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January
Government adopts a legal framework for the production, distribution, and commercialization of renewable energies
The government’s goal here is to “tackle issues spurred by the insufficient power availability, increase the related capacity,” as well as reduce the county’s dependency regarding electricity.
February
Green Climate Fund backs transition to clean energy in...
Next April, Lomé should host the Etats Généraux de l’Eco summit. An initiative of the Togolese economist and former minister, Kako Nubukpo, the event should gather various experts who will discuss the Eco - which is expected to soon become West Africa’s new currency.
The theme of the summit is: “Which currency for which development in West Africa? Eco 2020.”
Eminent African...
Since it was launched in 2014, the National Fund for Inclusive Finance (FNFI) claims it lent XOF87 billion to more than a million people.
Last year alone, the fund registered 35,812 new beneficiaries and more than 32,000 renewals.
According to reliable sources, the average reimbursement rate for the loans is 93%.
Part of the loans, it should be emphasized, went to annexed programs...
Gozem plans to expand to nine more countries in West, Central, and East Africa, in the next two years.
In West Africa, the transportation startup intends to extend its footprint to Nigeria, Ghana, Senegal, Côte d’Ivoire, and Burkina Faso. Meanwhile, in Central and East Africa, it eyes Cameroon, DR Congo, and Rwanda.
After barely a year of existence, the Gozem has recorded more...
This year, HeidelbergCement will expand its Togolese subsidiary, Cimtogo, spending more than $30 million in the process. Eric Goulignac, MD of the German firm’s subsidiary, revealed this to the press on January 8.
Goulignac said: “This investment shows that HeidelbergCement believes in the growth potential of the Togolese economy, and is a way to contribute to its development, by...
Yesterday, the UMOA securities market launched its second annual meeting in Dakar, Senegal.
This year, the event focuses on this market’s challenges, especially on ways to consolidate its leadership. According to UMOA-Securities’ managing director, Adrien Diouf, “the goal this year is to mobilize the whole financial sphere of our region to innovate and get more investors -...
The people of Kara will soon benefit from government-led initiatives, to improve the health sector in the region.
The initiatives will be specifically implemented by the national agropole development agency (APRODAT) and the South Korean foundation, Saemaul. They aim to better help communities in Kara adapt to the agricultural hub (‘agropole’) which is being established...
On January 21-22, there will be a forum for agricultural entrepreneurs.
On the occasion, 1,000 of these entrepreneurs will be pre-selected to take part in a training workshop baptized “Camp du Futur.” Out of these, 500 candidates -with the best business plans for their projects - will get incubated.
Next, 150 of them will get financial and technical support over a one-year...
Oragroup recently became one of the top 10 most dynamic firms listed on the BRVM - West Africa’s regional stock market. The news was disclosed by the stock market after its quarterly review of its stock indexes.
Thus, the bank joins others like Total SN, CIE, CI, and becomes the second company based in Lomé, besides Ecobank, to be on the list.
Here are, in order, BRVM’s...
Over a two-year period, 200 community actors of the maritime region will be taught innovative practices for sustainable land management. The ministry of environment, sustainable development and nature’s protection will be in charge of the training.
A selection notice was issued to recruit beneficiaries.
The training, let’s indicate, is part of the West Africa Coastal Areas...
Compared to most other West African nations, Togo better manages subsidies provided by Global Fund to fight AIDS, tuberculosis, and malaria.
According to a report recently released by the Fund, 30% of subsidies secured by the country since January 2018 ($73.2 million) had been disbursed at June 2019.
The major recipient of the monies is the Project Management Unit (UGP) which...
The news was announced by Claude Emmanuel Ajavon, partner of the football club during the second training course FC Barcelona organized in Togo. The latter ended on December 30, 2019.
Togo will be the fourth African nation where the club will have an academy. The other three being Egypt, Nigeria, and Zambia. FC Barcelona has 32 training academies all around the globe.
“This is a...
In the last quarter of 2019, Togo performed no operation on the UMOA-Titres financial market.
Now, the country seeks XOF25 billion which it intends to raise on this market, by issuing fungible treasury bonds.
The operation which should close on January 17, is predicted to mature over a year, with multiple interest rates. Its corresponding nominal value is XOF1...
Last month, the ministry for social action, the promotion of women and literacy, updated the national social action strategy (PNAS). This was at a validation workshop organized with the support of partners such as UNICEF.
The update aims at tackling the poverty level, which has risen in Togo over the last decade, as well as foster decentralization. It aligns with the national development...
Togo will soon get a manual on investments made by the State, public institutions and communities.
The document will explain “how authorities evaluate, monitor the use of financial, technical, and human resources, as well as results produced, and their efficiency in relation to set goals and deadlines.”
The advisor in charge of producing the manual will define processes, roles, and...
In Lomé, the CNLPAL and the European Union are currently holding a four-day workshop to produce a roadmap - that will subsequently yield a bill - to better control and monitor light weapons in Togo. The workshop started yesterday, January 6, 2019.
Mainly, participants of the meeting will expand on good practices in use at the global level, relative to weapon control. This, in addition to...