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Fourteen young Togolese public officers are now at Alibaba’s headquarters in Hangzhou, China, for the 3-day New Economy Workshop.
The workshop was opened yesterday, by Togo’s minister of mines, Marc Ably-Bidamon, and Brian Wong, Vice President of Alibaba. It is part of the Chinese tech giant’s e-commerce promotion and incubation program.
The Togolese participants will learn about...
The Kara agro-hub will have poultry slaughterhouses with a processing capacity of 1,000t-1,500t per hour, at peak production levels.
The agro-hub which is yet to be operational will also be equipped with poultry transformation and conditioning facilities. The hub’s hatcheries are forecast to produce nearly three million broiler chicks per year.
At its cruise phase, yearly processing...
In 2017, Togo’s goods exports amounted to $982 million, a recent commodity and base products report by UNCTAD revealed.
This amount is lower than the average recorded by the country over the 2013-2017 period, knowingly $1,175 million.
In details, the share of base products in goods exports two years ago was 72%, corresponding to $706 million. Average from 2013 to 2017 is...
Starting from 2020, ads will be displayed on WhatsApp users’ status. This was announced by Facebook which owns the app (which it acquired in February 2014 for $19 billion) used by more than a billion people daily, in more than 180 countries.
The Silicon Valley giant however emphasized that the app’s users will have the choice to watch an ad or not, adding that these ads will be as less...
Five weeks. That is how much time tech entrepreneurs from Togo and other African countries have left to apply for the 2019 Africa Netpreneur Prize Initiative, launched last March by the Jack Ma foundation.
Deadline of application is June 30 and the event will reward the continent’s ten best tech entrepreneurs of the year. Winners will share a $1 million grant funding equally.
Launched in...
Under its expansion strategy, the International Conference of African States on Insurance and Reinsurance Supervision (CICA-RE) plans on raising its capital from XOF30 billion to XOF50 billion by 2020.
To this end, the institution will seek out big investors. It should be noted that its actual stakeholders include member States, insurance and reinsurance firms, as well as financial institutions....
On June 4, 2019, those who subscribed to the 2013-2019 bond issued by Lomé-based Oragroup will receive quarterly interests. The lender will partially reimburse capital, a statement released by the Bourse Régionale des Valeurs Mobilières (BRVM) on 23 May 2019, stated.
The XOF15 billion public offering was stipulated at a gross annual rate of 6.75%.
From October 30 to November 29, 2013, the...
Between the 2017/18 and 2018/19 campaigns, Togo’s cotton output soared by 17%. The information was disclosed as the new cotton campaign was launched in Kara, Northern region.
From, 117,000 tons in 2017/18, volumes of cotton produced by the country exceeded 137,000 tons during the past season. While significant, the increase remains lower than expected.
The country had indeed forecasted its...
Three slaughterhouses will be built in Kara, Sokodé and Kpalimé, respectively. This aims, according to the ministry of agriculture and husbandry, at boosting meat production and quality, in line with the Agriculture Sector Support Project (PASA).
Building the facilities will cost more than XOF400 million and each of them will include: an operation building, an administrative building, a...
Togo’s ministry of water recently provided a contract valued at XOF194 million to ECM Sarl, a solar power specialized firm, and Vergnet Hydro, French firm that provides safe water supply systems and pumping equipment to rural areas especially.
Under the contract, solar-powered drinking water supply systems are to be installed in Nadiégou, Polougou, Kankangbane and Djalière, villages located...
Yesterday, a session to review and validate a new mining policy in Togo was opened in Lomé. The policy should pave the way to a new strategy to exploit mining resources.
The policy under review “determines types of investments, fostering economic growth on one side and helping reduce poverty through mining-related activities,” says Togo’s minister of mining, Marc Ably-Bidamon, who...
Five information desks have been opened across the country under the national project for the promotion of rural entrepreneurship (PNPER).
These facilities will receive, inform and direct the project’s potential beneficiaries. According to sources close to the project, they are already operational.
Laurent Stravato, Director of the International Fund for Agricultural Development (IFAD)...
Cameroonian Ferdinand Ngon Kemoum is Oragroup’s new Managing Director. Former deputy MD of the group between October 2009 and September 2015, he replaces Binta Touré Ndoye who resigned after steering the group’s wheel since 2016.
The Cameroonian will assume office next June 1. Until now, he was MD of Emerging Capital Partners (ECP) in Douala. ECP it should be emphasized holds a majority...
WAEMU set a mechanism to support SMEs and SMIs which is currently at the heart of an information workshop held at the Togolese Chamber of Commerce and Industry (CCIT). The workshop is organized by the committee in charge of identifying mechanisms and facilities supporting SMEs and SMIs in Togo.
According to the CCIT, WAEMU’s “mechanism aims at providing an appropriate solution to the issue...
Quality managers of private firms operating in Togo are currently undertaking a two-day workshop (started yesterday) focused on the 9001 ISO standard v 2015. This norm specifies quality standards imposed on these firms.
Organized by the West African Federation of Employers’ Organizations, the workshop will equip local companies so that they can tackle issues related to...
Lomé-based Oragroup was the leading bank in Togo in 2017, sources released by the BCEAO indicate. According to the apex bank, the bank whose assets were valued at XOF545 billion that year is followed by Ecobank Togo whose assets amounted to XOF416 billion over the period.
The country’s best bank two years ago was Union Togolaise de Banque (UTB), with total assets estimated at XOF303 billion....