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Togo now has a national strategy to boost exports to other African countries. This is as African governments are doubling down on efforts to effectively implement the African Continental Free Trade Area (AfCFTA).
On April 29, 2021, Togo’s minister of trade, Kodzo Adedze, made a presentation on the newly adopted strategy. It was during the council of ministers held that...
Last Friday, Togo recorded another successful bond issuance on the regional money market, the WAMU securities market.
The operation, an issue of recovery bonds, was oversubscribed at 262% according to the WAMU securities agency. Indeed, the country raised over CFA52 billion but it will retain only CFA22 billion - the amount it was initially targeting.
The monies will be used by the...
To end speculation in the real estate sector, the Togolese government plans to regulate residential leases. In this framework, a draft decree was examined last Thursday at the Council of Ministers.
Lomé in effect wants to set procedures relating to rental agreements, setting a price ceiling on both the security and damage deposits tenants must pay. According to the government, this...
Timeless Capital Technology, the cryptocurrency fintech set up by former Togolese international soccer player Donaldson Sackey, has a new investor. His name is Änis Ben-Hatira, a Tunisian soccer player who has played many years in the Bundesliga.
The investor’s decision was driven mostly by the growth potential of Timeless Capital Coin, the cryptocurrency created last September by the...
On April 28, 2012, the Togolese government initiated in Lomé the elaboration of a national policy to integrate ICTs into education.
The document aims to promote digital education in a context where the Covid-19 pandemic has forced Togo’s public universities to start their transition to e-learning. The policy’s elaboration also aligns with the nation’s ambition to become a digital...
In Togo, the Ministry of Economy and Finance appointed AfricSearch to gather a group of experts, high-level and junior executives, with different specialties and who operate across various fields. The recruitment aligns with the World Bank's Economic Governance Support Program (PAGE) in the country.
In detail, the recruitment is aimed at bolstering the strategic and operational...
To prepare its upcoming executives to better tackle its challenges, Gozem launched the Graduate Training Program in Togo and Benin. The initiative, which runs for two years, targets a dozen young graduates holding a masters’ in business administration, teaching them everything about the startup’s activities and reinforcing their skills.
“The Graduate Training Program aims to recruit our...
Lomé currently hosts the 9th ordinary general assembly of the African and Malagasy Robusta Coffee Agency (ACRAM), an international association gathering private and public actors of this sector. The event will end on April 30, 2021.
Besides representatives from the ACRAM’s 12 State members, other participants present at the roundtable include representatives of the World Bank, the...
Today, Togo celebrates its 61st independence anniversary. To commemorate the day the country’s first President Sylvanus Olympio declared its independence, a large military parade, preceded by a ceremony of taking up arms, took place this morning at the Place des Fêtes of the Presidency.
The parade was held in the presence of President Gnassingbe, members of the government, and...
On April 26, President Faure Gnassingbe cut the ribbon on the Kekeli Efficient Power plant, three days behind the initially scheduled date.
The ceremony marks the industrial launching of the first production phase of the project, under which 47 MW will be generated (open cycle).
In effect, a 47 MW gas turbine (Siemens SGT-800) was started yesterday. A second turbine, the SST-200...
Togo just announced a new recovery bond issue on the regional debt market - WAEMU securities market. The operation, which should enable the country’s public treasury to raise CFA20 billion, will close on April 30, 2021.
The nominal value of each bond issued is CFA10,000. They will mature over five years, at an interest rate of 5.8% per annum.
The issue’s proceeds will be used to...
Today, Togocel, a subsidiary of the Axian Group, lost its case in court against the Togolese telecom and posts regulator, ARCEP.
The Administrative Chamber of the Supreme Court has rejected Togocel’s claim which states that it was accused and fined CFA1 billion for unfair competition practices and not for infringing the ARCEP’s non-differentiation rule. According to the Supreme court,...
Near last week’s ending, the Malagasy group Axian, through its foundation and its subsidiary Togocom, signed a partnership convention with the NGOs Federation of Togo (FONGTO). The partnership aligns with the implementation of two recently launched programs: Nunya Togocom and Lanmésén TMoney.
In effect, FONGTO which has been acting as a bridge between NGOs and development for over 40...
Between 2014 and 2020, more than 90,000 people received cash transfers, amounting to CFA8.61 billion, from the government of Togo.
The figure was disclosed last week during a virtual meeting between Togolese Prime Minister Victoire Tomegah-Dogbe and Queen Maxima Zorreguieta Cerruti of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development...
Announced in 2018 by the government, the project involving the hybridization of multipurpose platforms’ diesel engines with a solar system (PHMD-PTFM) is at last entering an operational phase. This phase will begin with feasibility studies.
The National Agency for Support to Grassroots Development (ANADEB) which is in charge of the project, is recruiting a consulting firm to...
Last Thursday in Anié, 188km north of Lomé, a new livestock market was inaugurated.
Financed by the European Union (EU) and the French Development Agency (AFD), the new market cost over CFA62 million. It can host more than 2,000 cattle and has an autonomous water supply system.
The infrastructure should enable Togo to “better structure its livestock industry while allowing thousands of...