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Lomé will host a forum for young entrepreneurs next month, on the 16 and 17. The forum, called National Congress for the Young Entrepreneurs of Togo (CoNJET) was announced on May 17 during a press conference organized by the Association of United Young Entrepreneurs for an Emergent Togo (JEUNE-Togo in French). The event will be held at the Palais des Congrès de Lomé.
The CoNJET is expected to...
Ecobank and Japan Motors launched a car financing offer on 17 May 2023 in Lomé. The offer, aimed at employees and SMEs, should make it easier for the latter to get loans to buy cars.
These car loans range from 8 million FCFA to 54 million FCFA, repayable over up to four years, at a rate of 7.5% to 8% depending on the customer's profile and the repayment period.
According to the...
Togo wants to double the contribution of mining to its GDP by 2025. To do so the country relies on the recovery of its phosphate industry, and its manganese-rich subsoil.
Togo’s government inked with the British firm Keras Resources a deal that will double the mining sector’s share in the country's GDP by 2025. Under the deal, Keras gave up on its operating permit for the...
Shareholders of Ecobank Transnational Incorporated (ETI) approved a dividend payout of $28 million, equivalent to 0.11 cents per share. This decision took place at their annual general meeting held on May 17, in Lomé, Togo.
The challenging economic environment, characterized by escalating inflation and high-interest rates, has led to a 32.25% reduction in dividends compared to the...
Through its International Islamic Trade Finance Corporation (ITFC), the Islamic Development Bank (ISDB) will provide Togo with $250 million to lay the groundwork for expanding its partnership into three new key sectors: energy, agriculture, and private sector development.
The related agreement was signed last Friday, May 12th, on the third day of the IsDB’s annual meetings in...
In a recent meeting between Togo's prime minister, Victoire Dogbé, and the German minister of foreign affairs, Katja Keul, it was announced that Germany will assist Togo in combating terrorism. The discussion primarily revolved around fostering cooperation between their respective countries, addressing the security concerns in Togo and the Sahel region, as well as focusing on matters of...
Togo will, again, try to raise CFA30 billion on the WAEMU stock market. The country’s public treasury just launched a simultaneous issue of fungible treasury bonds and bills. The operation closes next Friday, May 19.
According to the issue’s notice, Lomé seeks CFA20 billion through the bonds and 10 billion through the bills. The former has a nominal value of CFA10,000 and two interest...
Togolese authorities are working on a plan to equip Lomé, the capital, with an urban transport system that integrates changes in demographics. Works for the document’s elaboration started on May 16, after a ceremony organized by the Ministry of Road, air, and rail transport.
Known as the Sustainable Urban Mobility Plan (SUMP), the plan’s elaboration is co-funded by the...
Lomé will host Africa50’s Infra for Africa forum and the General Assembly of its shareholders on June 3-4, 2023. This will be the event’s first edition, and it will be held under the patronage of Togo’s President, Faure Gnassingbé.
The forum, which will focus on financing infrastructure in Africa, will gather leaders from different sectors, including banking; with "Bankable, scalable,...
Togo and Senegal want to bolster their cooperation. The subject was discussed last Thursday, May 11, during a meeting between Edem Tengue, Togo’s minister of maritime economy, and Achille Gueye, director general of the Senegalese Agency for maritime affairs (ASAM).
The two officials covered various issues, such as ways to fight piracy and illicit trafficking in the Gulf of Guinea. They...
Lomé is currently hosting the 2nd edition of the Pan-African Poultry Conference (PAPC). The event began on May 16th and will end on May 18th. The event, whose first edition was held in 2019, is organized by the Regional Center of Excellence on Avian Sciences (CERSA) in partnership with the World's Poultry Science Association (WPSA).
Over 300 actors from the poultry industry, from Africa...
A biodiversity preservation project was launched in the Central region of Togo last Friday, May 12. The project, according to Agence Togolese de Presse, covers the Dibidjo mountain in Afadadè, and the Kalo River banks in Avadadè.
The project, valued at CFA21 million, is financed by the Global Environment Facility Small Grants Programme (GEF/SGP), as part of a collaboration between Togo...
Togo's telecom regulator, ARCEP, has launched an app called My Perf to measure the quality of internet connections across the country. The app is available on Google's Play Store and aims to help users assess their internet speed and obtain clear data on their network's performance.
My Perf provides data on download speed, transfer speed, and latency. Additionally, it features an...
Togo’s President Faure Essozimna Gnassingbé received the Grand Prix d’honneur during the 4th BRVM Awards hosted in Lomé on May 10 and 11. The event’s theme was “Capital Markets and Economic Resilience”.
According to the Awards’ organizers, Gnassingbé received the prize for the several reforms that Togo adopted to achieve economic growth and modernization in recent years. He was...
Togo is the fourth most important actor on the BRVM, the stock market of the West African Economic and Monetary Union (WAEMU). This was recently revealed by the stock’s boss, Edoh Kossi Amenounve.
According to him, the country, which has the 7th highest GDP in the WAEMU, has a market capitalization of 497 billion CFA francs in the equities segment and two listed companies, making it a...
On May 30 and 31, ECOWAS ministers will hold, in Lomé, a meeting on fertilizers and soil fertility. The meeting is organized by the ECOWAS Commission, and backed by the World Bank, the International Fertilizer Development Center, USAID, and the Togolese government.
The upcoming roundtable will provide a platform for participants to deliberate on the recommendations put forth during the...