), alongside GDP growth and exchange-rate effects. ECOWAS–Sahel Diplomacy: Russia says it will sign a security-focused memorandum of cooperation with ECOWAS and support efforts to “bridge” relations with the AES bloc (Mali, Burkina Faso, Niger), as Ghana and Russia discuss normalisation steps. Agriculture Trade Monitoring: Togo published first-phase SCORECARD results under the West Africa Food System Resilience Program, reviewing indicators with government, private sector and civil society in Tsévié and aligning next steps for weaker areas. Digital Finance for SMEs: Veefin Solutions and NSIA Group partner to expand supply chain finance across Benin, Togo, Côte d’Ivoire, Senegal and Guinea, using digital reverse factoring and factoring to unlock working capital for suppliers and SMEs. Cement Price Scrutiny (Regional): Nigeria’s competition watchdog probes possible cement price manipulation after comparisons with other African markets, including Togo, raised questions about why prices are higher despite local capacity. Swiss Diplomatic Appointment: Switzerland appoints Dr Thomas Oertle as ambassador-designate to Ghana, Benin and Togo, with a background spanning development cooperation and science studies. Maritime Security (Regional): Reports of attacks and seizures in key shipping corridors continue, including a hijacking off Somalia and renewed risks around the Strait of Hormuz.
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