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Bonkoungou Distribution (BKG) launched an online car reservation service in Lomé on March 7, 2024.
BKG Speed offers rides, food, and parcel delivery across the country. The platform relies on 500 brand-new DODGE cars and a network of experienced drivers.
“Our goal is to revolutionize the on-demand transportation system, provide added value to our customers, and actively contribute to...
The African Development Bank (AfDB) pumped over $990,248 in Togo’s Vulnerable Women's Financial Inclusion Support Project (PAIFFV). This is a project to empower over 13,500 vulnerable women across the country.
The pan-African lender pointed out that it extended more than 15,000 loans as part of this program. Its support, the AfDB claims, helped beneficiaries set up 8,072 micro and small...
Togo has launched a new simultaneous issue of fungible treasury bonds and bills (OATs and BATs, respectively) on the WAEMU market. Lomé seeks CFA35 billion through the operation which closes on March 15.
The BATs have a par value of CFA1 million, mature over 378 days, and have multiple interest rates. Lomé hopes to secure CFA10 billion via these securities and CFA25 billion through the...
Ousmane Diagana, Vice-President of the World Bank for West and Central Africa, is expected in Lomé today, for a three-day visit.
During his stay in Togo, he will participate in the launch on Friday, March 8, 2024 (International Women's Day), of the new World Bank report on "Women, Business, and the Law." The report shows that Togo has the most favorable legal framework for women in Africa...
Mali will host the upcoming regional preparatory conference for the 9th Pan-African Congress. Scheduled for May 14 and 15, the event is set to take place in Bamako, the capital, under the theme "Diasporas, Afro-descendants, and Development".
The conference will mostly focus on building strong bonds between West African States and their diaspora. Clear proposals for the next Pan-African Congress...
The West African Development Bank (BOAD) approved the restructuring of a loan granted in 2015 for the renovation and operation of the 2 Février Hotel in Lomé. The Bank gave its approval in a board meeting last Monday.
The BOAD granted the loan to Kalyan Hospitality Development Togo (KHDT SAU), a Mauritian company, to rehabilitate the recently nationalized complex.
Under Kalyan's...
The Minister of Trade, Rose Mivedor, held a meeting last Tuesday, March 5, with craftspeople of the Grand Lomé Autonomous District (DAGL). The official covered strategies to get them more involved in Togo’s economic development.
Mivedor urged her audience to better collaborate with the government, both for the sector and the national economy’s development.
"I would like to urge you...
Dans l’espace UEMOA, la Banque centrale des États de l'Afrique de l'Ouest maintient son principal taux directeur (auquel la banque centrale prête ses ressources aux banques commerciales, et qui impacte donc le “coût” de l’argent dans l’espace communautaire) à 3,5%. L'information émane de la dernière réunion du comité de politique monétaire (CPM), qui s'est tenue le 06 mars...
Moov was the best mobile internet provider in Togo last year. This was concluded by a study carried out by NPERF, a French networking testing company. The study was validated by the local telecom watchdog, the ARCEP.
The report was released on March 5, 2024. It featured thousands of tests conducted by users of the nPerf and MyPerf applications. The goal was to assess the quality of service...
Younes El Bedraoui is Moov Africa’s new Managing Director in Togo. The Moroccan replaced his compatriot Abdallah Tabhiret. El Bedraoui is expected to help the operator gain new market shares.
"My vision is based on the principle of daring to aim high, daring for performance, and daring for quality," he declared on Wednesday, March 6, 2024, during a meeting with the local press....
Pacôme Adjourouvi is Togo’s new Minister of Human Rights, Citizenship Education, and Relations with Republic Institutions. He fills a position that has been vacant since September 2023. The newcomer was appointed by presidential decree on Wednesday, March 6, 2024. He will take over from Christian Trimua, who has since become the Secretary-General of the government.
Adjourouvi, 57, was...
Last December, Togo and the IMF reached an agreement. This is after two years of negotiations started after the end of a program that covered the 2017-2020 period.
The International Monetary Fund (IMF) announced an immediate disbursement of $68.3 million to Togo last Friday, March 1. This disbursement is part of a 42-month agreement falling under an Extended Credit Facility (ECF)...
Togo may not immediately follow the recommendation for various reasons, ranging from its electoral calendar to persistent issues impeding the effectiveness of cash transfers.
The International Monetary Fund (IMF) has urged Togolese authorities to rethink their fuel subsidy strategy in favor of more targeted methods, such as direct cash transfers to vulnerable populations. This recommendation was...
Togo raised CFA38 billion on the WAEMU securities last Friday, March 1. The funds will finance the country’s national budget for 2024.
In detail, the Togolese treasury secured CFA14 billion through Treasury Bills (BATs), which mature after 182 and 364 days, at different interest rates. The remaining CFA24 billion were obtained through Treasury Bonds (OATs), set to mature over three years at a...
The 3rd International History Festival of Aného (FIHA) will be held from November 14th to 17th, 2024. The festival’s organization committee disclosed its schedule and theme, “Discoveries”, last week in a press debrief.
This year, the festival will host a Togo-Turkey business forum, fostering dialogue and collaboration between Togolese and Turkish entrepreneurs, SMEs...
Togocom’s majority shareholder, Axian Group, has joined GSMA's Connected Women initiative. The latter aims to balance access to digital and financial services between men and women, in Africa especially.
By joining the initiative, Axian seeks to enable more women to use its data services and mobile financial solutions in Togo and Madagascar, its two African markets. Axian said it would release...