Togo First

Togo First

The Economic Community of West African States (ECOWAS) took another step towards the operationalization of its competition authority. On March 22, the Advisory Committee of the ECOWAS Regional Competition Authority (ARCC) gathered in Lomé to launch the analysis and validation of this operationalization.  

During the five days that the meeting will be held, delegates from ECOWAS member states will also examine various drafts that will define the legal framework of the ARCC's interventions on the regional market. 

"This committee will then ensure that rules regulating trade competition, at the regional level and in every Member State, are respected," said Tèi Konzi, Commissioner for Trade and Customs Union of ECOWAS.

This decisive step towards the operationalization of the ARCC and its potential launch in Q1 2022, is an additional impetus to boost economic integration and trade among ECOWAS member states. Beyond the regional framework, the operationalization of the regulator will strengthen the legal and institutional framework to facilitate intra-African trade.

Klétus Situ

The government of Togo launched a call for expression of interest to conduct feasibility studies for investment operations in Dapaong. Interested firms have until May 4, 2021, to submit their bid. 

In effect, the studies will help determine if the area is fit for the various activities the PIDU (Project d’Infrastructures et de Développement Urbain) plans to develop there. In addition, the firm hired will assess institutional and organizational aspects of the project, related environmental and socio-cultural challenges, as well as issues surrounding communities face and ways to tackle them; all these with the aim of producing concrete results and serving these communities. 

A few months ago, it should be recalled, Koffi Tsolenyanu, minister of Urbanism, Housing, and Land Reform was in Dapaong. At the time, the official had declared that “it’s not that the budget reserved for infrastructure in Dapaong has been canceled but the fact is that selected sites are not appropriate.” Tsolenyanu emphasized that future projects could have negative social and environmental impacts on populations. 

In fine, the scheduled feasibility studies should enable the government and its backer for the project - the World Bank - to establish appropriate conditions to deploy the PIDU in Dapaong and better target investments to be made. 

Séna Akoda

The information was tweeted this weekend by Shegun Adjadi Bakari, Advisor to the President of the Republic of Togo Faure Essozimna Gnassingbé, in Energy.

The solar photovoltaic plant, built by Amea Togo Solar, a subsidiary of Amea Power, will increase the country's installed capacity to 265 MW, says the AT2ER. It will provide electricity to 600,000 households and 700 small and medium-sized enterprises (SMEs). 

Also, it will enable Togo to get closer to its 2030 universal power coverage and increase the share of renewables in the energy mix to 50%. 

The project, which translates the government’s efforts to cut Togo’s dependence on external power suppliers, will create many jobs. 

Séna Akoda

Last Friday, Togo again recorded an oversubscription for its issue of fungible Treasury bonds to recover from the Covid-19 pandemic. Lomé raised around CFA54 billion and retained CFA22 billion through the operation, according to figures released by the UMOA-securities agency. 

This is the third issue of the country as part of its post-Covid recovery plan. It confirms the country’s status as a good issuer. 

According to the UMOA-securities agency, the operation falls under the public securities issuance program launched by Togo in line with its mid and long-term debt management strategy. 

Séna Akoda

On March 18, Togo launched the 50 Million African Women Speaking Program (50 MAWSP). This is a professional social network for women entrepreneurs. 

According to the AfDB which is behind the project, it aims to contribute to the economic empowerment of women by providing a networking platform that will allow them to access information on financial and non-financial services. More specifically, the project aims to build a platform to improve the capacities of women entrepreneurs to work in a network, share information, and have better access to financial services. The Togolese ministry for social action, women empowerment, and alphabetization is also invested in the project.  

The network concerned should regroup millions of women from three regional economic communities, knowingly the Common Market for Eastern and Southern Africa (COMESA), the Economic Community of West African States (ECOWAS), and the East African Community (EAC). The latter -EAC – is in charge of coordinating the project's implementation.  

Overall, nearly $14 million was disbursed by the African Development Fund to build the platform.  

Klétus Situ

On Wednesday, March 17, Togo's foreign affairs minister, Robert Dussey, met with the German minister for economic cooperation, Gerd Müller. This was in Berlin.  

During the meeting, the two men talked about ways to strengthen economic ties between the two countries. In this framework, they signed a letter of intent to accelerate reforms falling under the G20's Compact with Africa (CwA) program.   

Launched in 2017, the CwA aims to boost private investments in Africa, especially in infrastructure. In detail, the program's goal is to attract more private investments by significantly improving financial, commercial, and macroeconomic environments, through specific reforms. In Togo, the CwA allowed the country to get around €25 million for the Cizo rural electrification project. 

It should be emphasized that in recent years, the Togo-Germany cooperation focused mainly on decentralization and local governance issues. Two flagship projects are underway in these areas: there is the Decentralization Support Project on Togo, which is led by the German development bank (KfW), and the Decentralization and Local Governance Program (ProDeGol), steered by Giz. 

Klétus Situ

Togo is the country where doing business is the easiest.” These were the words of President Faure Gnassingbé at the opening of the 2021 Economic Forum of the Council of French Investors in Africa (CIAN). 

The Togolese leader, while highlighting his country's performance in the latest Doing Business report and its resilience amidst the ongoing pandemic, reminded of Togo's ambitions regarding foreign direct investment and efforts made to improve the business environment. 

Togo now enjoys the trust of foreign lenders and investors, and this is why some famous international firms have decided to invest in Togo, among them are Bolloré, Eranove, Total, Olam, Canal Plus, Dangote, Agou Holding, HeidelbergCement, Gnassingbé declared.

Let it be recalled that under its national development plan (PND), Togo hopes to attract more than $5.4 billion of private investments. Given that the local private sector is still underdeveloped, Lomé intends to secure most of these funds from foreign investors.

Klétus Situ

In Togo, representatives of the public administration, economic operators, and trade union leaders, began on March 17 in Adétikopé (a northern suburb of Lomé), a workshop to draw a draft collective agreement for sea traders.

The works, launched by Ismaël Komi KODJO, Director of Cabinet of the Minister of Maritime Economy, Fisheries, and Coastal Protection, will last three days. Stakeholders present at the meeting should agree on a first framework document taking into account the living and working conditions, placement, contracts, vacations, training, conflict management, social guarantees, and retirement of seafarers and other workers at sea.

For the government, this is an intermediate step before the final adoption of a new legislative framework in the sector. "The collective agreement of seafarers takes into account all the problems related to marine work. The document that will come out of this meeting will be subject to another validation workshop before its final adoption by the government," said Matchonnawè BAKAI, Director of Maritime Affairs at the Ministry of Infrastructure and Transport.

Meanwhile, unions are pleased with the recognition of status. "This is about showing respect to the maritime heritage by promoting decent living and working conditions for seafarers and improving transport at sea," said Paulin Beguedou, captain and president of UMATO (Union of Seafarers of Togo).

The collective agreement, it should be noted, will consolidate the maritime legislative framework governing the law of December 13, 2006, on the code of sea labor and that of October 11, 2016, on the code of the sea trade in Togo.

Klétus Situ

Togo, Nigeria, and Ghana are harmonizing professional skill standards in the following sectors of activity: plumbing, masonry, and poultry farming.

Indeed, experts from these countries are gathered in Lomé, since Tuesday, for a 5-day workshop dedicated to this project. Concretely, participants are working to design a regional trade and professional activities repository.

"Togo will work on the poultry side, Ghana on plumbing, and Nigeria will work on masonry," said Eké Odin, Togo's Minister of Technical Education and Handicrafts; so in the end, Togo will have three documents, and each country will have three as well.

At the end of the workshop, documents produced by each country will be harmonized. This way, training certificates delivered in the concerned sectors will be valid across Togo, Ghana, and Nigeria. Thus, any young skilled worker from any of the countries can migrate to the other.

As a reminder, this project aligns with a larger one funded by the EU and ECOWAS - the "Support for the free movement of persons and migration in West Africa" - and Scale-Up, which is financed by Norway.

Ayi Renaud Dossavi

Friday, 19 March 2021 08:36

CEET and CIMTOGO warn against scammers

Togo's power utility, Compagnie Energie Electrique du Togo (CEET), and the cement producer Cimtogo - subsidiary of the HeidelbergCement Group - have issued two separate press releases denouncing scams featuring their brands.

The CEET said some ill-intended individuals have been, supposedly on its behalf, promising people it will launch or accelerate the process to get them connected to the grid, in return for money, in cash form or via Flooz and Tmoney.  

It's a scam! warns the utility after receiving many complaints from the fraudsters' victims.  It then reminded the public that all payments relative to connection, or the installation of meters and others are made at the CEET's cash offices, with no extra fee charged. The CEET also issues receipts for all its operations.

In the same vein, CIMTOGO warned its customers against a fake promotional campaign called "Gift Cement" that is going on.

The company noted that "it is not the initiator of this campaign and is neither closely nor remotely associated with the initiators, under any partnership. Also, it stresses that it recognizes only its partners, holders of approvals for all wholesale of its products throughout the territory."

Séna Akoda

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