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In Togo, the boulevard des Armées, a 2.8km road that connects Bè, in the eastern part of Lomé, to the city’s western part, to CHU Sylvanus Olympio to be specific, will soon be reopened as works for its rehabilitation are almost done.
This was revealed following a recent visit by Togolese minister of Infrastructures and Transport, Zoubératou Kassa-Traoré, at the site....
In Togo, the e-communications and posts regulatory authority (ARCEP) inaiugurated its new headquarters in the capital’s administrative area. The building was inaugurated yesterday, August 7, by Prime Minister Komi Selom Klassou.
The new headquarters cost XOF2.2 billion, funded by the posts and telecommunications regulatory authority (ART&P). Construction works took 60 months.
According to...
“Today, no administration can operate alone.” These were words recently spoken by Essowavana Adoyi, Tax commissioner at the Togolese Tax Office (OTR), to emphasize the need for cooperation between African tax authorities.
This was during the third reunion of competent authorities of the African Forum for Tax Administrations (ATAF), in Lomé.
Adoyi explained that tax administrations need to...
African firms need to use credit and bond insurance more, according to the International Insurance Institute (IIA). This was during a seminar the institute held in Lomé last month.
Themed “Credit and Bond Insurance : Conditions and Terms, Terms of Pricing and Loss Management,” the seminar aimed at presenting the lease-credit-insurance product to experts from member-States of the...
Next Friday, Aug 9, Togo will once more seek to raise XOF20 billion by issuing fungible treasury bonds.
The unit nominal value of the bonds is XOF10,000 with a maturity period of 36 months and an interest rate of 6.25% per annum, starting from the first year.
Securities subscribed will generate returns between August 12, 2019, and July 15, 2022. Repayment will commence on the first business day...
Lomé-based pan-African lender Ecobank has recently installed solar panels to meet part of its power demand.
The move is in line with the Togolese government’s current energy strategy under which authorities want renewables to make up 50% of the local energy mix by 2030.
The lender however is not the first to walk down this path. Indeed it was preceded by Orabank-Togo which set up at its...
To manage its portfolio more efficiently, Togo’s national inclusive finance fund (FNFI) plans to start using, very soon, the SOLARWINDS management software.
A tender was launched to hire the firm that will ensure the software’s acquisition and installation. The call to offer actually targets qualified young entrepreneurs, men and women, registered on the database of the national office for...
Pan-African incubator Energy Generation will open, next October, in Lomé and Accra a business school dedicated to energy, technological innovation and entrepreneurship.
Named Business & Energy School, this school will offer three programs: Bachelor I in Management of Sales Administration and Business Relationship ; Bachelor III in Business Management and an MBA. The school’s...
On July 31, Kodjo Adedze, minister of trade, industry and private sector development, presented a note relative to the National Quality Policy (PNQ), during the ministers’ council held that day.
The move is good news for the policy’s adoption. The latter, let’s indicate, aims at “establishing an appropriate framework for the development and functioning of a reliable, pertinent and...
A 30 MW solar power plant will be established in Blitta, about 267km from Lomé. The project was announced last Wednesday during a ministers’ council.
The infrastructure will help reduce our country’s power dependency and therefore help in achieving our national development plan (PND),” the statement from the council indicates.
“The ‘declaration d’utilité publique’ for the...
Since 2016 when the community development emergency program (PUDC-Togo) was launched, 2,000 solar light poles were installed in the five Togolese economic regions.
The poles benefit schools, markets, health centres and other various public places by providing them access to power.
This is a new milestone in Togo’s ambition to achieve power coverage by 2030, with 50% of the energy mix by then...
French-Togo fintech startup Semoa has developed a WhatsApp banking services for bank customers in Togo.
This was reported by website Tech en Afrique and is said to be a first in French-speaking Africa. “With artificial intelligence (AI) we developed a banking chatbot,” says the firm founded by Edem Adjamagbo (photo).
With the new banking service, users can check their balance, account...
The Kara Investment Fund will invest XOF5 billion in the agribusiness sector, in Togo. This was revealed last Friday by the fund’s head, Armand Guy Zounguéré-Sokambi, during a meeting with Prime Minister, Komi Sélom Klassou.
According to Aristide Agbossoumonde, head of the agricultural financing incentive mechanism (MIFA), the move was spurred by the improvement of the local business...
The government of Togo recently provided Industrie Commerce Agrochimie Investissement (ICA INVEST) a large-scale exploitation license for the clay deposit of Ledjoblibo. The latter is situated at Dankpen (417km from Lomé), in the Kara region.
Exploiting the deposit should improve the State’s mining revenues, create jobs and wealth in the area concerned.
For its part, ICA INVEST, under its...
From 2008 to date, school feeding in Togo cost XOF19.7 billion. The information comes from the summary of the ministers’ council held last Wednesday.
The funds were invested in the school canteens project which is co-financed by the World Bank (XOF13.7 billion) and the Togolese government (XOF6 billion). This project falls under a larger scheme known as the Social nets and community...
In line with the country’s new agricultural policy, the national school of agriculture of Tové (INFA) will be reorganized. A decree was issued to this end on July 24 during a ministers’ council.
This reform follows an audit that showed that INFA has some shortcomings, at the organizational and operational levels. This reorgarnization should in effect ensure that the school produces human...