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In Binah, a district located in the northern part of Togo, a rice mill generated CFA432 million over the past two years. The figure was published by the Shared-risk Agricultural Financing Incentive Mechanism (MIFA) which supported the company over the period concerned.
The mill, headed by Aristide Agbossoumonde, produces and processes paddy rice, and sells it under the brand Riz Délice....
Following a tender, four companies - one Tunisian and three locals, have been contracted for the water network displacement project along the 75km-long Sokodé-Bassar road. The beneficiaries will cash in around CFA390 million for their services.
In detail, the Tunisian Soroubat will carry out construction works falling under the project while the other three, BTP CGCO, IMS & A, and...
In the 2021-2022 agricultural campaign, CFA500 million will be dedicated to cattle production development zones (ZAPB). This was reported in the minutes of the council of ministers held on February 10, 2021, in Kara.
A ZAPB is an area where cattle from a given region are raised. It has natural assets and basic social infrastructure such as schools, dispensaries, veterinary clinics,...
For the 2021 calendar year, Togo reduced its legal interest rate to 4.2391%. This was disclosed during the meeting of the council of ministers that was convened on Feb. 10, in Pya (in the Kozah prefecture).
Last year, the rate was 4.5000%, the same as in many countries of the West African Economic and Monetary Union (WAEMU), according to data from the Central Bank of West African States...
Diwa Industries made an investment of CFA7.5 billion that should generate 180 permanent jobs in Togo.
The cooking gas company sells Sodigaz and Enora gas bottles in the country with an annual production capacity of 500,000 cylinders (and 1,200 cylinders per day for requalification). Through this project, Diwa Industries wishes to "position itself as a strategic actor in the African...
Steel Cube Togo announced it would soon create over 1,000 direct jobs, in line with the government's ambition to massively create jobs for the Togolese people. The Kara-based steel producer intends to double its initial projections (400 direct jobs and 800 indirect jobs).
The plant, which runs on 40,000 t of raw material per year, was recently visited by the minister of trade,...
Over the next few months, informal workers will benefit from an old age guarantee. This would be a major achievement considering that they don’t even have a social guarantee.
The government decided to expand this guarantee to informal workers (which was accessible to formal workers only) based on latest data from the International Labor Organization (ILO) which shows that more than three...
The construction of Kara market which started in September 2016, has reached a completion rate of 86.67%.
The progress was observed last Monday by the Minister of trade, industry, and local consumption, Kodzo Adedze. The official visited the project’s site for this purpose.
According to the Minister, companies in charge of “building the market should speed up works to deliver...
On February 8, a 10-day workshop was launched in Kara for the elaboration of the 2021 citizen budget. Experts from the ministry of economy and finance, representatives of civil society organizations, and sectoral ministries are gathered at the event.
The citizen budget is a tool that will shed light on data related to key sectors, which will be made available to the public. The sectors in...
All those settled illegally along the Togolese shores have until March 3rd, 2021, to vacate the public domain. This is the latest warning of the government after the one issued last August.
It came from the Ministers of Territorial Administration, Security, Maritime Economy and Urbanism, in a joint statement. At the set date, “legislative measures and regulations against violations will...
Complexe Cajou du Centre was able to secure 600, 000,000 CFA with the help of the risk-sharing based Incentive Mechanism for Agricultural Financing (MIFA). The funds will be used by the firm to modernize its production.
Complexe Cajou du Centre processes cashew nuts with automated equipment and with this gracious help it was able to create 200 direct jobs, mostly for women, and 100...
Last week, the construction of a new mall in Lomé, Togo’s capital, began. The project is led by the French company, Duvall.
It is presently in the preliminary phase which includes earthworks and scraping. It is going to take three weeks.
The new mall is located not far from the new administrative center which is up north of Lomé’s downtown. It will contain a hypermarket where...
Individuals falsely claiming to be staff of Togo water utility have been extorting from customers, promising to connect them to the firm’s network.
In a recently issued statement, the TdE warned the public saying the fraudsters’ “operating mode is to call clients waiting to get connected with different phone numbers, asking them to contact their Secretariat on another number. Once this is...
Amid the Covid-19 pandemic, microfinance institutions active in Togo considerably lowered loans to the public in the nine first months of 2020. Indeed, after recording two-digit growth in the years before, unpaid loans from these entities had grown by 0.7% only at the end of September 2020, data from the central bank of West African States (Banque centrale des Etats de l’Afrique de l'Ouest -...
Armand Sato is the new boss of Vivendi Africa, Togo. Before that, he was the technical director at Canal+’s Indian Ocean division.
At Vivendi Africa Togo, He replaced Alexandre Cohen (who moved to the headquarters of Canal+ International in Paris). He thus takes the head of Togo’s leading internet access provider (and fiber optics provider as well), with its Canalbox offer.
This...
All those settled illegally along the Togolese shores have until March 3rd, 2021, to vacate the public domain. This is the latest warning of the government after the one issued last August.
It came from the Ministers of Territorial Administration, Security, Maritime Economy and Urbanism, in a joint statement. At the set date, “legislative measures and regulations against violations will...