• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 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

Russia’s Sberbank seeks to boost imports, labour migration from India after Putin’s visit
World

Russia’s Sberbank seeks to boost imports, labour migration from India after Putin’s visit

December 4, 2025
Tariffs, AI boom could test global growth’s resilience, OECD says
World

Tariffs, AI boom could test global growth’s resilience, OECD says

December 3, 2025
India’s Adani Group eyes $10 billion fundraise in FY27, official says
World

India’s Adani Group eyes $10 billion fundraise in FY27, official says

November 28, 2025
India expects trade deal with US by end of year, senior official says
World

India expects trade deal with US by end of year, senior official says

November 29, 2025
India approves $816mn rare earth permanent magnets manufacturing programme
World

India approves $816mn rare earth permanent magnets manufacturing programme

November 26, 2025
Niketa Patel Press Freedom at CPJ International Awards
MEDIA

Niketa Patel Highlights Press Freedom at CPJ International Awards

November 26, 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

    47 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.