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The Development Bank of Mali (BDM) was recently introduced to the National Council of Employers of Togo (CNP) by Guindo Amidou, the lender’s MD. BDM-Togo is registered at the Centre de Formalités des Entreprises (CFE).
While the new bank will, in general, conduct all financial, commercial, industrial, and securities operations, its MD talked with Coami Sedolo Tamegnon, chairman of...
Within the framework of the Kennedy Round food aid program and the 2021 economic and social development project, Japan recently donated 500 million Yen (about CFA2.5 billion) to Togo.
The grant agreement was signed on Sept. 16, between Japan’s ambassador to Togo, Hideaki Kuramitsu, and Togolese ministers of agriculture and health, Antoine Lékpa Ggbegbeni and Moustafa Mijiyawa,...
Togo received 101,760 new doses of Astrazeneca from Germany, via the Covax initiative. The donation falls under the country’s Covid-19 vaccination campaign.
According to Prof. Moustafa Mijiyawa, Min. Health, the provision “will further strengthen Togo’s vaccination system,” at a time when “more people are getting vaccinated against Covid-19.” Last Thursday alone, 40,608 people got...
Togo just raised CFA66 billion on the regional financial market through two simultaneous bond issues. Investors in the region pumped around CFA153 billion in the issues, from which Lomé was expecting 60 billion.
The issues recorded a 255% subscription rate; a performance that reflects investors’ confidence in Togolese securities, and a market afloat. The proceeds should finance the...
Togolese SMEs, SMIs, and artisans will soon get part of the public procurements issued by the State. This is one of many reforms found in the public procurement draft bill examined and passed last Wednesday during the council of ministers.
Another reform is the reduction of the time needed to provide public contracts from 180 to 90 days.
The new law should soon be submitted to the...
The French Development Agency (AFD) has spent, so far, CFA130 billion to support projects in Togo. The information was revealed last Tuesday by the Presidency during the first review of the institution’s portfolio.
“The total amount that the AFD invested in Togo is CFA130 billion, including CFA49 billion in subsidies. The portfolio covers ten projects in agriculture, education, professional...
Togo Invest Corporation SA and Kara Investment Fund recently signed an MoU to support Togolese businesses.
Through the deal, the two entities will combine their efforts to “raise funds to support Togolese micro, small, and medium enterprises (MSMEs),” especially businesses in their growing phase.
In detail, the signatories will finance agricultural, clean energy, airport...
Togo will sign the African Medicine Agency (AMA) treaty. The country’s council of ministers recently examined and passed the draft bill that approves the treaty’s ratification.
Through this approval, Lomé wants to “consolidate its efforts relative to the fight against fake and low-quality drugs.” This is the goal of “the Lomé initiative” launched on January 18, 2020, by...
During its latest council of ministers, held on Sept. 15, the Togolese government discussed the creation of a single desk to collect non-tax revenues from the maritime sector.
The ministers examined the project, and discussed the platform's attributes and how it will operate.
The single desk should allow businesses operating in the maritime sector to complete, in a single place, all non-tax...
“Congo wants to emulate the high quality of work done at the Industrial Platform of Adetikopé (PIA), with its modern technologies, to set up its own Special Economic Zones. The world’s future is in Africa, so we must focus on locally processing our products.”
This was declared by Emile Ouosso, Congolese minister of special economic zones, last Monday as he met, in Lomé, with the Togolese...
Togo plans to launch its Electricity for All project (PEPT) next year. In this framework, the country’s minister of energy and mines, Mila Aziablé, was in Côte d’Ivoire on September 9 and 10 to meet with her Ivoirian counterpart, Thomas Camara. Aziablé’s goal was to learn more about Côte d’Ivoire’s experience in terms of electricity.
The Togolese on this occasion also discussed...
Togo’s minister of foreign affairs, Robert Dussey, chaired on Monday the second virtual meeting of the High Committee for the Decade of African roots and diasporas. On the occasion, he advocated for rapid implementation of the decision taken by the Heads of State and Government Conference regarding the 2021-2031 Agenda.
The Togolese diplomat argued that it was necessary to “meet, as fast as...
Eighteen-year-old people can get vaccinated against Covid-19 from now on in Togo. The government announced in a statement released on Sept. 13.
The country, which received new Pfizer and Sinovac shots last week, is deploying the vaccines across the territory. “These shots are being distributed in all of the country’s regions and will be administered to those aged 18 and above,” Lomé wrote...
Seventy-two percent of people living in Togo said they faced moderate or high poverty over the past year. This is one of the major conclusions of a survey that Afrobarometer conducted on Sustainable Development Goals (SDGs).
Under the study, 1,200 adults, all Togolese, were interviewed between December 2020 and January 2021. “The survey’s results present citizens’ opinions regarding 12 of...
Initially set to take place on Sept. 9-10, the fourth international conference on social enterprises and corporate social responsibility (CSR) will effectively be held, virtually, on Sept. 16 and 17 in Lomé. This was disclosed by a source close to the ministry of grassroots development.
Themed “Social Entrepreneurship: A lever to dynamize job creation in local ccoommunities, the event, the...
In Togo, 70% of the people in positions of leadership are women. The West African country is, according to a survey by the International Labor Organization (ILO), ahead of countries like Russia (46%), Sweden (42%), the US (41%), France (36%), and Germany.
“To get to that position in the global ranking, Togo has, for many years, been promoting women leadership, by appointing them at top...