Last Monday, the five solar academies announced under the CIZO project effectively began operations.
A first batch of 450 students (90 dispatched across the five centres) started classes at the academies, according to a statement by Kya Energy Group, local startup picked to steer the project.
Overall, the firm should train 3,000 technicians (600 per academy) over six months to solar kit maintenance and installation techniques. The academies are situated in Lomé, Kpalimé, Sokodé, Kara and Dapaong.
Prior to the start of the classes, fifty technicians were trained.
Launched in 2017, the CIZO aims at providing electricity to two million Togolese by 2022. This figure was scaled up after the country’s national electrification strategy was launched in June 2018.
Togo Volailles is the name of the project developed by Heugan & Associés Négoces (Hans) SAS, Synergie Eurobec International (from Canada) and New Tech Distribution (France). This project was revealed last week.
In effect the project aims at boosting poultry production in Togo (then to other West African countries), make local poultry products cheaper and eventually reduce poultry import by 10% in the country and the region.
According to Daniel Ropert, from Synergie Eurobec International, “It is more costly to produce poultry in Togo than to import. However, prices of imported poultry are too high compared to purchasing power of Togolese. These are two factors that must be tackled. Local production costs must be decreased and this production will subsequently improve thus driving imports down.”
The project’s pilot stage aims at producing, every week, a million chicks and 300,000 broilers (set to rise to 1.5 million in the next five years). About 7,000 direct and indirect jobs should be created at this stage which requires an investment of XOF25 billion.
The project’s promoters now call out to investors, governments, development partners and financial institutions to secure the funds.
Séna Akoda
By 2022, Togo plans to undertake a deep reform of its road transport sector as it aims to make it more performant and professional.
In this framework, a meeting was held yesterday between actors, professionals of the sector, and international partners, such as the World Bank, that are backing the project.
Participants looked at key points of a four-month review of the sector led by the International Road Transport Union (IRU), as well as potential solutions which are to serve as guidelines for Togo to effectively transform its transport sector.
The review let’s note is part of a 41-month technical support program which is expected to improve legal and regulatory framework as well as boost capacities in the sector.
The reform, it should be emphasized, aligns with the first axis of Togo’s national development plan which aims at making the country a major logistics hub and first-class business centre in the region by 2022.
In Togo, the road transport sector handles more than 90% of goods and services moving across the territory. The government’s desire to modernize it and make it more competitive is thus quite justified.
Octave A. Bruce
A follow-up group for the past Africa-China Cooperation Forum (FOCAC) has been sent to China by the Togolese government, to track potential partnerships and investments for which foundations were laid at the time.
The delegation includes Samuel E. Mivedor, CEO of Togo Invest SA, Patrick Daté Tévi-Benissan, General Secretary at the Presidency, Etsri Homevor, General Secretary at the ministry of development planning and economist Koffi Sodokin. The group was recently at the head office of the China Road and Bridge Corporation.
The Chinese construction group had during the FOCAC said it was interested in handling the corridor project falling under Togo’s national development plan (which was presented at the event). China Road and Bridge Corporation is actually already operating in Togo, on the Lomé-Vogan-Anfoin road project and has also worked on the rehabilitation of the Amakpapé Bridge.
Séna Akoda
Nigerian mobility startup Max.ng recently raised $7 million to expand to 10 West African countries, boost its steam and develop in the coming years a transportation and delivery system using three-wheelers.
The money was secured from a group of African and non-African investors, includng capital-risk firm Novastar Ventures and Japanese company Yamaha Motor Co.Ltd. Adding the recent proceeds, Max.ng has successfully raised $8.5 million so far.
MAX is building technology infrastructure and financial services to make mobility safe, affordable and accessible to 1 billion Africans
The Nigerian firm, according to co-founder Adetayo Bamiduro, “is building technology infrastructure and financial services to make mobility safe, affordable and accessible to 1 billion Africans.”
MAX targets the sub-Saharan Africa market which it values at $80 billion. In West Africa, the startup will settle in Ghana and Côte d’Ivorie and add new types of vehicles, such as watercrafts and three-wheeler taxis, to its fleet.
It should be noted that this year alone, two Nigerian mobility startups, Gozem and Kobo360, entered the Togolese market. MAX could thus be the next.
Ayi Renaud Dossavi
For the third consecutive year, Lomé’s port (PAL) has been recognized by the African Ports Awards foundation as the best transshipping port in West and Central Africa.
The port received the award at the 40th annual council of the West and Central Africa Port Management Association (AGPAOC), held from June 17 to 20 in Lomé.
Besides this, the infrastructure was recognized as the port with the highest traffic volume increase, in the region.
Lauding the awards, Togo’s port authorities indicated they reflect efforts made to modernize Lomé’s port over the recent years but also added the recognition will drive them to keep pushing to make the PAL a true tool to accelerate regional integration.
“Now more than ever, the State has a major role to play to boost the port’s competitiveness, by launching mechanisms for concession and regulation of maritime and port activities,” declared Fogan Adegnon, Managing Director of PAL.
Besides Lomé’s port, the port of Tema in Ghana was recognized as that with the most productive container terminal in Central and West Africa. Meanwhile, Cotonou’s port in Benin is the best in regards to transit. The awards were given based on data provided in 2016, 2017 and 2018 by Codex, the African ports rating agency.
The three ports distinguished themselves in a pool of 24 ports, situated in West and Central Africa, along the coast going from Mauritania to Angola.
A total of 115,880 businesses are currently active in Togo. This figure was disclosed last week by the national statistics institute, INSEED, quoting the latest global business survey carried out across the country.
The survey found that 85.5% of the listed businesses operate in the informal sector.
In details, the Grand Lomé region hosts most businesses operating in the country (63.4%). Nipping at its heels is the Plateaux with a percentage of 10.1%, the maritime region (outside Grand Lomé) with 8.3%. Closing are respectively Kara, the Central region and the Savanes region with 6.8%, 6% and 5.4%.
Launched between January and March 2018, by the ministry of planning, development and cooperation, the study aimed at providing the government with an updated registry of businesses operating in the country. The drive behind this move was the improvement of business climate and achievement of goals set under the national development plan (PND).
The initiative was financed by the government, European Union and the World Bank (all three parties gathered XOF960 billion for this purpose).
Next Friday, Togo will proceed to a last issuance of fungible treasury bonds on the regional financial market. According to UMOA-securities which disclosed the information, the country will try to raise XOF20 billion through the operation.
The latter will mature over 36 months and its interest rate is 6.25% while nominal value per unit security is XOF10,000.
Subscribed securities will come into value starting from July 1, 2010 while reimbursement should end June 3, 2022.
This operation will be the last for the current quarter during which Togo performed well on the regional financial market.
Séna Akoda
The portfolio performance for the PASA and PPAAO, two projects financed by the World Bank in Togo, has improved during the first quarter of 2019. This was disclosed by the institution’s representative resident, Hawa Cissé Wagué, on June 20 at a mini-review of projects the World Bank finances in the country.
The representative attributes the improvement to “actions undertaken by all parties involved in the projects’ implementation,” before adding that “the rate of disbursement has risen to 19%, which is above the average in Africa.”
PASA, the agricultural sector support project, let’s recall cost more than XOF26 billion and aims at boosting Togo’s agricultural output. As for the PPAAO, it focuses on improving mechanisms and processes for the expansion of improved technologies in the agricultural sector. It cost more than $17 million, $12 million of which was provided by the World Bank.
Ayi Renaud Dossavi
On June 14, 2019, Lionel Zinsou, Benin’s former prime minister and managing partner at SouthBridge Group took part in a panel entitled “Togo, le centre d’affaires, d’investissement et de la haute finance émergente d’Afrique de l’Ouest” (Togo : The emerging business, investment and high finance hub in West Africa). This was on the second day of the first Togo-EU economic forum in Lomé.
During the panel, the former manager of the large investment fund in mainland Europe presented Togo’s comparative advantages.
According to him, the reforms operated since 2010 to modernize key infrastructures such as the Port of Lomé, have paid off.
“Togo is exceptionally ahead on every subject related to maritime safety and blue economy,” Lionel Zinsou said.
He indicated that thanks to this advance, the country has comparative advantages to fulfil its ambition which is to make Togo a logistics and financial hub.
Lionel Zinsou said he was impressed by the way Togo matches words with actions.
“Togo says what it does and does what it says,” the Franco-Beninese said with satisfaction. He also revealed that the promptness in the implementation of those reforms “impresses everyone in Europe.”
These breakthroughs, the Afro-optimism’s flag-bearer attributes them to President Faure Gnassingbé’s leadership.
“Port of Lomé is above all the president’s vision… It is only here and in Kribi that 8,000-container ships can be received,” he said.
Indeed, between 1968 (when the last wharf was dismantled in Lomé) and 2019, the port platform has become one of the most important transhipment ports in the sub-region.
“Port of Lomé is a good example because, in Lomé, there are people who have invested and will continue to invest billions of dollars in the port platform,” Lionel Zinsou said.
He advises Togolese authorities to also attract Mauritius banks, focus on professional training for financial services, promote bilingualism and strengthen infrastructures, in the telecommunications sector notably, to make the economy attractive.
As a keynote speaker for the panel, there was Ade Ayeyemi, Ecobank group’s managing director. The participants included Dominique Strauss-Kahn, former managing director of the IMF, and Ronke-Amoni Ogunsuliré, country manager at the IFC for the West African region. The exchanges were moderated by Paul-Harry Aithnard, managing director of Ecobank Côte d’Ivoire.