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A delegation of the African Green Revolution Alliance (AGRA) will attend the 11th National Togolese Farmer Forum of the (FNPT) which will start next April 11, in Kara.
This was reported by the minister of agriculture, animal production and fishery, after a recent top-class meeting on food security in the Sahel and West Africa, held in Brussels. A meeting during which the AGRA itself made the...
From over 80% at end-2016, Togo’s public debt was below 70% at the end of March 2019. This was declared by Sani Yaya, minister of economy and finances last Tuesday during a meeting to review a mission of the International Monetary Fund (IMF) under the fourth extended credit facility (ECF) review.
The decrease results from efforts made by the government to cut down public debt. Indeed, “the...
Togo’s growth rate could slightly exceed 5% in 2019. The figure was revealed during a press conference held April 2, 2019 and closing of the mission of the International Monetary Fund (IMF) present in Lomé since March 20, to review the Extended Credit Facility (ECF).
“After a strong slump in 2017 caused by sociopolitical tensions, economic growth hiked up to 4.9% in 2018,” said the...
Togo’s chamber of industry and commerce will take all the necessary steps for the seamless contribution of the country’s private sector to the success of Togo-EU economic forum. This major support from the private sector was announced by Germain Méba, president of the chamber.
To sensitize operators and explain the reasons economic operators should attend this event, the chamber...
On Monday, the website dedicated to the EU-Togo economic forum was officially launched by the committee in charge of organizing the event.
The site was launched to, among others, promote the forum which aims at securing financing for the national development plan (2018-2022 PND).
According to Kodzo Adedze, minister of the private sector, this marks a “major step in the history of Togo.” An...
Almost all 97 reforms projected in relation to the country’s public finances have been carried out or are underway. This was revealed on Monday during a session to review the reforms.
“In 2018, we planned 97 reforms, out of which 54 have been effectively implemented, 34 are underway and 9 yet to be initiated,” said Dedji Affoh, Division Chief at the Permanent Secretary of the Ministry of...
The University of Lomé is currently hosting the “10,000 Codeurs Togo” meeting.
The event’s theme is “digital professions: a path leading to the empowerment of Togolese youth.” It is organized by 10,000 Codeurs, a network of individuals active in the digital industry who help young Africans get jobs in this sector.
The network in Togo hopes to be backed by the ministry of posts,...
Mediterranean Shipping Company (MSC), world’s second largest shipowner, plans to invest €500 million in the Lomé Container Terminal in which it holds a stake, over the next decade. This was revealed to Jeune Afrique by MSC’s new managing director, Ammar Kanaan.
“The port is running very well. Our productivity on the docks keeps growing every year and has now made Lomé one...
Out of 979 listed projects, 250 have been selected to be financed by the Culture Promotion Fund (FAC) this year. Just like last, the projects which were submitted by various cultural associations will benefit from a CFA600 million facility.
In detail, the performing arts projects will get CFA274 million or 46% of the planned budget. Next are film and audiovisual productions which will get...
“We are completely opened to a deep reform of the CFA, however it is up to the States to decide.” This was declared by France’s Minister of Economy and Finance, Bruno Le Maire after meeting with Niger's president, Issoufou Mahamadou on the sidelines of a meeting between the Franc Zone’s ministers of finances, held in Niamey on March 27-28, 2019.
According to these ministers, the zone...
AFDB injects €12.5M into Adiwale Partners Co to support SMEs’ development in francophone West Africa
The African Developent Bank (AfDB) has approved a €12.5 million financing in first generation private equity fund Adiwale Fund 1. The information was revealed by the pan-African institution in a statement issued last Thursday.
“The Bank’s investment in Adiwale Fund 1 will improve financing options and SMEs capacities in French-speaking West Africa,” said Alhassane Haidara, head of...
From now on, the national agency for food security (ANSAT) will pay grain farmers their production via bank accounts.
“We have put in place a new procedure that involves prior stock declaration. In effect, ANSAT agents will visit the farmers to check the stock’s quality, after which the money will be wired to the cooperative’s account,” said Napo Gnofam, Sales Head at ANSAT.
This is a...
Liquid Telecom, subsidiary of Zimbabwean group Econet Wireless, could soon enter the Togolese market.
Last Monday, the group announced in Kigali, at the Africa CEO Forum, which was attended by a Togolese delegation led by President Gnassingbé himself.
If Liquid Telecom succeeds in entering Togo, it would be its first step in West Africa. However it will be the country’s fourth Internet...
In the West African Economic and Monetary Union (WAEMU), actors of the cotton sector wish to put in place a regional consultation framework. This was revealed during an exchange workshop held in Ouagadougou regarding the sector’s structuring in the region.
According to Zourata Lompo-Ouedraogo, cabinet director of Jonas Gbian, head of agriculture, water resources and environment of the WAEMU...
A total of hundred projects will be financed in the framework of the coming Togo-EU economic forum next June 13-14.
The call for the projects was recently launched on forumtogo-ue.tg, the website dedicated to the event.
The projects cover sectors such as agrofood and agriculture, bank and insurance, construction and related equipment, trade, services and enterprises, transport and...
Coastal degradation cost Togo $310 million in 2017. This was disclosed in a World Bank report on the hazard’s impacts in West Africa, especially in Benin, Côte d’Ivoire, Senegal and Togo.
In the report, three major factors were discussed: floods, coastal erosion, pollution (water and air) and waste management.
In detail, coastal erosion alone cost the country $213 million, thus...