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On Wednesday, March 31, 2021, Serge Ekue, president of the West African Development Bank (BOAD), announced that the institution plans to double its capital.
“We plan to double the Bank's capital by structuring a capital increase operation in which member states and the BCEAO will be the reference shareholders, with the possible entry into the capital of strategic partners rated AA or...
“The High Inter-State Council proposes to the Heads of State the dissolution of the Communauté Électrique du Bénin (CEB). The chairmen of the High Inter-State Council of the CEB are responsible, each in his or her area of responsibility, for implementing this decision, which takes effect from the date of its signature.”
The decision was taken last week’s ending, during the 105th session...
Initially scheduled for March 11-12, the dialogue on the integration of environmental issues in development challenges will finally take place on April 1 and 2, 2021.
Organized by the National Agency for Environmental Management (ANGE), the event will be sponsored by Togo’s Prime Minister, Victoire Tomegah-Dogbe. It will be held in Lomé.
Placed under the tutelage of the ministry...
Yesterday, March 30, the Project for Reforms and Investments in the Togolese Power Sector (PRISET) was launched.
Financed by the World Bank, the project will help “rehabilitate Lomé’s power network and reduce by one-third the ratio of malfunctioning, which is the main source of outages, by 2022,” said Mila Aziabléé, minister of mines and energy. Concretely, the project covers low...
On March 30, 2021, the Togolese parliament passed a decree approving the digitalization of the process to secure a judicial record. The initiative which falls under the government’s E-Administration project also aligns with the modernization of Togo’s legal system.
Initially expected to be effective next month, the initiative has been postponed to May. “In the meantime, major reforms will...
By the coming year, a health complex dedicated to infectious diseases will be erected in Kara, Northern Togo. Construction works for the facility were officially launched last weekend by the minister of Health and the Ambassador of Germany, the project financer.
The first phase of the project will cost more than CFA2 billion which will partly come from the German cooperation in Togo. The...
On April 10, 2021, a webinar on investment in Togo will be held. The news was revealed by the High Council of the Togolese Diaspora (HCTE), which is behind the initiative, together with Togo Invest.
The webinar will focus on those who dare and entities backing investors, such as existing institutional and financial mechanisms. Moreover, participants will learn more about the structural...
On Monday 29, 2021, Kayi Mivedor and Kodjo Adedze, respectively Togo’s ministers for investment promotion and trade, participated in the Mouvement des Entreprises de France (MEDEF), a virtual meeting where the two officials urged French bosses to invest in Togo. This is in a context where the African country is currently seeking funds to finance its five-year (2020-2025) development...
Rehabilitation works on the Sadori-Mango segment of the Kanté-Tandjouaré road which was visited four months ago by Prime Minister Victoire Sidemeho Tomegah-Dogbe are 80% complete now.
The information was disclosed by Television Togolaise (TVT) citing the minister of public works, Kassah-Traoré.
The road, which was extremely bad, dusty, and the cause of various road accidents, is...
Over CFA500 million will be spent by the National Fund for Professional Training and Perfectionning (FNAFPP) to build and rehabilitate seven school infrastructures. The institution is backed by KfW, Germany’s financial arm.
According to the tender document related to the project, the schools are located in various regions, such as Kara, Dapaong, and Atakpamé.
The consortium...
Sandra Ablamba Johnson, secretary-general of the Togolese Presidency, Prof. Kako Nubukpo, Economic Advisor of the WAEMU, and Kossi Amenounve, MD of the Bourse Régionale des Valeurs Mobilières (BRVM), and some other pan-African figures created A New Road, a think tank dedicated to “boosting access to financing at appropriate and fair conditions, to enhance economic transformation,...
Works to rehabilitate 30km of roads in Atakpamé (161 km from Lomé) were recently launched by the mayor of the Ogou 1 municipality, Yawa Kouigan.
The works should add to the government’s efforts to further modernize Togo. “For many years now, the Togolese government has been implementing ambitious development programs aimed at creating a modern country with a sustainable and inclusive...
Poland - the world’s third-largest apple producer and the first in Europe - wants to reinforce its economic relationships with Togo. In this framework, the new Polish ambassador to Togo, Joanna Tarnawska, met earlier this week with the Togolese minister of trade, industry, and local consumption, Kodjo Adedze.
On this occasion, the diplomat expressed Poland’s interest in various projects...
Togocom and the Axian Foundation, respectively the subsidiary and foundation of the Malagasy group Axian, launched on March 25, two 5-year schemes to support education and health in Togo. The programs which were launched in Lomé are called Nunya Togocom and Lanmesen TMoney.
Through Nunya Togocom, the firm wants to “improve access to primary school and improve education conditions, by...
Togo and Ghana continue negotiations regarding the delimitation of their shared maritime borders. On March 23, 2021, the technical negotiating committee set up for this purpose started a meeting in Lomé.
This meeting, the sixth since the process began, could lead to the elaboration of a draft agreement and a delimitation plan that will be proposed to the governments of both countries for...
The government of Togo has issued new measures to tackle the Covid-19 pandemic in a context where the country faces a surge in cases (over 700 in the past week).
In the council of ministers held on March 25, 2021, Lomé decided to reinforce the Covid-19 Monitoring Mixed Taskforce, adding at least 1000 members of the security and defense forces to the group.
Also, the authorities...