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On May 17, 2019, Togo successfully closed its eighth issuance on the regional financial market.
A total of XOF22 billion was raised by issuing fungible treasury bonds which have a maturity period of five years and an interest rate of 6.5%. The country, it should be noted, expected to retain XOF20 billion, however, overall subscriptions for the operation exceeded XOF60 billion.
Just like the two...
The African Development Bank (AfDB) has invested so far XOF199.780 billion in Togo, according to data updated this month. This was revealed May 16 by Togo’s finance minister, Sani Yaya during a session to review the institution’s portfolio in Togo.
In effect, the funds were spent on 12 projects revolving around economic reforms, agro-food processing (agropoles), road rehabilitation and coast...
South African Diges Group, which designs, makes and manages hydraulic infrastructures will help Togo with its clean water project.
Recently the firm inked with the country’s minister of water, Antoine Lekpa Gbegbeni, a memorandum of understanding in this regard.
Let’s note that under the third axis of Togo’s 2018-2022 national development plan, authorities want to provide access to...
Lomé-based airlines Asky has launched its mobile app which is available on Android and iOS.
In a recent statement, the carrier said the app can be downloaded on its website or directly on the iOS AppStore and Google Play Store. On the mobile platform, Asky’s customers can purchase flight tickets, make reservations, check tariffs and services, join the company’s “ASKY Club” fidelity...
The Lomé municipality just received €14 million, a grant from the French Development Agency (AFD), to improve its waste management. The financing is part of the third stage of the Lomé Urban Environment Project (PEUL III).
Related agreement was inked May 16 by Sani Yaya, Togo’s minister of economy and finance, Marc Vizy, France’s ambassador to Togo, and François...
In order to ensure ships’ safety, by preventing overloading, Togo has decided to ratify the protocol of 1988 relating to the international convention on load lines, 1966.
Ratifying the 1988 protocol will in effect introduce a new harmonized visit and certification system, hence raising the reputation of Togo, in regards to international maritime institutions. Doing so will make the country...
The second edition of the telecommunications forum opened May 17, 2019 in Lomé. The event is organized by Afrique IT and CENTECH and its theme this year is: Reducing the standardization gap.
This theme is directly tied to the recent creation of the international telecommunications union (ITU).
Two panels will take place at the event. The first theme is: “Reducing the standardization gap,...
During the ministers’ council last May 15, the government of Togo approved the country’s adhesion to the London convention signed April 9, 1965 aimed at easing international maritime traffic.
In effect, the convention’s goal is to make maritime transport more accessible by simplifying related formalities for international travels.
Thus, Togo adhering to the convention should simplify...
Lomé has put in place an inter-ministerial team to fight terrorism. This is as the terrorist threat rises and after France marked ‘red’ part of north of Togo and Benin, which shares a border with Burkina Faso where about ten jihadi groups operate.
“The inter-ministerial committee for prevention and fight against violent extremism (CIPLEV) mainly aims at eliminating or considerably...
Young entrepreneurs and women secured 10% of all public procurements in 2018, the year in which the government decided to set aside for them 20% of these contracts.
In effect, at December 31, 2018, XOF12.638 billion worth of public contracts were attributed to this group of entrepreneurs. The figure was disclosed during the ministers’ council held May 15. According to the council, “it...
West African cashew exports to India have risen over the first quarter of this year, in a context where the Asian nation imported substantially less worldwide over the period.
According to N’Kalo cashew report, relayed by Commodafrica, Togo exported 1,035 tons of cashew to India in Q1 2019.
This volume makes Togo India’s seventh supplier in West Africa. It comes after Ghana, Côte...
Togo’s government is exploring ways to combine the World Bank’s school canteens project with local production by engaging small farmers.
The ministry of agriculture recently discussed the matter with a delegation from the World Food Program (WFP) led by its regional director, West and Central Africa, Christophe Niokoi.
In detail, Togolese authorities want to ensure the sustainability of...
Women participating in local elections next June 30 will pay a fee of CFA10,000 to this end. This is half the amount set for male candidates.
The measure decided during the ministers’ council of May 8, 2019, aims to “promote women candidacy and their participation in local governance.”
This is part of a more general move to get women and youth more involved in governance in Togo. A point...
Yesterday, the president of the West African Development Bank (BOAD), Christian Adovelande, and PNUD’s resident representative in Togo, Aliou Dia, met to discuss ways to better contribute to Togo’s development.
In effect, the talks focused on the mobilization of funds from the Green Climate Fund for Africa and Togo especially.
At the end of the “fruitful” meeting, Aliou Dia declared:...
Next June 6-7, there will be a social entrepreneurship forum in Togo. The event is organized by the US embassy, Ecobank, Alafia and organizations promoting social economy in Togo.
At this occasion, issues related to the legal framework defining social enterprises and possible advantages they could benefit from will be discussed. The latter could come as tax or administrative incentives aimed at...
Yesterday, a four-day workshop focusing on tackling global warming and the Global Environment Facility’s (GEF) new policies and strategies was initiated in Lomé. Eight coastal countries are represented at the event which also aims at regrouping actors engaged in the environment sector and mobilize resources for environmental protection.
The workshop, it should be emphasized, takes place as...