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The African Trade & Investment Development Insurance (ATIDI) is holding a 2-day meeting in Togo to introduce its loan and investment risk-mitigation solutions to private investors, local stakeholders, and development partners. The meeting started yesterday, October 10.
Participants will learn more about ATIDI’s risk-mitigation solutions, to enable the country to secure more foreign direct...
Togolese Prime Minister, Victoire Tomegah-Dogbe, launched yesterday, Oct. 10, the Urban Water Security Project (PaSH-MUT). Launched in Lomé, the capital, the project will help more people have drinking water in the Greater Lomé area.
According to PM Tomegah-Dogbe, the PaSH-MUT should enable almost a million people in the Greater Lomé area to benefit from better services, related to...
In Togo, the Plateforme industrielle d'Adétikopé (PIA) and its risk-sharing-based Agricultural Financing Mechanism (MIFA) recently provided 22 agricultural cooperatives with tractors. The handover ceremony took place on September 29, in Lomé.
In detail, the cooperatives received 24 tractors and accessories including plows, cultivators, seeders, and trailers.
The equipment, according to the...
The military court of Lomé launched its activities last Monday, October 9. The court kicked off operations during an awareness-raising workshop attended by representatives of the various branches of the Togolese armed forces and other stakeholders.
The workshop sought to specify the cases handled by military courts, and the conditions under which these cases can be referred to them, according...
Augustin Favereau, the French ambassador to Togo, was given an audience yesterday, Oct. 10, by the country’s media regulator, the High Authority for Audiovisual and Communication (HAAC). Participants exchanged their respective views on the HAAC’s activities, and explored prospects for cooperation between France and Togo in the media sector.
"I was able to visit a number of departments. This...
A European Union (EU) delegation met in Lomé with Togolese authorities on October 9, for their second dialogue. Amongst others, the participants covered the organization of Togo's upcoming legislative and regional elections, as well as the country’s actions against terrorism.
Regarding the elections, the EU called for inclusive and peaceful polls. “About preparations for the forthcoming...
The month of local consumption or “consommer local” officially started in Togo on October 9. This edition, the fourth, was launched by the Minister of Trade and local consumption, Rose Mivedor.
This year, the event will mainly focus on finding "strategies to stimulate the consumption of local goods and services". There will be discussion panels, centered on the main theme, and on issues like...
Togo’s top mesofinance institution, Société Générale de Micro & Méso Finance (SOGEMEF) has loaned out CFA30 billion since its launch in 2017. This is twice the amount the lender reported in 2021.
The figures were disclosed by SOGEMEF’s acting MD, Zankou Abla Mawussé, last week. This was during the official inauguration of the lender’s branch in Kara.
The finance institution...
Togo has started preparing for the next Conference of the Parties on Climate Change (COP28) which it will attend. The meetings focus on strategies for mobilizing financing for environmental projects at the conference.
The projects Togo will present at the event this year are aimed at fostering "sustainable agriculture and a climate-resilient, low Co2 emission economy."
So far, the country has...
Manuella Santos, the new Togolese minister of investment promotion, met with a delegation from the China International Capital Corporation Limited, on October 9. The delegation was led by one of the bank’s higher-ups, Yan Changsheng, and China’s ambassador to Togo, Chao Weidong.
The meeting, according to Santos, was aimed at bolstering economic cooperation between China and Togo and...
Togo’s National Assembly revised its 2023 finance act last week, at the request of the government. Initially set at CFA1,957.9 billion, the national budget was scaled up to CFA1,975.5 billion, revenues and expenditures.
In detail, revenues now stand at CFA1,204.1 billion, against CFA1,187.2 billion before the revision. Expenditures, for their part, were scaled up by 1.1%, from CFA1,554.7...
Arise IIP, a key manager of industrial parks in Africa and active on the Industrial Platform of Adetikope (PIA) of Togo, just partnered with French tracking firm Crystalchain.
In a statement issued on October 9, Arise IIP said it has acquired a 17.6% stake in Crystalchain. The move, Arise IIP said, will help the PIA reduce its carbon footprint by better tracking its...
A Cameroonian app, Koree, won the 6th edition of the Ecobank Fintech Challenge. Koree stood out among more than 1,490 fintechs in the competition.
Founded and headed by Magalie Gauze-Sanga, Koree aims to solve the small change issue in Francophone Africa. Right behind the Cameroonian app were Makuta (Democratic Republic of Congo) and Flexpay (Kenya), second and third, respectively. The...
In Togo, the health authorities started distributing long-lasting impregnated mosquito nets (LLINs) last Saturday, October 7. The campaign, the fifth of its kind, will end on October 18. A total of 6,547,600 LLINs will be distributed, door to door.
The new campaign aims to reduce deaths by malaria, according to Wotobe Kokou, Secretary General of the Ministry of Health. "One thing is to have the...
Togo and three other West African countries will share €200 million which they will receive as part of the second phase of Agence Française de Développement's (AFD) Choose Africa initiative. According to the AFD, the money will target the informal sector, as well as SMEs and startups. It will run from 2024 to 2027.
The funds should serve in setting up public mechanisms to support...
Ecobank Togo just opened, through the Sephis Foundation, a CFA1 billion credit line for Togolese businesswomen. The investment aims to boost female leadership in the country, where over 32% of businesses set up last year were set up by women.
The financing agreement was signed on October 4, by the lender’s managing director, Souleymane Touré, and Sefora Kodjo, president of the SEPHIS...