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Togo will try to raise 25 billion FCFA on the regional financial market by September 11.
The country, which has been successful since January with investors from the West African Monetary Union (WAMU), will issue to this end fungible treasury bonds with a nominal value of 10,000 FCFA, stipulated for a 36-month maturity.
The securities carry an interest rate of 6.15% per annum, payable from the...
The Project Management Unit (PMU) of the Global Fund in Togo launched a call for expression of interest to domicile its financial resources for the period 2021-2023. It urged interested banks to submit by September 7 applications for opening and managing three euro accounts and 31 accounts denominated in CFA.
The funds, €98,856.160 (around CFA65 billion) in total, will be dedicated...
The National Agency for the Promotion and Guarantee of Financing (ANPGF) and the National Council of Employers (CNP-Togo) sealed on Thursday, August 27 in Lome, a strategic partnership to support SMEs and SMIs which have been hit hard by Covid-19.
“Concerning the respective missions of our institutions, we have deemed it useful to join forces to provide our services and support to Togolese...
This week, a national workshop was held in Kpalimé to validate the Practical Guide to Disaster and Threat Management. This is a 48-page document that clarifies the roles and responsibilities of local authorities in the management of these situations.
It fosters the integration of disaster risk and threat reduction into development planning tools at the local level.
Management of threats and...
The World Bank Group has just announced the suspension of its highly acclaimed Doing Business (DB) report, which assesses the business climate in nearly 200 countries worldwide.
This decision, according to the World Bank, was driven by irregularities in data collected for the annual ranking. The reports in question are those of the years 2017 and 2019, that is to say, the DB 2018, where...
Togolese authorities have made compulsory the declaration of some “sensitive” products at the ministry of trade and local consumption promotion, before importing them. The measure was announced by a press release from the ministry (dated August 26, 2020) - it aligns with an inter-ministerial decree issued on July 17, 2020, to this end.
The products concerned include “live animals and fish,...
The Centre des Techniques Avancées (Center for Advanced Techniques) is the name of the new incubation center the Togolese government is setting up at the Chinese Center for Agricultural Techniques in Zanguera (a northwestern suburb of Lomé).
Last Tuesday, during a webinar co-organized by NEPAD and Ecobank, the minister of agriculture, Noël Bataka Koutera, said the government is looking...
Solar solution provider Bboxx just launched a new product: bPower20.
The product, designed for rural households and energy-efficient microenterprises, would first be deployed in Togo, Rwanda, Kenya, and the Democratic Republic of Congo - all markets where the firm operates. Other countries where Bboxx is active should follow by 2021.
“Thanks to a decade of experience and...
Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), will purchase nearly €2.5 million worth of new connection equipment. This will include anti-fraud equipment.
Following a bid tender, French firm Michaud Export won the contract for the project. The firm, let it be highlighted, is present in 70 countries and has a capital of €60 million.
Equipment...
Togo will review its national development plan to adapt to the coronavirus crisis which affects both the local and global economy.
This was announced by the minister of economy and finance, Sani Yaya, at the beginning of the 19th national review of reforms’ performances.
On the occasion, the official declared: “We can learn a lot from the Covid-19 pandemic (...), especially...
Major actors of Togo’s tourism have gathered in Kpalimé since last Wednesday to update laws regulating the sector.
At the end of the meeting, the country should have new laws that are better adapted to current needs and community policies.
For the government and concerned actors, the main objective is to make the tourism industry more competitive and attractive, and ultimately...
Works for the Adetikope industrial zone have started. The project, steered by ARISE IIP, covers 400 ha of land and is situated 27km from the port of Lomé.
The industrial platform will enable investors to build factories that will process local products in situ. It will include 700-truck parking, a 12,500 TEU container storage space, a loading and unloading warehouse, a storage unit...
The State secretary in charge of financial inclusion and the informal sector will set up a CFA20 billion credit line for small and medium enterprises (SMEs) in Togo. The move aligns with measures announced at the recent State summit held concerning the response to Covid-19.
An agreement was signed last Friday by the National Fund for Inclusive Finance (FNFI) and Orabank-Togo in this...
For its third simultaneous bond issue on the UMOA-securities market this year, Togo garnered more than CFA76 billion. The operation which closed last Friday thus recorded a subscription rate of 255% since the country was seeking CFA30 billion.
While both issues involved fungible treasury bonds, their maturity periods differ. The first, which enabled Togo to mobilize over CFA50 billion from...
After serving as head of the EU delegation in Togo for the past three years, Cristina Martins Barreira ended her mandate in the country last week.
In this framework, she was received on August 21 by Togolese PM, Komi Selom Klassou who bid her farewell. “From Togo, I keep in mind the welcome of the Togolese people, good relations with authorities. I have always felt at home and I...
Yesterday, the ministry of health received 20 all-terrain vehicles from the World Bank. The move, which supports Togo's Covid-19 response, falls under the Regional Disease Surveillance Systems Enhancement Program (REDISSE) of the Bretton Woods institution.
The vehicles, worth CFAF 350 million, were received by the minister of health, Prof. Mustapha Mijiyawa, in the presence of the WB's...