Known for its eponymous transport and delivery app, the Gozem startup recently revealed plans to offer digital banking and lending services.
In effect, the company wants to enable its users to exchange cash for mobile money, via the Gozem app. "What we are trying to offer is an integrated portfolio solution included in a group of different services,” the startup explained.
Gozem’s projected banking offer will resemble that of SafeBoda, the Uganda-based two-wheel transport platform. With it, the Lomé-based firm intends to revolutionize technology in Francophone Africa. "Almost 95% of the money and attention concentrates in four, five African countries... Nigeria, Ghana, Kenya, South Africa, Egypt," noted Gozem co-founder Raphael Dana, while pointing out that "French-speaking Africa is a bit left out on all the important tractions.”
To win its bet, Gozem plans to leverage its existing network of drivers and sellers which spreads across 13 cities in the French-speaking Africa region.
Let’s recall that Gozem recently raised CFA3 billion to expand this network further and develop its products.
Esaïe Edoh
Gabon and Togo are looking for new ways to boost their cooperation for the benefit of their respective populations. A meeting was held in Lomé last week in this framework. It was chaired by the Togolese Prime Minister, Victoire Dogbé, and her Gabonese counterpart, Rose Christiane Ossouka Raponda, who was in Togo on a 48-hour official visit.
Participants discussed topics related to various sectors, including agriculture, the digital industry, and the wood sector, among others.
Relative to agriculture, the two delegations stressed the need to have a participative strategy, a national plan to allocate lands, and a fishery exploitation system. They did so after reviewing issues related to the sector’s potential, production, investment opportunities, the infrastructure servicing farming areas, the energetic cost of processing facilities, land, and importing fishery products.
Regarding digitization, the Gabonese and Togolese officials said they need to launch cooperation axes to implement the different components of the Novissi project as well as innovative ways to handle the health crisis in Gabon.
For the wood industry, both parties committed to continuing talks about a memorandum of understanding toward establishing a cooperation framework that will foster legal supply and acquisition of wood between them. In line with this objective, Togo intends to, according to its presidency, “emulate Gabon’s successful strategy regarding wood processing, and proceed to the efficient installation of a wood-processing unit at the Adétikopé Industrial Platform (PIA).” In this regard, “the State of Togo will also be able to benefit from Gabon's carbon credit mechanism, which will enable it to support its reforestation plan.”
During Gabon’s PM visit, her delegation visited the Grand Lomé technical landfill. Credible sources reported that they subsequently expressed interest in taking advantage of Togo’s experience in terms of urban waste management.
Officials from the two nations also discussed issues about inclusion and social protection, communication, transport, maritime economy, and institutional relations.
Togo and Gabon, let it be recalled, have been cooperating for several years, notably in the above-mentioned sectors.
Esaïe Edoh
Last Saturday, Togolese startup Confordia launched Confordia.com, a platform that handles accommodation and events. The launch took place in Lomé, the Togolese capital.
The platform, according to the platform’s promoters, was launched because they identified a demand for the service - accommodation seeking (furnished apartments and hotels) in Togo, especially within its inland areas. "Visitors often express this need, but there is no digital solution to meet their expectations. Our initiative is, therefore, a solution to this need," said Anselme Efu, MD Confordia and the man behind Confordia.com. The startup already boasts 70 partnerships with accommodation facilities in Togo.
Besides accommodation, Confordia also “helps organize events, from the planning stage to the effective launch, handling logistics and equipment delivery, or providing auxiliary services like providing hostesses, decoration, catering, and more,” Efu revealed.
How does the platform work ?
First, users need to fill a form on the website, 48 hours later, they receive available offers matching the information that was provided on the form. While facilitating interaction between businesses and individuals, Confordia does not charge its users. Soon, the company plans to introduce digital payment tools.
It should be recalled that Anselme Efu, Confordia’s boss, won the Digital Marketing award at the 2019 Afro Marketers Awards.
Séna Akoda
Over the past three years, the quality of landline internet has improved significantly in Togo. This is reflected by greater access to fiber optics in Lomé, and major investment commitments by operators. Togo First looks at the progress made in the sector in this article.
Access to landline internet bolstered amid Covid-19
The number of landline Internet subscribers in Togo increased by more than 65% to 52,707 in 2020. This surge, fostered by the social distancing measures linked to the Covid-19, was mainly driven by Togo Telecom and GVA Togo (Canalbox). While Vivendi's subsidiary was the main driver of this growth (+207%), the subscriber base of the Togolese incumbent operator has also increased considerably, up 38% to more than 32,500 subscribers.
Canalbox drives growth in the sector
Sustaining its 2019 upward dynamics, Canalbox - Togolese subsidiary of Vivendi group - more than tripled its number of fiber-optic customers in 2020. From 5,945, the figure soared to 18,720 (+207%). While impressive, this performance is still lower than the growth recorded in 2019, knowingly 404% (1,180 in 2018 against 5,945 in 2019).
In terms of revenue generated, the Internet Service Provider reached almost a billion CFA (990 million) in 2020, up by 230% compared to earnings generated in 2019 (where the figure had jumped by more than 400%).
Fiber-to-the-home: Canalbox overtakes Togo Telecom
Canalbox, therefore, snatched the place of the best provider of fiber-to-the-home (FTTH) internet from Togo Télécom last year. This is despite the latter gaining 56% (reaching 11,124) more customers over the period reviewed. On that segment, Canalbox’s subscriber base has passed the 18,000 mark.
Togo Telecom still leads ADSL and dedicated lines markets
Although it has lost its leadership position in the optical fiber segment, the incumbent operator continues to control the other access technologies. For ADSL, subscriptions have risen by 35%, while connections via dedicated lines have increased by 42%.
Togo Telecom alone accounts for more than 68% of landline Internet subscriptions, compared with 38% for CanalBox. Better still, with a turnover of 7.6 billion FCFA, up 35%, the TogoCom subsidiary now holds 86% of that market, far ahead of GVA (990 million FCFA, 11%), CAFE Informatique (227 million FCFA, 2.6%) and Teolis (42 million FCFA, 0.5%).
Café Informatique continues its fall from grace
Last year, Café Informatique lost more customers while the other ISPs active in the country experienced a pandemic-induced boom. From 2,334 clients in 2019, the company which is headed by Jean-Marie Noagbodji had 1,768 clients in 2020. The downward performance also spread to the firm’s income; it fell by 33% to 227 million FCFA from one year to the other.
“No-investment” policy
Besides Togo Telecom which increased its investments in 2020, other operators were prudent in 2020, lowering their spending.
Fiacre E. Kakpo
Affoh Atcha Dedji, the Togolese minister of transport, represented Togo at the 33rd plenary session of the African Civil Aviation Commission in Kigali, Rwanda. During the event, he stressed the need for African countries to adhere to the Single African Air Transport Market (SAATM).
Dedji also talked about the benefits of the SAATM which already has 35 members.
Launched in 2018 by African heads of state and government, the SAATM falls under the African Union (AU) 2063 Agenda. Its main goal is to liberalize and unify African airspaces. As such, it should increase connectivity on the continent and promote the development of the aviation sector, tourism and trade.
President Faure Gnassingbé was picked as the AU’s champion for the initiative.
Esaïe Edoh
The Togolese ministry of education will start building 30,000 classrooms across the country on December 20, 2021. The project is named “Increasing school capacity”.
The head of the ministry, Komla Kokoroko, said it will also include rehabilitation works and the supply of equipment. The project aligns with the government’s 2020-2025 roadmap.
According to our sources, the government gives special attention to education in Togo. As such, this year, the sector was allocated CFA195.5 billion or 25.1% of the budget set for ministries and public institutions in the country. This is against CFA123 billion (16.3%) in 2020.
Esaïe Edoh
Lomé will host the seventh edition of the Gabon-Togo mixed commission. The request was made Thursday by Gabon’s PM, Rose Christiane Ossouka Raponda, as she met with the Togolese President, Faure Gnassingbé.
While the date of the event is yet to be disclosed, it is known that it will gather officials from both countries who will share their experience towards achieving their respective development goals.
The upcoming event should help Togo and Gabon “define new mechanisms to leverage investment and development opportunities to profit the people of these sibling countries.”
Last Monday, Togolese and Gabonese ministers had a working session in the framework of the event. It took place in Lomé. On the occasion, they discussed mainly issues related to youth, women, the environment, sustainable development, and digitization.
It should be recalled that the two States cooperate in many areas, including wood. Last July, they signed a memorandum of understanding to ease the export of wood products from Gabon to Togo.
Esaïe Edoh
Ghana and Nigeria just reported their first cases of the Covid-19 Omicron variant, which was first identified in South Africa.
Nigeria, the most populated country of the continent, made the announcement on December 1st. It confirmed three cases, among travelers who came from SA last week. The Nigerian Center for Disease Control (NCDC) revealed the information in a statement.
On the same day, Ghana, Togo's direct neighbor, announced its first Omicron variant cases in travelers from Nigeria and South Africa. This was revealed by the Ghanaian health authorities.
If these discoveries coincide with a visit of the South African President Cyril Ramaphosa in Abuja, Nigeria, as part of a West African tour, they also come at a time when many countries in the world are taking restrictive measures towards passengers coming from South Africa, because of the new variant.
For the time being, Togo has decided to impose a mandatory 72-hour quarantine on passengers coming from the Rainbow Nation, as the virulence of the new variant sparks debates among experts.
Ayi Renaud Dossavi
Togo’s Prime Minister, Victoire Dogbé, is meeting her Gabonese counterpart, Rose Christiane Ossouka Raponda, today. The meeting which takes place in Lomé will be prolonged to December 3. The Gabonese official was invited by Dogbé to discuss the strengthening of bilateral cooperation and friendship between Gabon and Togo, official sources indicate.
"This visit will be an opportunity to study the possible synergies to be implemented to address common issues in the areas of economic transformation, youth training, promotion, and empowerment of women," the Gabonese primacy indicated.
Let’s recall that two months ago, on October 20 and 21, the Togolese PM was in Gabon where she met various officials, including the Gabonese PM, to discuss key topics like agricultural development, digital transformation, energy, women empowerment, and gender equality.
A delegation from the Millennium Challenge Corporation (MCC) met with the Togolese Prime Minister. The meeting which took place in Lomé aimed at reviewing the MCC’s threshold program in Togo.
Other significant participants present included Sani Yaya (Togo’s minister of economy), Cina Lawson (minister for the digital economy), Payadowa Boukpessi (minister for territorial administration), Stanislas Baba (country coordination of the MCA in Togo), Malick Natchaba (Secretary-General of the Government). There was also the U.S. ambassador in Togo, Eric Stromayer.
"We have noted satisfactory progress by the Togolese government about the reforms made in the ICT sector and also in the land sector. We have here a government that is committed, that has introduced some reforms and can introduce even more, and we are going to work together," said Mahmoud Bah, MCC's Acting CEO.
"We have been working on the terms of reference on which the government is currently reporting and we are confident that we will have a roadmap that will lead us to concrete results in the coming months. We believe we have a strong partnership with Togo, with a government that has a clear vision of inclusive development," he added.
The MCC delegation and the Togolese government are expected to draw a roadmap to achieve concrete results relative to the implementation of the Threshold Program in Togo, especially in the land and ICT sectors.
Funded by the U.S. Department of State ($35 million or about CFA20 billion), the Threshold Program mainly aims to stimulate economic growth and reduce poverty. It has two components : the ICT (Information and Communication Technologies) reform project and the land reform project. While the former aims to improve business efficiency, productivity, investment and growth through improved access to high-quality ICT services at a reasonable cost in Togo, the latter is expected to accelerate agricultural productivity towards improving land tenure security and increasing investment in agriculture.
The grant agreement was signed on February 14, 2019, and the program started in November 2020.
Ayi Renaud Dossavi