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Only a few days after Ghislain Awaga publicly tried to reassure concerned investors, the youth and his company - Global Trade Corporation (GTC) - were warned to immediately cease their irregular activities by the Regional Public Savings and Capital Markets Council (CREPMF).
In a statement, the Abidjan-based Council noted: “Global Investment Trading (Liyeplimal), Global Trade...
By 2022, MSC plans to spend €30 million (CFA19.6 billion) to boost the annual capacity of the Lomé Container Terminal (LCT) to 2.7 million twenty-foot equivalent unit (TEU) from 2.2 million TEU now.
This commitment is the first step in the company’s 10-year investment strategy valued at €500 million (CFA328 billion). The latter was revealed in 2019 by Amnar Kanaan,...
The Covid-19 health crisis and its management, economic recovery post-Covid, and digitalization were the main topics covered by Sandra Ablamba Johnson, minister, and secretary-general of the Togolese presidency in charge of the business climate, during the 2021 CIAN Africa Forum held last week. The official intervened on a virtual panel themed “The private sector, a driving force for recovery...
Togo ranks as the sixth-best country in Africa, in terms of ease of doing business. It also ranks as the first-best country in which business is easiest to conduct in the Economic Community of West African States (ECOWAS). This is according to the 2020 barometer of the French Investors’ Council in Africa (CIAN).
Results of the CIAN’s survey were published on March 18, 2021, on the...
The Economic Community of West African States (ECOWAS) took another step towards the operationalization of its competition authority. On March 22, the Advisory Committee of the ECOWAS Regional Competition Authority (ARCC) gathered in Lomé to launch the analysis and validation of this operationalization.
During the five days that the meeting will be held, delegates from ECOWAS member...
The government of Togo launched a call for expression of interest to conduct feasibility studies for investment operations in Dapaong. Interested firms have until May 4, 2021, to submit their bid.
In effect, the studies will help determine if the area is fit for the various activities the PIDU (Project d’Infrastructures et de Développement Urbain) plans to develop there. In addition,...
The information was tweeted this weekend by Shegun Adjadi Bakari, Advisor to the President of the Republic of Togo Faure Essozimna Gnassingbé, in Energy.
The solar photovoltaic plant, built by Amea Togo Solar, a subsidiary of Amea Power, will increase the country's installed capacity to 265 MW, says the AT2ER. It will provide electricity to 600,000 households and 700 small and medium-sized...
Last Friday, Togo again recorded an oversubscription for its issue of fungible Treasury bonds to recover from the Covid-19 pandemic. Lomé raised around CFA54 billion and retained CFA22 billion through the operation, according to figures released by the UMOA-securities agency.
This is the third issue of the country as part of its post-Covid recovery plan. It confirms the country’s status...
On March 18, Togo launched the 50 Million African Women Speaking Program (50 MAWSP). This is a professional social network for women entrepreneurs.
According to the AfDB which is behind the project, it aims to contribute to the economic empowerment of women by providing a networking platform that will allow them to access information on financial and non-financial services. More...
On Wednesday, March 17, Togo's foreign affairs minister, Robert Dussey, met with the German minister for economic cooperation, Gerd Müller. This was in Berlin.
During the meeting, the two men talked about ways to strengthen economic ties between the two countries. In this framework, they signed a letter of intent to accelerate reforms falling under the G20's Compact with Africa...
“Togo is the country where doing business is the easiest.” These were the words of President Faure Gnassingbé at the opening of the 2021 Economic Forum of the Council of French Investors in Africa (CIAN).
The Togolese leader, while highlighting his country's performance in the latest Doing Business report and its resilience amidst the ongoing pandemic, reminded of Togo's ambitions...
In Togo, representatives of the public administration, economic operators, and trade union leaders, began on March 17 in Adétikopé (a northern suburb of Lomé), a workshop to draw a draft collective agreement for sea traders.
The works, launched by Ismaël Komi KODJO, Director of Cabinet of the Minister of Maritime Economy, Fisheries, and Coastal Protection, will last three days. Stakeholders...
Togo, Nigeria, and Ghana are harmonizing professional skill standards in the following sectors of activity: plumbing, masonry, and poultry farming.
Indeed, experts from these countries are gathered in Lomé, since Tuesday, for a 5-day workshop dedicated to this project. Concretely, participants are working to design a regional trade and professional activities repository.
"Togo will work on the...
Togo's power utility, Compagnie Energie Electrique du Togo (CEET), and the cement producer Cimtogo - subsidiary of the HeidelbergCement Group - have issued two separate press releases denouncing scams featuring their brands.
The CEET said some ill-intended individuals have been, supposedly on its behalf, promising people it will launch or accelerate the process to get them connected to the grid,...
Togo is extending the State of Health Emergency, for the fourth consecutive time since it was first declared by President Faure Essozimna Gnassingbé on April 2, 2020, to curb the spread of Covid-19.
The decision was approved by the national assembly after a request was submitted by PM Victoire Tomégah-Dogbé on March 16, 2021.
"We remain concerned about protecting our people and we urge...
The Togolese government plans to map out its fishing areas to boost industrial fishing. This was disclosed by Kokou Edem Tengue, minister of fishing and maritime economy.
The move is part of a larger project to modernize sea fishing in Togo. In the framework of the latter, the authorities are seeking a firm to conduct related feasibility studies.
The same project should identify the...