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Togo closed today, June 24, its latest issue on the UMOA securities market. It secured CFA25 billion by issuing recovery bonds with maturities of 3 and 7 years and a nominal value of CFA10,000.
According to a report released by the UMOA securities agency, 32 investors from the sub-region participated in the operation. They raised CFA81 billion which translates into a coverage rate of...
The Chamber of Trade and Industry of Togo (CCI-Togo) met with Togolese economic operators on June 23 in Lomé. On the occasion, the institution encouraged actors to attend the 17th India-Africa Conclave which will be held in New Delhi on July 19-20, 2022.
The event will focus on economic recovery in a post-Covid context. Canlan Yakpey, secretary-general of the CCIT, said during the meeting...
About a year ago, Togocel lost a dispute with the telecom regulator, ARCEP. At the time, the operator was fined CFA1 billion for inter-network tariff differentiation practices. Now, it could be sanctioned again.
Yesterday, June 23, the regulator summoned a delegation from Togocel. The latter was led by the company’s CEO, Paulin Alazard.
The accusation
This time, the ARCEP blames...
Togolese authorities met with some hotel managers last Monday. The meeting, which took place in Lomé, focused on providing the managers with tools that help mitigate the jihadist threat in the country, as the authorities believe the terrorists may use hotels as hiding places.
Specifically, the operators were given instructions on what to do when passengers arrive and how to manage the police...
In Togo, the District Autonome du Grand Lomé (DAGL) will pump CFA35 million into several projects aimed at protecting and preserving the environment in the capital, Lomé. The funds will be allocated as part of the 2nd edition of the call for projects for Togolese sports federations and associations operating in the Grand Lomé region. The tender, launched by the DAGL on June 21, will expire on...
President Faure Gnassingbé of Togo is still in Doha for the 2nd edition of the Qatar Annual Economic Forum. Yesterday, June 21, during a session titled "In conversation with President Gnassingbé" he revealed the various opportunities his country has to offer investors.
The leader mainly focused on attractive initiatives to develop value chains, especially those that can make the Autonomous...
The Togolese parliament adopted last Thursday two bills that redefine the attributes of the National Agency for Cybersecurity.
Concretely, the first bill covers updated texts that clarify the attributes of the Agency and redefine its strategic directions in cybersecurity in relation to the powers of the Regulatory Authority for Electronic Communications and Posts (ARCEP), regarding the...
President Gnassingbé is in Doha for the second Annual Economic Forum of Qatar. According to the Togolese presidency, he will be there from June 20 to 22.
The leader and his peers will discuss issues like African economies’ recovery, investments, supply chain resilience, inflation and ways to tackle it, the energy transition, and digital economy. Togo will share its experience relative...
In Togo, the Hospital Management Company (SOGEHP), in charge of the operation of the Dogta-Lafiè hospital (formerly called Saint-Pérégrin) launched on Friday 17 June, a capital opening and fundraising operation.
The capital opening aims to diversify 49.975% of the operator’s shareholding, raising CFA25.01 billion in the process. However, the SOGEHP will remain the main shareholder in...
Togo jumped seven spots in the latest Global Peace Index (GPI) released on June 15 by the Institute for Economics and Peace (IEP).
It is among the frican countries that improved their ranking on the Australian think tank’s index. The latter evaluates peace in 163 countries, based on 23 indicators, including deaths from internal and external conflict, terrorism, political instability,...
The Togolese Minister of Economy and Finance, Sani Yaya, recently urged local economic actors to put local production first. The official did so on June 15, at the 2nd annual State-Private sector Consultation Framework meeting in Lomé.
Referring to the negative impacts of the Ukrainian war on African countries, such as the spike in prices of basic commodities, Yaya said: "We must learn...
Togolese travelers no longer need to present a vaccination pass or a negative Covid-19 test before crossing the border into neighboring Benin. This follows a relaxation of control measures announced by Cotonou yesterday, Wednesday, June 15, 2022, at the end of a Council of Ministers.
"As of Thursday, June 16, 2022, at midnight, entry into Benin, both through the land, air, and sea borders,...
The Lomé-based pan-African banking group Ecobank and Mastercard want to support African farmers via the digitalization of agricultural value chains. The two parties sealed a deal to this end this week, according to a statement issued on June 14, 2022.
The deal aims at making it easier for small farmers in sub-Saharan Africa to access Farm Pass, a Mastercard e-commerce platform for...
Orabank is preparing to roll out new features on its multi-service digital banking platform ‘Keaz’ which it launched three years ago.
The new functionalities, currently being tested internally, should, according to the lender, include, among others, transfers to prepaid cards, the delegation of authority, scheduling of payments, generation of "payment tokens", and the possibility for...
The West Africa Food System Resilience Program (FSRP) was officially launched on June 15, 2022. This program, which was announced last November, is supported by the World Bank in Togo and six other countries in West and Central Africa (Burkina Faso, Ghana, Mali, Niger, Sierra Leone, and Chad).
It is a multisectoral initiative with a budget of $716 million whose goal is to “reduce the...
A Togolese delegation was in Washington last week, from June 6 to 10, to report the country’s progress in the Threshold Program to the top management of the Millennium Challenge Corporation (MCC). This program is funded by the U.S. Department of State.
The West African delegation included Cina Lawson, Minister of Digital Economy and Digital Transformation, Christian Trimua, Minister of Human...