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Togo’s minister of foreign affairs, Robert Dussey, just launched today, July 2, the High Council for the Togolese Diaspora (HCTE in French). This is a few months after he released the Togolese Diaspora Roadmap.
The new council, the official declares, “will represent the Togolese diaspora, and will serve mainly as a place for exchange and mutual trust with the government.”
Its launch marks...
Tomorrow, July 3, Orabank-Togo will launch KEAZ, its brand new digital platform.
The platform “aims at allowing all strata of the population to access the bank’s services,” in the simplest form possible.
Among main services that will be provided on KEAZ is Internet Banking for individuals and businesses. It will also be possible to access the multipurpose counter enabling cash...
Soon, Togo should have its first transport and logistics center, credible sources indicate.
The initiative falls under a project to make logistics services more competitive for trade promotion. It also aligns with the first axis of the country’s national development plan (PND) which aims at making Togo a first-class business centre in the region and a reference logistics hub.
It will help...
At the end of December last year, Togo’s public debt was XOF2,191 billion according to a recent report released by the Ministry of Finance. This is nearly 74% of the country’s GDP.
The national public debt committee which wrote the report indicates that 73% of this debt is denominated in the local currency while 27.% is in foreign currency. According to the document’s author, this...
On July 1, 2019, the UMOA-Titres agency released its rankings of best Primary Dealers of treasury securities. In depth, the rankings looked at the countries participation in issuances, how engaged they are on the secondary market and how good is their collaboration with national treasuries.
Primary dealers are the only ones allowed to directly take part in issuances conducted by the Public...
At the recently held Togo-EU forum in Lomé, 141 projects (out of 407 submitted) were deemed bankable and secured XOF852 billion worth of commitments from investors.
There will be a continuous follow-up of the projects, assured both the government and the European Union and while the latter says it will make sure all selected projects get funding, Germain Mèba, president of Togo’s chamber of...
Togo’s economic growth in 2018 was 4.9%, thus exceeding forecast by 0.1%.
This was disclosed in the BCEAO’s latest report on monetary policy across the West African Monetary Union (WAMU).
According to the institution, the rise was spurred by a greater agricultural output in the 2018/19 campaign.
Moreover, an improved growth in Togo, and Niger, during the first quarter of 2019 has partially...
Last Friday, Togo closed its operations on the regional financial market for the first half of the year.
The country’s last operation for the period is a three-year maturity bond issuance. It successfully raised XOF22 billion (while it sought XOF20 billion initially) in the process; proceeds will be used to finance expenditures set under the 2019 State budget.
In detail, total submissions...
Via a decree issued during the ministerial council of June 25, 2019, Togo transposed the WAEMU community provision on the execution of public works into its law.
Via this decree, Togo equips itself with a legal scheme that will help coordinate and implement large or complex public projects for which contracting authorities have no internal skills.
This should greatly improve...
Togolese minister of trade and private sector promotion, Kodjo Adedze (photo), announced the government has secured investors’ commitment to the project to duplicate the Unity Highway (l’Autoroute de l’Unité). This was during a press brief on the Togo-EU forum the country held last June 13 and 14.
The extension of the highway was decided to ease traffic flow on the Lomé...
The International Monetary Fund (IMF) has allowed a slight increase of Togo’s budget deficit. A true relief for the country struggling to increase internal revenues while social expenditures keep growing.
“A temporary increase in the fiscal deficit is warranted to accommodate some urgent spending. Notwithstanding this relaxation of fiscal targets, Togo is projected to remain within the WAEMU...
Togo’s government implemented yesterday at a ministers’ council a WAEMU guideline relative to ethics and deontology in public services and public procurements.
The decision is explained by failures to fight malpractices and inappropriate behaviors relating to the procurements. The government hence wishes to better the latter and improve on public service delegations.
In the long term, the...
In line with its quality policy (ECOQUAL), ECOWAS wants to primarily certify the following five products: cashew nuts, vegetal oil, cement, water and fish.
This is to ease access to safe products and services, which meet set standards, in West Africa. According to Commodafrica, it would also allow buyers, sellers and other concerned parties to easily reach agreements regarding standard...
Last Monday, the five solar academies announced under the CIZO project effectively began operations.
A first batch of 450 students (90 dispatched across the five centres) started classes at the academies, according to a statement by Kya Energy Group, local startup picked to steer the project.
Overall, the firm should train 3,000 technicians (600 per academy) over six months to solar kit...
Togo Volailles is the name of the project developed by Heugan & Associés Négoces (Hans) SAS, Synergie Eurobec International (from Canada) and New Tech Distribution (France). This project was revealed last week.
In effect the project aims at boosting poultry production in Togo (then to other West African countries), make local poultry products cheaper and eventually reduce poultry import by...
By 2022, Togo plans to undertake a deep reform of its road transport sector as it aims to make it more performant and professional.
In this framework, a meeting was held yesterday between actors, professionals of the sector, and international partners, such as the World Bank, that are backing the project.
Participants looked at key points of a four-month review of the sector led by the...