Togo First

Togo First

The European Commission’s Vice President, Jyrki Katainen, will co-chair the opening ceremony of the Togo-EU economic forum which will take place in Lomé on June 13-14, 2019.

Katainen, in this framework, urged European investors to “cease this unique opportunity to diversify their investment portfolio and expand their footprint towards a win-win partnership between the European Union and Togo.”

The event falls under the EU’s new external action paradigm, one enacted via the launch of the European Union’s Investment Plan. The latter aims at boosting European private investment, through a new “Africa-Europe Alliance for jobs and sustainable investments.”

This alliance for its part is intended to deepen trade and economic ties between the EU and Africa, by focusing EU’s external action on easing investment and creating jobs in Africa. In this regard, the coming forum should enhance “the mobilization of private funds to generate growth and jobs in Togo.”

Various EU financings to support private investment will be presented at the forum. Also, 100 projects, over about 400 submitted, could be selected and financed by potential European investors on this occasion. 

Séna Akoda

A total of 391 applications were submitted in response to the call for projects relative to the coming EU-Togo economic forum. Out of these, 100 will be selected by the event’s organization committee.

Projects submitted are in the following sectors: agro-food, agriculture, banking and insurance, construction and related materials, trade, services, transport and logistics.

Selected applicants will present their projects to potential investors at B2B meetings that will take place during the forum. The event aligns with Togo’s national development plan and will serve as a connection platform for Togolese and European investors.

It is to be held next June 13-14, in Lomé. Nearly 400 participants, including 300 investors from the EU and Togo are expected to attend.

Ayi Renaud Dossavi

To tackle global warming effects, the PNUD will inject $500,000 in a project that will help Togo implement its intended nationally determined contribution (INDC) in line with the Paris Agreement. The objective here is to turn the INDC into an investment plan pegged to the country’s national development plan.

This was disclosed by the PNUD’s communication cell, after a meeting May 20 between Aliou Dia, resident representative of the institution in Togo, and David Olatokoun Wonou, minister of environment and sustainable development. 

The ministry plans on shortly sending a support request to the INDC Partnership which Togo is a part of, in regard to the project. The latter, in the long term, should boost the country’s resilience against climate change.

The Paris Agreement is the first global agreement aimed at tackling global warming. It was adopted at the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change (COP21), in Paris.

Séna Akoda

Yesterday, the West African division of International Francophonie Organization (BRAO-OIF) started in Togo a workshop on emerging technologies. The four-day event is held at Woelab Prime, a tech center founded by Togolese architect Sénamé Agbodjinou.

Participants will learn about technology trends currently shaping the digital world, startups’ model in relation to innovation and entrepreneurship, impact and opportunities associated with artificial intelligence and Big Data, and will hear testimonies of some startuppers operating in Togo.   

Besides Togo, the workshop will take place in Gabon, Madagascar, Senegal, Egypt and Romania. According to the BRAO-OIF, it aims at enabling digital actors in the above countries to learn more about their professional perspectives in a world that presently undergoes digital transformation.

Ayi Renaud Dossavi

Last Friday, a workshop on Leadership, Citizenship, and opportunities related to the 2018-2022 national development plan (2018-2022 PND) was held. This was in the Amou prefecture (168 km north of Lomé)

The meeting’s theme was “challenges related to the PND and opportunities for youth.” It is part of a battery of workshops organized by the ministry of youth aiming to inform Togo’s youth about key projects and job opportunities relevant to the PND.

The workshops will take place in about 10 prefectures targeting 150 youths per community.

The next prefectures targeted are Vo, Avé, Danyi, Sotouboua, Mô, Dankpen, Binah, Kpendjal and Cinkassé.

Ayi Renaud Dossavi

Togo’s minister of posts, digital economy and technological innovations received last Saturday, the Alumni Public Service Award from Harvard Kennedy School (HKS). She thus becomes the first female African political figure to win this award.

What great honor to receive today the Harvard Kennedy School Alumni Public Service Award, the Togolese official declared. “I hope this prize will inspire a generation of African women and young leaders pushing them to commit to improving others’ lives, she added.

She was awarded for contributing to the development of ICT and digital industry in Togo, using them for the profit of social causes. For example, she launched Campus WiFi, a project that provides free access to broadband internet in all public universities and health facilities in the country. There is also Eco CCP, a mobile money savings account, the digital work environment (ENT) which benefits high schools, etc.

The Alumni Public Service Award, which is given to former students who “greatly improved human condition at local, provincial, national or international scale, is the second prize received by Lawson after the first place of Napoléons Awards, under the women category. 

Séna Akoda

Some European firms regrouped at the end of last week in Lomé, to discuss the creation of a Togo-EU chamber of commerce.

This chamber should help boost trade between the two entities, making their relationship more sustainable as well.

Actually, a memorandum of understanding to this end is expected to be signed by the Togolese chamber of commerce and industry (CCIT) and its European counterpart at the coming Togo-EU forum, next June 13-14.

The forum should also help raise funds to finance Togo’s 2018-2022 national development plan (PND 2018-2022). Fund needs for this plan amounts to XOF4,622 billion, two-thirds of which (XOF3,000 billion) are expected from the private sector.

Overall, 400 participants, including 150 European economic operators are accepted at the event.

Séna Akoda 

The African Development Bank (AfDB) has invested so far XOF199.780 billion in Togo, according to data updated this month. This was revealed May 16 by Togo’s finance minister, Sani Yaya during a session to review the institution’s portfolio in Togo.

In effect, the funds were spent on 12 projects revolving around economic reforms, agro-food processing (agropoles), road rehabilitation and coast preservation, etc. Completion rate of these projects is at 58.1% at the moment.

The pan-African lender also targets the environment, social and power sectors. In the latter, AfDB supports Togolese authorities’ ambition to achieve 40% electrification rate by 2022, covering 300,000 households.

The recent assessment helped pinpoint some weaknesses according to AfDB’s resident representative in Togo. These concern for example procurement provision, failure to meet deadlines set to complete projects, and failure to justify on time how funds are used.

Séna Akoda

South African Diges Group, which designs, makes and manages hydraulic infrastructures will help Togo with its clean water project.

Recently the firm inked with the country’s minister of water, Antoine Lekpa Gbegbeni, a memorandum of understanding in this regard.  

Let’s note that under the third axis of Togo’s 2018-2022 national development plan, authorities want to provide access to drinking water to more than 80% of the population.

The recent signature takes place two months after President Gnassingbé visited South Africa. There, he met local business operators to discuss potential investments in his country, among others.

Ayi Renaud Dossavi

Friday, 17 May 2019 15:09

Asky launches mobile App

Lomé-based airlines Asky has launched its mobile app which is available on Android and iOS.

In a recent statement, the carrier said the app can be downloaded on its website or directly on the iOS AppStore and Google Play Store. On the mobile platform, Asky’s customers can purchase flight tickets, make reservations, check tariffs and services, join the company’s “ASKY Club” fidelity program, and even rate services.  

The new platform aims at saving time for Asky’s customers and meeting their growing needs.

Asky currently serves 22 cities in 20 countries, in West and Central Africa.

Ayi Renaud Dossavi

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