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The government of Togo just disbursed a loan of XOF1.5 billion which aims at helping prefectures grow their cashew outputs in the 2020 campaign.
The move intervenes in a context where the authorities have noticed that cashew volumes have been progressing in the past few years. It is up to us, as actors, and professionals, to take advantage of available opportunities, commented in this...
ECOWAS bank of investment and development, EBID, is willing to support Togo in the implementation of its 2018-2022 national development plan (PND 2018-2022).
Indeed, the bank’s new chief, Agyekum Nana Donkor, who recently met with Togolese President Faure Gnassingbé, declared that “the strategic axes of the PND fall under our area of intervention. We are ready to help Togo achieve...
Five days after Togo’s first case of coronavirus was reported, public authorities inform that the patient is in a “satisfactory clinical state,” without “any fever or symptoms that motivated their hospitalization.”
Regardless of the positive evolution, the government said yesterday that treatment is continued, by following standard protocol.
Moreover, subjects who came in...
The project supporting youth employment and insertion in profitable sectors (PAIEJ-SP) recently enrolled 520 young starting entrepreneurs.
This project is led by the Togolese State and financially supported by the African Development Bank (AfDB), Orabank-Togo, and others. It aims to help develop the following agricultural value chains: organic soybeans, soybeans, maize flour.
So...
On Monday, March 9, 2020, all Togolese deputies approved the bill establishing the national order of engineers.
The bill which had been approved last December by the government (council of ministers) aims to make sure engineers operating in the country meet certain standards and ethics.
The bill was adopted in parliament in the presence of Koko Ayéva, minister of urbanism.
This...
The Togolese ministry of agriculture via a recent statement reminds the public that Atrazine and Paraquat, which are pesticides, have been banned from use in the country. The ministry also urges all farmers to report sellers who still supply the products.
“Since 2018, the country has forbidden the importation and distribution of these two products across the Togolese territory. The...
Togo is one of the top 20 countries that produce bamboo the most in the world. The country is the 18th biggest bamboo producer to be exact.
According to recent data published in the sector, the top three African producers are Ethiopia, Benin, and Burundi.
After Benin, which is first in West Africa, Ghana and Nigeria come next (respectively 7th and 13th worldwide).
In 2014,...
The information was disclosed last week by Togo’s interprofessional cashew council (CIFAT). The latter also noted that a kilogram of cashew will be sold at XOF325 during the 2020 campaign.
According to the president of CIFAT, Komla Mawuko Gozan, compared to last year where the country produced 22,000t of raw cashew, this year’s output is up by about 14%. Further comparing to 2017 where...
Soon, all subcontracted health centers in Togo will be paying their workers a bonus based on productivity. The news was revealed by the government after the ministers’ council held last Thursday.
The measure, which was started at Kara’s main hospital (CHU Kara), helped improve healthcare quality, according to the government.
“In Kara, a threshold of revenues was set based on...
Those starting a business in Togo no longer need to pay for legal notices issued on the website of the business formalities center (CFE).
The announcement was disclosed in a statement signed by Kodjo Adedze, minister of trade, industry, and private sector development. “As part of reforms to improve the business environment in Togo, we inform entrepreneurs that the fees paid for issuing legal...
The XOF100 million fund is called the “Competitive Fund for the financing of scientific research and technological innovations.”
It aligns with the government’s efforts to exploit intellectual resources to solve real challenges faced by the Togolese people. “It is important for the University to do research that contributes to development,” said the university’s president,...
Togo’s revenue office (OTR), in partnership with the national association of businesswomen (AFCET), launched yesterday the “one woman, one identity” campaign.
The latter aims at providing ID cards to more than 300 women across the country, hence contributing to their social inclusion and participation in the emergence of Togo.
According to Philippe Kokou Tchodié, general...
Last Wednesday, the ministries of health, transports, and various partners of Togo, such as the World Health Organization (WHO), met to discuss ways to fight coronavirus. This was in a context where the disease recently spread to the West African region, to Nigeria and Senegal precisely.
During the meeting, participants reviewed measures taken at the Airport of Lomé against potential...
In Togo, Banque Populaire pour l’Epargne et du Crédit (BPEC) is now Sunu Bank.
In 2018, SUNU Group acquired a majority stake (65.7%) in BPEC at a time where the lender was at the bottom of the pitfall. For its first year of activity, BPEC had recorded a loss of XOF197 million and ran on losses from 2012 to 2016.
However, since SUNU joined its shareholding, the bank’s prudential...
Cyril Ramaphosa, president of South Africa, has extended his congratulations to Faure Gnassingbé, for winning the recent elections in Togo.
The leader of the rainbow nation thus follows the footsteps of Morocco’s Mohamed VI, Gabon’s Ali Bongo, and Cameroon’s Paul Biya, who also congratulated the Togolese leader for being reelected (with 70.78% of votes).
Ramaphosa also...
Ivorian group COFINA (Compagnie Financière Africaine) plans on expanding to Togo soon, in line with its ambition to grow its footprint in West Africa.
The first West African meso-finance entity also intends to open offices in Nigeria, Benin, and Burkina Faso.
The move is subsequent to the establishment of a strategic partnership with the private equity fund Mediterrania Capital...