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Togo’s public treasury raised CFA27.5 billion on the WAEMU public securities market last Friday. This is the third 10-year maturity issue of the country in 2021; the first and second were carried out in April and July, respectively.
Just like with the two previous issues, the country was initially seeking CFA25 billion on the regional market. Nominal value - CFA10,000 - and interest rate...
Public junior and high school students will pay no registration or school fees in the 2021-2022 academic year. This was just disclosed by the Togolese government.
The authorities said the move aims to “cushion the pandemic’s impact on vulnerable populations,” and aligns with “efforts to boost the resilience of Togolese populations.”
This social action adds to others taken by the...
Ten more villages have been selected to take part in the pilot phase of the ecovillage project. In this framework, a workshop was held in Lomé on August 17. It regrouped officials from the ministry of environment and forest resources, as well as experts of the UNDP which backs the initiative.
The workshop aimed to validate a strategic plan to transform the selected villages, namely Danyi,...
Ivorian startup Cinetpay announced the launch of a digital payment platform for school and university fees in Togo.
According to the press release relaying the information, the Ivorian startup’s platform regroups electronic payment terminals (EPTs) and web platforms that will enable schools and universities to collect registration and tuition fees via mobile money and other electronic...
The government will proceed to an external audit of digital cash transfers made as part of the basic services and social nets project (FSB). The call for expression of interest to hire an auditor closes today, Aug. 20.
The selected firm will, among others, check that the funds were received and make sure they are and if related SIM cards were effectively distributed and registered.
A survey...
Togo’s Trade and Industry Chamber (CCIT) will have new management in the coming weeks. A preparatory meeting was held Tuesday in this regard. The meeting was led by Kodjo Adedze, minister of trade.
On this occasion, the official asked actors present to set up an “inclusive” trade chamber. “The election of new managers has been suspended to have an inclusive chamber, one that...
All inner roads of the autonomous port of Lomé (PAL) have been rehabilitated. This will make the platform more competitive and attractive, according to its authorities who disclosed the information.
“A modern road system inside the Autonomous Port of Lomé ensures better circulation of people and goods, security, safety and speed in handling goods,” the PAL authorities...
PIA Togo inaugurated its dry port at the end of the previous week. The port, established by a presidential decree issued three months ago, has received its first four containers.
The equipment received will be used to test yard density, review and optimize container storage, PIA’s management informed.
The dry port, or Inland Container Depot (ICD), spans over 20 ha and can receive...
To fund its economic recovery, after the pandemic, Togo will seek CFA25 billion on the WAEMU securities market. The related issue will close next Friday.
The country issued new covid-19 recovery bonds, with a 10-year maturity, a nominal value of CFA10,000, and an interest rate of 6.15% per annum.
So far into the year, Togo has raised CFA408 billion on the WAEMU-securities market. In this...
Since it was established in 2012, the FAIEJ - a mechanism supporting young entrepreneurs -has loaned CFA4.5 billion to 3,600 startups, says the government.
In detail, the entity helped create 12,792 jobs, train 22,832 people, and sensitize 130,077 others. The population targeted by the FAIEJ are youth between the ages of 18 to 35, and sectors it focuses on include agriculture, agro-food...
A husbandry co-op training school (IFAD) will open in Barkoissi, by the end of October. In this framework, said the institution’s management on Aug 16, an exam to recruit the first batch (90 people) of students will soon take place.
Youth, aged from 16 to 29, who hold at least a junior-high certificate are eligible. The trainees will be taught how to raise cattle and poultry, and get training...
The 2022-2024 multi-year economic and budget planning document (DPBEP) was approved at the latest council of ministers, held on August 11.
The document, which was presented by Sani Yaya, Togo’s minister of economy and finance, should be adopted by the government in the following months. After that, it will be examined and discussed by the parliament, before they pass it as the new budget...
Between 2019 and 2020, the number of travelers passing through Lomé’s airport (AIGE) fell by nearly 50%. From 916,659 people, it reduced to 459,961, said the Togolese ministry of road, air, and railway transports.
The drastic drop was due to Covid-19, according to the ministry. As soon as the pandemic broke out in the country, the government had decided to shut air and road borders....
IB Holding, owned by construction mogul Mahamadou Bonkoungou, will get an 8.2% stake in the BTCI, one of Togo’s two remaining State-owned banks. This was disclosed by the government at the end of the council of ministers held on August 11.
Lomé said it has started selling part of its stake in the lender’s shareholding, “in line with its ambition to build partnerships with the...
To this end, the ministry of trade and industry issued a notice of interest to hire a firm that will handle the process.
The firm will, in detail, proceed to an assessment of the trade sector, recommend steps needed to tackle the challenges that this industry faces, and identify major commercial trends in The Togolese government looks to update the national policy for trade development...
The Togolese ministry for investment promotion launched two digital portals yesterday.
The first website (www.investirautogo.tg) provides specific, detailed information on 13 administrative procedures to go through when investing in Togo. The second platform (www.apizf.tg) is the website of the investment promotion and free-trade zone agency (API-ZF). It presents advantages of the various...