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Electricité de France (EDF) has inked an agreement to buy 50% of BBOXX’s capital in Togo. The related ceremony was chaired by Togo’s Prime Minister, Komi Selom Klassou.
The French firm’s decision to join BBOXX’s shareholding should help speed up the CI-ZO programme.
“BBOXX’s solar kits include solar panels with integrated batteries. They are easy to set up and can be paid via...
Last October 2015, the ministers’ council adopted a bill to establish commercial courts in Togo. It also set procedures to follow when reaching out to these courts.
The decision aligns with the government’s desire to improve the country’s business climate. Lomé had already established commercial chambers to ensure contracts are duly carried out. However, the ministers’ council says, the...
Lomé now hosts West Africa’s leading container port, snatching the position from Lagos, Nigeria. This was revealed by Netherlands firm Dynamar which provides intelligence and consultancy on maritime sector.
Spurred by many modernisaion reforms, the Port of Lomé (PAL) has rapidly expanded indeed. From 311,500 Twenty-foot equivalent (TEU) containers in 2013, the number of containers transiting...
Today, October 26, Togo and Ghana’s leaders, Faure Gnassingbé and Nana Akufo-Addo, will inaugurate the Noèpé-Akanu juxtaposed check post, 30km from Lomé.
Built over 17ha, under the initiative of ECOWAS and with a financing from the European Union, the station will help ease movement of people and goods in the region.
It attests of coordination between the two countries’ customs and...
The World Bank and the European Union have provided a $20 million financing to support Togo’s economic governance support project (PAGE). The latter was launched 25 October 2018 by Aharh-Kpessou, Permanent Secretary monitoring reforms and financial programmes at the ministry of economy and finances.
The PAGE aims to help the State better manage public investments, mobilize internal...
Last October 24, the International Finance Corporation (IFC), signed a partnership agreement with Atlantic Microfinance For Africa (AMIFA) for the development of AMIFA’s products and services and the promotion of microfinance in Subsaharan Africa.
The agreement signed in Rabat should help AMIFA, a subsidiary of Groupe Banque Centrale Populaire (BCP) since 2014, develop its microfinance...
Next month, November 22 and 23, Lomé will host a major forum on opportunities for Togolese and foreign investors to co-finance agropoles in Togo.
This was announced on Wednesday October 24 by Odilia Gnassingbé (photo), Executive director of Autonomous centre for study and reinforcement of development capacities in Togo (CADERDT).
The official who was expressing herself at the International...
On October 19, 2018, in Abidjan, Oragroup officially announced the IPO process for its listing on Bourse Régionale des Valeurs Mobilières (BRVM), WAEMU’s stock exchange.
Today October 25, the pan-African banking group step further in that perspective. Indeed, it will present the public offering of 13,883,006 shares in Lomé.
According to Binta Touré Ndoye, managing director of the...
The Nouvelle Société Cotonière du Togo (NSCT) just issued a tender for the supply of tire equipment for its rolling stock.
Fifteen enterprises led by young people and operating a wide range of activities will be able to submit their bid for this contract. They are Car Wash House, Christ Winner, Coudi Business, Doc Engine, Ets Allassane Amidou, Ets Yamba, Fredy et Sons Technologie, Garage Auto...
To date, exactly 500,000 people are using the Ecobank Mobile app launched by the pan-African bank in Togo over a year ago.
Through this app that it launched in the 33 countries where it operates, Ecobank aims to boost bancarization rate and access to financial services across the continent. “Opening an account is safe and free with this app. There is no account maintenance fee required. You...
Togo just identified a few projects to benefit from the $60 billion financing that China promised to inject in African countries over three years, during the recent FOCAC, to support their efforts to grow.
The newly identified projects all aim to make Togo a logistics and business hub in the region.
Among these, there is the expansion of the N°1 National Road (RN1) and that for the...
On October 23, 2018, Togo’s Prime Minister gave an audience at his office to Abdou Dieng, World Food Programme’s (WFP) Director for West Africa.
Dieng came to relay his conclusions regarding the study related to the end of hunger (SDG 2), that will be released in the coming days. According to him, WFP is looking for ways to increase its support to school canteens in Togo.
In effect, the UN...
Eranove has officially gotten license to build and operate the Kékéli Efficient Power thermal plant in Lomé’s port zone.
Related concession agreement was signed October 23, 2013, by Eranove’s CEO, Marc Alberola and Togo’s minister of mines and energy, Marc Dèdèriwè Ably-Bidamon.
Works will last 18 months for a total cost of CFA64 billion. While the required investment will be...
Deloitte wishes to help Togo implement its 2018-2022 national development plan. The firm’s manager for Africa, Brice Chasles, disclosed this to Togo’s Prime Minister, Komi Sélom Klassou, during an audience held on October 23, 2018.
Chasles said he discussed with the PM about various opportunities for cooperation in many economic sectors. The discussions focused mainly on finding ways to...
Launched last June 25th by Faure Gnassingbé, MIFA is one of the flagship projects of the national development plan. Here, Noël Bataka, coordinator of MIFA’s value chains explains the ins-and-outs of this scheme.
Togo First: From scratch, what is MIFA about?
Noël Bataka (NoB) : MIFA stands for Incentive Mechanism for Agricultural Financing. Established on a...
Harmonies Media Group (HMG), leading media service in French-speaking Africa, just announced it has entered a partnership with US data collection giant GeoPoll. Under the partnership, the US firm will help HMG get data related to TV and radio audiences on a daily basis.
While the deal will first be implemented in Ivory Coast, it will be expanded to other French-speaking African countries, such...