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Last Friday, Togo successfully proceeded to its first issuance on the regional debt market for this quarter. The country which sought XOF20 billion through the operation was able to mobilize more than XOF47 billion, which represents a coverage rate of almost 237%.
However, according to the UMOA-securities agency, Togo's public treasury will retain only XOF22 billion in line with its...
Danish lease firm, African Lease and Trade, obtained last August 16th the approval to operate in Togo.
Last Thursday, during the third national council on credit, Togo's minister of development planning and cooperation indicated that the firm is "allowed to carry out leasing, payment and factoring transactions."
Situated in Lomé, African Lease Togo is tasked with increasing...
From 2014 to 2019, the proportion of Togolese of more than 15 years old having an account at a bank, a microfinance institution and postal services (such as Eco CCP) soared by 24%, from 50% to 74%. This was disclosed last Thursday by Demba Tignokpa, the minister of planning, at the third session of the National Council of Credit (CNC).
The increase was spurred by dynamism in the...
At the penultimate stage of the EDF Pulse Africa Tour hosted in Lomé last Tuesday, Energy Cycle was selected to represent Togo at the finals of the EDF Pulse Africa contest.
The startup, founded by Adakpo Boutamekpo, was running against four other local startups for the position. The jury which selected Energy Cycle was composed of Astria Fataki, chairman of Energy Generation, Marc Vizy,...
The World Health Organization (WHO) is currently holding in Lomé a four-day workshop for public health officers from Benin, Cameroon, Guinea, Mali, and Togo. The experts will be taught how to assess monies spent on health by populations, by using the most recent data.
In detail, participants will learn about ways to estimate indicators of financial protection in the health sectors,...
Worldwide, Togo recorded the highest proportion of female inventors who applied for a patent between 1998 and 2017, 57.14% exactly. This was revealed in a recent study from the UK's intellectual property office.
The study which assessed 120 countries explored gender profiles in worldwide patenting.
After Togo follows Uganda where the proportion of female inventors in patent...
The US embassy in Togo has recently granted XOF35.2 million to seventeen community groups and associations in the country. This is under its Self-Help program to encourage local populations and improve their living standards.
With the facility, these organizations will launch income-generating projects, agricultural transformation projects, acquire equipment for schools, or help the...
Yesterday in Lomé, the first stage of a battery of training workshops dedicated to financial inclusion that will be organized over the whole country was launched.
This was done by Prince-Agbodjan, representative of Mazamesso Assih, State Secretary in charge of financial inclusion and the informal sector. On the occasion, he said the training is essential to teach Togolese how to manage...
A Togolese delegation is currently in Paris where it is attending the International French Travel Market Top Resa. The mission of this delegation which regroups representatives from the ministry of tourism, hotels, travel agencies, and Miss Togo 2019, is to boost Togo's visibility on the French market and attract more French tourists to the country, according to the Togolese Ministry of...
On Tuesday, the Togolese Revenue Office (OTR) launched a fair to "facilitate registration and customs clearance formalities for bikes not yet registered but in use in the country."
According to the related communiqué signed by the OTR's head commissioner, Philippe Kokou Tchodié, a reduction of 45% is granted on the customs value for all types of bikes.
The document, however,...
During their most recent session on October 1, 2019, Togolese deputies discussed security issues impairing air transport and services, as well as the Single African Air Transport Market (SAATM).
The parliamentarians adopted two ratification projects. The first is the protocol to amend the convention on offenses and certain other acts committed on board an aircraft (Montreal, April 4, 2014), to...
Spurred by new reforms, the number of businesses created in Togo over the first 8 months of this year were up 7% compared to last year, over the same period. Indeed, data from the Center for Business Formalities puts this figure at 9,895 between January and August 2019, against 9,205 in 2018.
The trend should be sustained given economic recovery and the various measures implemented to...
A consultant is being sought after in the framework of an investigation to assess the level of utilization of ICTs in Togo and how beneficiaries of the WARCIP perceive the project. According to a document from the ministry of the digital economy, the related call for expression of interest will close next Friday.
The hired consultant will collect from the surveyed population their...
On Sept.30, the Lomé City project was effectively launched after an experimentation phase.
The tool, a digital directory, is available on Play Store, on the project's dedicated website (www.lome-city.com) and its Facebook page. It aims to "serve as a compass for the people of Lomé, as well as a reference among other local guides," according to Osspiss Ogname, its...
After Burkina Faso, the delegation from the Alliance for the Promotion of the Port of Lomé (A2PL) was in Mali last week, in the framework of its mission to promote the infrastructure across the Sahel. Talks took place between Sept. 25 and 30 at the Chamber of Commerce and Industry of Mali (CCIM).
On this occasion, Remy Moevi, Vice President of Togo's Chamber of Commerce and Industry...
In Togo, a digital campaign has been launched to identify and formalize business owners operating in the informal sector. The campaign which is on Twitter is led by the State Secretary for financial inclusion and the informal sector and the Delegation in Charge of the Informal Sector's Organization (DOSI).
In the framework of the campaign, Togolese twitter users are urged to, using the...