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By 2022, the Togolese government wishes to have asphalted 60% of its roads.
The goal was disclosed by Sani Yaya, minister of finance, as the government was signing with the West African Development Bank (BOAD) a financing agreement of XOF20 billion to construct and asphalt the Katchamba-Sabori road.
If the goal is achieved, road traffick should be more fluid as various axes will be...
The US recently signed with Togo a grant agreement for $35 million under the Millenium Challenge Account (MCA-Togo) program.
Togo which has validated its Threshold program should use the monies to finance reforms in ICT and agriculture, with a focus on land.
Instead of the MCA-Togo cell which had been executing the Threshold program until its validation, a special entity...
Togo's Minister of Foreign Affairs launched Yesterday with the Africa, Carribean-Pacific countries (ACP) the first African Diaspora Economic Forum.
The event will take place on November 28-29, 2019, in Lomé, under the theme: Contribution and role of African Diaspora to the continent's economic development
On this occasion, members of the African diaspora will be encouraged to get...
The government just took a step further in the privatization of its last two banks, UTB and BTCI.
The authorities have announced a tender to pre-select investors interested in the privatization of both lenders, according to an official document obtained by Togo First.
In effect, the Togolese government seeks "strategic investors with strong banking and financial capabilities to...
On Sept. 26, experts, delegates and deputies from Nigeria, Ghana, Benin, and Togo regrouped in Lomé for a workshop organised by Togo's minister of mining and energy, Marc Ably-Bidamon, who also is the president of the ministers' committee in charge of the West African Gas Pipeline project.
These various actors discussed the law regulating the operation of the West African Gas Pipeline...
"Without a strong involvement of control organs, the national development plan cannot be truly achieved." This was declared by Kossi Tofio, cabinet director of the ministry of finance at the 3rd Internal Audit National Forum launched yesterday.
The official who was representing the minister of finance at the event was emphasizing on the importance of internal auditors in building an...
In 2018, Togo's hospitality sector generated XOF48 billion and 8,000 direct jobs. This was disclosed by the minister of tourism, Kossivi Egbetonyo.
In that year 712,000 more tourists arrived in the country, "making Togo, a touristic destination in full rebirth in West Africa," said the minister on the 40th World Tourism Day. Compared to 2017, there were 145,236 more tourists last...
Currently in New York for the UN 74th assembly general, President Gnassingbé met on September 25 with the World Bank's Vice President for Africa, Hafez Ghanem.
The two men mostly discussed about the World Bank's support to development initiatives in Togo and new cooperation opportunities, in the digital sector especially.
"I had the opportunity to talk with the Head of State about...
Togolese authorities are elaborating a project to make coastal communities more resilient to climate change. Financing for the project, $8.9 million, comes from the Global Environment Facility (GEF). It will be executed by the UN Food and Agriculture Organization (FAO).
On September 25, 2019, some climate change experts and representatives of the coastal communities met to agree on...
President Faure Gnassingbé is currently in New York where he is attending the 74th UN general assembly.
During the 10-day meeting, leaders of the world will discuss ways to "reinforce multilateral efforts fostering the eradication of poverty, quality education, climate action, and inclusion."
The Togolese leader, according to an official statement will meet various eminent...
The World Bank's resident representative, Hawa Cissé Wagué, recently met with Togo's Prime Minister to present him with the review of the institution's portfolio in the country.
"Our execution rate in the past twelve months was good," the Bretton Woods representative said.
One of the objectives of the World Bank is to help Togo raise this rate to better tap into resources it...
Mauritius, Benin, Rwanda, Guinea Bissau, and Togo are the five most open countries in Africa, in terms of mobility and free movement. This was disclosed in a report recently released by e-commerce platform Jumia.
The pan-African startup bases its ranking on the visa openness index published by the World Tourism Organization (WTO) in its third Hospitality Report Africa.
The index is...
After calling off its latest operation on the regional debt market without giving any details, Togo just launched a new tender for treasury bonds with a 3-year maturity period.
Indeed, the country's public treasury seeks XOF20 billion to fund part of its State budget. The annual interest rate for the present issuance is 6.25%.
Results for the bond issuance will be released on...
Togo's Revenue Office (OTR) has launched a campaign to collect data on built and non-built property across the country.
The initiative aims at updating land data and developing a land map mosaic.
Started at Lomé's big market, the operation should progress and expand to other parts of Lomé, such as the Résidence de la Caisse, the BOAD residence (Baguida), the BCEAO residence...
Institutional customers of Togo's power utility (CEET) can now request connection to medium tension network online, on the CEET's website.
This should save time both for the CEET and its customers.
The initiative is part of various reforms recently implemented by the utility, in line with the government's measures to improve the business environment, said Mawusi Kakatsi, Managing...
Africa Global Recycling has received XOF20 million from the European Union delegation and the embassies of France and Germany in Togo.
The related agreement was signed last Monday in Lomé. The facility was provided in the framework of the climate diplomacy week. It aims to reinforce AGR's operatives and expand its "Moi Jeu Tri" project to about a hundred schools in Togo.
Through...