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In Togo, the State’s shares in public and semi-public companies were valued at CFA103 billion in 2019.
Despite exiting the shareholding of many companies, the State is the sole owner of 16 companies and is a co-shareholder in 26 mixed companies.
For example, the PAL, which runs the autonomous port of Lomé, is fully owned by the State. The same goes for the CEET (power utility),...
Taking a leaf out of the book of the universities of Lomé and Kara, the national administration school (ENA) started its digital transition. It will benefit from the UNDP’s support in this framework.
Headed by Prof. Adamah Kpodar, the ENA will indeed receive CFA300 million over three years. The funds will, according to the UNDP’s resident representative in Togo, Aliou Dia, be injected...
To strengthen cooperation with the private sector, the Togolese State plans a survey to “take stock of the needs and wishes of business actors who want to carry out development projects that align with the government’s development roadmap.” This was disclosed on November 18, 2020, during the council of ministers.
The survey will be conducted by a commission set up by the council. The...
Despite an overall “concerning” slowdown in the region, Togo has progressed in terms of good governance in the past 10 years. The country ranked 25th on the latest Mo Ibrahim Foundation index published on November 16.
Togo is, according to the index, one of the rare countries whose score improved this year. However, there remains substantial progress to be made in some...
To reduce accidents in the country, the Togolese government will dedicate about CFA3.14 billion to a plan of key actions to be implemented over two years. The project is the emergency phase of the road safety policy adopted by the government last Wednesday.
The policy revolves around six major axes: management, infrastructure, vehicle quality, users, and rescue. Moreover, it aims to...
The World Bank disbursed 37% of the funds it planned to provide Togo in the previous fiscal year (July 2019-June 2020).
This is “one of the best disbursement rates relating to the portfolio of projects financed by the Bank in Africa, where the average is 22%,” said the WB’s resident representative, Hawa Cissé Wagué last Tuesday.
Wagué however stressed that the disbursement...
In Togo, nearly two million hectares of land were analyzed to draw a soil fertility map. The latter is aimed at enabling farmers to be better informed about the composition of their land. The information was disclosed last Wednesday during the council of ministers.
This map will help farmers plant crops and use a fertilizer that matches the composition of their land.
Out of the...
In 2019, Togocel and Moov generated CFA159.5 billion of revenues. The figure, up by 9 billion (+6%) compared to 2018, was disclosed in a report published by Togo’s telecom regulator (ARCEP) entitled Evolution of Regulated Markets: Posts and Digital Communications.
In detail, Togocel’s activity in the mobile service segment was bolstered last year (+10%) while Moov stagnated (+0.1%).
With...
ECOWAS plans to support the private fertilizer sector in West Africa, through its investment and development bank, the EBID.
Talks were held between the EBID and the West African Fertilizer Association (WAFA), with a focus on providing the region a $520 million credit line - A line which the board of directors of the EBID had already approved.
Part of the funds should help...
Last Tuesday, ECOWAS experts and deputies commenced a five-day meeting to promote e-learning in the region.
The theme of the event is “ECOWAS in the Age of COVID-19 and Beyond: Focusing on Information and Communication Technology for the Promotion of Distance Education and Training in the Member States.”
In effect, the event is focused on bolstering internet access and leveraging...
Fifty (50) micro, small, and medium enterprises (MSMEs) active in Togo will receive $350,000 to face the severe impacts of the Covid-19.
The funds, partly a subsidy and partly a loan with flexible reimbursement terms, will be spent on the pilot stage of the Emergency Aid Fund for Micro, Small, and Medium Enterprises in Togo. The latter is a project launched last week by the UNDP’s...
Started last June, the Lomé-Kpamé national road (RN5) modernization works are 15% complete, for 14.5% of the set time for completion. The news was disclosed by EBOMAF, the West African construction giant in charge of the project.
“The work has been slowed down greatly, but we are managing,” said EBOMAF’s CEO, Mahamadou Bonkoungou. He stressed that he is personally engaged in the project,...
Living poultry, their derivatives, and poultry feed from Germany, Ireland, Denmark, Holland, UK, and Russia have been banned from entering Togo. The measure which took effect on November 16, 2020, was announced by the Togolese minister of agriculture, Antoine Lékpa-Gbégbéni.
The official explained that an outbreak of influenza has been raging for several weeks in the six countries. He...
On November 12, 2020, Togo’s telecom regulator, ARCEP, warned the country’s two mobile operators, Togo Cellulaire (Togocel) and Atlantique Telecom Togo (Moov) over practices impeding competition.
The two operators are accused of making on-net calls less expensive than off-net calls. The move, which could potentially discourage users of one network from calling those of the rivaling...
A year after the adoption of the leasing bill and the creation of African Lease Togo, leasing operations in the country are still struggling to take off.
This, according to the Managing Director of African Lease Togo, Toussaint Sossou, is due to the lack of awareness about this banking product.
Toussaint Sossou, MD African Lease Togo
In the period concerned, the country’s potential...
After canceling last Friday, an operation it planned to carry out on the regional financial market, Togo announced the launch of a simultaneous issue of fungible treasury bonds.
The operation which closes on November 27, 2020, breaks down into an issue of five-year bonds and another of seven-year bonds, both having a nominal value of CFA10,000.
Respective interest rates of the bonds...