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Leveraging a successful bond issuance recorded last Friday, Togo seeks to raise a total of CFA95 billion on UMOA securities market during five more operations it plans this quarter.
In detail, according to the UMOA-securities debt planning agency, the country will seek CFA40 billion on the regional market, via two fungible treasury bills issuances. The two operations are set for April 19 and...
The Togolese government intends to, by 2040, triple freight to landlocked countries to which it has access by building a dry port in Cinkassé, in the Savanes region. From 3.786 million tons now, this volume should stand at 10.230 million in line with the authorities’ target.
The port will be built over a 100-hectare property. It will help containerize and strengthen transport corridor between...
The High Authority for Audiovisual and Communication (HAAC) just adopted a strategic action plan covering the 2019-2023 period.
To carry out this plan, the media regulatory organ should raise CFA3.5 billion. PNUD’s representation which helped draw the plan said it will support.
According to Maurille Agbokou, Advisor on the project, funds alone are not enough to facilitate the plan’s...
“Digital transformation has the potential of unlocking new pathways for inclusive growth and creating jobs in Africa…Yet, access to the internet remains unattainable for most people in the region, which requires investment to be made in infrastructure and youth education,” the World Bank said in the latest edition of its Africa’s Pulse report.
“The digital transformation can increase...
Last Friday, Togo raised CFA77 billion on the UMOA-securities regional market, through a fungible Treasury bond issuance. This operation, the first for this second quarter, initially had a target of CFA20 billion, and was thus oversubscribed by 386%.
This outstanding performance follows another at the close of Q1 2019 where Togo raised CFA22 billion against an initial target of CFA20...
Téolis, the internet service provider (ISP) which recently entered the Togolese market announced that it would open up its capital only under certain conditions.
“We are willing to open our capital. It is not closed. However, for now what we are looking for are real partners, who bring to the table more than just money. We are looking for a partner with expertise,” a global network,...
The second phase of the expansion of the national road n°1 (RN1) will be showcased during the Togo-EU forum which will be held in Lomé next June 13-14.
The phase which will cost $620 million should improve the movement of goods and people along the Lomé-Ouaga axis, in addition to boosting performances of the port of Lomé. It articulates with other projects such as the dry port of...
Starting next June 23, Ethiopian Airlines will be flying to Houston, Texas, via Lomé. This is after deciding to terminate its Addis Ababa-Lomé-Los Angeles liaison.
According to reliable sources, the line that went to California is being redirected to Houston and there will be three flights per week to this destination.
“New flights to Houston will be the only line between Houston and...
Sinapi biomedical, a Stellenbosch-based (Western Cape, South Africa) biomedical engineering firm plans on entering the West African market, through Togo.
“We wish to collaborate with local authorities to improve healthcare in Togo. We are actually seeking a local private or public partner, specialized in the distribution of our medical devices.” This was revealed to Togo First by Tobias...
Togo’s minister of posts, digital economy and technological innovations is currently in Dubai where she is attending the 9th Annual Investment Meeting (AMI).
The minister will talk during a panel of the United Nations Economic Commission for Africa (UNECA). She should at this occasion meet various investors to discuss investment opportunities available in Togo, same as she did during the...
Togo’s agency for rural electrification and renewable energies (AT2ER), is currently carrying out a sensitization campaign in Kara, in the north.
On this occasion, the agency told various administrative authorities and actors of civil society about some of the actions it undertook to ensure that Togo is fully electrified by 2030.
The AT2ER was established in May 2016 to boost rural...
From next April 24 and 26, Lomé will host the West Africa Fertilizer Forum.
The event will gather major actors and all parties interested in the West African fertilizer industry, according to the Africa Fertilizer initiative, which will organize it in partnership with the Regional Fertilizer Professionals Association.
More than 200 participants from 38 countries are expected at the...
There are no e-money institutions in Togo, unlike Benin, Burkina Faso, Mali, Côte d’Ivoire and Senegal. This was revealed in a report on these institutions released by the Central Bank of West African States (BCEAO) at the end of December 2018.
Just like Togo, Guinea-Bissau and Niger also have no e-money institutions but rather focus on partnerships between banks and telecom operators active...
Yesterday, the International Employment Forum was held in Lomé. The event which was organized by Togo’s national employment agency (ANPE) and Migration aimed at presenting support and framework established by the agency to facilitate travel abroad, legally, for professional purpose.
The theme of the event was “Employment beyond borders”.
Among attendees were many representatives of...
Oragroup will be listed on the Bourse Régionale des Valeurs Mobilières (BRVM) next April 16. The bank indeed received the approval of the regional council or public savings and financial markets (CREPMF) for the operation.
The listing, which covers 20% of the lender’s capital (floating) will take place a few months after its IPO which occured between October and November 2018.
The IPO, it...
In 2017, there were 38.13 million mobile money transactions in Togo. This figure which is almost twice that recorded in 2016 corresponded to an amount of XOF394.3 billion in 2017, against XOF263.1 billion the year before.
The data was disclosed in the BCEAO’s latest annual report on digital financial services across the WAEMU.
The rise in the number of transactions translates an increase in...