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The government of Togo seeks to augment the capital of the “Huilerie de Sokodé,” which is a soy-based oil factory located in Kparataou, in the Tchaoudjo prefecture.
In detail, the firm’s capital will be increased to about XOF487 million, 30% of which the government seeks to raise from a local private investor. To this end, public authorities have launched a tender that closes on...
In Togo, the government plans to achieve maximum internet coverage as quickly as possible. In that regard, it “will extend and improve the digital coverage of the territory,” revealed Cina Lawson, Togolese Minister of Posts, Digital Economy and Technological Innovation, in a recent release.
“Our target is that by 2022, 90% of the population will have access to broadband internet,”...
In Togo, the foundation stone of a ginger and pepper processing plant was recently laid in Gbadi-Nkougna, the Plateaux region.
Planned to be completed by 2022, the project is led by Boss Approche Agricole, which partnered with German and Canadian companies.
Its minimum yearly processing capacity is 200,000 tons of ginger.
The plant, a XOF13.5 billion investment, will boost farmers’ yield and...
Between 2010 and 2018, Togo’s cotton output rose from 27,000 tons to 137,255 tons. This is due to the restructuring of the sector following the creation of Nouvelle société cotonnière du Togo (NSCT), and the establishment of a national federation of cotton farmers.
While cotton greatly boosted the Togolese economy over the period reviewed, it is not the only cash crop to have played...
Togo, via the Ministry of Agriculture, recently signed a specific agreement in the framework of its soil fertility map elaboration program. Through the agreement baptized "Convention Spécifique n°2," Moroccan Foundation OCP will enhance its support to the country for the elaboration of the said map.
Togo is in partnership with OCP in the framework of a 2-year program aimed at assessing...
As part of the 2020 state budget, the government allocated XOF25 million to the ministry of infrastructure and transport, for the rehabilitation of the Sarakawa mausoleum.
Firms interested in handling the project have until March 10, 2020, to submit their bids to the ministry of infrastructure.
The historic site, it should be recalled, is near the place where the plane of the late...
In Togo, various water retention basins will be connected under the Urban Development and Infrastructure Project (PIDU). The basins in question are the “deux lions” basins and “Caméléon” basin (in Agoè-Nyivé and Adidoadin).
In detail, the works will involve draining the Caméléon basin and directing the drained water to the basin of Agbalélépédogan (in Adidoadin and...
Togo’s independent national electoral commission (CENI) released yesterday night provisional results for the presidential elections.
Leading the polls is the outgoing president, Faure Essozimna Gnassingbé, with a majority of 72.36% of votes (1,938,889 votes exactly). Just behind him are the candidates of the MPDD and ANC, Kodjo Agbéyomé (18.37%), and Jean-Pierre Fabre...
In Togo, Sunu Bank, formerly Banque Populaire pour l’Epargne et le Crédit (BPEC) has adopted WhatsApp banking services to allow its clients to instantly get their account balance, among others.
With the services, Sunu Bank’s clients will also have access to their 10 most recent transactions. In addition, with Whatsapp banking, they will be able to deposit money on their account, buy...
While it is usually closed during presidential elections, Togo’s land borders will remain open for the coming polls set for this Saturday, February 22.
This is to enable those using the three borders (Burkina Faso, Benin, and Ghana) to keep moving across them freely. Security forces, having voted 72 hours in advance, will remain in office that day.
This decision was lauded by ECOWAS....
Lomé-based pan-African lender, Ecobank, just launched the 3rd edition of its “Ecobank Fintech Challenge.”
African startups that will run in this contest will have the chance to promote their fintech products or services and eventually collaborate with Ecobank. Finalists will benefit from a mentoring program and training camp, followed by an awards ceremony and an innovation fair at...
Next March 7th, the Polytechnical University of France will organize the X-Afrique 2020 forum dedicated to African entrepreneurship. On this occasion, Togo will be represented by two local startups, MUSA CS and Relika.
The two firms are part of 10 high potential African startups selected to attend the event which aims at giving them more visibility and helping them attract more...
Lomé intends to promote at least 4,000 artisanal businesses by 2025.
According to official sources, this aims at enhancing the contribution of craftsmen to the industrial development of the Togolese economy.
In the same framework, sources close to the ministry of craftsmanship say artisans will be more involved in public contracts with 15% of procurements related to the sector...
From 3.95% in 2010, Togo’s agricultural growth rate rose to 5.63% in 2018, according to recent reports from the parent ministry. A peak of 14.32% was recorded in 2014, thus corresponding to an average growth of 6% per year over the period reviewed (2010-2018).
This performance was translated to an agricultural GDP (at current price) of XOF1,357.4 billion in 2019. This is almost twice the...
In the next five years to come, Togo will invest as much in road infrastructures as it did over the past decade - nearly XOF1,000 billion.
Key projects that will capture the investments include building the Lomé-Cinkassé highway and modernizing the Avépozo-Aneho axis. The preservation of Togolese coasts is also a priority for the government.
The construction of a multipurpose...
From 2010 to 2019, the government’s investments in agriculture surged from XOF25.99 billion to XOF50.79 billion.
This helped boost the wealth created by the sector from XOF644 billion to more than XOF1,350 billion.
Regarding food security, the coverage rate of food needs stood at 137% (2019), for plant-based foods, and 60% for meat products. Also, the country was able to prevent...