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At Q4 2018, Moov Togo had more than 3.4 million active users.
According to Maroc Telecom, the parent company of the operator, which disclosed the figure last Monday in its annual financial report, this represents a 15.7% increase of its pool of active users. In effect, Moov Togo won more than 500,000 subscribers over the year that just ended.
While Maroc Telecom did not provide details...
Togo jumped nine spots in the 2018 DHL Global Connectedness Index (GCI). The report, a detailed analysis of globalization, measured by international flow of trade, capital, information and people ranked, in this edition, Togo number one in the WAEMU, in terms of connectivity to global flows.
The African country is 92nd out of 169 countries, making it one of the nine African countries listed in...
Togo should grow by 5% in 2019, Sampawende Jules Tapsoba, IMF’s resident representative announced last Friday.
This forecast is similar to that made by the AfDB in its last Togo economic outlook. According to the institution, Togo would grow by 5% in 2019 and 5.3% in 2020.
This encouraging outlook, after a slowdown due to the socio-political crisis and a decrease in public investments, will...
Togolese women will benefit from the Women's Global Development & Prosperity Initiative, a scheme launched Feb.7 by the Trump administration, seeking to advance women’s economic empowerment. This was announced by the US Embassy in Togo.
The initiative aims to reach 50 million women globally by 2025. To this end, it will focus on efficiently directing policies’ efforts and programs to...
Nigerian transport and logistics platform, Kobo 360, will open offices in Togo next March, in line with its expansion strategy in West Africa.
The Nigerian platform, whose model is the same as Uber’s, connects companies that want to transport their goods to truck owners. To date, this network has access to a fleet of more than 5,000 trucks.
In the framework of its arrival in Togo, the...
Togo finally has access to the $35 million US financing approved last April under the MCC’s threshold program. The funds will be used to support ICTs and land management in the county.
Documents for the funds’ disbursement were signed on February 14, 2019, by Togolese and US officials.
“We noticed that Togo made significant efforts in the last nine months, in regards to ICTs and...
Togo now has its own cybersecurity agency, the ANCY. The latter will ensure security and defense of IT systems in Togo.
According to the council of ministers held last Wednesday, the agency’s role is to fight threats and risks inherent to the expansion of the digital industry.
ANCY’s creation aims at supporting “the implementation of the national development strategy for ICTs”, says the...
In Togo, the legal rate of interest applied in 2019 was kept at 4.5%. This was announced by the government following the council of ministers held in Tabligbo, in the Yoto prefecture, about 90km from Lomé.
The rate which stood at 3.5437% in 2017, was increased to 4.5% in 2018.
Implemented within the WAEMU to help calculate, in the absence of special stipulations, damages and interests owed by...
Many tenders will be launched by the agency for the promotion and development of agropoles in Togo (APRODAT), in line with the beginning of operational phase of the Togo Agricultural Transformation Project (PTA-TOGO).
The tenders will cover purchases of goods (lab and agricultural equipment; office furniture; softwares and IT equipment; an accounting and finance management system), works...
Last Tuesday, a technical committee was put in place to improve the functioning of civil State in Togo.
In effect, the objective is to tackle challenges related to “staff, efficiency, and equipment”, says Douti Lardja, head of the newly formed committee. Hence, an initial assessment was carried out to “identify what could be done to make civil State more efficient and effective”....
Last Tuesday, local economic actors were introduced to the latest updates of FORSETI, the software handling online procedures related to commercial conflicts in Togo. This was during a meeting held in the framework of the project to reinforce the commercial chambers of the lower and appeal courts of Lomé.
“For a long time, only judges and clerks used the platform”, says Kouami Gaméli...
With a score of 2.8 over 5, same as Tunisia, Togo’s business climate is getting more attractive according to the 2019 Annual Rankings of the French Investors Council in Africa (CIAN).
The country owes this performance to its modernized port and air networks, its position of trade hub, tax incentives, security level, and right to employment, among others. Due to these advantages many...
The government wants to build in Cinkassé, near the border with Burkina Faso, a dry port.
The infrastructure which will develop under a public-private partnership will cover 100 ha and help reinforce transport between the port of Lomé and Cinkassé.
The dry port project is steered by Togo Invest. It will have customs facilities where goods from Burkina Faso, Ghana and Niger will be processed....
In Togo, Gozem users will have access to taxis (cars), in addition to zemidjans (local taxi-bikes).
“Gozem is glad to add this new string to its bow, in the framework of its expansion in Lomé, while offering an innovation service, one of quality with a mile-based fee”, said Gozem CEO, Emeka Ajene.
Concerning security issues, Gozem assured that “before partnering with Gozem, all drivers...
Two out of three Togolese (66%) think the CFA should be replaced, according to the latest survey of Afrobaromètre. According to them, “the currency profits France more than members of the Franc zone such as Togo”.
On the other side, 23% of the surveyed believe that the CFA is a “tool for development and should be maintained”.
Going deeper, the survey shows that the richest and...
The Self-Help Program of the US embassy in Togo is making new beneficiaries at the beginning of February. The scheme is granting a total of XOF11 million to support about 10 small community projects in the country.
Self-Help is a community assistance program, launched in 1964, which aims to finance micro-development projects of local communities. The main selection criterion is self-handling....