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Very soon, five modern gari production units will be set up in the Vo prefecture. The project, which is backed by the MIFA, was revealed last week during a visit by President Gnassingbé in Gnita, a village located in the Akoumapé district.
The first of the five production units will be located in this village. It will cost XOF50 million. There, hundreds of women make gari, which comes...
The 6th edition of the AGAU RÂ meetings will be held in Kara, on May 8-9, 2020.
On the first day of the event, there will be workshops aimed at boosting entrepreneurial capacities. Participants will learn about the conception and profitability of a Youtube page, conception of off-ground agricultural kits, robotics programming, etc.
On the second day, they will attend...
The Togolese Revenue Authority (OTR) recalls that the second and third fiscal stamps have been suppressed with the establishment of the single land desk.
The reminder comes as some surveyors, who are the link between landowners and the land administration, keep receiving payments for the operations, due to the ignorance of their clients relative to the reform.
A few Togolese know...
The Abu Dhabi Fund for Development will loan Togo $15 million to build the Blitta solar PV plant. The related agreement was signed by the Togolese minister of economy and finance, Sani Yaya, and an IRENA representative, at the 10th general assembly of the International Renewable Energy Agency (IRENA), in Abu Dhabi.
The funds add to the $11 million recently approved by the West...
Togo’s rural electrification and renewable energy agency (AT2ER) seeks investors to build two solar plants in Kara and the Central region. The two facilities will have a combined capacity of 60 and 80 MWac (Megawatt alternating current).
The AT2ER has in this framework issued a pre-qualification notice targeting private actors interested in the projects. Phases they will cover include the...
Over the first 11 months of 2019, Togo was Africa’s leading country, in terms of attracted foreign investments. This was reported by FDI Intelligence, which is a specialist division from the Financial Times providing industry-leading insight and analysis on crossborder expansion, greenfield inward investment and foreign direct investment trends.
From January to November last year, Togo...
Nearly 200 young entrepreneurs gathered yesterday for the first session of the Jeudi J’ose meeting of the year.
This is the 51st session of this monthly event organized by the FAIEJ. It focused on planning towards the good achievement of goals throughout the year.
‘Jeudi J’ose’ was launched in 2015 and takes place every second Thursday of the month. Its purpose is to get...
January
Government adopts a legal framework for the production, distribution, and commercialization of renewable energies
The government’s goal here is to “tackle issues spurred by the insufficient power availability, increase the related capacity,” as well as reduce the county’s dependency regarding electricity.
February
Green Climate Fund backs transition to clean energy in...
Next April, Lomé should host the Etats Généraux de l’Eco summit. An initiative of the Togolese economist and former minister, Kako Nubukpo, the event should gather various experts who will discuss the Eco - which is expected to soon become West Africa’s new currency.
The theme of the summit is: “Which currency for which development in West Africa? Eco 2020.”
Eminent African...
Since it was launched in 2014, the National Fund for Inclusive Finance (FNFI) claims it lent XOF87 billion to more than a million people.
Last year alone, the fund registered 35,812 new beneficiaries and more than 32,000 renewals.
According to reliable sources, the average reimbursement rate for the loans is 93%.
Part of the loans, it should be emphasized, went to annexed programs...
Gozem plans to expand to nine more countries in West, Central, and East Africa, in the next two years.
In West Africa, the transportation startup intends to extend its footprint to Nigeria, Ghana, Senegal, Côte d’Ivoire, and Burkina Faso. Meanwhile, in Central and East Africa, it eyes Cameroon, DR Congo, and Rwanda.
After barely a year of existence, the Gozem has recorded more...
This year, HeidelbergCement will expand its Togolese subsidiary, Cimtogo, spending more than $30 million in the process. Eric Goulignac, MD of the German firm’s subsidiary, revealed this to the press on January 8.
Goulignac said: “This investment shows that HeidelbergCement believes in the growth potential of the Togolese economy, and is a way to contribute to its development, by...
Yesterday, the UMOA securities market launched its second annual meeting in Dakar, Senegal.
This year, the event focuses on this market’s challenges, especially on ways to consolidate its leadership. According to UMOA-Securities’ managing director, Adrien Diouf, “the goal this year is to mobilize the whole financial sphere of our region to innovate and get more investors -...
The people of Kara will soon benefit from government-led initiatives, to improve the health sector in the region.
The initiatives will be specifically implemented by the national agropole development agency (APRODAT) and the South Korean foundation, Saemaul. They aim to better help communities in Kara adapt to the agricultural hub (‘agropole’) which is being established...
On January 21-22, there will be a forum for agricultural entrepreneurs.
On the occasion, 1,000 of these entrepreneurs will be pre-selected to take part in a training workshop baptized “Camp du Futur.” Out of these, 500 candidates -with the best business plans for their projects - will get incubated.
Next, 150 of them will get financial and technical support over a one-year...
Oragroup recently became one of the top 10 most dynamic firms listed on the BRVM - West Africa’s regional stock market. The news was disclosed by the stock market after its quarterly review of its stock indexes.
Thus, the bank joins others like Total SN, CIE, CI, and becomes the second company based in Lomé, besides Ecobank, to be on the list.
Here are, in order, BRVM’s...