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On April 25, President Gnassingbé inaugurated in Gbatopé (Zio prefecture), a pineapple processing factory.
Baptized Jus Délice, the facility will help the country process the fruit and make this sector more competitive. More than eight tons of pineapple per day will be processed into organic juice. This output is to be exported to Europe, according to the ministry of agriculture.
Besides...
Togo launched April 23 in Siké-Afidegnon, in the Yoto prefecture, the pilot stage of the “Tomorrow Connected Community” project, a project inspired from Rwanda’s “Tomorrow rural home” project. The new project leverages the technology-energy combo to benefit Togolese communities.
It is steered by BBOXX, just like the CIZO, EDF, mobile operators Togocel and Moov, and power...
On Wednesday, April 24, Togo’s parliament gave its approval for the country’s adhesion to the agreement to create the Africa Trade Insurance Agency.
The country is now set to enjoy the various advantages derived from the agreement. For example, poverty will be reduced, leveraging a partnership with other African countries, multilateral development institutions and private sector.
The Trade...
Yesterday, April 24, President Gnassingbé inaugurated, in the presence of the Chinese ambassador, the new administrative services center provided by China.
Located in the Lomé II area, near the new presidential office, the building which cost XOF18 billion will host three ministries, namely those of health, agriculture and primary and secondary education. Built on a land of about 20,000 m²,...
Togo’s new fishing port, in Gbetsogbe-Baguida (about 10km from Lomé), is officially operational.
It was inaugurated by President Gnassingbé yesterday, as part of activities planned in line with the independence celebrations.
The port was co-financed by the Japan International Cooperation Agency (JICA) and the Togolese State, official sources indicate. The former provided XOF14.46 billion...
Businesswomen in West Africa lose 38% of their profits and 34% of their monthly turnover, compared to their male counterparts. This was revealed in a recent study by the World Bank discussed at the first-ever regional financing initiative in support of businesswomen, in Côte d’Ivoire.
The situation is due to some challenges and barriers preventing women from fully participating in the...
On April 23, 2019, President Faure Gnassingbé inaugurated a new concrete-reinforcing rods factory in Kara, Northern Togo.
The facility which is estimated to have cost CFA4.1 billion spans five hectares in the Kara free zone. Baptized Steel Cube Togo (SCT), it was built by Indian firm HCURE IMPEX LLP. According to Agence togolaise de presse (ATOP), the plant has a production capacity of...
Britain’s exit from the European Union will “significantly affect conditions for access to the British market for developing countries.” This is according to the UNCTAD which however adds that this will have little impact on Togo.
In the related report, the institution indicates that the WAEMU is one of the least exposed regions to the Brexit. The document attributes this to low exports by...
In 2020, Togo will no more rely on a means-based budget rather opting for a programme-based one. The shift aims at improving the State’s performances towards achieving its goals.
The measure was taken during a meeting, called by the Ministry of Economy, on April 23, in Lomé. The latter regrouped various officials such as general secretaries and directors, and department chiefs to get them...
The World Bank just greenlit a $224.7 million financing to help BOAD and ECOWAS expand access to off-grid power across 19 countries, in West Africa and Sahel, therefore including Togo.
The funds fall under the off-grip power regional project. Most of these, $150 million, will be in the form of loans and grants from the International Development Association (IDA) while the...
A total of 61,000 households from 585 villages spread across Togo’s 209 poorest districts will receive over two years, a quarterly subsidy of XOF15,000. This is part of the government’s social nets and basic services project (Filets Sociaux et Services de Bases or FSB in French) launched last December, and funded by the State and the World Bank.
The new campaign was launched April 23 at...
The Technical Support Council Institute of Kara (ICAT-Kara) is holding a working session related to the Kara agropole project.
The training, according to reliable sources, will teach staff deployed on the field, how to identify sites for agricultural cooperation and technical centres as well as production blocks that are part of the Kara agropole.
This session follows a vast tour led by the...
In 2018, Togo was within the West African Economic and Monetary Union (WAEMU), the country that recorded the highest increase in money deposits at microfinance institutions, or decentralized financial systems (DFS), knowingly +24.8%. The nation came ahead of others like Mali (+23.4%), Benin (+6%) and Côte d’Ivoire (+5.9%).
The data was revealed in the recent report of the West African States...
In Togo, the mining governance and development project (PDGM) backed by the World Bank, has recently sponsored a quality training at the University of Lomé.
The PDGM invested CFA700 million in the training. The latter mainly focuses on improving skills and logistics of both lecturers and students through practical works and by rehabilitating lecture halls. In addition, a bus and pick-up were...
Last Friday, Togo raised XOF77 billion through a fungible Treasury bond issuance. This is almost four times the amount initially sought and represents a 385% oversubscription.
The operation is the second of the quarter and the first was as well highly oversubscribed. Investors come from all WAEMU States, with the exception of Guinea-Bissau and Niger.
Togo’s public treasury out of the amount...
Out of 180 countries, Togo is 76th on the 2019 press freedom rankings released April 18, 2018. The country thus jumped ten places in the rankings with an increase of 0.54pt in its score.
“Press offenses have been depenalized since 2004 and professional journalism organs now have a great capacity to defend the press when it is attacked,” says Reporter Sans Frontière (RSF).
Commenting...