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Page : 261 - Results of 4161 to 4176 from 5862 Results

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21/11/2019
Around 170 suspected terrorists and criminals have recently been arrested near the Togo-Ghana border. The news was disclosed by Ghana's minister for national security, Albert Kan-Dapaah. Some of the suspects were found with illegal weapons. A total of 108 weapons, including locally-made and foreign single/double-barrelled guns, "without any valid document" were seized. The arrests fall under a...
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21/11/2019
On the sidelines of the Africa Investment Forum held in Johannesburg, the European Investment Bank (EIB) signed with the African Trade Insurance Agency (ATI) agreements for the adhesion of three potential members: Cameroon, Niger, and Togo. The agreements "will enable these countries to fully benefit from their adhesion to ATI and to greater investments in sectors like agriculture, power,...
As part of the project to expand Lome's power network, the CEET urges firms interested in building medium and low tension lines, and stations, to submit their proposals latest by January 2020. The works will be financed by the French Development Agency (AFD), the European Union (EU), and the German Development Bank, KfW. Additional information is available at the CEET's head office, at the...
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21/11/2019
After talks of the direct transfer of the BTCI failed, Togolese public policies launched a tender similar to that of UTB's transfer. The government expects to close the lender's privatization in Q1 2020. “This would guarantee financial stability and reduce government’s budget expenses,” says the International Monetary Fund which closely follows the process. The institution argues...
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20/11/2019
Foreign direct investments to Togo should grow by 16% on average per year over the 2019-2024 period. This was forecasted by the International Monetary Fund (IMF).   According to the institution, the figure should reach XOF85.9 billion (up 15.6% compared to last year) this year. By 2024, it should double, reaching about XOF178 billion. The improvement should, IMF says, be driven by a better...
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20/11/2019
Togo exported 388 tons of cashew to the European Union over the past three quarters. This is a notable improvement compared to 2017 and 2018, where the country exported 118 tons and 134 tons respectively to the EU. According to Commodafrica which reported the figures citing N'Kalo, while exports to the Old Continent are going up, those to the US have slumped by 24% over the first three quarters...
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20/11/2019
Four to six integrated agricultural markets should soon be established at the Togo-Benin border. An agreement was signed in this regard last week by Noël Bataka, Togo's minister of agriculture, his counterpart from Benin, Gaston Cossi Dossouhoui, and Lisandro Martin, Regional Director of the International Fund for Agricultural Development (IFAD). This project is part of the regional integrated...
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19/11/2019
Between 2010 and 2018, Togo invested about XOF680 billion to expand and modernize its roads. Overall, more than 800 km of roads were rehabilitated or built over the period. This was revealed on November 18 at a meeting gathering the heads of ECOWAS national cells on the fund for the development and financing of the transport and energy sectors (FODETE) in West Africa. Other major projects...
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19/11/2019
In the framework of the West African Coastal Area Management Program - WACA, which is financed and implemented by the World Bank, Abidjan hosted yesterday the WACAmarketplace.  This was a meeting where Senegal, Mauritania, Sao Tome, Côte d'Ivoire, Benin, and Togo gathered, to present to technical partners and potential backers, their respective projects on tackling coastal erosion and sea...
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19/11/2019
Gozem, the transportation startup, plans to soon launch its operations in Gabon.  This will be the third African market that the firm penetrates. It already operates in Lomé (Togo) and Cotonou (Benin). Founded by Emeka Ajene, the App-based startup recently revealed that it recorded more than 250,000 downloads on Google Playstore since November 2018 when it launched. It has thousands of...
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18/11/2019
From today to next Saturday, the Central Bank of West African States (BCEAO) is holding the second edition of the WAEMU week for financial inclusion. The event's theme is "Digitalization for financial inclusion: Challenges facing the financial sector and the WAEMU States."  Hence, it will focus on risks associated with the use of new financial technologies and ways to protect users of...
Lomé alone concentrates 72.3% of all of Togo's spending, according to data from the Central Bank of West African States (BCEAO).  Apart from Lomé, Abidjan and Dakar are the only other two cities in the West African Monetary Union (WAEMU) to have concentrated more than 60% of national spending (68% and 62% respectively) in their respective countries.  Meanwhile, in Guinea Bissau,...
Comforted by its 59-places progression in the Doing Business 2020, Togo is eying a place in the Top50 of the next report (Doing Business 2021). Ranked 97th in the Doing Business 2020, the country wants to stay on track by projecting a further jump of at least 47 places. The information was brought to the media on Friday 15 November during a press lunch initiated by the Business Climate Unit...
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15/11/2019
Alibaba founder Jack Ma expressed his desire to work with Togolese corporate environment to boost e-payment and empower SMEs. The businessman said that on November 14 after he met with President Faure Gnassingbé in Lomé, on the sidelines of a workshop with young entrepreneurs from Francophone Africa. Jack Ma told young leaders that he and the President discussed ways to develop the education...
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14/11/2019
Overall, Togo's State budget for 2020, revenues and expenditures, has been set to XOF1,466.2 billion, up about 6% compared to previous estimates.  The government announced the increase on November 13 after the ministers' council held the same day.  Expectations were scaled up in prevision of a greater household final consumption expenditure and private investment, spurred by the...
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14/11/2019
On November 13, 2019, the parliament passed a law on the attributes and functioning of the Grand Lomé autonomous district.  The district will be managed by a council of 52 advisors and a district governor. Its communities will be represented by 26 advisors while the other 26 advisors, as well as the district governor, will be appointed by the Head of State.  "This entity was created...
 

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