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Ecobank Togo, a subsidiary of the eponymous pan-African banking group, was named best bank of the year by The Banker, a magazine released by Financial Times. The bank received the title during the Banker Awards 2021 held earlier this month.
According to the US magazine, this is the second consecutive year that Ecobank Togo gets the title - an achievement that it owes to its “increased...
BTCI, a fully public Togolese bank, has been officially privatized. It is now part of IB Holding, which is owned by Malian construction mogul Mahamadou Bonkoungou.
Announced last August by the council of ministers, the deal was approved on September 20th by WAEMU’s banking commission. On November 11, the ministry of finance, in a decree obtained by Togo First, authorized the change of...
The Togolese Post office launched its fintech mobile app last Friday. The E-poste app offers mobile banking, bill payment, university fee payment, and bus booking services.
"E-poste offers diversified functionalities ranging from account to account transfers or cash withdrawal to the payment of water and electricity bills, as well as social contributions to the CNSS, taxes to the OTR, and...
Orabank Togo plans to raise CFA25 billion to raise its project-financing capacity and meet part of its needs for development in Togo and other WAEMU countries. To this end, the bank carried out its first receivables securitization on the WAEMU market. The operation will close on December 21, 2021.
The issue is arranged by Africa Link Capital Structuration and the nominal value of each...
Germany will, via the GIZ agency, help Togo make power more accessible in its rural areas. To this end, the two countries signed an agreement last Friday. According to the Togolese Ministry of energy, the parties were respectively represented by Mila Aziable, Togolese minister of energy, and Matthias Veltin, German ambassador to Togo.
Under the deal which aligns with the power autonomous village...
Over the past 11 months, the Lomé Container Terminal (LCT) handled one million containers or 1,450,000 TEU. The figure, disclosed last Tuesday, is a new record for the platform which was launched in 2014. Also, it makes the Togolese port the top port of the Gulf of Guinea, in terms of transhipping.
The LCT also drove Lomé among the top 100 ports worldwide, regarding container traffic. In 2020,...
The Société de Gestion et d'Intermédiation (SGI-Togo) has been allowed to conduct online operations on the BRVM stock market. It obtained, on Nov 25, the approval of the Conseil Régional de l'Epargne Publique et des Marchés Financiers (CREPMF) to do so.
The firm can therefore launch digital services that enable its clients to directly manage their accounts (invest on the BRVM, check their...
Sandra Ablamba Johnson, the Togolese Minister and Secretary-General of the Presidency took part in a top-level meeting held On Dec. 8, in preparation for the fifth UN Conference on Least Developed Countries (LDCs). On this occasion, she made five major recommendations to better leverage international aid and overcome LDCs’ challenges.
Among others, the Togolese official suggested more...
The Togolese Agency for the Promotion of Investments and the Free-Trade Zone (API-ZF) will improve its operational model. The move aims to make Togo more attractive to investors. In this framework, the organization held yesterday an information session to discuss the model it will adopt. Other participants included several representatives of the public and private sectors, amongst other...
The French Development Agency (AFD) awarded a new grant of €8 million (about CFA5.24 billion) to the Ecowas Commission this week. The funds will help the Commission bolster its food storage and security program in West Africa, according to the Regional Agency for Agriculture and Food (ARAA).
In the short term, the three-year facility aims to consolidate achievements of the first phase of...
It is now possible for businesses and professional associations active in Togo to apply to join the national employers’ association (CNP). The 60-year old association recently launched a campaign in this framework.
CNP-Togo offers its new members several advantages, including information services, capacity-building workshops, legal counseling, economic and social advice. It also helps them...
As the year is about to end, Togo has reached its goal to vaccinate at least a million people against Covid-19. About 1.4 million adults (+18 years) have received at least one dose of the vaccine, according to the minister of health who disclosed the figure during the council of ministers held yesterday, Dec. 8.
The official attributes the achievement to the fast-paced vaccination campaign...
CinetPay, an Ivorian payment gateway active in many African countries including Togo, has secured $2.4 million (CFA1.4 billion) in seed funding from 4DX Ventures, a Pan African venture capital fund, and unicorn Flutterwave. The financing will enable the startup to expand its digital payment services in francophone Africa.
CinetPay said it will “boost its sales and marketing efforts across...
Bboxx, a British solar energy startup, has 50,000 customers in Togo. The firm owes this performance to the government’s efforts to democratize access to reliable, clean, and affordable electricity in the country.
Bboxx and EDF are involved in the government’s CIZO scheme to boost access to power in Togo. As part of the program, the British startup provides solar panels to households...
After remaining closed for the past two years, land borders in the ECOWAS land region could reopen next month, on January 1 to be exact. The date was suggested on December 6 during a meeting gathering some of the region’s ministers and the West African Health Organization.
The recommendation, which was addressed to ECOWAS presidents, includes the effective implementation of harmonized...
Known for its eponymous transport and delivery app, the Gozem startup recently revealed plans to offer digital banking and lending services.
In effect, the company wants to enable its users to exchange cash for mobile money, via the Gozem app. "What we are trying to offer is an integrated portfolio solution included in a group of different services,” the startup...