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The Francophone Africa maritime cluster (CMAF) signed with France’s maritime cluster a partnership agreement on January 14, 2020, in Abidjan. The document was signed by the respective heads of the two parties, Togolese Charles Kokouvi Gafan, and Frédéric Moncany.
“The partnership agreement,” according to Gafan, “will boost actions between the two organizations and make them...
NSIA Group eyes a spot in the Top 5 best financial services of Togo. The firm operates in the country through its subsidiaries, NSIA Assurances, and NSIA Banque.
The group has the same goal in the four other countries where it operates, namely Côte d’Ivoire, Benin, Guinea Conakry, and Senegal.
In terms of growth, “the next step for NSIA Banque is to reinforce its footprint in...
WeLight, the joint venture of Axian Group and Sagemcom, eyes three West African markets, in line with its expansion in sub-Saharan Africa.
Indeed, the JV which invests in rural electrification could soon enter Togo, Burkina Faso, and Niger.
“For economy-scaling purposes, we wish to develop around 50 projects per country and we are currently considering Burkina Faso, Togo, and...
In 2018, Togo was Benin’s second-biggest electricity supplier behind Nigeria.
According to a report of the Central Bank of West African States (BCEAO), 6.3% of Benin’s imports came from Togo, mostly electricity provided through Communauté Electrique du Bénin. From Nigeria which supplies a quarter of its imports, Benin gets petroleum products.
Besides being Benin’s...
Togo’s president, Faure Gnassingbé, urged cotton farmers to increase their yield to attract textile foreign investors to the country. This he said while meeting with farmers in Atakpamé, 190 km north of Lomé, last Monday.
“Our dream is to move to the next step: transform our cotton into fibers, fibers to fabrics and use these fabrics to make the clothes we wear. That is the goal we...
GTA Assurances Vie and Coris Bank Togo entered a partnership to sell and manage a new bancassurance product called Coris Protect.
The related agreement was signed by the respective heads of the companies, Claude Daté Gbikpi and Alassane Kabore.
Coris Protect, according to a statement released by the firms, should enable bank customers be better prepared in the event of an accident,...
In 2019, exactly 11,482 new businesses were registered at Togo’s Centre for Business Formalities (CFE) - a figure that is very close to the peak recorded in 2015. According to the CFE, this is about 9% more than the number recorded the year before that.
In detail, more than 67% of the new businesses (7,844) were created by individuals; this reflects a low level of association between Togolese...
The African Guarantee Fund (AGF) has secured $33 million from the German development bank, KfW. The facility will mostly be used to back small and medium enterprises (SMEs) across the continent.
The fund indeed declares that the monies should “bolster its efforts - in line with its mission - to help African SMEs to keep playing an important part in the growth of African economies,...
On January 17-18, 2020, Lomé will host a summit on the fight against fake drug trafficking in Africa.
Six African presidents, former heads of State and governments, as well as top figures of the global health industry, such as WHO’s managing director, will be present.
The event is organized by Togo and Fondation Brazzaville. It is “a fully African initiative,” according to...
Very soon, five modern gari production units will be set up in the Vo prefecture. The project, which is backed by the MIFA, was revealed last week during a visit by President Gnassingbé in Gnita, a village located in the Akoumapé district.
The first of the five production units will be located in this village. It will cost XOF50 million. There, hundreds of women make gari, which comes...
The 6th edition of the AGAU RÂ meetings will be held in Kara, on May 8-9, 2020.
On the first day of the event, there will be workshops aimed at boosting entrepreneurial capacities. Participants will learn about the conception and profitability of a Youtube page, conception of off-ground agricultural kits, robotics programming, etc.
On the second day, they will attend...
The Togolese Revenue Authority (OTR) recalls that the second and third fiscal stamps have been suppressed with the establishment of the single land desk.
The reminder comes as some surveyors, who are the link between landowners and the land administration, keep receiving payments for the operations, due to the ignorance of their clients relative to the reform.
A few Togolese know...
The Abu Dhabi Fund for Development will loan Togo $15 million to build the Blitta solar PV plant. The related agreement was signed by the Togolese minister of economy and finance, Sani Yaya, and an IRENA representative, at the 10th general assembly of the International Renewable Energy Agency (IRENA), in Abu Dhabi.
The funds add to the $11 million recently approved by the West...
Togo’s rural electrification and renewable energy agency (AT2ER) seeks investors to build two solar plants in Kara and the Central region. The two facilities will have a combined capacity of 60 and 80 MWac (Megawatt alternating current).
The AT2ER has in this framework issued a pre-qualification notice targeting private actors interested in the projects. Phases they will cover include the...
Over the first 11 months of 2019, Togo was Africa’s leading country, in terms of attracted foreign investments. This was reported by FDI Intelligence, which is a specialist division from the Financial Times providing industry-leading insight and analysis on crossborder expansion, greenfield inward investment and foreign direct investment trends.
From January to November last year, Togo...
Nearly 200 young entrepreneurs gathered yesterday for the first session of the Jeudi J’ose meeting of the year.
This is the 51st session of this monthly event organized by the FAIEJ. It focused on planning towards the good achievement of goals throughout the year.
‘Jeudi J’ose’ was launched in 2015 and takes place every second Thursday of the month. Its purpose is to get...