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The Togolese Public Treasury recently bought back CFA17.511 billion of securities it issued on the WAEMU stock market. The operation was carried out on September, 1. The securities were set to reach maturity on October 9 and October 23, 2023.
The buyback recorded a 103% coverage rate, reflecting investors' willingness to liquidate their assets under the current conditions. The absorption...
Togo might soon secure €25 million from Invest International to protect its coast against sea encroachment. The Togolese minister of environment, Katari Foly-Bazi, discussed the matter with a delegation from the Dutch institution on Monday, September 4, in Lomé.
According to Invest International, out of the announced financing, €23 million should be devoted to protective...
The United Nations Industrial Development Organization (ONUDI) and the Investment Promotion and Free Zone Agency of Togo are considering a partnership to revitalize investments in the country. An ONUDI delegation revealed the ambition to Rose Kayi Mivedor, Togo’s Minister of Investment Promotion, in a meeting last Thursday, August 31.
The delegation was led by Tidiane Boye, the...
Several ECOWAS experts-members of the ECOWAS Community Committee for Technical Regulation (ECOREG)- are hosting a meeting in Lomé. Started on September 4, the 3-day gathering aims to validate 14 proposed application regulations concerning four value chains: mango, cassava, textile and clothing, and Information and Communication Technologies (ICT).
The meeting is steered by the ECOWAS Commission...
The University of Lomé (UL) has a new Chancellor: Prof. Adama Mawulé Kpodar. He has just been appointed and will be taking the place of Prof. Komla Dodzi Kokoroko, who headed the university for seven years.
Before his appointment, Prof. Kpodar was the director general of the National School of Administration or Ecole National d’Administration (ENA).
Dodzi Kokoroko was Chancellor...
For the fourth consecutive year, Togo will hold, in October the Local Consumption Month. The Ministry of Trade, Industry, and Local Consumption announced the event on September 2.
"Dear economic operators, managers of Togolese Très Petites, Petites et Moyennes Entreprises, producers, processors, and promoters of local products, the 4th edition of the Mois du Consommer Local is coming up...
Canada’s new ambassador to Togo, Ms. Martine Moreau, presented her credentials to the Togolese Minister of Foreign Affairs, Robert Dussey, last week.
It was a pleasure to receive a copy of credentials letters of the new designated -Ambassador of Canada Mrs Martine Moreau in Lomé . The cooperation between Togo and Canada continues to strengthen! Happy to cement the next dynamic phase of our...
The Togolese Revenue Office (OTR) has updated its provisions covering the handling of goods subject to Tariff Specification Codes (CST) and the use of donation certificates for exemptions and concessions.
The first change, which came into effect on September 1, extends the application of the CST to all computerized customs units across the country. Consequently, according to the OTR, "the...
Lomé will host the first edition of the "Maritimafrica Week" from September 26 to 28. The event will be held under the theme: "Putting the blue economy at the service of Africa's development" and will bring together key players of Africa’s blue economy and their partners from other parts of the world. They will cover major issues and challenges of the maritime sector.
The event will feature...
The ECOWAS Community Committee for Conformity Assessment (ECOCONF) is currently meeting in Lomé to examine mechanisms to facilitate the free movement of goods within the community.
"We will be working on the rules for mandating, but also on the regional recognition of the various conformity assessment bodies," said Olga Kouassi, Director of the ECOCONF’s Standards and Audit Office, and...
The Togolese capital, Lomé, will host on September 9 the Youth Delivery Lab (YDL). This is a roundtable that will focus on the civic participation of youth in tackling youth issues and decision-making. Organized by the Youth for Youth (Y4Y) association, the meeting is themed: "From the promotion of local SMEs to the emergence of national champions: strategic issues and possible solutions for...
Togo Soja, Togo’s largest soybean processing plant is operational. The news was announced on August 31 by the Adetikope Industrial Platform (PIA) which houses the new plant.
"[The] Adetikope Industrial Platform is proud to officially announce the full operationality of Togo Soja, the local Soya processing plant located in the area," PIA announced. "Having successfully...
Electric motorbike manufacturer, Spiro (formerly M Auto) will increase its fleet in Togo and Benin, using a $63 million loan it just secured from Société Générale, the French banking group.
Besides expanding its fleet in the two West African markets, the e-mobility company will also set up new battery charging and swapping stations there. In detail, Spiro plans to acquire over...
A project to equip seventeen (17) villages with drinking water infrastructures is in the pipeline in Togo. The National Agency for Grassroots Development (ANADEB in French), which steers the project, just launched a nationwide tender to recruit contractors in this framework.
The 17 villages are spread across the Plateaux and Maritime regions–12 in the former and 5 in the latter. The...
Togo held its first Investors Breakfast of the year last Tuesday. The event brought together the Ministry of Investment Promotion and representatives of the local business community, including lawyers, architects, notaries, and customs declarants.
The meeting was chaired by the Minister of Investment Promotion, Rose Mivedor, and participants expressed their opinions-good and bad-on the...
Togo secured CFA23 billion in its latest issue on the WAEMU market. The operation–a simultaneous issue of fungible treasury bills and bonds–closed on August 25, 2023.
With the bills, Lomé raised CFA17.7 billion, and CFA5.6 billion with the bonds. Set to mature over 364 days, the former securities have multiple interest rates, while the latter mature over 5 years, at a rate of 6.25% per...