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Quite active in Africa, Aera Group, a French firm that delivers environmental certificates, is looking to reinforce its presence in West Africa, especially in the climate finance sector. In this framework, the president of the company, Fabrice Le Saché, met a few days ago with Togo’s leader, Faure Gnassingbe. He believes Togo is a great starting point in the region.
“Lomé is a major...
The Togolese minister for investment promotion, Rose Kayi Mivedor, signed on April 13, 2021, a memorandum of understanding (MoU) with Singapore Corporation Enterprise (SCE). The signing ceremony was virtual.
Under the MoU, Togo will receive SCE’s support to boost investment in key sectors like agribusiness, industrial zones’ development, infrastructure, and the digital industry....
Togo and France are working on a legal framework that will enable the former to easily leverage the expertise of its diaspora living in the latter. To this effect, an agreement was signed by President Faure Gnassingbé and the French minister of foreign affairs, Jean Yves le Drian, to initiate the "Talents en commun" (Common Talents) project. This was on the sidelines of the visit of the Togolese...
Few days after initiating the renewal of its aerodrome certificate, the Gnassingbe Eyadema International Airport (AIGE) was just issued its health accreditation by Airports Council International (ACI).
“We are proud to have received the Airport Health Accreditation of Airports Council International, ACI. This accreditation validates new travel procedures we put in place, to fight the...
Togo and the Singapore Cooperation Enterprise (SCE) are to sign today an economic and technical partnership agreement, under which the West African nation will benefit from Singapore’s experience to develop its economy.
According to the Togolese minister for investment promotion, Kayi Mivedor, the deal aligns with Lomé’s efforts to boost investments and improve business climate. It...
One of the global leaders of the road infrastructure market, Vinci, is looking to join the project to double the Lomé-Cinkassé road (National Road N°1) in Togo. The French firm will operate through its Togolese subsidiary Sogea-Satom.
Subsequent to a meeting with President Gnassingbé in France, Jean-Michel Guelaud, chairman of Sogean-Satom declared: “The Head of State asked us about...
Akin Dada is the new Group Executive, Corporate and Investment Bank of the Ecobank Transnational Incorporated (ETI) Group. Executive Director of Ecobank Nigeria’s Corporate Bank division since 2017, Dada now takes the place of Amin Manekia who has retired.
A graduate of Warwick Business School, Akin Dada has over 30 years of experience in banking, 26 of which he spent working for...
Togo plans to have a registry dedicated to firms that provide electronic certification services. This aligns with the country's ambition to become a digital hub by 2025.
In this framework, the telecommunication and post regulator (ARCEP) launched a call for expression of interest to select e-administration and trade actors who want to be accredited as Electronic Certification Services' Providers...
Resulting from the recent visit of President Gnassingbé to Emmanuel Macron, President of France, four cooperation agreements were inked between the two nations. Two of them are aimed at boosting access to renewables in Togo.
Under the first agreement, a private-public partnership, Sunna Design, will install 50,000 solar light poles in the West African country. According to the Togolese...
Last Thursday, the Togolese minister of trade, Kodjo Adedze, met with a delegation of chocolate makers who belong to the Chocolatiers Engagés association. On this occasion, the parties present explored the creation in Togo of a robust, and prosperous, cocoa value chain.
Daniel Mercier who chairs the association praised Togo saying he particularly appreciates the “construction of modern...
“Construction works at the Adetikope’s Industrial Platform (PIA) are about 65% complete.” This was disclosed on April 8, 2021, by the platform’s managing director, Jesse Damsky, during a visit by Prime Minister Tomegah-Dogbe on the site.
Also present on the occasion, the minister of trade, Kodjo Adedze said: “Her excellency, the Prime Minister, toured the PIA and noticed that the...
On April 16, Togo will proceed to a triple issue of fungible treasury bonds, with a mobilization target of CFA75 billion.
The respective maturity periods of the bonds that will be issued are five years (60 months), seven years (84 months), and 10 years (120 months). The proceeds, according to UMOA-securities, will be used to restart the economy post-Covid.
“The present issue,...
The Togolese minister for youth employment, Myriam Dossou d’Almeida, visited on April 7, 2021, the Africa Global Recycling (AGR), looking for green job opportunities the company has to offer.
Founded by Edem d’Almeida, AGR raised, in 2018, one million euros to finance its development and expansion strategy across the subregion. According to Sergio Pimenta, vice president of the...
In Togo, the Socété des Moulins Modernes du Togo (SMMT), a company that makes wheat flour and other wheat-based derivatives has recently set up in the industrial free-trade area. The firm thus becomes the direct rival of Société Générale des Moulins du Togo (SGMT), subsidiary of the SOMDIAA group.
Operational since March 7, 2021, the complex has a production unit and a quality...
Henceforth, the registration of Limited Liability Companies (LLCs) in Togo will be exclusively done online. Until the related announcement was made by the minister of Trade, Kodjo Adedze, this process was undertaken both virtually and physically.
“The ministry of trade, industry, and local consumption informs economic operators that from now on they must complete formalities relative to...
In Q1 2021, 4,087 new businesses were registered, against a little more than 3,600 businesses over the same period last year. The 11% increase reflects an ongoing economic recovery amidst the Covid-19 pandemic.
In detail, out of the newly registered businesses in the past quarter, 3,280 or 80% of the total were registered by Togolese and the rest (807 businesses) were registered by...