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On November 28 and 29, Lomé will host the HCTE-Réussite Diaspora forum. The event which is organized by the ministry of foreign affairs aims at strengthening relations between Togo and its diaspora (about 1.5 million Togolese living outside the country).
At this occasion, all 77 recently elected delegates of the High Council of the Togolese Diaspora (HTCE) will be officially inaugurated....
Over the past three quarters, Lomé's airport generated for the State XOF3.54 billion of royalties.
This figure is 168% more than the amount expected by the government under its 2019 finance law (2.1 billion). It is also far above the XOF670 million collected last year over the same year.
In detail, the AIGE paid 1.19 billion in the first two quarters, and 2.35 billion in the third.
Let's...
In Togo, many power facilities will be rehabilitated and reinforced through the power reform and investment project (PRISET).
The works have been divided into two contracts. The first was attributed to STEG INTERNATIONAL SERVICES from Tunisia and the second to ABB TECHNOLOGY from Côte d'Ivoire. Works to be carried out by the Ivorian should cost around XOF1.7 billion, according to the award...
Applications to the Sustainable Energy Young Enterprises (JEDD in French) are now open. Eligible to apply are young entrepreneurs who operate in the power sector and have been active for at least two years in any French-speaking sub-Saharan African countries. They have until December 31, 2019, to submit their applications.
The contest is organized by the Francophonie's Institute for Sustainable...
Following a tender, Entreprise de Moderne de Technologie (EMT) has been hired to construct boreholes in Kara's agropole area. Ari Edem Akouvi, the new MD of the agency for the promotion and development of agropoles in Togo (Aprodat), made the announcement last week. However the process for the provision of the related contract is still ongoing.
EMT thus has to build by March 2020 twenty new...
The fish port of Lomé which was under rehabilitation restarted operations last Thursday.
Located in Gbétsogbé (east of Lomé), rehabilitation works were covered by a large grant (XOF14.4 billion) from the Japan International Cooperation Agency (JICA) and about XOF6 billion provided by the Togolese State.
The facility's rehabilitation aims to "improve livelihood of people, their earnings...
In 2018, Togo was the largest West African exporter of organic agricultural products to Europe.
According to a report disclosing the information, the country sold 22,123t of these products to the Old Continent last year. This volume places Togo at the fifth position in Africa and 31st worldwide. In West Africa, it comes before Ghana, Côte d'Ivoire, Burkina Faso, Sierra Leone, Senegal, and...
A loan agreement was signed yesterday for the construction of a 65MW combined-cycle Kékéli Efficient power plant.
The document was inked in Lomé by the BOAD, a group of technical and financial partners, and Kékéli Efficient Power (Eranove Group).
This signing is a new milestone towards the realization of the project which will cost XOF64 billon.
Last March, the...
Around 170 suspected terrorists and criminals have recently been arrested near the Togo-Ghana border. The news was disclosed by Ghana's minister for national security, Albert Kan-Dapaah.
Some of the suspects were found with illegal weapons. A total of 108 weapons, including locally-made and foreign single/double-barrelled guns, "without any valid document" were seized.
The arrests fall under a...
On the sidelines of the Africa Investment Forum held in Johannesburg, the European Investment Bank (EIB) signed with the African Trade Insurance Agency (ATI) agreements for the adhesion of three potential members: Cameroon, Niger, and Togo.
The agreements "will enable these countries to fully benefit from their adhesion to ATI and to greater investments in sectors like agriculture, power,...
As part of the project to expand Lome's power network, the CEET urges firms interested in building medium and low tension lines, and stations, to submit their proposals latest by January 2020.
The works will be financed by the French Development Agency (AFD), the European Union (EU), and the German Development Bank, KfW.
Additional information is available at the CEET's head office, at the...
After talks of the direct transfer of the BTCI failed, Togolese public policies launched a tender similar to that of UTB's transfer. The government expects to close the lender's privatization in Q1 2020. “This would guarantee financial stability and reduce government’s budget expenses,” says the International Monetary Fund which closely follows the process. The institution argues...
Foreign direct investments to Togo should grow by 16% on average per year over the 2019-2024 period. This was forecasted by the International Monetary Fund (IMF).
According to the institution, the figure should reach XOF85.9 billion (up 15.6% compared to last year) this year. By 2024, it should double, reaching about XOF178 billion.
The improvement should, IMF says, be driven by a better...
Togo exported 388 tons of cashew to the European Union over the past three quarters. This is a notable improvement compared to 2017 and 2018, where the country exported 118 tons and 134 tons respectively to the EU.
According to Commodafrica which reported the figures citing N'Kalo, while exports to the Old Continent are going up, those to the US have slumped by 24% over the first three quarters...
Four to six integrated agricultural markets should soon be established at the Togo-Benin border. An agreement was signed in this regard last week by Noël Bataka, Togo's minister of agriculture, his counterpart from Benin, Gaston Cossi Dossouhoui, and Lisandro Martin, Regional Director of the International Fund for Agricultural Development (IFAD).
This project is part of the regional integrated...
Between 2010 and 2018, Togo invested about XOF680 billion to expand and modernize its roads. Overall, more than 800 km of roads were rehabilitated or built over the period. This was revealed on November 18 at a meeting gathering the heads of ECOWAS national cells on the fund for the development and financing of the transport and energy sectors (FODETE) in West Africa.
Other major projects...