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A week ago, the international airport of Lomé inaugurated its new power plant and lighting system. The installations, which cost CFA4 billion, were commissioned by the Togolese Minister of Road, Air, and Rail Transport, Affoh Atcha-Dedji.
The new plant and lighting system were set up by the Agency for the Safety of Air Navigation in Africa and Madagascar (ASECNA). They aim to boost air safety...
The Togolese government plans to take several measures next year, to bolster social inclusion and improve the country’s business climate. These measures were disclosed last Friday, November 11, during the council of ministers dedicated to the adoption of the 2023 finance bill.
In 2023, the government plans to extend tax exemption from school canteens to universities and companies. The...
Togo’s budget for 2023 is projected at CFA1,957.9 billion in spending and resources. This is 4.4% more than the CFA1,875.8 billion of the 2022 rectifying finance law. The new figure is in the draft finance bill that was studied and adopted by the Togolese government last Friday, during its latest council of ministers
In terms of income, the State expects the revenues to stand at CFA1,187.2...
The government of Togo will keep paying special attention to inflation in the coming months. The authorities said this last Friday, November 11, after the council of ministers held that day.
The government promised to keep the inflation “under control”, in a context where it has been soaring past unseen levels in recent months.
A controlled inflation
This indicator has never...
Initially scheduled to end this Saturday, November 12, Togo’s fifth general population and housing census (RGPH-5) has been extended to November 16. The government made the announcement last Friday.
Lomé decided to 'consolidate existing results, and to allow those who still hesitate to join the registration.'
In recent days, many efforts were made, with the contribution of various...
Several businesswomen working in the coffee sector and from the Member States of the African and Madagascar Robusta Coffee Agency (ACRAM) gathered in Lome last Wednesday for a roundtable. They were attending a workshop to reinforce technical, commercial, and marketing links in the coffee value chains.
The workshop was supported by LADI AGRY and the International Trade Center. Its goal was to...
Kifema Capital, an investment firm and financial arm of Togo Invest, has partnered with STOA, a French investment fund (owned by Caisse des Dépôts and Agence Française de Développement) that operates in the energy and infrastructure sectors.
According to Kifema Capital, its Managing Director, Dr. Arthur Trimua, signed a memorandum of understanding (MoU) to this end with STOA’s MD,...
Lomé will host the second edition of the Africa Financial Industry Summit (AFIS) on November 28 and 29, 2022. It will be the first time the event, sponsored by the IFC and Jeune Afrique Media Group, is held physically.
AFIS will gather leaders of the African industry who will contribute to Africa’s economic recovery through a sustainable, competitive, innovative, and inclusive development of...
Togo takes part in the 27th Conference of the Parties on Climate Change (COP27) taking place in Egypt. The West African country is represented by a multisectoral delegation led by the Minister of Environment and Forest Resources, Foli Bazi Katari.
During the conference, Minister Katari will present all steps and projects that Togo has initiated to tackle climate change – especially in the...
The Lome-based ECOWAS Bank for Investment and Development (EBID) will raise its authorized capital from USD1.5 billion to USD3.5 billion, effective January 2023.
The move was unanimously approved by the Bank’s Board of Governors, during its 10th Extraordinary Session held on 27th October 2022 in Praia, Cabo Verde. Dr. George Agyekum Donkor, President and Chairman of EBID’s board of...
The port of Lomé remains one of the top 100 container ports in the world, according to Lloyd’s List of the top busiest ports - which the country joined only two years ago.
"The Togolese container transport platform remains in the top 100 with a new year of double-digit growth. The Togolese port of Lomé cemented its place in the list of 100 ports after recording excellent performance in...
The United Nations Development Program (UNDP), in partnership with the National Council of Employers of Togo, has provided CFA434 million to 35 Togolese female entrepreneurs.
En partenariat avec le Conseil National du Patronat du #Togo, @PnudTogo octroie une subvention de 434 millions CFA à 35 femmes entrepreneuses #togolaises pr booster leur productivité et aider à la transition vers le...
On Monday, November 7, 2022, Lomé hosted the first session of the partnership dialogue between Togo and the European Union (EU) within the framework of the new Partnership Agreement between the Organization of African, Caribbean and Pacific States (ACP) and the European Union (OACPS-EU).
Mostly, the issue of security in northern Togo, the impact of the war in Ukraine, decentralization, upcoming...
Augustin Favereau is the new french ambassador to Togo. He was appointed to take the place of Jocelyne Caballero who held the position for three years.
Before his appointment, Favereau, 44, was an advisor to the department of ''Cultural Diplomacy, Influence, Francophonie'' of the French Ministry of Foreign Affairs. From 2013 to 2016 he was an advisor for cooperation and cultural action in...
Togo just launched a simultaneous issue of two bonds on the WAEMU security market. The amount targeted is CFA30 billion.
The bonds have maturities of 3 and 10 years, respectively, a nominal value of CFA10,000, and interest rates of 5.3% per annum (for the 3-year bond), and 6% per annum (for the 10-year bond). The issue will close on November 11, 2022.
The issue’s proceeds will help...
The Regional Consular Chamber of the West African Economic and Monetary Union (CCR-UEMOA) opened its fourth board meeting yesterday, November 7, 2022, in Lome. The launching ceremony was chaired by Togo’s Trade Minister, Kodjo Adedze.
During the meeting, participants will assess the development process of the Union’s economies. Another goal is to boost the capacities of economic actors, make...