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Togo records another successful fundraising on the regional financial market. Indeed, Umoa-securities revealed last Friday that the country had mobilized close to XOF48.5 billion on this market through its latest issuance of fungible treasury bonds.
While the amount is impressive, Togo, which was seeking XOF20 billion via the operation, retained XOF22 billion. These monies, the regional agency...
Togolese clients of Banque Atlantique, which belongs to Morocco’s Banque centrale populaire (BCP), can now conduct their transactions online from their mobile devices.
Indeed, the lender, WAEMU’s third largest bank by market shares, announced in a recent communiqué that its mobile app, “Atlantique Mobile”, was now available in all WAEMU’s Francophone countries, namely: Benin, Burkina...
Togo: Power utility CEET seeks out expertise of entrepreneurs, youth and women, to build power lines
Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), launched a tender to hire young entrepreneurs and women, for the construction of medium and low tension power lines.
The project is divided into two, covering Gbétsogbé, Totsi, Agoè Gbonvé and Plateau Bethel. The tender which closes on Sept. 26, 2019 should lead to the selection of 10 entrepreneurs.
Reaching out to this...
On Sept. 4, 2019, some of Togo’s public audiovisual media received IT equipment from the West Africa Development Bank (BOAD). These were : Télévision Togolaise, Radio Lomé and Radio Kara.
The provision of these equipment, laptops with installed software, should bolster the digitalization of the concerned media institutions.
According to Serge Bouah, Head of Communications,...
The government has repurchased last week, more than 200 tons of fresh tomatoes from local producers. The move, official sources indicated, aims to support farmers who intended to export to Nigeria but cannot at the moment given the closure of the Benin-Nigeria border.
The tomatoes have been bought at twice their actual market price (XOF1500 instead of XOF700).
The fruits were in effect...
Togo needs XOF38.6 billion for road maintenance next year. However, only 36% of this sum (XOF14 billion) can be mobilized by the Autonomous Company for Road Maintenance Financing, SAFER.
This was revealed by Sylvain Outchantcha, MD of Safer, during a meeting to draw the 2020 budget-programme for road maintenance.
While resources that will be allocated to road maintenance next year are...
Last Thursday, President Gnassingbé met with Indian minister of foreign affairs, Vellamvelly Muraleedharan.
Talks between the two men revolved mainly around ways to boost cooperation between Togo and India, especially in the power, mining and digital economy sectors.
The Indian diplomat also met with the minister of Energy and Mines, Marc Ably-Bidamon, and that of development planning,...
In Q1 2019, Togo exported nearly XOF6 billion worth of goods (about 18,000 tons) to the Euro zone. Year-to-year, this represents a 17.5% decrease.
The exports’ value during the period reviewed makes up only 5.1% of total value of Togo’s exports; this is against 6.4% in the first quarter 2018.
Over the period, the first three buyers of Togo within the Euro zone were France,...
With Terreau Fertile, a local association, Togo’s chamber of commerce and industry (CCIT) will organize the first edition of the Investment Revalorization and Trade Promotion Fair (FERIN in French).
The fair which is scheduled for Oct. 10 and 11, 2019 will be held in Lomé, the capital. In its framework, a communication and sensitization meeting was organized last Wednesday at the CCIT.
The...
The Japan International Cooperation Agency (JICA) just launched, within the African Business Education for youth framework (ABE), a masters and internship scholarship program for young Togolese.
The scholarship, according to JICA, aims to support youth who are eager to contribute to African development. This program also serves as a bridge between Togo and Japan.
This will be a 1-2 year...
Last year, Togo made XOF1.5 billion exporting pineapples. This is 50% more than in 2017, the Central Bank of West African States (BCEAO) reveals in its latest report on external trade within the WAEMU.
The increase was driven by a rise in output from 1,900 metric tons in 2017 to 3,300 tons in 2018 (+73.6%). This is a trend the sector has been recording since 2014, at the exception of 2016 when...
Last Tuesday, a workshop on how to develop and expand solar power production and ease access to clean energy opened in Lomé, Togo. The meeting is an initiative of the Togolese ministry of mining and energy, and the International Solar Alliance (ISA).
Six countries gathered at the roundtable, namely: Benin, Burkina Faso, Gabon, Mali, Niger and Togo.
In effect, these nations are working...
Togo’s government will rehabilitate some mines and quarries under its mining governance and development project (PDGM).
Lomé plans on having a guide dedicated to the project and has actually just launched, through the ministry of mines and energy, a tender to hire a consultant for it.
In effect, the hired consultant will visit some active mines and quarries, meet with surrounding...
Togo has been invited to attend the fifth Invest in Africa Forum that will take place on September 10-12, 2019, in Congo Brazzaville.
This was during a meeting between President Gnassingbé and Jean Jacques Bouya, president of the forum’s organization committee.
“For investments to grow across the continent, we must ensure that trade increases and I believe that is a matter which is dear to...
On September 3, the Informal Sector Organization Delegation (DOSI), began a 10-day workshop for business consultants and trainers associated with the national project to promote entrepreneurship in rural areas (PNPER). The training session is taking place in Tsévié, 36km from Lomé.
The meeting which is backed by the International Labour Bureau (ILB) aims to boost capacities of participants...
Recently, Nigeria closed its borders with Benin. One of the reasons advanced by the West African giant to explain the move is its desire to end massive smuggling of products like rice to its neighbor. According to President Buhari, this jeopardizes Nigeria’s hardly achieved food sufficiency.
The door between Nigeria and Benin (the Sèmè border) being on the Abidjan-Lagos axis which also...