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SCAN Togo (a subsidiary of Heidelberg Cement Group) signed yesterday in Lomé a public-private partnership agreement with the German Cooperation (GIZ).
Under the agreement, the two partners commit to provide professional training in craftsmanship and construction works (masonry, carpentry, and joinery) to artisans and youth of Tokpli and its surroundings, about a hundred kilometers northeast of...
"In 2019, the State recorded a revenue shortfall of XOF650 million in the energy sector after deciding to halve connection fees for the private sector," according to Sandra Johnson, minister-advisor to the President and head of the business climate cell.
This is one of the many sacrifices of the State to make it easier to start up a business in Togo.
The country also lost about XOF14 billion...
Nigeria has decided to keep its borders closed until the end of January 2020, Ecofin Agency reports citing a memo released at the end of the past week.
The document which was cited by Nigerian media The guardian indicates that "it is observed that despite the overwhelming success of the operation particularly the security and economic benefits to the nation, a few strategic objectives are yet to...
Last Friday, the Millenium Challenge Corporation (MCC) released its scorecard for 2020. On the latter, Togo has validated 14 out of the 20 indicators.
The assessment sums up in three categories, indicators validated by the 80 countries that adhere to the program. The categories are: Ruling justly, Economic freedom, and Investing in people.
Under the "Ruling justly" category, Togo validated four...
The French Development Agency (AFD) has granted Togo €15 million to support its education sector, in the framework of the Junior High School Reform Project -PAREC II.
The monies should help improve upon capacities and infrastructures in public junior high schools in the Maritime, Plateaux and Savanes regions. More than 160 schools should benefit from the scheme.
In effect, exactly 92...
Togolese Prime Minister, Komi Sélom Klassou, opened on November 4, 2019, in Lomé, the first edition of the Private Sector Week, in the presence of important figures of the private sector, international finance institutions and various development partners.
Themed, "Private Sector, driver of socio-economic development and growth of Togo," the event aims to foster the implementation of the...
The first edition of the Private Sector Week was officially launched in Lomé on November 4, 2019. The theme of the event is Private sector, driver of socio-economic development and growth of Togo. Organized by the government and the private sector, it aims to review all concerns of private actors so as to enable them to fully play their part in the implementation of the national development plan...
On October 17, 2019, Joël Aboflan, Managing Director of Aldus Multi-Services, a Togolese institute that provides ICT training, signed with Guo Fan, CEO of Dafc Frameking Pictures, a Chinese broadcasting company, a memorandum of understanding.
Under the MoU, the Chinese firm committed to building in Togo an international film-making private university, the first of its kind to be built by China...
Yesterday, the International Finance Corporation (IFC), World Bank's arm for the private sector, opened its offices in Togo. A headquarters agreement was signed the same day. During the inauguration ceremony, the institution's Vice President for Africa and the Middle East, Sérgio Pimenta declared: "Togo is really the place where the private sector should come invest in Africa." He added that...
Using PV solar panels, Togo could power 500,000 households. This was disclosed by Nouhou Amadou Seini, coordinator of the third zone of the Regional Off-grid Electrification Project (ROGEP).
This was at a meeting that is being held today in Lomé to restitute and validate a study assessing the off-grid PV solar market in Togo.
According to Nouhou Amadou, the 500,000 households are divided into...
Togo released today its country report for the Doing Business 2020. This was during a ceremony chaired by President Gnassingbé, in the presence of some public figures, diplomats, representatives of the private sector and civil society and executives from the World Bank.
On this occasion, participants reviewed Togo's achievements in the latest Doing Business report.
Hence, various figures, such...
"Togo should become more attractive for investors," according to Ogunsulire Ronke-Amoni, regional representative of the International Finance Corporation (IFC). She made the statement last week upon the issuing of the Doing Business 2020.
Togo is the only country of the OHADA and WAEMU to be among the top 100 of this ranking. This is an indication that "its business climate is getting more...
Chinese tycoon Jack Ma will be in Lomé on November 14, 2019, for a meetup with young leaders and entrepreneurs from Togo and other African countries.
Founder of e-commerce mastodon Alibaba, Jack Ma resigned his position as the company chief a year ago to concentrate on philanthropic initiatives through the Jack Ma Foundation, and the Paradise Foundation. The Chinese mogul is also an advocate of...
Recently at the headquarters of the WAEMU commission in Ouagadougou, Roberto Azevedo, Director-General of the World Trade Organization (WTO), discussed with the president of the commission, Abdallah Boureima, about ways to strengthen collaboration between the two entities.
While meeting, the two men reviewed WTO projects that could benefit WAEMU States; those are mostly are in the agriculture...
A growing number of Togolese, though not the majority, have a positive perception of mining activities in the country. This was revealed by a study conducted to assess how people perceive the environmental impacts of these activities.
In effect, nearly 59% of the surveyed population believes the activities have a negative impact on the environment.
The results of the study have been submitted...
E-commerce promoters will pay 50% less for their stands than other exhibitors at the coming International Tradefair of Lomé. This is an offer from the Togolese Centre for Fairs and Exhibitions (Centre Togolais des Expositions et Foires - CETEF).
The good news was broken to e-commerce actors by the Managing Director of CETEF, Kueka-Banka Johnson, last Tuesday, as she met with them.
The...