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The African Development Bank (AfDB) recently published its 2021 Africa economic outlook report. Titled “From Debt Resolution to Growth: the Road Ahead for Africa,” the 200-page document dives into the issue of debt and assesses the performances of African economies amid the ongoing pandemic.
Togo, according to the report’s authors, should record a rapid economic recovery. They state...
After recently making the headlines, Ghislain Awaga, the young Togolese who made a fortune with trading is “facing some economic difficulties” with his company Global Trade Corporation (GTC).
The firm, for some months now, has stopped paying its investors. A situation which its promoter, Awaga himself, attributes to the company’s migration towards the real economy.
The young...
Last week, in Notsè (Plateaux region), local communities established the Intermunicipal Association for the Development of the Plateaux region (AIDAP). The association’s purpose is the concerted management of agro-pastoral infrastructures and the planification of joint actions to develop the region.
“We came here to assess and adopt rules that will set up the association of...
Togo’s telecom regulator, ARCEP, plans to update the postal regulation in place in the country.
In effect, the regulator launched a process to recruit a consultant to perform this task. The process will close on March 19, 2021.
The current regulation, it should be noted, dates from 1999. This is in a context where the Postal Office keeps diversifying its activities. Indeed, in...
Three Togolese were among the Top 10 bearers of the most innovative AI projects drawn by the jury of the World Africa Startups Summit (WASS) which will be held from April 8 to 10, 2021, in Lomé.
Out of 50 projects submitted by candidates from eight countries, Dobbee Pay, Solimi Fintech, and Artybe, which are respectively spearheaded by the Togolese Kokou Nouvor, Egbidi Matina, and Nouhova...
After two successful issues, Togo plans to raise by March 19, CFA20 billion on the regional financial market.
This time, Lomé will issue public treasury bonds, which will mature over seven years. According to the UMOA-securities, the bonds (recovery bonds) have a nominal value of CFA10,000 each and an interest rate of 6.3% per year.
Let it be noted that Togo mobilized CFA62 billion...
In Togo, the UNDP office backs the ongoing decentralization launched in the country. Indeed, the UN agency recently donated IT equipment and office furniture for 60 local communities.
The donation, worth CFA190 million, should enable beneficiaries to better operate while improving the quality of public services provided to populations.
During the ceremony for the provision of the...
The government of Togo will audit its economic development policies and plans. This will be done by the OECD’s development center.
Last Friday, PM Dogbé launched the Examination of Economic Transformation Policies in Togo (EPTE) as the authorities called the initiative.
The latter should improve governance and reinforce partnerships for economic transformation in the...
On March 18, 2021, Sandra Ablamba Johnson will participate in a virtual roundtable themed ‘The private sector, a driving force for recovery.’ The event will take place in the framework of the CIAN’s 2021 Africa Forum.
Mrs. Johnson, who is the General Secretary of the Presidency and Chairman of the Committee Steering Togo’s Business Climate Cell (CCA), will on this occasion talk...
The World Bank has approved $70 million (CFA38.5 billion) to enable Togo to take an important step towards expanding health coverage to its entire population, which until now was reserved for public servants.
In a press release sent to Togo First, the Bretton Woods institution says that it wants, through this support, "to help Togo lay the foundations for Universal Health Coverage...
The Regional Off-Grid Electricity Access Project (ROGEP) will benefit from an additional $22.5 million (CFA12.3 billion). The facility was approved on March 11, 2021, by the World Bank.
These resources allocated in the form of grants from the International Development Association (IDA) and the Clean Technology Fund (CTF) aim to support the development of the market for stand-alone solar...
Between 2019 and 2020, the overall traffic of the Port of Lomé increased by about 12%, from about 22.7 million tons to about 25.5 million tons, according to provisional data provided by the port authorities.
In detail, imports recorded at the port grew by almost 15% over the period, from 6.5 million tons to 7.5 million tons. As for exports (national exports and transit combined), they soared by...
Agbanga Karité Alaffia, the shea nut processing firm owned by the Togolese Olowo-N’djo Tchala, will receive financing from the West Africa Trade & Investment Hub. The latter is a trade hub financed by USAID. It supports private businesses in West Africa, regarding sustainable development issues.
The investment will be used to “purchase shea nut supplies and others...
On March 8, 2021, the Central Bank of West African States (BCEAO) injected CFA218 billion into Togo’s banking market, at an interest rate of 2%.
This loan is part of a larger amount - CFA3,419 billion - the Bank gave to commercial banks across the countries it covers. The facility is one of the weekly disbursements the BCEAO provides to the region’s 92 lenders.
Out of the total...
To set up his cement factory in Togo, Inoussa Kanazoe, CEO of Cim Metal Group, will spend CFA65 billion. The plant, which will mark the beginning of the group’s activities in the country, is set to produce 25 million tons of cement per year.
The news was disclosed by Bassirou Sana, director of Cimco (Togolese subsidiary of Cim Metal Group). The executive said the plant should open next...
AfricSearch Togo has been picked to recruit the members of the Management Team in charge of the e-ID Togo project. The task was trusted to the subsidiary of the eponymous human resources consulting firm by the ministry of the digital economy and digital transformation.
In detail, the firm will find around 20 people, including a project manager. The deadline for application is March 22,...