• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Sunday, December 14, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

WB grants Togo $200mn to tackle power cuts

July 14, 2024
in World
WB grants Togo $200mn to tackle power cuts
Share on FacebookShare on TwitterWhatsapp

LOME: The World Bank will grant Togo $200 million for energy infrastructure projects to help tackle the West African country’s devastating electricity crisis, according to agreements signed Friday.

In recent months, Togo has been battered by power cuts that have spurred rising discontent at a time of already febrile political tensions.

Hailing the agreement as timely, the country’s economy and finance minister Sani Yaya said the funding would help build new transmission lines, benefitting Togolese living in rural areas in particular. “It will help to strengthen the supply of electrical energy to enable more than 1.5 million people to benefit from better access to electricity,” the minister said.

The crisis is in large part caused by regional powerhouse Nigeria limiting its electricity deliveries to Togo, Niger and Benin since May 1 for a period of six months.

Togo imports a large part of its electricity from Nigeria and is several million dollars in debt to Nigeria’s electricity operator, according to the operator’s accounts.

Besides the electricity infrastructure funding, the World Bank agreed to provide another $75 million to improve the management of Togo’s public sector human resources and finances.

It also allocated $23 million to provide further support to refugees, displaced persons and the communities hosting them in northern Togo.

Tags: TogoWorld Bank
Share15Tweet10Send
Previous Post

Oil prices likely to increase

Next Post

Israel targets Hamas’ military leader in Gaza. Who is he and what does it mean for the war?

Related Posts

India’s markets regulator dismisses insider trading case against Adani nephew
World

India’s markets regulator dismisses insider trading case against Adani nephew

December 12, 2025
US Fed dissenters flag need for more data, inflation risks
World

US Fed dissenters flag need for more data, inflation risks

December 13, 2025
Time Person of the Year 2025
MEDIA

Time Person of the Year 2025, Architects of AI, Sam Altman AI

December 13, 2025
India deploys personnel at IndiGo headquarters after mass flight cancellations
World

India deploys personnel at IndiGo headquarters after mass flight cancellations

December 10, 2025
Air India admits compliance culture needs overhaul after flying Airbus without permit
World

Air India admits compliance culture needs overhaul after flying Airbus without permit

December 10, 2025
India and EU will push for trade deal as deadline approaches, Indian minister says
World

India and EU will push for trade deal as deadline approaches, Indian minister says

December 9, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.