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Togo’s national assembly, through its financial commission, commenced on Sept. 22, 2020, the budget orientation debate to discuss budget issues with the government.
Among others, participants will discuss the 2021-2023 economic and budgetary planning document. The latter forecasts potential for fund mobilization over the period concerned, as well as for deciding how these funds will be...
Lomé-based pan-African banking group Oragroup recently received a credit line of €50 million (around CFA32.8 billion) from the ECOWAS Bank for Investment and Development (EBID).
The group will use the funds to increase its support to SMEs and SMIs across WAEMU countries. “This refinancing credit line from EBID will help provide 34 SMEs and SMIs with about CFA1.03 billion each,”...
On September 22, 2020, Djomantin, the firm ensuring the transport of BB Lomé’s products, received 10 MAN trucks and 10 SCHMITZ CARGOBULL trailers from Van Vliet Automotive (Togolese subsidiary of the eponymous Dutch group).
The deal was facilitated by Banque Atlantique Togo (BAT) which spent CFA700 million to buy the vehicles. The lender’s managing director, Galadima Abdou, who was...
About a year from now, the following six Togolese towns will get better access to electricity: Aneho, Kpalime, Atakpamé, Sokodé, Kara and Dapaong
Indeed, the government received a credit line from the Export-Import Bank of India (Exim Bank) to finance works for the “supply and construction of medium and low tension power networks aimed at increasing the capacity of power distribution...
The West African Agricultural Productivity Program (WAAPP) reached a completion level of 95% at the end of 2019, with 112 out of 118 activities completed.
Effective for almost 10 years, it has benefited over 600,000 people (40% of them women), thus 23% more than the 500,000 beneficiaries initially targeted. It has generated 14 improved technologies enabling a sustainable crop and animal...
A two-day workshop focused on flood and drought management was launched this morning in Lomé.
Experts and stakeholders involved in this area will throughout the meeting discuss results and recommendations provided by a study related to flood and drought. This should ultimately lead to the establishment of a warning system to better manage them, and help assess preparations needed to adapt...
In a few months, two bridges of 30 meters each and a third of 60 meters will be built in Togo. The first two will be located along the Gouloungoussi-Zoubiékou-Ghana border axis while the last will be erected on the Ogou Agrani-Kamina road.
In line with the project, the Togolese government has launched an international tender to recruit qualified construction firms. According to the tender...
West African Gas Pipeline Company: Afrique Conseil seeks a replacement for outgoing MD, Walter Perez
Benin-based consulting firm Afrique Conseil has launched a call for candidates to recruit a new managing director to head the West African Gas Pipeline Company (Wapco). This is in a context where the mandate of the company’s current MD, Walter Perez, will soon come to its end.
The successful candidate will be picked based on his or her resume or experience in any of the four countries...
A PV solar plant is going to be built at the Gnassingbé Eyadéma International Airport (AIGE). The project aligns with the infrastructure’s transition toward renewable energies.
“To meet the AIGE’s energy demand, align with the country’s ambitions in terms of clean power production, and achieve sustainable growth, the Lomé-Tokoin Airport Company (SALT) has decided to build a...
The Togolese agency for rural electrification and renewables (AT2ER) seeks to acquire and set up 314 PV solar panels in various regions of the country. The equipment will power health centers.
In this framework, the AT2R launched an international call to select firms that will provide and install the equipment. In detail, 156 solar kits should be set up in the Maritime and Plateaux regions...
Togolese authorities are currently conducting inspections and controls at the Port of Lomé, checking warehouses and storage areas for delicate or highly sensitive products.
The works were launched on September 14 and will be completed on October 6. They are part of preventive measures taken by the port authorities to avoid a tragedy similar to the one that occurred at the Port of Beirut,...
After reopening its air borders, Togo is looking to soon do the same for its land borders. This, however, must be done in coordination with other countries of the subregion.
The news was disclosed by Col. Djibril Mohaman who heads the team in charge of the response to the pandemic in Togo. He did so during the latest press briefing on the disease’s evolution in the country.
Regarding...
On Sept. 14, 2020, Togolese banks received from the BCEAO CFA219 billion of cash.
The funds will enable the lenders to refinance themselves at an interest rate of 2%. They are part of the Central Bank’s 25th fund injection into the Togolese economy since the pandemic broke out across the WAEMU.
Overall, the Bank has disbursed CFA3,350 billion for all WAEMU countries. They aim to meet...
The Central Bank of West African States (BCEAO) has just published a report, Evolution of financial inclusion monitoring indicators in WAEMU for the year 2019. The document provides a snapshot of the state of financial inclusion in Togo and other Uemoa countries.
The main takeaway of the report which reviews statistics for the last 10 years, is that Togo has been undergoing its most rapid growth...
On September 25, 2020, Togo will again try to raise CFA25 billion on the regional stock market.
Just like for the previous operation on this market, the country will issue fungible Treasury bonds, except this time, they will mature over 60 months (5 years) at an annual interest rate of 6.4%.
It should be recalled that Togo’s latest issuance was on Sept. 11. With an interest rate...
In its recent report, Boosting Private Investment to Achieve Higher Growth and More Jobs, the World Bank recommended that Togo, to revive its economy after the Covid-19 crisis, should work on improving the quality of electricity and reduce its costs. The same recommendation stands for telecom services (internet and mobile telephony).
Besides making these services more accessible, the...