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Page : 320 - Results of 5105 to 5120 from 6927 Results

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22/01/2020
In Q3 2019, loans given by Togo’s microfinance institutions were up 8%, compared to the same period in 2018, data from the West Africa Central Bank (BCEAO) shows. In the West African Economic and Monetary Union (WAEMU), the figure grew by 12.1% y/y, to stand at XOF1,498.9 billion.  Togo, over the period reviewed, was behind Mali (+17.1%), Burkina Faso (+13.5%), Senegal (+13.3%),...
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21/01/2020
The International Development Association (IDA) will finance works to rehabilitate and asphalt a 3.2km-long road in Kara (450 km from Lomé).  The works, which are estimated to cost XOF2.6 billion, are part of the Urban Development and Infrastructure Project (PIDU). They are divided into two parts. The first part spans a distance of 1.5 km and asphalting works will cost XOF1.11 billion....
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21/01/2020
The Togo-Brazil business forum should be held in São Paulo this year. We planned to hold it (the forum) in 2020 and we will do it, said Brazil’s ambassador to Togo, Antoniõ Carlos de Salles Menezes. This was yesterday, during a meeting with the president of Togo’s national assembly, Yawa Dzigbodi Tsegan. Besides Togolese officials and Brazilian businessmen, the event should attract...
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21/01/2020
A total of 7,350 people applied to take part in Togo’s first agricultural entrepreneurs’ forum. The event which started today takes place at the University of Kara in the northern region.  A quarter of the applications (1,126) were sent by women. The total number of applications registered has, according to the forum’s organizers, exceeded the expected, that is 5,000...
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20/01/2020
To date, Togo national health insurance (INAM) covers 254,844 people and has 104,288 subscribers. The numbers were reached in the past seven years.  INAM, let’s indicate, provides insurance to public workers and their relatives. The instrument covers maternity expenses as well as fees for the treatment of non-professional diseases, and accidents.  The institution is currently headed...
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20/01/2020
The French Agricultural Research Centre for International Development (CIRAD), which has many operations in Africa, wishes to rebuild its relationship with Togo.  In an interview with newspaper CommodAfrica, Christian Cilas, CIRAD’s regional director for West Africa, said the institution wants to “revitalize some regions like Guinea Conakry and especially Togo.” According to the...
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20/01/2020
Throughout the current quarter, Togo, Benin, and Ghana will get fewer gas supplies from Nigeria. This is due to inspection and cleaning works which will begin on the West African Gas Pipeline (WAGP) from January 20th and end on, or before, March 21st.  The news was disclosed in a statement issued by the West African Gas Pipeline Company (WAPCo) which operates the infrastructure. It was also...
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20/01/2020
For its first operation on the UMOA-securities market this year, Togo recorded more than XOF69 billion of subscriptions for its fungible treasury bonds. Initially, the government was seeking XOF25 billion through the fundraising that occurred last Friday.  The performance represents a coverage rate of more than 276%. This is in a context where elections -which usually are a period of...
Togo will intensify reforms to further boost its economy. The ambition was reiterated by Sandra Ablamba Johnson, minister delegate and advisor of the President, for business climate - in an interview with the local bi-monthly newspaper Imagine Demain which released its latest issue on Thursday, January 16.   On the occasion, the official also cited the national development plan,...
In Agoè-Assiyéyé, Cacavéli and Adidogomé, which are located on the outskirts of Lomé, stores, slaughterhouses, restrooms, warehouses, and stalls will be built in three markets.  The project was initiated by women sellers. It was validated by President Gnassingbé and will be financed with more than XOF500 million, according to the minister of trade, Kodzo Adedze.  Besides...
Yesterday, in Abuja, the ministers of finance and central banks’ governors of the ECOWAS’ five English-speaking countries (Nigeria, Ghana, Sierra Leone, Liberia, and The Gambia), together with Guinea, rejected the ECO - which is supposed to become the single currency used by all ECOWAS member states.  The six members of the West African Monetary Zone (WAMZ) strongly oppose the...
Togo is one of the best-ranked countries in the World Bank’s Women, Business and the Law 2020 report.  The report measures how laws affect women, professionally mostly, in 190 countries. It also looks at reforms undertaken by businesses between June 2017 and September 2019, across eight areas that are associated with women’s economic empowerment.  According to the World Bank...
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16/01/2020
In 2019, the Incentive Mechanism for Agricultural Financing (MIFA) raised more than XOF8 billion for agricultural actors (76,000 overall).  The beneficiaries, farmers mostly, could boost their activities using the funds. Also, nearly 140,000 jobs were created over the period, according to Aristide Agbossoumonde, director-general of MIFA, who recently met with the press.  Agbossoumonde...
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16/01/2020
The European Union (EU) just granted €16 million to Togo’s treasury. The sum is part of a €33 million facility to support the country’s budget for 2019-2020.  The disbursement “was driven by Togo’s sustained efforts, its recent reforms which pushed up its ranking in the Doing Business report, economic performances and the macroeconomic policy that are focused on...
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16/01/2020
The Global Shea Alliance, GSA, has launched a program to boost the exports of quality shea and its derivatives produced in Benin, Burkina Faso, Mali, and Togo.  This is a $3.6 million program launched in partnership with the Enhanced Integrated Framework, (EIF). Its programs is “Supporting the Inclusive Commercial Development of the Shea Value Chain” (PRADCIFK). Besides boosting...
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16/01/2020
A delegation from the Swiss firm Global Synergy Africa (GLOSYA) met with officials from the Togolese Chamber of Commerce and Industry (CCIT), last Tuesday. This was revealed on the government’s official website.  On this occasion, the Swiss delegation said it was looking to invest and enter various African markets, including Togo. On the other side, Germain Meba, president of the CCIT,...
 

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