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Sandra Ablamba Johnson, Minister and Secretary-General of the Togolese Presidency, met with Wu Peng, Secretary-General of the Chinese Committee in charge of Monitoring the Forum on China-Africa Cooperation (FOCAC), last Wednesday. On the occasion, the two officials talked about the implementation of several China-backed projects in Togo, among others.
These projects, which are in their...
The Land Reform for Agricultural Productivity (LRAP) project that falls under the Threshold program will receive $8 million in financing from the MCC. This was disclosed on June 29 by OMCA-Togo, the agency in charge of implementing the program.
Besides this, the source announced that it has recruited a dutch firm to provide technical support to Togo for the project: VNG...
The United Kingdom’s export credit agency, UK Export Finance (UKEF), wants to help Togo develop projects in the agriculture and energy sectors. The agency’s executive director, Louis Taylor, and the Togolese Prime Minister, Victoire Tomegah-Dogbe met on June 27 to discuss the possibility of expanding their partnership and achieving UKEF’s ambition.
Specifically, the two parties...
The African Development Bank (AfDB) will back electricity reforms in the Economic Community of West African States (ECOWAS) with $2 million. The Board of Directors of the African Development Fund–AfDB’s concessional window–approved the facility, a technical assistance grant, on June 24 in Abidjan, according to a statement relayed by Ecofin Agency.
The money, which will go to the...
Trade between Togo and China rebounded last year. It reached nearly $3 billion, said on June 28 the Director-General of African Affairs at the Ministry of Foreign Affairs in China, Wu Peng. The Chinese official, who is also Secretary-General of the FOCAC monitoring committee for his country, was in Lomé for a working session with his Togolese counterpart.
According to Peng, the $3...
During its latest council of ministers on June 27, the Togolese government assessed and adopted a decree on the establishment, powers, composition, and operation of a national council for trade agreements (CNAC). The CNAC will be responsible for coordinating, monitoring, and evaluating the implementation of trade agreements involving Togo.
This entity "will ensure a significant participation of...
The UK’s new ambassador to Togo, Harriet Claire Thompson, presented her credentials to the Head of the State, Faure Gnassingbe, on Monday, June 27th. On the occasion, she renewed her country’s commitment to boost cooperation with Togo, in sectors like security, trade, infrastructure, health, and business.
"It is truly an honor to serve as the UK's ambassador to Togo. It is a beautiful...
Togo’s telecom regulator, ARCEP, has imposed a 2.3 billion CFA fine on Togocel–2% of the mobile operator’s certified revenues. The regulator sanctioned Togocel for "serious breaches of its obligation to provide consumers with permanent availability" of mobile electronic communications services, observed since 2020.
The sanction comes 18 months after the ARCEP warned the operator, and a few...
Togo will host the second edition of the Africa Investment Days Forum on October 27 and 28 this year.
The event itself was launched last week, on June 28, in Lomé. Key figures present at the occasion included César Apollinaire Ondo Mve, President of the Common Court of Justice and Arbitration of OHADA (CCJA), which covers 17 African states, Guy Martial Awona, CEO of Orabank Togo, and Ali...
The University of Lome (UL) and the company Togo Terminal signed a memorandum of understanding that will benefit the Institute of Trades of the Sea (I2M). The agreement aligns with efforts to tackle the training-employment mismatch witnessed in Togo’s maritime sector.
The signatories, through the deal, want to develop and co-finance maritime courses provided at the UL, and to let students do...
A Turkish delegation was in Lomé last Friday to plead with Togolese authorities for a reduction in customs taxes on goods sent to the Togolese capital. The request, which aligns with Turkey’s ambition to boost trade with Togo, was made during a meeting with the Togolese Council of Employers.
Reducing custom taxes will, according to Berna Akyildiz, Chairman of the Turkey-Togo Business...
Togo has recorded good performances in several economic sectors over the past few years. According to Sandra Ablamba Johnson, Minister, Secretary-General of the Presidency, the country owes most of these performances and the consequent awards it won, to the World Bank.
The official said during the World Bank open day, held last week, on June 23 and 24, that the World Bank is one of...
The second edition of Togo’s E-commerce week (22 - 28 June 2022) was officially launched last Thursday in Lome. Organized by Togo Pride and sponsored by Ecobank and Togocom, the initiative aims to get more people to understand e-commerce.
The theme picked for this year’s edition is "E-commerce in Togo, challenges, and opportunities in the post-Covid-19 recovery era.” The event hosts...
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...