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Yesterday, at the Togo-EU chamber of commerce, EUROCHAM-Togo, was officially launched.
This new entity will build and consolidate relations between Togo and Europe. It is chaired by Charles Kokouvi Gafan, CEO of Bolloré Transport & Logistics Togo.
The launch of the EUROCHAM results from the will of European investors established in Togo to have an institution that will defend their rights...
In 2018, 123 European firms were registered at Togo’s Business Formality Centre (CFE).
This is merely 6% of all firms registered by foreigners in the country over the period (1920 firms). While very marginal, this figure contrasts highly with the weight of European or European-owned businesses in Togo.
Indeed, in 2016, Total-Togo, subsidiary of the French oil and gas behemoth, was Togo’s...
Togo’s President, Faure Gnassingbé, officially launched today the first Togo-EU economic forum in Lomé.
The related ceremony was attended by Jyrki Katained, EU commissioner for Jobs, Investment and Competitiveness, Mario Pezzini, Director of OECD’s Development Centre, various government officials and business moguls such as Africa’s richest Aliko Dangoté.
More than 300 investors from...
Announced during a council of ministers at end of May 2019, Togo’s new investment code was unanimously adopted by the parliament last June 11.
The document aligns with the ambitions of the country’s national development plan which aim to make it more attractive and draw foreign firms and investors.
According to minister of economy, Sani Yaya, “the code is a key legal tool for the...
Grameen Crédit Agricole (GCA) Foundation just granted $340 thousand to microfinance institution Coopérative d’épargne et de crédit SIFA Coopec SIFA).
This should help Coopec SIFA, which mainly helps women in rural areas in Togo, maintain and improve its savings and credit services aimed at poor women in rural areas in the north.
According to a document related to this operation, the...
During the 5th Annual Debate held in London last June 5-7, the Togolese Head of State, Faure Gnassingbé (photo), pled for the creation in Lomé of a top-class business school.
The President emphasizes that Lomé is a financial hub since it houses “the headquarters of several pan-African, regional or sub-regional financial institutions,” including Ecobank Transnational Incorporated (ETI),...
In the next three months, Togo plans to raise €500 million in international finance markets. This was confirmed by the country’s president himself, Faure Gnassingbé, during an interview in London.
The news comes a little after U.S ratings agency Standard & Poor’s published, for the first time ever, its short and long term credit rating for Togo’s debt in local and foreign...
Kuwaiti firm Agility Global Integrated Logistics (GIL) signed last Thursday in London a letter of intent to establish in Togo a logistics park. The document was inked by the firm’s managing director for Africa, Geoffrey White, and Togo’s minister of trade and private sector, Kodjo Adedze.
Under the deal, Agility is to build a logistics park in Lomé.
Though no further detail was given,...
Launched in 2011, the Agricultural Sector Support Project (PASA) is under assessment. The related mission was initiated June 3, 2019, in Lomé.
The current mission, the thirteenth since the project was launched, is undertaken by the Togolese government and the World Bank which backs it. The session focuses mainly on the level of execution of major components of PASA’s additional financing, and...
Togo’s President, Faure Gnassingbé, at the Togo-UK Investment Summit started in London June 6, invited investors to come to his country.
“Togo has always had the advantage of being well positioned and having a deep-water port connected to the rest of the world,” says the leader.
The port, “ranked first in West Africa” by “The Maritime Executive” has modern equipment and...
“Togo should join the Commonwealth and the President even said so,” said UK deputy Andrew Rosindell after he recently met a Togolese delegation led by President Gnassingbé. The delegation is in the European capital to showcase Togo’s national development plan and secure investment for its implementation.
The African country indeed reaffirmed its will to join the multi-government...
Togo-based European companies and other local firms involved in trade affairs with Europe created a European Chamber of Commerce in Togo (CCET) on 3 June. This was during a Constitutive General Assembly in Lomé.
According to the promoters, the creation of this entity lies on the need to “structure trade while promoting sustainable investment, in response to Togo's new trade and economic...
Over the past two decades, Togo’s score on the Global Childhood Report grew by 103 points to 679 points. In the 2019 edition of this index published by NGO Save The Children, the country occupies the 22nd position in Africa.
The report ranks countries that defend child rights most. To this end, it assesses criteria such as nutrition, access to health and education, physical integrity,...
On May 31, 2019, Standard & Poor’s published its first-ever short and long term credit rating for Togo’s debts denominated in local and foreign currencies. According to the rating agency, Togo stands at B with stable outlooks for those debts.
“We expect economic activity will benefit from the recent upgrading of key infrastructures, such as the completion of extensive works at the port...
On Saturday, June 1, SOLEVA, second firm active on the CIZO project, started its operations in Vogan, a community situated 67km from Lomé.
The Off-grid specialist should sell at least 300,000 Sun King® (owned by its US partner Greenlight) solar kits across Togo in the next five years.
According to the Togolese Agency for Rural Electrification and Renewable Energy (AT2ER), 15,000...
Last Friday, Togo raised on the regional financial market XOF16.5 billion, through a bond issuance with a 3-year maturity period and an interest rate of 6.25%.
Initially, the country’s public treasury aimed to mobilize XOF15 billion. However, the operation was oversubscribed at 278.59% or 41.7 billion secured from investors in all WAEMU States except Guinea Bissau.
Let’s recall that the...