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Less than a quarter (20%) of the Togolese population uses mobile internet, recent data from the Global System for Mobile Communications Association (GSMA) shows. This trend is spread across the sub-region and rings a bell regarding efforts that need to be made to achieve digital inclusion.
Indeed, according to the association, in West Africa 61% of the population has no access to broadband even...
Ecobank raised $450 million during its last bond issuance on the international market.
“The success of this Eurobond reflects the interest of first-class institutional investors and their confidence in our group,” says Greg Davis, financial director of Ecobank. “This issuance is the result of efforts made to strengthen our group and create value for shareholders,” added Ade Ayeyemi,...
In Togo, the national development plan will boost growth by encouraging investments, the credit insurer COFACE indicates in its 2019 report on sectoral risks and forecasts.
In the report that analyzes 161 countries, the insurer indicates that “the contribution of overall investments to growth should be important in 2019 due to the launch of projects in the national development plan -2/3 of...
Nearly one out of five Togolese (18%) depend a little on remittances, Afrobaromètre revealed in its latest poll on emigration and according to the report, 34% of those surveyed in Togo have a relative living outside the country.
This figure (18%) is a little below the average in Africa, considering that the survey concerned 34 countries. Indeed, the study found that 21% of the total population...
This Friday, April 19, Togo intends to raise another XOF20 billion by issuing fungible treasury bonds on the UMOA securities market. This was announced April 17 by the regional debt planning agency.
Nominal value per unit security for the operation is a million CFA with multiple interest rates and a 12-month maturity period (364 days). Securities issued are to come into value next April 20th....
Very Large Crude Carrier (VLCC) Olympia Lyra changed its destination to Togo from Southwold, UK, Reuters reports.
The VLCC, which has a capacity of 300,000 tons, comes from Asia and should reach the port of Lomé, the only deep water port in West Africa, on April 25. It was initially expected in Britain around May 7.
The change in course according to Reuters, could affect refining...
Initiated April 1, 2019, the business opinion poll will close on April 30.
The survey which is conducted by Togo’s chamber of commerce and industry (CCIT) aims at supporting the private sector by collecting opinions of business chiefs on business climate, as well as know their needs and expectations in order to orient changes in the country’s economy.
Last year, amid political tensions, the...
Deadline for the submission of projects to attract European investors during the coming Togo-EU forum is April 30, 2019.
According the event’s organization committee, hundred projects will be selected and their bearers will receive adequate support.
The goal here is to put in place the projects that will be presented, during B2B meetings planned between the projects’ promoters, financiers,...
Established on December 7, 2017 by President Gnassingbé, Elavagnon’s agro-development training institute (IFAD in French) is currently recruiting trainees for the start of its operations which will begin next May.
The recruiting which began last April 15, will close on April 25, 2019. The new students will receive a three-year training in aquaculture, with a focus on tilapia and clarias...
On Tuesday, April 16, Oragroup officially listed 20% (13,883,006 shares) of its capital on the BRVM stock market. This is after getting approval from the financial markets and public saving regional council (CREPMF).
Oragroup was able to raise XOF56.92 billion, during a public offering conducted between Oct. 29 and Nov. 22 2018. An operation arranged by Sociétés de Gestion et...
From now on, Togo’s Revenue Office (OTR) will issue on a quarterly basis a directory of businesses fiscally up-to-date. This was revealed at a press conference held last Friday.
The directory was established using a single IT system for the management of tax and fiscal registry, recently developed by the OTR. The document aims “at fostering justice, tax equity, and retaining legitimate and...
CredoGroup LLC, a Tenessee-based provider of independent solar energy services and products wishes to invest in Togo. The firm which is headed by US-Togolese Credo Amouzouvik, has actually sent some of its executives to Lomé to discuss the deal with the government.
“We want to help Togo become self-sufficient in terms of power production, harnessing energy from solar panels, mini and...
The posts and telecommunications regulatory authority (ART&P) has launched a public call to interest for the establishment of an e-transaction trust chain.
This call aims at “identifying local actors who want an accreditation as electronic-certification service providers (PSCE) to issue electronic certificates to make electronics reliably and safely and then become qualified providers of...
From Today to Thursday, the University of Lomé will host open houses to get students interested in maritime professions.
This is in a context where the country has to bridge the gap in skills deficit in this sector by hiring foreign labor.
Let’s recall that the authorities, to promote the blue economy, have opened at the University of Lomé an Institute of Maritime Professions (I2M). The...
Six billion CFA. That is the value of all contracts signed by various agricultural actors (suppliers, farmers, processors and sellers) of Togo during the just-ended National Farmer Forum.
Overall, according to reliable sources, about a hundred contracts were signed during the event. Eight were in the presence of the minister of agriculture, Noël Bataka.
Sectors concerned by the deals are...
Last Saturday, a convention was signed between MIFA, SA KFB Group (Knowledge-Fusion Builders) and Banque togolaise pour le Commerce et l’Industrie (BTCI).
According to Aristide Agbossoumonde, Director General of MIFA, “it will help purchase 300 mini-tractors to create mechanization firms.” It will in effect lead to the establishment of a guarantee fund of CFA6 billion supervised by the...