Gabon and Togo join Commonwealth
08 July 2022 |
5:07 am
The Commonwealth has admitted Gabon and Togo as its 55th and 56th members respectively. Both countries are former French colonies.
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After the Togo-EU Economic forum, Ronke Amoni-Ogunsulire expects that the country's brand will improve, and attendees will leave with new knowledge of its development. CNBC Africa's Christy Cole caught up with her on the side-lines of the forum for a chat on what the country's next steps should be.
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Togolese have cast their votes following protests in 2017 and 2018 against President Faure Gnassingbe's rule. Last year, Gnassingbe reformed the West African nation's constitution so he could lead until 2030.
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Incumbent candidate Faure Gnassingbé has won his fourth presidential term. Both the president and challenger Agbeyome Kodjo had previously declared victory.
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Preliminary result from Togo’s Electoral Commission shows the country’s President, Faure Gnassingbe, with a strong lead of 72 per cent of the vote. Samson Itodo, Executive Director of Yiaga Africa, an organization that monitors election in Sub-Saharan Africa joins CNBC Africa for more.
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The Togolese government is taking part in the G-20 Debt Service Suspension Initiative, which suspends payments to bilateral Paris Club creditors from the first of May till the end of the year 2020. Ratings Agency, Moody’s says Togo’s participation in the initiative offers short term liquidity relief but poses risks for the private sector. Lucie Villa, Vice President and Senior Credit Officer at Moody’s joins CNBC Africa for more.
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