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French group Africar, leading small car ads network in Africa revealed March 27 that it would launch in Togo Carasigbe.com, the first-ever online car dealing platform.
This website adds to about 20 others already operating across Africa. With it, both individuals and concessionaires will be able to “sell cars, bikes and trucks, more safely and rapidly.”
Carasigbe.com can be accessed on...
Only 8% Togolese would go to Europe if they had to emigrate. This was revealed in Afrobaromètre’s latest survey on emigration in Africa.
The survey conducted in November 2018 indeed shows that 4 out of 10 Togolese would rather go to another West African country (43%) or another region in Africa (12%).
These figures align with a global trend emerging across the continent.
Africans often...
Ethiopian Airlines won the African Champion of the Year at the 2019 Africa CEO Forum in Kigali. This reflects a “vote of confidence” in the company, two weeks after it suffered the crash of one of its Boeing 737 max; an accident that killed 157 people.
The title rewards the airlines’ efforts in contributing to regional economic integration in Africa. Ethiopian airlines competed with other...
From April 11 to 19, 2019, an agricultural fair will be held at the Palais des Congrès of Kara. This, ahead of the 11th National Togolese Farmer Forum (FNPT).
During the fair, local agricultural products will be promoted, same for technological innovations, agro-industrial products, and many more.
The fair’s goal, according to the ministry of agriculture which is behind the initiative, is to...
On March 25, 2019, a three-day workshop on social entrepreneurship was started at the University of Lomé. Initiated by the US embassy and the national coalition for youth employment (CNEJ). This workshop aims at helping young people build their ideas and turn these into products meeting international standards.
What distinguishes social entrepreneurship from traditional entrepreneurship is that...
On the sidelines of its fifth anniversary, the National Fund for Inclusive Finance unveiled new products it will be offering. These include a solution to directly refinancing beneficiaries reaching out to financial partners and another to help beneficiaries formalize (PAF).
The two products were launched in Kara last Saturday during a ceremony presided by Togo’s head of State, Faure...
Almost a million beneficiaries. That is the number of people that received BBOXX solar kits worldwide so far.
The British firm indeed declared: “To date, we have provided clean, cheap and reliable electricity to about a million people.” Africa is the greatest beneficiary since it has the highest demand for BBOXX’s products.
BBOXX on the continent operates in Rwanda (its largest market),...
In Togo, 85% of LLCs created in 2018 were under a private deed, meaning involving no notarial deed. This equals 2,200 companies over a total of 2,587, the rest having been established with a notarial deed.
This data comes from the Centre for Business Formalities (CFE) and reflects the multiple reforms initiated by the government in the recent years to improve business formalization.
More...
Today as announced earlier, the special Invest in Togo session dedicated to the PND’s promotion in Kigali opened, chaired by the Togolese president.
Hosting the session are President Gnassingbé himself, Sani Yaya, his minister of finance, Gregory Krief, Managing director MSC Togo and the Lomé Container Terminal (LCT), and Frederic Dovi-Akué, MD Do Pharma SA.
“65% of funds needed for...
After rising in the previously released Doing Business 2019, Togo now aims to be among the top 100 of the global ranking in the next release. To this end, it implemented various reforms focusing on key indicators.
There is for example the execution of commercial contracts to ease access to allow business owners to access commercial courts more easily. The information was disclosed by the...
The government of Togo has opened a single desk to handle land-related operations. The decree creating this desk was adopted last Wednesday in a council of ministers.
The Single Land Desk (GFU in French) as it is named “aims at simplifying and accelerating procedures to land deeds.” It regroups representatives from all administrations involved in processes of submission and collection of...
Togo’s government recently amended its regional chambers of agriculture, local institutions in charge of representing and promoting this sector.
For instance, every member of the regional chamber will be paying a membership fee. Also, the Bureau national des chambres régionales d’agriculture (BN-CRA), which oversees all the chambers, is now the Permanent Council of Agricultural...
In the West African Economic and Monetary Union (WAEMU), Togo had the second highest rate of bancarization, 27%, in 2017. The information is disclosed in the BCEAO’s latest financial inclusion report.
According to the document, Benin was the union’s most bancarized nation over the period reviewed, ahead of Togo, Burkina Faso (22.2), Senegal (19.6%) and Côte d’Ivoire (16.6%).
On a...
More than six out of 10 Togolese believe that the weather has worsened in the past ten years, in regard to agricultural production. This was revealed in the latest survey of Afrobaromètre released February 28th.
This opinion is even more shared among farmers (72% of surveyed). Farmers in the Savanes region appear to be the most hit by the bad weather, according to the survey (83% of the...
In N’Kâlo’s latest report on the cashew market, it was revealed that Togo exported 267 tons of cashew nuts to the European Union in 2018. This is against 118 tons in 2017 (+128%).
Going further back, Togo had exported 190 tons of the nuts to the Union, the report indicates.
While volumes sent to the Old Continent are on the rise, those headed to the US have fallen. From 2017 to 2018, they...
The West African Development Bank (BOAD) will invest XOF25 billion in the construction of the Kekeli Efficient Power thermal plant.
Indeed, the institution’s board during a recent meeting in Dakar approved the investment for this project which has been trusted to Eranove under a 25-year concession agreement.
The plant, the second after Lomé’s which was built by Contour Global, will...