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Ivorian Christopher Balliet Bléziri is the new country representative of the International Finance Corporation (IFC) in Togo.
Among others, he will work to “increase the IFC’s actions in key sectors like infrastructures, agribusiness, industry, and will give particular attention to access to financing for SMEs in Togo.”
Bléziri has a “solid experience in the structuring of...
More than 50% of the investments made by the African Development Bank (AfDB) in West Africa were dedicated to transport and energy.
About $1.6 billion was invested in the transport sector by the institution, across ECOWAS, while over $9.6 million was spent on projects aimed at boosting access to energy in the region.
The figures were disclosed last week during a virtual...
The construction of the 161kV transmission line in northern Togo has officially started. It was launched on December 3, 2020, by the minister of energy and mines, in Kara.
The works include engineering, supplying energy to and laying the line over 240km. Also, there will be multiple transmission stations connecting the following areas: Kara, Mango, Dapaong, Naki, and Mandouri.
Financed...
Ecobank-Togo was awarded the Banker’s Bank of the Year title for 2020. The awards ceremony was held online on December 2, 2020.
The pan-African lender owes its achievement to multiple initiatives such as updating its main banking application, fighting Covid-19, canceling or reducing charges on some transfers, or the increase in limits for daily transactions via mobile banking...
A feasibility study is underway to rehabilitate the Kamina site (20km from Atakpamé), a vestige of colonial history and tourist heritage. The study will define the financing mechanisms necessary for rehabilitation.
This project is one of many similar projects initiated by the country in recent years to valorize its cultural and touristic heritage. All these projects fall under the second...
Starting from December 15, 2020, quality controls for private producers of drinking water (in a sachet or bottled) will resume.
The news was disclosed by the ministry of water and rural hydraulics which added that the inter-ministerial committee in charge of the controls will restart activities at the set date.
The resumption comes in a context where “production and marketing of...
Over the next five years, the African Development Bank (AfDB) plans to inject around five billion dollars in integration projects across the ECOWAS.
In effect, on November 26, 2020, as it launched its West Africa Regional Integration Strategy Paper 2020-2025, the Abidjan-based Bank said it would heavily invest in the development of transport and technology infrastructures.
The strategy...
In 2017, all 23 companies active in Togo’s extractive industry generated around CFA13.2 billion for the State. 86% of the sum came from mines (around 75%) and quarries (12%) and were allocated to the national budget. The rest (around 14%) came from the exploitation of groundwaters (6.7%), gold sales (6.5%), and artisanal mining (which represented 0.1% of budget revenues.
The...
On November 30, 2020, Togo received the green light to ratify the Bangui agreement on the creation of an African Intellectual Property Organization (AIPO).
According to the national assembly, the document is “a legal tool that enables Togo to better protect inventions and creations, and to efficiently fight counterfeiting, especially that of pharmaceutical products.”
Meanwhile,...
Orabank Togo partnered with Miaplenou, a local startup, to launch an e-commerce service that enables users to make purchases with their banking card (Visa or MasterCard).
“The new service, designed for sellers who have a website, allows them to sell but also receive payments safely with Visa or MasterCard from customers,” affirmed Guy-Martial Awona, MD of Orabank...
Ecobank announced it will launch a program to finance and support female African entrepreneurs. The program baptized Ellever mainly aims to help the businesswomen, in all 33 countries where the Lomé-based group is present, boost their turnover through financial solutions and added-value services.
Ellever will also allow its beneficiaries to “secure loans at favorable interest rates as...
Classes at the Co-op development training institute of Barkoissi, devoted to husbandry, could begin in September 2021. This was announced by Togo’s PM, Victoire Tomégah-Dogbé, while she was visiting the site last week.
Construction works for the project are 40% complete according to the director-general of the institute, Lieutenant-colonel Napo Kpandja. Commenting on the progress,...
Last Friday, Togo’s public treasury retained CFA22 billion through the issuance of two bonds maturing respectively over 5 and 7 years.
Overall, subscriptions to the operations exceeded CFA59 billion, marking a surge in confidence of investors in the regional market.
The funds retained - in line with the norm forcing issuers to collect at most 110% of the initial target - will,...
The Threshold program was launched in Togo last Friday, following a meeting that gathered ministers, members of the Millennium Challenge Account cell (MCA-Togo), American officials and others.
For the program, which ultimately aims at reducing poverty and accelerating economic growth, Togo secured $35 million worth of donations. The threshold program will mainly focus on ICTs and Land...
Consulting firm BAGE has received the greenlight to technically assist project carriers selected during the previous Togo-EU economic forum (FETUE).
The firm was given approval by Minister Sandra Ablamba Johnson on Nov. 17, 2020, during a meeting held at the Togolese presidency, in the presence of the Cooperation chief of the EU delegation and BAGE’s Chief of...
Togocom, a subsidiary of Axian Group, has activated its 5G network in Togo. It thus makes Togo the first country in West Africa, and the third in Africa, to test the technology commercially.
The achievement was lauded by the operator's managing director in Togo, Paulin Alazard, who observed that the country "rose up to the challenge of launching 5G in one year only, as it was planned in the...