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The African Chamber of Commerce and Services (CACS) of the Dakhla region (Morocco) and the Chamber of Commerce and Industry of Togo (CCI -Togo) signed a partnership agreement on November 24, 2023. The agreement was signed by Nathalie Bitho, the president of the special delegation of the consular chamber of Togo, and Abdelmonaim Faouzi, the president of the CACS, on the sidelines of the "2nd...
Togo should soon launch a project to build 21 bridges in its five regions, a project that aligns with the government’s strategy to open up rural areas. The project was presented last weekend at the Council of Ministers, by Kanfitine Issa Tchede, Minister of Rural Access and Rural Roads.
Tchede, during his presentation, added that discussions were underway with companies specialized in...
The AIFO–Association of Oilseed Industries of the West African Economic and Monetary Union (WAEMU), and the Economic Community of West African States (ECOWAS)- had their 23rd General Assembly last week in Lomé, Togo. During the meeting, the stakeholders discussed ways to make the region’s oilseed industries more competitive, dynamic, and modern.
Among others, the participants also...
The African Solidarity Fund (AFS) could soon partner with Togo on the project to build 20,000 social housing units in Kpomé-Dalavé. The possibility was discussed last week, on November 20, during a meeting between Togo’s Minister of Urbanism and Housing, Kodjo Adedze, and a delegation from AFS.
The AFS delegation was in Togo to present the Fund’s operations and assets. The delegation was...
Huawei Technologies closed a one-week training workshop in Lomé on November 22. The ICT-focused workshop aims to create an ecosystem from which Huawei and specialized technology companies can draw directly on talent and skilled labor. It falls under Huawei’s Seeds for the Future program.
For this first edition of the workshop, 15 Togolese students, all from the University of Lomé...
Togo should soon have a digital hotel booking platform for big events. The project was launched on November 21, 2023, by the Ministry of Tourism. On the project, the Ministry of Tourism cooperates with the Ministry of Digital Economy via the Agence Togo Digital (ATD),
The platform will be similar to Booking.com or Expedia, but typically Togolese, and should help boost tourist inflow. It will...
In a bid to bolster its commitment to gender equality, the Court of Audit of Togo recently validated in Lomé a "gender strategy" and an associated action plan for the period 2024-2026.
The strategy and plan were greenlit on November 21, with the support of GIZ, the German cooperation, as part of the "Good financial governance" project. The latter is aimed at strengthening financial governance...
In Togo, tax exemptions cost the State almost CFA140 billion between January and September 2023, an increase of 18% year-on-year.
The government expects to miss out on CFA146 billion for the whole year. These "illiquid" revenues, i.e. not collected, have a direct impact on public finances but are part of a government strategy to support the economy during crises.
In recent years, Lomé has...
Cotton farmers from 15 West and Central African countries have gathered in Lomé, Togo, since Tuesday, for a meeting that aims to define new strategies for improving the industry. Set to close on November 23, the meeting is organized by the African Cotton Producers Association (AProCA).
The meeting mainly focuses on issues such as the difficulty in setting international market prices and scarce...
Anne-Marie Couderc, non-executive chairman of Air France's board, met Togolese Prime Minister Victoire Tomegah-Dogbé on November 20. The women talked about the airline’s activities in the country. Air France is 90 years old this year.
"We took the opportunity of celebrating 90 years of Air France, including 76 years of liaison with Togo, to take stock of our relations and see how we could...
The West African Development Bank (BOAD) will invest CFA30 billion into Togo’s Emergency Program for the Savannah Region (PURS). The regional lender made the announcement just after its 138th Board of Directors meeting, on November 21, in Lomé.
The financing, a loan, was approved to improve infrastructure, basic social services, and economic resilience in the northern part of the...
Pan-African technology firm CSquared raised $25 million this month to reinforce and expand its footprint in Africa where it operates. The firm announced it raised the funds from new and old shareholders. These include Convergence Partners Digital Infrastructure Fund (CPDIF), the International Finance Corporation (IFC), and the International Development Association Private Sector Window (IDA...
Togo could soon secure $200 million from the World Bank for the Improved Digital Access and Electricity Access Project (IDEA). The latter aims to boost access to the internet and power in the country.
In case it comes through, the $200 million financing would be the biggest Togo ever received from the World Bank.
According to someone familiar with the matter, a deal could...
Equal access to sustainable energies is a major issue in Africa. That is the opinion of Togolese President Faure Gnassingbé. The West African leader made the claim last Monday, at the G20 Compact with Africa Summit (G20-CwA) in Germany.
Gnassingbé cited rising demand for clean energy, demographic pressure, and insufficient production infrastructure as factors exacerbating Africa’s...
At the third Intra-African Trade Fair (IATF2023), Vista Group secured a $275 million loan from the African Export-Import Bank (Afreximbank). The funds will help Vista Group acquire 61.4% of Oragroup, the Lomé-based lender.
The funds will be provided in two installments. The first, €140 million, will go to Ora SPV, a special fund set up by Vista Group to buy the stake. The second...
Lomé is hosting a workshop on anti-laundering and terrorism financing in the ECOWAS, Sao Tomé, and Comoros. Organized by the Intergovernmental Action Group against Money Laundering in Africa (GIABA), the workshop began on November 20. It ends on November 24.
The meeting has gathered representatives of financial intelligence units, criminal investigation and prosecution authorities, judicial...