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Last Thursday, October 27, the Banque Sahélo-sahélienne pour l’investissement et le commerce (BSIC), inaugurated its headquarters in Lomé, Togo. Some Togolese officials, including the minister of finance, Sani Yaya, and the minister of investment promotion, Rose Kayi Mivedor, attended the ceremony. There were also executives from the bank.
Now that it has its headquarters, BSIC will grow...
Togo’s council of ministers adopted last Thursday, October 27, a draft decree on the general framework for organizing quality assurance in higher education institutions, centers, or research and innovation organizations.
The document aims to make "more visible the overall direction of the quality assurance system in higher education and research,” according to the council.
The...
Last Friday, Togo and the European Union (EU) inked, in Lomé, two financing agreements worth €55 million, or just over 35 billion CFA francs, for two programs. The first is the PRSPL, a program to strengthen local public services, and the second is the PALCC+, a program aimed at supporting biodiversity protection, agroecology, and better tackling climate change.
The two agreements were...
Energy Generation (EG), the Togolese start-up that works to improve energy access and develop skills, is among the winners of the Ashden Awards 2022. In its category, the start-up is a joint winner with Zimbabwe’s Zonful Energy, according to Farmers Review Africa, a pan-African media focused on agriculture.
“For their work in improving energy access and developing skills, Togo’s...
On October 25, 2022, Togo’s parliament adopted the uniform law on factoring in the West African Monetary Union (WAMU), hence expanding the scope of financing instruments for businesses, especially SMEs.
"The adoption of this law comes at the right time to broaden the scope of financing instruments for SMEs/SMIs as part of the implementation of the government roadmap Togo 2025. The issue of...
Launched last Tuesday, October 25, the International Exhibition of Agriculture and Food of Lome (SIALO) will close on November 2, 2022. This year’s edition is the ninth, and it is held at the center of exhibitions and fairs of Togo (CETEF-Togo).
Placed under the theme “Irrigation, a factor of agricultural production”, this edition takes place after a two-year break attributed to...
Last week, on October 18, the Togolese ministers of trade and investment promotion, Kodjo Adedze and Rose Midevor respectively, signed with UK Export Finance (UKEF) an MoU to “formalize the constructive relationship” between Togo and the credit agency.
The MoU aligns with the CFA50 billion guarantee that UKEF recently said it will provide Togo to help it build the...
The EU delegation in Togo announced on October 24, 2022, that it will provide €30 million (about CFA19 billion) to Togo to better fight climate change.
The package, whose agreement will be signed at the end of this week, was disclosed in Lomé during the diplomatic week on climate. It will help implement the Climate Change Support Program (CCSP)
In detail, part of the funds will be used...
Togo’s fifth General Census of Population and Housing (RGPH-5) started on October 23, 2022. The official launching ceremony was chaired on October 24, by the minister of state, Payadowa Boukpessi.
"The results of this national and scientific operation are of great importance to the government," he said while urging them to provide the agents with all the information they might...
The World Bank wants to help Togo bolster agricultural mechanization, via its West Africa Food System Resilience Program (FSRP).
The initiative aims to provide tractors and agricultural machinery, power tillers, graders, and accessories for its partner structures in the country. To this end, the ministry of agriculture launched a call for tenders to recruit people who can provide the...
This year, Togo will host the SITA, the International Exhibition of African Textiles. This edition, the eighth, will be held in Lomé from November 4 to 6. Last year, it was held in Djibouti.
The theme picked for the upcoming exhibition is “The fabric industry in Africa”.
Among others, it will feature workshops, conferences, expos, parades, and fashion galas.
A few days...
Launched in October 2017, Togo’s School Assur Program has provided 3,343,717 health services to students in Togo as of October 20, 2022, according to data provided by the government.
Over the period, the program has allowed 1,244,240 consultations and 17,217 hospitalizations of students suffering from various diseases, while the number of surgeries recorded is estimated at 55,168; 360,947...
In the West African Economic and Monetary Union (WAEMU), the implementation of rules related to the harmonization of standards and procedures for the control of the gauge, weight, and axle load of heavy goods vehicles will start being implemented on January 1, 2024. This was decided last Friday by the Union’s ministers of infrastructure and road transport. On the same day, the...
Last Thursday, October 20, the Togolese parliament adopted the draft amending finance law, for the fiscal year 2022. The country’s budget now stands at CFA1,874.5 billion, against CFA1,779.2 billion initially (+5.4%).
The government attributes the amendment to security issues, including the terrorist threat, and global inflation due to which the authorities had to take palliative...
Afriland First Group recently opened an investment firm in Lomé, Togo’s capital. The new firm’s name is Afriland First Holding (AFH), according to Business in Cameroon.
From Togo, the source indicates, AFH will cover other West African countries. It is the first subsidiary of Afriland First Group dedicated to investment. Mostly, it will acquire stakes in businesses and investment...
The UK will guarantee a major road construction project in Togo with £68.6 million (CFA51.69 billion). The road is the Sokode-Tchamba-Kambole axis and is located in the north. It is 76.5 km long and connects Togo to the Republic of Benin.
The guarantee will be provided via UK Export Finance (UKEF), in support of a loan from the Japanese bank MUFG. The UK government revealed these details...