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Togolese officials presented the various opportunities for investment their country has to offer last Sunday at the Expo Dubai 2020.
Rose Midevor, Togo’s minister for the promotion of investment, was among these officials. She notably talked about Togo’s business climate which is “constantly improving.”
"Improving the business climate is a top priority for the State. The business...
A majority of Togolese citizens believe that Nigeria plays a more positive role than the ECOWAS and the African Union (AU) in Africa. This is according to a recent survey by Afrobaromètre. Conducted over Jan 2020-Jan 2021, the study’s results were released on December 17. It covered a sample population of 1,200 adults.
"On the African continent, ECOWAS (52%) and the sub-regional superpower...
Bolloré Group will sell its transport and logistics unit in Africa to MSC by the end of March 2022. The French and Italian-Swiss groups reached a first agreement on the firm’s value. "The Bolloré Group has granted exclusivity to the MSC Group until March 31, 2022, so that the latter can, at the end of an additional audit phase and contractual negotiations, give it, if necessary, a promise to...
In the West African Economic and Monetary Union (WAEMU), Togo’s road corridor is the second-best performing. This is according to the 2020 report of Observatoire des pratiques anormales (OPA) released last Thursday in Lomé.
The document was published during a workshop organized by the National Committee for Facilitation (CNF), under the chairmanship of the Ministry of Road, Air, and Rail...
To fight illegal, unreported, and unregistered fishing (IUU) fishing, Benin and Togo surveyed their respective waters last week. The three-day operation closed on Tuesday and led to the interception of a vessel and four pirogues which were diverted to the Port of Lomé.
The move is part of the PESCAO project, which is backed by Norway. PESCAO aims to help improve fishing governance in West...
Last Tuesday, the Ministry of Transport launched the pilot project for road security PPRSR in Kpalimé. Through the project, the ministry intends to boost road security by organizing driving license examinations for over 7,000 two and three-wheeler drivers nationwide. It will also raise users’ awareness about traffic regulations and the consequence of some of the driving...
Last Wednesday, Togolese authorities unveiled a digital platform to facilitate and improve the management of health passes.
The mobile platform baptized PassCovid19TG allows residents to have documents like Covid-19 Vaccination Certificates, proof of Covid-19 recovery, and PCR test results in their phones everywhere.
To input his/her data into the app, the user will just scan...
The Togolese Employers’ Council (CNP-Togo) recommends the creation of a CFA50 billion financing fund to revive SMEs and SMIs. According to the recommendation which was made in a study on how Covid-induced health measures impacted businesses in the country, the fund would mainly target businesses that were greatly affected by the pandemic.
In detail, beneficiaries will get 3-6 year loans...
Yesterday, the Togolese Ministry for Foreign Affairs, Regional Integration, and Togolese Abroad held its annual Excellence Awards. Launched in 2014 by Minister Robert Dussey, the event celebrates the ministry's most excellent staff members.
This year, Ibrahim Amadou, Afi Délali Atoko, and Joseph Awoussou won respectively the Award for Excellence, Best Secretary Award, and Best Staff...
The United Nations Development Program (UNDP) raised over $2.5 million (around CFA1.4 billion) from its partners to fund 29 projects in Togo.
“Despite the constraints related to the pandemic, the year 2021 was marked by a 100% implementation rate of Core resources ($6,251,894) and the mobilization of more than $2.5 million from partners to implement 29 projects and...
The High Committee in charge of the Agenda for the Decade of African Roots and the African Diaspora held its third meeting last Monday. On this occasion, all 14 member countries of the initiative adopted the agenda covering the projects that will be implemented in the first years of the decade.
According to the plan, in the first year of the decade, a museum dedicated to African memories will be...
Effective January 1, 2022, new parents will be able to get their children’s birth certificates for free. The news was confirmed yesterday by the Togolese Council of Ministers.
“The council examined a (last) bill establishing the free issue of birth certificates in Togo,” a report from the council reads. This measure, the document adds, “aims to ensure the systematic registration of...
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...