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IB Bank-Togo will financially support two firms located at the Industrial Platform of Adetikope (PIA). The lender signed the related financing agreement with the PIA last Friday, November 25, in Lomé.
The two beneficiaries are Togo Soja and Togo Organics who will use the new funds to boost their agricultural output, invest in the construction of their factories, transform local products,...
Mauritius-based money transfer startup, EziPay, is now operational in Togo. With its mobile app, Togolese residents will be able to receive and send money from and to Burkina Faso, Guinea Bissau, Niger, Mali, Benin, Senegal, and Côte d’Ivoire, the startup posted on Facebook.
The EziPay app will “give people means to send money easily, safely and reliably, across borders, at a...
Faure Gnassingbe, the Togolese President, claims that the African States have four main tasks as part of their contribution to the development of the continent’s finance industry. He said so on November 28, while launching the second edition of the Africa Financial Industry Summit hosted in his country.
The first task is to build an attractive business climate. In this area, the leader...
So far this year, Togo has paid back CFA299 billion out of what it owes WAEMU investors. As at November 10, 2022, the country raised CFA433 billion from these investors this year.
The funds reimbursed break down into 27.5 billion of fungible treasury securities and 271.43 billion of fungible treasury bonds. This is according to data from the UMOA securities agency that Togo First...
Sergio Pimenta, Vice President of the International Finance Corporation (IFC) for Africa, met with President Faure Gnassingbe on 28 November. The two men met on the sidelines of the African Financial Industry Summit held in Lomé, Togo.
On the occasion, the IFC’s VP for Africa talked about his institution’s priorities for Togo in the coming years. "We discussed financial inclusion and...
The Togolese President, Faure Gnassingbé, launched the second edition of the Africa Financial Industry Summit (AFIS) today, Nov. 28. The two-day event is being held in Lomé and it is the first time it takes place physically.
Over 600 decision-makers from the African finance industry are attending the summit. These include central bank governors (of Nigeria, Ghana, Kenya, Rwanda, the BCEAO,...
Lomé will host, on December 1 and 2, a roundtable on access to water in Togo. In partnership with the French Development Agency (AFD), the ministry of water and rural hydraulics is organizing the meeting.
During the two days the meeting will take place, Togolese authorities will discuss the country’s vision regarding access to drinking water, talk about related priorities, mobilize...
Togo’s President, Faure Gnassingbe, was in Niamey on November 25, with other African leaders. They gathered for a meeting dedicated to Africa’s industrialization. The meeting follows an extraordinary summit of heads of State and government of the African Union (AU) on the AfCFTA.
In Niger, the leaders examined new policies to speed up Africa’s industrialization and strengthen the growth of...
Faure Gnassingbe, the Togolese President, gave an audience to Ecobank’s new Managing Director, Jeremy Awari, last Thursday, November 24. According to the Togolese presidency, the Kenyan was part of a delegation from the banking group that its board president, Alain Nkontchou, led.
During the meeting, Jeremy Awari reiterated Ecobank’s ambition to bolster its partnership with Togo; notably, it...
Lomé hosted an information meeting on the development of projects for the mobilization of climate finance, on 24 November 2022. The meeting was organized in the framework of Togo’s preparation program for accessing the Green Climate Fund (GCF). The organizers were the Global Green Growth Institute (GGGI) and the Togolese Ministry of Environment and Forest Resources.
The workshop brought...
In Togo, the Agency in charge of Rural Electrification and Renewable Energies (AT2ER) wants to install 70,000 solar street lamps. It launched last week, on Nov 14, a call for expression of interest targeting firms that can pre-finance, install and operate the equipment, under a Public Private Partnership.
"The objective of this pre-qualification process is to define the conditions for...
Togo wants its share of the IDA20 package raised to better achieve the structural transformation of its economy. Last Monday, November 20, Sandra Ablamba Johnson, Minister, Secretary General of the Presidency of the Republic, and Governor of the World Bank in Togo, asked for the increase. The Togolese official spoke during the launch of consultations in the framework of the elaboration of the new...
This week, a facultative insurance seminar was held in Baguida (Lomé). Launched on November 21, the meeting’s theme was: “Regulation of facultative insurance, scope of guarantees, and compensation procedures”. Facultative insurance covers risks to which goods are exposed while being transported (by sea, land, or air).
The seminar was organized by the Supervisory Authority of the...
Mawulolo Yomo, PhD student, Life and Environmental Sciences, is the only Togolese among the 20 women scientists selected for this year’s edition of the Sub-Saharan African Young Talents program. The list was recently published by the program’s promoters, Fondation l’Oréal and UNESCO.
The 20 women were picked by a jury, for their scientific achievements, out of 425 applicants from 16...
Abu Dhabi Exports (ADEX) will lend Togo $25 million to expand the output capacity of the Mohammed Bin Zayed Solar Plant in Blitta. ADEX mentioned in a statement issued on November 23, 2022, that both parties have signed the related financing agreement.
“The Abu Dhabi Export Board (ADEX), established by the Abu Dhabi Fund for Development (ADFD), will grant the Togolese Ministry of...
The World Bank is preparing its next action strategy for Togo, through its 2023-2027 Country Partnership Framework. The Bank recently revealed that it is holding the first phase of consultations with Togo’s main development actors.
The meetings, which opened on November 17 and should close on November 25, aim to have the World Bank’s future strategy align with the major, current, and...