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In 2021, Togo will invest CFA25.5 billion in the digital economy. This was decided at the Council of Ministers held last week and focused on the draft bill for next year’s budget. The latter should be assessed for adoption by deputies in a few weeks.
The allocated funds will help the country advance its vision to make digital technology a lever to modernize the economy and society....
The Togolese government will dedicate around CFA66 billion to the development of agriculture and agribusiness. The amount represents 8.4% of total funding allocated to ministries and institutions under the draft of finance law adopted last Thursday in a council of ministers.
In effect, monies planned for agricultural development will help catalyze private investment in the sector and...
Starting next year, the Togolese State intends to strongly rely on the private sector to accelerate the construction of school infrastructure - especially classrooms - needed in the country.
The decision, which will be reflected in public-private partnerships, was announced following the council of ministers held last Thursday.
Already, informs the government, a fund of CFA195.5 billion...
Togolese actors of the shea sector are meeting this week to work on a national strategy for its development. This strategy will include measures to tackle deforestation and easing access to market opportunities for shea derivatives.
The works were initiated during a workshop to provide training in the shea industry and make it more sustainable. The workshop started on November 12, in...
After delaying for a period, the works to rehabilitate the Lomé-Vogan-Anfoin (LVA) road are advancing well. According to estimates made during a visit by PM Victoire Tomégah- Dogbé on Nov. 11, they are 88% complete.
On the occasion, she said “this project faced major difficulties but there was a lot of catching-up” after top government officials got involved.
The project,...
The US embassy in Togo will provide $250,000 (nearly CFA140 million) to the Centre Afrika Obota-Togo (CAO Togo), in the framework of a decentralization project.
The project aims at improving local governance and local participation to support decentralization. In effect, representatives of local populations will be trained to voice their expectations and contribute to local...
In August this year, the World Bank announced the suspension of its Doing Business (DB) report due to irregularities in data compiled in past years.
Last Tuesday however, Sandra Ablamba Johnson, minister and secretary-general at the presidency, said the ranking would be published “in a few weeks” adding that the suspension is “coming to its end.” This was during the presentation of...
In Togo, the Nunya Lab incubator has started recruiting its second batch of young innovative entrepreneurs.
Togolese entrepreneurs can apply to get support from the incubator which is backed by the FAIEJ (Fonds d’Appui aux Initiatives Economiques des Jeunes - Fund Supporting Youth-led Economic Initiatives) and the UNDP’s acceleration lab.
For pre-incubation and incubation...
Togo will accelerate its actions in developing projects under the Millenium Challenge Corporation Threshold. This was disclosed last Tuesday by Stanilas Baba, the national coordinator of Millenium Challenge Account in Togo.
After signing papers to initiate the disbursement of the $35 million allocated to the MCC threshold, creating the MCA-Togo implementation body (OMCA-Togo),...
From 14 indicators in 2019 and 2020, Togo validated 15 out of the 20 indicators on the Millenium Challenge Corporation (MCC) scorecard for 2021. The card was released on November 10, 2020.
This makes Togo one out of 25 countries that validated a majority of the MCC indicators, and the second-best reformer in Africa, after Cape Verde. Meanwhile, 53 countries were taken off the rankings due...
In Togo, 12 supermarkets are taking part in the “Concours du Meilleur Promoteur du 228,” a contest aimed at valorizing the consumption of local products.
The contest, a first of a kind in the country, is sponsored by the ministry of trade and local consumption. The latter wishes to see supermarkets have more local products on their shelves and collaborate more with local...
The former head of Orabank Gabon, Mrs. Kayi Midedor is Togo’s new minister for investment promotion.
She took office last Monday, following a ceremony at the ministry of trade.
The new member of the Dogbé government will contribute to the consolidation of the country’s policy to boost its economic attractiveness, as well as its external funds' mobilization capacity, amid...
The Technical and Professional Senior High School of Lomé (LETP) will, over the next three years, get IT equipment, as a result of a partnership between the ministry of education and mobile operator Moov-Togo.
The various agreements sealing the collaboration between these two parties were signed last week by the minister of education, Dodzi Kokoroko, and the operator’s MD, Abdellah...
The West African Development Bank (BOAD) is exploring with the African Biofuel and Renewable Energy Company (ABREC) a potential partnership to advance the financing of clean energy projects.
To this end, the BOAD’s chairman, Serge Ekue, and ABREC’s CEO met on November 10. According to Ekue, their talks were conclusive.
ABREC promotes the use of renewables and energy-efficient...
This week, the commission of the West African Economic and Monetary Union (WAEMU) is assessing in Lomé the implementation of political reforms, community projects, and programs in Togo. The initiative falls under the commission’s sixth reform review, focused on accelerating regional integration. In detail, 116 regulations, as well as 11 community programs and projects will be reviewed.
These...
UK-based power developer BBOXX is seeking a managing director to take over its Togolese subsidiary. Applicants should preferably be Togolese citizens or from the diaspora.
The new manager’s main mission will include the continuation of BBOXX’s expansion strategy in the local market.
Active in Togo since 2017, the firm sets up domestic solar systems across the country. It was for...