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From 200,000 t initially projected in 2022, Togo revised its forecast for cotton output to 225,000 t by 2025.
This is a commitment farmers made to the State and Olam which is the new majority shareholder of the Nouvelle Société Cotonnière du Togo (NSCT). The information was disclosed by Koffi Etoh, coordinator of the National Federation of the Cotton Farmers' Association...
Announced some months ago, the Computer Emergency Response Team (CERT.tg) is officially operational. This was disclosed by Cina Lawson, Togo’s Minister of the digital economy and digital transformation.
The entity was set up by the Government and European cybersecurity expert Asseco Group. Its main mission is to “identify, assess, and tackle any cyberattack against the Togolese State,...
During his recent visit in Russia, Togo’s Minister of foreign affairs, Robert Dussey, said relations between the two countries are going well. This was while showcasing Togolese business opportunities to actors of the Russian private sector.
For his part, Dussey’s Russian counterpart, Sergueï Lavrov, said Russia shows“great interest in actively developing bilateral relations in all...
Togo issued its first recovery bonds (ODR) with a maturity period of 5 years. The securities, fungible treasury bonds, have a nominal value of CFA10,000 and an interest rate of 6.1% per year.
With this operation, Lomé hopes to raise CFA20 billion. According to the UMOA-titres agency, the seccuities are subsidized by the BCEAO. They are eligible for refinancing with this central...
Besides Aztraszenca’s vaccine approved by the WHO, Togo is looking to adopt Russia's Sputnik V vaccine.
“The Covid-19 pandemic is so severe that we believe that any vaccine that has a chance of saving humanity and protect our people is good to try”, Robert Dussey, Togo's minister of foreign affairs, told Sputnik. “It is therefore obvious that during our stay in Russia, we will...
The Nigerian startup, Daystar Power plans to raise $100 million in the next three years, to finance its expansion in Togo and West Africa. The funds which is a debt will be raised through five rounds of $20 million each.
In Togo, the hybrid solar power startup competes against others like Bboxx already active on the Cizo rural power project, Kya energy group.
Daystar, to win new...
Togocom will deploy 5G at the Adétikopé industrial platform (PIA). The two parties signed to this end, a partnership convention on February 16th, 2021.
Togocom also plans to install fiber optics in the whole area.
“This is a major project for the country. We quickly reached out to PIA to make available the latest telecom equipment. Through this partnership, we will deploy fiber...
This year, the UMOA-securities Agency plans to issue recovery bonds which would help WAEMU States raise up to 3,768 billion CFA.
The securities will be issued in partnership with the Central Bank of West African States, to enable eligible beneficiaries to recover from the pandemic.
These countries should be able to subscribe to the bonds at a special Recovery window, UMOA-Titres said.
The...
Last week, Myriam Dossou-d’Almeida, Minister of Grassroots Development, took part in a webinar on the expansion of social protection for informal workers in Togo. The webinar was organized by UNDP Africa and the International Labor Office (ILO).
The goal of the webinar is to make Togo a model for other African countries.
“I talked about social protection and the informal sector in African...
An agropastoral university is going to be built in Kpalimé, a town located in the Kloto prefecture 120 km from Lomé.
This project directly aligns with the Government’s 2020-2025 roadmap according to Majesté Ihou Wateba, Minister for Higher Education and Research who visited the site.
The university will mainly produce agronomists, in situation where the country aims to tap into its...
The National Agency for the Promotion and Guarantee of Financing for SMEs and SMIs (ANPGF) and African Lease Togo have teamed up to help local businesses (SMEs and SMIs notably) get the equipment they need.
Interviewed by Togo First about the initiative, Toussaint Sossou, MD of African Lease Togo, declared that "the ANPGF will provide the financial lessor a credit line to finance equipment...
Togo’s Ministry of Energy and Mines launched a call for proposals targeting local businesses interested in extending medium and low tension power distribution systems in the coastal region and some urban zones. Overall, 32 firms led by young Togolese male and female entrepreneurs will be selected for the project.
This project aligns with the authorities’ ambition to provide its whole...
In Togo, the Ministry of Health recently issued an official statement asking its regional and prefectural officers to start the count of the first targets of its incoming Covid-19 vaccination campaign.
According to the Minister of Health, Prof. Moustafa Mijiyawa, "the first phase of the vaccination will be done with AstraZeneca and it will take place in the coming weeks". The vaccine was...
Regus, the workspace provider which forms part of Swiss-based IWG Holding, announced it would soon open a franchise in Lomé, Togo’s capital.
This, it intends to do in partnership with Confortis International. The move aims to provide a "wide range of workspaces including coworking options, private offices, meeting rooms, or business lounges".
Regus will leverage development facilities and...
The capital of Cofina Togo, the subsidiary of the eponymous meso-finance Ivorian financial group is estimated at Five hundred million CFA
Cofina Togo was to be headed by Kindoh Rodrigue Kouadio, but since he resigned it is finally Charles-Eric Akoumian Moulod who will occupy this position. The substitute was unanimously picked by the firm’s top management.
In Togo, Cofina’s main rival will...
Throughout last year, Venture Capital Funds invested $3.8 million (CFA2.05 billion in Togo’s digital and tech startups. This was disclosed in a recent report by Partech, a transatlantic venture capital fund specialized in ICTs.
Across Africa, tech startups raised about $1.429 billion in 2020, against $2.02 billion in 2019 (-29%) according to the report. The decrease was...