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Afriland First Holding (AFH), an investment company and subsidiary of Afriland First Group, could soon start operations in Togo. The group’s owner, Paul Fokam, confirmed the possibility on November 1. The Cameroonian billionaire said so during a meeting with Togolese President, Faure Gnassingbé, in Lomé.
AFH will operate across West Africa and focus on acquiring stakes in various companies...
A Turkish economic mission will visit Togo starting November 15. This was announced by the Turkey-Togo Economic Council, through a note from the Turkish Foreign Economic Relations Board (DEIK), as reported by various national media outlets. Abide Gülel, President of the Turkey-Togo Business Council, said the mission will include institutional visits, bilateral meetings, and networking...
The Togolese government wants to improve the issuance of building permits and strengthen the Construction Inspection Commission(CITC). The Ministry of Urban Planning, Housing, and Land Reform held a workshop with this focus on November 3, 2024.
The meeting included various stakeholders, such as the Ministries of Territorial Administration and Security, and construction professionals. The goal...
A training workshop for agricultural product certification opened on November 4, 2024, in Lomé, Togo. The event aims to improve certification procedures in the agricultural sector and is organized by the High Authority for Quality and the Environment (HAUQE) in partnership with the Togolese Accreditation Committee (COTAG) and the West African Food System Resilience Program (FSRP-Togo).
Over six...
Lomé is hosting a regional workshop focused on the response to nuclear security incidents at facilities. The five-day workshop kicked off on November 4. Co-organized by the International Atomic Energy Agency (IAEA) and Togo, it aims to develop strategies for preventing, detecting, and responding to threats related to nuclear and radioactive materials.
Participants-national and regional...
The fifth International Fair of Banks and Enterprises (Salon International des Banques et des Entreprises orSIBE) opened today in Togo. Hosted at the Exhibition and Trade Fair Center (CETEF Togo), the fair ends on November 9. This year’s theme is “The Role and Impact of SMEs in the Economy of WAEMU countries.”
The SIBE aims to serve as a hub for business, emphasizing skill transfer and...
In Africa, Togo ranks fifth among countries implementing the United Nations' MDG 4, which focuses on ensuring access to education for all. The country was ranked in the Mo Ibrahim Foundation's “Financing Africa” report. This document assesses African countries’ financing needs to achieve development and climate goals.
In West Africa, Togo ranks second, scoring 80.1 points. It trails behind...
Togo produced 34,500 tonnes of cashew nuts in 2024, compared to 41,000 tonnes in 2023, which is 16% down. N’Kalô, an independent consultant, disclosed the figure in preliminary estimates, reported by Ecofin Agency.
Despite the drop, Togo remains a significant player in the cashew sector, acting as an export relay for neighboring countries like Benin and Burkina Faso. Cashew trade...
Cyber Defense Africa (CDA) seeks a firm to build its headquarters in Togo. CDA launched the related tender last week.
The facility will span 1,000 square meters and is expected to be completed within nine months. It will include structural work, plumbing, electrical installations, and solar panels. The new headquarters will enhance CDA's visibility and efficiency and serve as the operational...
The Togolese Ministry of Finance is launching a contest to recruit new personnel today. Gilbert Bawara, the Minister of Civil Service, announced the contest last week. On the same occasion, the official revealed the cancellation of the national civil service recruitment competition that began on January 22, 2020.
Applications for the new recruitment can be submitted until November 29, 2024....
Togo’s Lacs 1 municipality, which includes Aného, 40 km east of Lomé, has raised CFA206.9 million between January and September 2024. This is 50.92% of the amount initially targeted–CFA406.4 million.
The performance was one of the major issues discussed during the 3rd ordinary consultation meeting of the Communal Revenue Monitoring Committee. According to the ATOP, the meeting was held on...
Sandra Johnson, the Minister and Secretary General of the Presidency of Togo, and Sergio Pimenta, Vice-President of the International Finance Corporation (IFC) for Africa, met to discuss the progress of projects funded by the IFC in Togo. The meeting occurred during the International Monetary Fund (IMF) and World Bank General Meetings held in Washington.
Among the projects discussed was internet...
A new territorial marketing strategy was launched last week in five Togolese cities: Kara, Blitta, Atakpamé, Kpalimé, and Aného. The strategy aims to attract investment in these cities, picked as part of the pilot stage of a larger project. The marketing strategy was validated on October 31 during a workshop organized by the Ministry of Investment Promotion.
Developed through a participatory...
In five years, Togo's banks have cut their exposure to public debt by about 29% (28.88%). This information comes from a report by the International Monetary Fund (IMF) during Togo's recent economic assessment under the Extended Credit Facility (ECF). As of January 2024, the total receivables from the State and public enterprises made up 22.9% of the total assets in Togo's banking sector, down...
As of mid-2024, two years after its launch, the Tinga Fund had successfully connected 21,430 households to Togo’s power grid. The achievement is detailed in the "Reform Implementation Report" recently released by the Ministry of Economy and Finance. According to the document, the program has reached 54% of its goal of connecting 40,000 households.
However, it is important to note that from...
Togo will be hosting the second edition of the West African Leisure Festival on November 15 and 16, 2024, at the Kégué stadium in Lomé. This year's theme is "Leisure: vectors of social cohesion and community development."
Launched on October 28 in collaboration with the Confederation of Ministers of Youth and Sports of the Francophonie (CONFEJES), the event aims to showcase the often...