• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Sunday, January 11, 2026
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

EU countries override France to greenlight Mercosur trade deal
World

EU countries override France to greenlight Mercosur trade deal

January 11, 2026
US job growth stuck at stall speed in December; unemployment rate dips to 4.4%
World

US job growth stuck at stall speed in December; unemployment rate dips to 4.4%

January 10, 2026
India markets watchdog exempts small brokers from technical glitch rules
World

India markets watchdog exempts small brokers from technical glitch rules

January 10, 2026
Trump says he will ban Wall Street investments in single-family homes
World

Trump says he will ban Wall Street investments in single-family homes

January 8, 2026
Trump’s oil push widens with seizure of Russian-flagged tanker linked to Venezuela
World

Trump’s oil push widens with seizure of Russian-flagged tanker linked to Venezuela

January 8, 2026
India seeks fare data from airlines as part of IndiGo antitrust scrutiny
World

India seeks fare data from airlines as part of IndiGo antitrust scrutiny

January 7, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 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

    55 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

    48 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.