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Ecobank Group and Google are teaming up to help African SMEs keep pace in a fast-growing digital world. The partners announced they will develop a range of digital solutions that aim to make banking operations easier for customers. The packages will be available to Ecobank’s SME customers in May 2020.
“We are delighted to collaborate with Google to offer timely and relevant solutions,...
The agricultural processing areas that the Togolese government plans to set up, mainly through the creation of agropoles, will be developed through public-private partnerships (PPP). The elaboration of this strategy, as well as the instruments and incentives for its implementation, will be entrusted to a firm, to be selected by the government.
This firm will be responsible for proposing...
By mid-May, Benin, Togo, Guinea, and Mauritania managed to build up their entire fertilizer stocks, despite the drastic measures -border closures notably- aimed at curbing the spread of the coronavirus pandemic. Because of these measures, for several weeks, there was an atmosphere of uncertainty as to whether the agricultural campaign would start or not.
On the eve of the new season, the...
In a recent memo, Togo’s minister of agriculture, Noel Bataka, has urged all actors of the local poultry industry, especially importers and suppliers, to “take all immediate measures, through clear and concise contracts, to clear poultry products in stock and to ensure a regular supply of local poultry.”
In this framework, the ministry of agriculture issued an order giving 15 days,...
In Togo, the project supporting employment and insertion of youth in promising sectors (PAEIJ-SP) just partnered with four new microfinance institutions. These are UMECTO (which operates in all economic regions of the country), Coopec ADESEM (active in the central region), CEF MEF (central and kara regions), and Coopec SIFA (Savanes).
The institutions were selected through a call for...
Yesterday, May 19, the minister of agriculture, Noel Bataka, officially launched the 2020-2021 cotton campaign in Kara (412 km north of Lomé).
According to the official, “it is imperative to increase sowing areas, boost output, productivity, and farmers’ income.” However, he stressed on the need to take into account current limitations that emerged due to the Covid-19 pandemic....
The Togolese anti-pandemic mixed special task force, FOSAP, seized last week 285 cannabis bread pieces which were being smuggled into Togo, from Ghana.
The task force announced the seizure yesterday, May 19, indicating that it took place during a routine control at the border.
It was also during one of the new force’s routine controls that nearly 1,000 Togolese citizens were...
The new head of the Togolese power utility (CEET) is Laré Santiégou. He was recently appointed to replace Pauli Kakatsi Mawussi who had been holding the position since 2016 (and in 2009-2011 before that).
Before coming to the CEET, Santiégou was the chief of BBOXX Togo which is active on the CIZO rural electrification project. Before that, he was the Managing Director of Contour Global,...
The University of Lomé (UL) currently plans to launch a radio station. Called Campus FM, the project is supported by the European Union.
In the framework of the project, an ad hoc commission was set up and tasked to elaborate a draft editorial guideline, a charter of ethics and deontology as well as a bylaw for the planned media. On May 19, 2020, this commission handed its report to Prof Dodji...
Togo is preparing its last issuance on the regional stock market for Q2 2020. According to UMOA-securities, the regional agency that organizes the issue of public securities, Lomé will proceed to the operation on June 12.
For the coming operation, Togo’s public treasury will try to raise XOF20 billion by issuing fungible Treasury bonds that will mature over 12 months.
On May...
The European Union (EU) delegation has granted XOF65.5 million to Togolese media organizations and the national coordination for the management of the Covid-19 response (CNGR).
The grant falls under a project led by the Observatoire Togolais des Médias (OTM). The latter regroups the national council of media employers (CONAPP), the Press employers association (PPT), the Free Radios and...
One of Lomé’s biggest hotels, the Eda Oba hotel, has suspended all activities until further notice due to the persistent coronavirus crisis. The information was reported by local media MiabeTogoActu.
“It is imprudent, both on the sanitary and financial levels, to keep the Eda-Oba hotel running given actual circumstances, especially since we are financially exhausted and have...
Togo’s post company, La Société des Postes du Togo (SPT), has developed a new online payment solution called E-poste.
The platform is solely reserved for the payment of power (CEET) and water (TDE) bills, at zero-cost.
The creation of this platform which can be downloaded on Google Play aligns the government’s dematerialization efforts. It also aims to make life easier for CEET and...
“Due to the various fiscal measures taken by the government to support businesses, budget resources should decrease from XOF578.4 billion to 348.4 billion.” The statement was made last Friday by the Togolese minister of finance, Sani Yaya, during a meeting with the private sector.
Explaining the reduction (of about 40%) in detail, the official said tax earnings should slump by around...
As announced a few weeks ago, the National Institute for Hygiene (INH) officially set up an office in Kara (412km from Lomé) last Saturday.
According to the ministry of health, this facility would help proceed to 1,500 daily tests for the Covid-19 virus. This is more than double the actual number of tests currently being performed. Additionally, the new center will enable the immediate...
At the end of last week, Togo received a €5 million financing from Germany to reinforce its decentralization process.
Promised months ago, the funds should be supplied through the German cooperation agency KfW. They will be used to pursue the construction and equipping of new town halls.
The goal of the financing, which falls under the Decentralization Support Project (PAD),...