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Yesterday, the second edition of the AFRIBAT fair was launched at the Togolese Center For Lomé's Fairs and Exhibitions, by the minister of trade and private sector promotion, Kodjo Adedze.
The event, the official declared on this occasion, "aligns with the government's objective to equip the country with quality services and infrastructures for its emergence."
"It will facilitate business...
Togo is the second-best place to be a woman in West Africa according to the latest Women, Peace, and Security Index, a global study assessing women's inclusion in society, their security, and equity in comparison to men. Overall, 167 countries, 51 in Africa, were ranked on the index. Researchers at Georgetown University's Institute for Women, Peace and Security and the Peace Research Institute...
In 2018, Togo was the most bancarized country of the West African Economic and Monetary Union (WAEMU), with a rate of 26.8%. This was revealed in a report recently released by the BCEAO.
Just after Togo came Mali (23.3%), Benin (22.5%) and Côte d'Ivoire (21.6%). At the last position in the ranking was Niger with a bancarization rate of 5.8%.
Let's note the number of adults (15 years old and...
A delegation from the FNFI and the State Secretariat in Charge of Inclusive Finance and Informal Sector is presently in Ouagadougou where it is attending the 4th African Microfinance Week.
The event will be the occasion to discuss the growth of inclusive finance in Africa, and especially on its impacts on sustainable development goals (SDGs).
The two-day meetup takes place once every two years...
Sani Yaya, Togolese minister of economy and finance, ordered the closure of some financial institutions that have been operating "illegally" yet promise high returns.
While the list of the concerned institutions has not yet been released, the minister's statement indicated that they "take money from people against capital securities or placement, promising up to 360% of interest."
The owners of...
The National Federation of Cotton Farmers Associations (FNGPC) recently met with cotton producers to know their concerns and urge them to help the country achieve its 200,000 t output by 2022.
This was during a tour of the FNGPC in the Savanes region. The latter was led by the federation's new chairman, Kouroufei Koussouwè.
Talks at the meeting focused on ways to boost yield per hectare. For...
Last Friday, the government provided Société Générale des Mines (SGM), a subsidiary of Keras Resources, the operating permit for the large scale exploitation of the Nayega manganese deposit (West Kpendjal prefecture). This was announced during a ministers' council held last week.
The decision follows conclusive exploration in the region and an application for the permit by SGM's...
In Togo, the Teolis foundation recently signed a partnership agreement with Potentiel&Talents, a firm specialized in human resource management, under which the latter will provide local startups training, incubation and financing to grow.
In the same line, a subsidy has already been provided to teach a dozen women basic ICT skills, under a project entitled DIG-IT-ALL. In addition, multiple...
Last weekend, Togo's first-ever regulated soybeans (and derivated products) sales campaign was launched in Atakpamé, 161km from Lomé in the Ogou prefecture. The campaign covers the 2019-2020 period.
The set volume to be sold during the period is 78,000 tons. The floor price is CFA189 per Kg. This, in a context where the country's output in the past three years has risen from 24,000 tons to...
Togo's government plans to revise all its existing urban laws and regroup them into a new Code of Urbanism and Construction.
Mainly, the revision covers "all facets of urbanization and construction, as an expression of urban policies. This includes its objectives, methods, resources, tools for urban planning and management, its spatial intervention framework."
The preparation of the new code...
The University of Lomé and Brasserie du Bénin (BB) have just signed a two-year partnership agreement under which the latter will provide its expertise, relative to training, as well as sponsors to the former.
Kafui, Kpegba, Vice President of the university declared in this regard that "the Brewery has highly performant executives who can give classes at the academy, both to students and...
Starting next month, no more social contributions will be received or paid at the desks of the National Social Security Fund (CNSS).
"We would like to remind all our social partners that starting from November 2019, reception and payment of contributions will no more be possible at our desks," a notice from the institution warns.
This decision aligns with reforms implemented by public policies...
Last Tuesday, a delegation of executives from the HAROPA, a group of French economic actors from the ports of Le Havre, Rouen, and Paris, visited terminals of the Port of Lomé. This, they did with the top management of the Autonomous Port of Lomé (PAL), in the framework of cooperation and reinforcement of exchanges between the French ports and Togo's.
The French delegation said they were...
The West African Development Bank (BOAD) just announced the closing of its third Eurobond. The transaction through which the regional lender mobilized $830 million will mature over 12 years.
Opting for the Eurobond, whose terms the bank deemed favorable, was driven by its will to protect members of the Franc zone against exchange rate fluctuations since the CFA is pegged to the Euro.
The...
In Q2 2019, microfinance institutions operating in Togo have collected 14.2% more deposits year-on-year, data from West African States' Central Bank (BCEAO) indicates.
While lower than the figure recorded the previous quarter, this is the second-highest growth rate within the West African Economic and Monetary Union (WAEMU), behind Mali (+16.4%) which is the largest contributor on this...
On October 16, the WAEMU commission proceeded to the technical phase of its yearly annual review of its reforms, policies, programs, and projects. The session takes place in Bamako, Bissau, Cotonou, and Ouagadougou and should end next Friday and be replicated in Abidjan, Dakar, Lomé and Niamey from October 21 to 23.
This review allows the commission and WAEMU States to assess the implementation...