According to data from the Nigerian Ports Authority (NPA), volumes of oil and food products as well as building materials and other goods passing by the port of Lomé to reach Nigerian ports have increased by 181% in 2017.

This is mainly due to the fact that the Togolese port is the only deep-water port of the region and the only one along the West African coast through which goods can be sent in a single day, to many of the region’s capitals.

This major advantage, paired with the Togolese government’s efforts to make Lomé a true logistics hub in West Africa, has led to the implementation of many reforms at the port in the past few years.

These include for example simplification of processes, slight reduction of handling delays, modernization of the port with the construction of a third dock; Achievements which subsequently helped cut costs and make the infrastructure more competitive.

Also in sight of these reforms, the UNCTAD recently released a report where it ranked the Port of Lomé as one that recorded the most progress in the sub-Saharan Africa region, in terms of maritime connectivity.

Fiacre E. Kakpo

World Bank’s private sector arm, the International Finance Corporation, promised last Monday a $60 million financing to the Bank of Africa group (BOA).

This facility will be used to cover half of risks on a $120 million loan portfolio targeting SMEs across eight African nations, including Togo.

Half of the funds will be allocated to women-led businesses, and projects fighting global warming.

IFC’s director for Africa, Oumar Seydi said “the facility will help BOA grant more than 5,000 loans, over the next five years, to SMEs that actually have difficulties securing loans”.   

Let it be noted that the financing could not have been possible without the support of the Women Entrepreneurs Opportunity (WEOF) which was initiated by IFC via its Banking on Women program. Beside Togo, other countries that will benefit from the funds are Burkina, Ghana, Madagascar, Mali, Senegal and Tanzania.

BOA-Togo, let it be recalled, is the group’s 16th subsidiary and it started operating in 2013.

At end-2016, the bank which is detained by BOA West Africa (+94% stake) had more than CFA117 billion worth of assets, CFA32 billion of deposits, CFA55 billion of customer debts and 10 branches across Togo.

The Bank of Africa Group’s major stakeholder is the Moroccan lender BMCE Bank which detains 72% of the group’s shareholding.

 Fiacre E. Kakpo  

Yesterday, June 6, a delegation of the High Authority for Broadcasting and Communication (HAAC) visited headquarters of public media. These are the Togolese Television, Radio Lomé, Togo’s Press Agency (ATOP) and Editogo.

The purpose of this visit was to urge top executives of the media towards more professionalism. HAAC’s president, Willibronde Pitalounani Télou, particularly reminded them that they need the institution’s approval before advertising any product or brand.

By monitoring what is advertised via the various media, HAAC wishes to make sure message or product advertised complies with regulation in place.

HAAC also recalled that it is forbidden to advertise any sort of traditional medicine, or products such as tobacco or alcohol.

Beside the reduction of the cost of construction permit, automation of issuance processes of this permit are the main reforms initiated by Togolese government to improve its business environment and attract investors.

In regards to the permit’s cost, national construction and public works laboratory reduced fee needed for soil survey, for a one/two level warehouse, from Cfa900,000 to Cfa350,000.

As a result, the cost of construction permit for households also sharply dropped, to a minimum of Cfa250,000.

In addition, delay for the permit’s issuance was reduced, and application process was simplified. Indeed, it is now possible to apply from home since the process has been   digitalized. This aligns with the new guidelines of WAEMU regarding actors’ mobility, especially architects.

To this move pairs a greater monitoring of constructions with the reinforcement of capacities in terms of equipment and human resources at concerned administrations. The government wishes through this to make construction safer.

Many other decisions were taken under the decree 2016-043/PR of April 1, 2016. They also positively impact issuance of construction permits. Among others, they relate to insurance policy and other requirements needed to ensure good work quality, etc.

South Korea will support Togo’s agropole project with its Saemaul Undong initiative which recorded a true success in the 70s.

The news was revealed during a workshop held Tuesday, between Togo’s Prime minister, Komi Selom Klassou, and a Korean delegation led by Lee Seung-tark. “We have discussed with the Prime Minister about Korea’s contribution to the project and we committed to help ensure it is successful,” the South Korean official said.

In detail, the Asian nation will provide its contribution to the development of rural areas and help increase revenues of those areas’ residents. Based on its own experience with the Saemaul movement (new village), South Korea assured that the agropole project would be a success.

The Saemaul project aimed at modernizing rural areas by empowering rural communities so that they take their development into their own hands. This project helped South Korea quickly sell itself near the 2000s, as major global institutions such as the World Bank, United Nations Economic Commission for Africa (ECA), PNUD and others, got interested in the country.

Regarding Togo’s agropole project, it aims to boost the capacity of farmers and other agricultural actors to produce, process and sell, thereby creating wealth for rural people.

Fiacre E. Kakpo

On June 5, 2018, World Environment Day, Ecobank’s executives were at the landfill site of Akepe (near Lomé) to plant trees, in line with their mission to fight desertification caused by poor management of forest resources. Present with the Pan-African bank’s members was André Johnson, Togo’s minister of environment and forest resources.

In detail, two hectares were reforested that day. However, this is not the first time Ecobank carries out such initiatives. Indeed, it commits greatly to environmental preservation in all 33 countries where it operates.

This falls under its corporate social responsibility. A much important responsibility, especially considering the global warming threat.

Séna Akoda

In Togo, the ministry of posts and digital economy just released results of the test to recruit qualified young individuals to receive special anti-cybercrime training. This falls in the framework of Computer Emergency Response Team (CERT) project.

Those who passed the test are : Kpegouni Abasse, Koulou-Kouloubia Latifou, Oniadon Sourou, Badagnassou Sidakou, Yawo Nyonato, Elom Marc Arnold Wodome, Koami Dola, Afianke Komlan Joseph Ayebou, Anissa Kpakpabia, Paul Sedjro, Pagnan Métissa Roland, Ablordeppey Koman Mawuli, Kpandja Nadjombé, Yodiyoufei Kadane, Meheza Batana, Tamba Kolani, Manawèzouwé Essozimna Pamazi, Ayaovi Agbétoméfa Kpeto, Latévi Severin Lawson-Avunsu and Alabidjare Alitoh Martin.

Out of these, those that will be definitely retained will benefit from a top-level training related to the project. The best students could secure contracts and be part of the response team.

CERT’s creation should be paired with that of a national security agency.

Séna Akoda