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Recently, 1,500kg of beeswax, produced by local beekeeping cooperatives, was sold to Koster Keunen West Africa (KKWA).
The transaction, worth a little more than XOF5 million, is the fruit of a partnership agreement signed six months ago by MIFA SA, Togo’s national beekeeping association, and US Group Koster Keunen which specializes in the production of natural ingredients for the cosmetics,...
The International Finance Corporation has completed the sale of its 14.1% stake in Ecobank Transnational Incorporated (ETI) to Africa-focused Investment Fund Arise BV (“Arise”).
“This transaction with ETI will see Arise collaborate with Ecobank to advance financial inclusion on the continent,” commented Deepak Malik, Chief Executive Officer of Arise.
As for the World Bank’s private...
BBOXX, the first operator active on the CIZO project in Togo, just raised $50 million at the TICAD VII.
Most of the funds raised came from Japanese giant Mitsubishi with other investors including ENGIE’s arm promoting access to sustainable energy, the Luxembourg-based investor Bamboo Capital Partners, DOEN participaties and Mackinnon, and BENNETT & Company.
The monies will be used by...
The World Bank’s country office in Togo has renewed its support to the government’s national reform plan. This was yesterday in Lomé, during a review of all reforms implemented by the country at end-June 2019
After it said it is satisfied by reforms implemented, knowingly the adoption of a new tax code, the operationalization of Lomé’s court of commerce, the reinforcement of the...
Customs offices of Togo, Burkina Faso and Niger signed last Friday in Ouagadougou a memorandum of understanding to enact the interconnection of their IT systems.
Representing Togo at the signing was Atta Kwawo Essien, Head of Regional Customs Operations at the Togolese Revenue Office (OTR). This signing falls in the framework of the establishment of the Interconnected System for the Management...
The opening ceremony for the 7th Tokyo International Conference on African Development (TICAD 7) just took place in Yokohama, Japan.
The theme of this edition is: “Advancing Africa’s Development through People, Technology and Innovation.” The president of Togo, Faure Essozimna Gnassingbé, is at the event with a delegation. The latter organized last Monday, a business forum with actors of...
From now on, any person asked for bribes or mistreated by security forces or aware of a criminal act can denounce it through a dedicated hot line. The corresponding number to call in such cases is 1014.
This measure, announced last Monday, by the ministry of security, aims at tackling corruption, incivism, and criminality, by ensuring that appropriate actions are taken immediately.
Let’s...
Yesterday in Lomé, Contour Global’s Togolese branch shared its expertise and offers on renewables with various actors of this sector in Togo, during a roundtable.
In Togo, the firm has a 100MW natural gas-fired power plant. However, it also operates in Italy, Peru, Brazil, Austria and Bulgaria in wind, solar, and hypower plants.
The firm has decided to invest in the West African country in...
A delegation from the International Monetary Fund (IMF) is expected to be in Lomé from August 28 to September 10.
This delegation, which will be led by Ivohasina Fizara Razafimahef (photo), will assess the implementation of reforms the institution agreed with Togolese authorities, under the fifth review of a three-year program of $224.8 million, backed by an extended credit facility...
Togo’s main exports in Q1 2019 were Burkina Faso, Benin and India, with the first leading the pace.
Indeed, over the year’s first three months, 17.4% of the country’s exports, valued at XOF20.1 billion, were sent to its northern neighbor. This is slightly lower than the previous year, over the same period, knowingly 19% of Togolese exports (amounting to XOF21.1 billion).
Burkina Faso...
In Togo, public mobile operator Togocel has teamed up with IPNET Institute of Technology, a local ICT school, to train science students till next 30 August.
The training will focus of Python language and benefit 66 students overall (33 in Lomé and 33 in Kara). In Lomé, the training takes place at the headquarters of IPNET and in Kara it does at the Eyadéma military High School of...
After jointly building the Abatchang agricultural modern farm (in the central region of Togo), Togo and Egypt want to further strengthen their partnership in the agricultural sector.
On a five-day mission in Cairo, a Togolese delegation led by the president of Togolese parliament, Yawa Tsègan Dzigbodi, laid the founding stones for this stronger relation.
On this occasion, the Togolese...
In Togo, the soybeans sector employed nearly 300,000 people, directly and indirectly, in 2018 according to the Office of Agricultural Statistics, Information and Documentation (DSID).
With about 67,000 ha dedicated to this crop, about 38% of land is used to cultivate leguminous crops in Togo. Soybeans is the third most cultivated leguminous crop in the country and it benefits 193,462...
Over the past few years, Togo has improved significantly in regards to its socioeconomic policies and institutional framework. This was disclosed in the World Bank’s latest Country Policy and Institutional Assessment in Africa report (CPIA).
Togo improves while Africa stagnates
While other countries on the continent stagnate, Togo has again, after reaching the average in sub-Saharan Africa...
From October 22 to 27, 2019, Lomé will host the second edition of the African Building Trade Show (Afribat). The event is the fruit of a partnership between the Sfax chamber of trade and industry (CCIS) of Tunisia, and the chamber of trade and industry of Togo (CCIT).
Announced last March by Germain Mèba, president of the CCIT, this edition should gather about 10,000 participants, actors of...
President Faure Gnassingbé arrived in Tokyo on August 25 where he will take part in the Seventh Tokyo International Conference on African Development (TICAD VII). The latter will commence on Aug 28 and end Aug 30, in Yokohama.
“I will meet with Prime Minister Shinzo Abe and use this opportunity to discuss with some Japanese investors and business actors,” declared the Togolese leader. At...