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About 15,000 transit passengers have been registered at the airport of Lomé since it reopened two months ago.
The figure was released by the National Agency of Civil Aviation (ANAC Togo) which is taking stock of its activities after the resumption.
"We are satisfied," said Colonel Gnama Latta, head of the agency, noting that 90% of planned activities have been completed, per the...
Togolese authorities are planning talks to potentially reevaluate the interprofessional guaranteed minimum wage (SMIG).
The amount which currently ranges between CFA35,000 and CFA38,000 could increase after the talks.
This was reported by République Togolaise citing the minister in charge of relations with public institutions, Christian Trimua.
According to Trimua, the projected...
With a market share of 12.8%, the Lomé-based pan-African group Ecobank Transnational Incorporated was the leading bank in the West African Economic and Monetary Union (WAEMU) in 2019.
According to Agence EcoFin which reported the news, the holding came ahead of French group Société Générale (10.1% of the market), and Moroccan Bank of Africa and Atlantic Business International (9.7%...
Over the past quarter, 3,464 new businesses have been registered in Togo, according to statistics of the Centre de Formalités des Entreprises (CFE).
Respectively, 1,201 were created in July, 1,181 in August, and 1,082 in September. Overall, compared to the same quarter in 2019, 500 more businesses were registered this year.
Togolese citizens established 75% of businesses...
Besides boosting social inclusion and human capital, the priorities of the new government are to develop logistics and agriculture. Victoria Dogbé, Togo’s PM, mentioned this last Friday while revealing her general policy to the parliament.
Agriculture
To tackle the challenges this sector faces, the new government should pursue the same path as the former and buttress key axes. Four...
Togo gained 18 places in the 2020 economic freedom index published by the Heritage Foundation. The country is the 140th freest country (over 180 countries worldwide) and 29th out of 51 countries in Africa.
Despite still being considered as mostly unfree by the Foundation, the economic freedom score of Togo increased by 3.8 points to stand at 54.1 points.
The index covers 12...
Alongside 27 other countries, Togo will benefit from a second six-month tranche debt relief service of the International Monetary Fund (IMF).
The new tranche was approved on Oct. 2 by the IMF’s board, through the institution’s Catastrophe Containment and Relief Trust (CCRT). It is estimated at $227 million (grants).
From Oct.14 to 13 April 2021, the funds will help the...
Togo Invest (TI) will take part in the large-scale mining (a 20-year renewable license) of the Ledjoblibo clay deposit in the Dankpen district (about 90 km from Kara, which is 420 km north of Lomé).
The State holding was urged to join the project by the minister of mines who believes this will improve its governance.
According to studies conducted so far, the deposit is of...
Fourteen businesses, owned by women and youths, will compete to land a deal with the General Directorate of Public Works (DGTP).
The contract covers technical studies for the rehabilitation or construction of some offices of the regional directorates of public works, sectors, and the rural roads directorate.
The firm selected will also take care of preparing the tender document for the works in...
Togo’s external debt is mostly owed to commercial banks, Asian banks notably. The information is in a report recently published by the ministry of economy and finance.
The document, which covers the first half of 2020, indicates that the Eximbank of China, Eximbank of India, MUFG Bank (Japan), and Société Générale hold more than 50% of the West African nation’s external debt -...
Within the next two years, the government plans to build at least 20,000 social housing units.
The project, which is part of Togo’s urbanization plan (and the national development plan), was recalled by the new minister of housing, Koffi Tsolenyanu, on World Habitat Day.
The theme of the event for this year is “Housing for all and improving the urban environment.”
On...
Edem Kokou Tengue is the new Minister of Maritime Economy, Fisheries and Coastal Protection in Togo.
The announcement was made on Thursday by the Secretary-General of the Presidency, Sandra Johnson. Edem Tengue, who was until his appointment the Managing Director of the Togolese branch of Danish integrated shipping company Maersk, joins a new government focused on the national development plan...
Togo Invest (TI) recently started elaborating on its 2021-2025 strategic plan. The document should allow the state holding to easily carry out its various projects, as well as guarantee and investment operations.
Additionally, it “will help develop innovative and sustainable solutions to identify financing resources, attract more investments with great socio-economic impact and...
Economic growth in the West African Economic and Monetary Union (WAEMU) should stand at 1.3% in 2020, thus 5 percentage points down from 6.1% in 2019.
According to the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO), the new forecast is better than what was expected considering the impact of Covid-19 on economies in the region.
In the WAEMU, “GDP slumped by 2% in the...
After recording outstanding performances throughout the past three quarters, Togo plans to raise CFA60 billion on the WAEMU securities market this quarter.
To this end, the country will issue fungible treasury bonds and bills - for CFA40 billion and CFA20 billion respectively. In detail, two issues of fungible treasury bonds, with respective targets of 25 billion and 15 billion, are...
Mila Aziable, 29, is the new Minister Delegate to the President of the Republic, in charge of Energy and Mines.
She thus leaves her position as a gas operations engineer at GRTGaz, a subsidiary of ENGIE which is the world’s third-largest power developer, to become Togo’s youngest minister. Aziable replaces Marc Ably Bidamon who had been holding the seat since 2015.
After...