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From December 2 to 7, 2019, Lomé will host the 55th council of member states of the International Tropical Timber Organization (ITTO).
The information was disclosed yesterday during a conference organized by the ministry of environment and sustainable development.
About 300 participants are expected at this event and on this occasion, various projects should be submitted for funding, according...
The government seeks 40 Togolese students from the Universities of Lomé, Kara, and UCAO to take part in the second edition of the presidential excellence programme for the national development plan (PPEP).
The scheme mainly is targeting training the youth to reinforce the country's administration.
Selected students will work on projects that align with the national development plan (PND), in...
In line with its Country Partnership Framework (CPF), the World Bank will soon provide Togo with new financing to support digital competitiveness and governance.
The project will in effect support the State's economic and structural reforms, especially relative to the digitalization of administrative procedures. The news was disclosed by the World Bank's resident representative, Hawa Cissé...
Oragroup published a net income of XOF9.1 billion for Q3 2019. This is up 247.7% compared with the same quarter last year. This is quite an improvement from the first half of the year where the group's net income stood at XOF2.8 billion (-60% in comparison with the same period in 2018).
The Lomé-based lender attributes its performance to an improvement in the net cost of risk, paired with...
To boost the private sector and business creation, the Togolese government has initiated many measures, including for example the reservation of 25% of public procurements to youth and women.
At the launch of the first Private sector Week yesterday, the Prime Minister recalled some of these legislative and/or regulatory measures. He thus mentioned the investment and tax codes, the establishment...
SCAN Togo (a subsidiary of Heidelberg Cement Group) signed yesterday in Lomé a public-private partnership agreement with the German Cooperation (GIZ).
Under the agreement, the two partners commit to provide professional training in craftsmanship and construction works (masonry, carpentry, and joinery) to artisans and youth of Tokpli and its surroundings, about a hundred kilometers northeast of...
"In 2019, the State recorded a revenue shortfall of XOF650 million in the energy sector after deciding to halve connection fees for the private sector," according to Sandra Johnson, minister-advisor to the President and head of the business climate cell.
This is one of the many sacrifices of the State to make it easier to start up a business in Togo.
The country also lost about XOF14 billion...
Nigeria has decided to keep its borders closed until the end of January 2020, Ecofin Agency reports citing a memo released at the end of the past week.
The document which was cited by Nigerian media The guardian indicates that "it is observed that despite the overwhelming success of the operation particularly the security and economic benefits to the nation, a few strategic objectives are yet to...
Last Friday, the Millenium Challenge Corporation (MCC) released its scorecard for 2020. On the latter, Togo has validated 14 out of the 20 indicators.
The assessment sums up in three categories, indicators validated by the 80 countries that adhere to the program. The categories are: Ruling justly, Economic freedom, and Investing in people.
Under the "Ruling justly" category, Togo validated four...
The French Development Agency (AFD) has granted Togo €15 million to support its education sector, in the framework of the Junior High School Reform Project -PAREC II.
The monies should help improve upon capacities and infrastructures in public junior high schools in the Maritime, Plateaux and Savanes regions. More than 160 schools should benefit from the scheme.
In effect, exactly 92...
Togolese Prime Minister, Komi Sélom Klassou, opened on November 4, 2019, in Lomé, the first edition of the Private Sector Week, in the presence of important figures of the private sector, international finance institutions and various development partners.
Themed, "Private Sector, driver of socio-economic development and growth of Togo," the event aims to foster the implementation of the...
The first edition of the Private Sector Week was officially launched in Lomé on November 4, 2019. The theme of the event is Private sector, driver of socio-economic development and growth of Togo. Organized by the government and the private sector, it aims to review all concerns of private actors so as to enable them to fully play their part in the implementation of the national development plan...
On October 17, 2019, Joël Aboflan, Managing Director of Aldus Multi-Services, a Togolese institute that provides ICT training, signed with Guo Fan, CEO of Dafc Frameking Pictures, a Chinese broadcasting company, a memorandum of understanding.
Under the MoU, the Chinese firm committed to building in Togo an international film-making private university, the first of its kind to be built by China...
Yesterday, the International Finance Corporation (IFC), World Bank's arm for the private sector, opened its offices in Togo. A headquarters agreement was signed the same day. During the inauguration ceremony, the institution's Vice President for Africa and the Middle East, Sérgio Pimenta declared: "Togo is really the place where the private sector should come invest in Africa." He added that...
Using PV solar panels, Togo could power 500,000 households. This was disclosed by Nouhou Amadou Seini, coordinator of the third zone of the Regional Off-grid Electrification Project (ROGEP).
This was at a meeting that is being held today in Lomé to restitute and validate a study assessing the off-grid PV solar market in Togo.
According to Nouhou Amadou, the 500,000 households are divided into...
Togo released today its country report for the Doing Business 2020. This was during a ceremony chaired by President Gnassingbé, in the presence of some public figures, diplomats, representatives of the private sector and civil society and executives from the World Bank.
On this occasion, participants reviewed Togo's achievements in the latest Doing Business report.
Hence, various figures, such...