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BIA Togo, a subsidiary of the Moroccan banking group Attijariwafa, launched the Africa Development Club in Lomé on May 25, 2023. The Club was opened by the minister of investment promotion, Kayi Mivédor.
Established in 2016 and present in countries that Attijariwafa covers, the Africa Development Club is a platform for networking and exchange among economic operators looking to invest or...
An international meeting focused on strengthening gender equality in Africa through legal reforms just closed in Lomé, Togo. Organized by the International Finance Corporation (IFC) and the Togolese government, the two-day meeting opened on May 25. It gathered technical representatives from several African countries like Benin, Côte d'Ivoire, Gabon, Kenya, Rwanda, Senegal, Sierra Leone,...
Each of Togo’s educative regions will soon have a scientific high school. Construction would start next year, Dodzi Kokoroko, the minister of primary and secondary education announced on May 23, in Togoville, during the inauguration of a school facility.
The minister noted that the upcoming project is part of a larger one to reorganize and improve school training across the...
In Togo, Decentralized Financial Systems (DFS) loaned CFA255 billion in 2022, against CFA196 billion in 2021 (+30%). The figure was disclosed during the latest council of ministers, held on May 24, 2023.
Regarding outstanding loans, DFS in Togo was owed CFA288 billion last year, up from CFA225 billion (+27%) the year before.
These reflect the dynamism of DFS activities across the country....
The telecom watchdogs of Togo and Ghana, respectively ARCEP and NCA, are holding a 3-day meeting to discuss accidental roaming around their shared borders. The meeting, held in Lomé, Togo, opened on May 24.
The accidental roaming “generates additional communication costs for the populations concerned and causes, at the user level, a poor quality of experience vis-à-vis the operator,"...
Amidst the increasing scarcity and costliness of international market financing, Togo is set to “prioritize spending” for the current year. As declared at the most recent Ministerial Council held on May 25, the country plans to enact a rectifying finance bill to manage its financial resources more effectively.
The Council acknowledged the challenges posed by the tightening of global lending...
During its latest council of ministers, held on 24 May, the Togolese government adopted a draft bill for the creation and management of the country’s protected areas.
With this, Lomé has passed a new milestone in biodiversity protection, amid a rapidly-changing global context, relative to biodiversity conservation, and rising socioeconomic and ecologic challenges associated with its...
The Internet connectivity firm CSquared recently opened an office in Lomé, its sixth in Africa.
Earlier this month, CSquared, which is in charge of implementing Google’s Equiano undersea cable project in Togo, inaugurated its new office in the country. The opening was inaugurated by Cina Lawson, Minister of Digital Economy and Transformation. On the occasion, the official shared her...
Asky Airlines will lease two Boeing 737-8 MAX from AerCap Holdings. The Lomé-based Pan-African carrier recently signed the lease agreements with the Dublin-based plane rentals company, according to a press release issued by the latter. The planes should be delivered between June and August 2023.
The announcement ceremony was attended by the CEOs of ASKY and AerCap, respectively...
The Public Administration Savings and Credit Cooperative (CECAP) in Togo announced positive annual results at its ordinary general assembly, held on May 20 in Lomé, according to the Togolese Press Agency (ATOP). During the meeting, the cooperative's members reviewed and adopted its moral report, credit committee report, financial report, and supervisory board report.
Net Profit surges 11%
The...
Lomé is hosting a Pan-African forum that gathered Designated National Authorities (DNAs) from 23 countries that adhere to the Pan-African Readiness initiative. The forum is steered by the Africa Adaptation Initiative (AAI). Launched on May 23, the forum aims to define strategies for better access to climate financing in African states.
During the 3-day meeting, the DNAs will deepen their...
Preparations for the 9th Pan-African Congress which Lomé is set to host next year officially began on May 22. The launch ceremony was attended by several officials from Togo and the foreign affairs ministers of South Africa and DR Congo. Togolese PM, Victoire Tomegah Dogbé presided over the ceremony.
The Congress should take place between October and December 2024. Organized by Togo...
Now that it is eligible for the Millennium Challenge Corporation (MCC) Compact Program, Togo wants to take advantage of opportunities offered by the United States International Development Finance Corporation (US-DFC). It aims to do so through the American Catalyst Facility for Development (ACFD), a facility that funds development projects in Africa. In this framework, the Togo MCC Compact...
Works to renovate and asphalt the 10 km long road that connects the Adétikopé Industrial Platform (PIA) to its extension zone in Kpomé, are 55% complete. This was reported during an on-site visit conducted by Zouréhatou Kassah-Traoré, the Togolese minister of public works, on May 19, 2023.
Regarding the deadline of the project, the ministry indicated that 66% of the time allotted has...
Fatou Diallo Ndiaye is the new resident representative of the International Organization for Migration (IOM) in Togo. She officially presented her appointment letter to the Togolese minister of foreign affairs, Robert Dussey, last week.
Appointed several months ago, Ndiaye will cover Togo, Benin, and Ghana. She will mainly handle migration issues in these countries and ensure good...
The Lomé Container Terminal (LCT), the main container terminal of the port of Lomé, will soon receive a new towing vessel. The news was disclosed by Antonio Bordils, CEO of Boluda Towage, a global leader in towing and the company that is providing the boat.
According to the Port of Lomé, Bordils was speaking with Togo’s Minister of Maritime Economy, Edem Tengue, on May 16th. The businessman...