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At end-June 2018, access to microfinance services across the West African Monetary Union (WAEMU) rose by 10.7% on a year-on-year basis.
The number of people that benefited from the services over the period was 15,017,666, against 13,565,535 a year earlier. Also, the services were provided by 593 decentralized financial services (DFS).
As a result of the improvement, loans and deposits increased...
Eight years after it joined the Extractive Industries Transparency Initiative (EITI), Togo made significant progress thanks to the efforts deployed. "Out of the 27 requirements of the EITI standards, Togo validated 20", Komi Selom Klassou, Togo’s prime minister, said on October 15, 2018, during the seventh ordinary meeting of national EITI supervision committee in Lome.
The results are...
The government plans to soon conduct an institutional and organizational audit of the Centre for Construction and Housing (CCL), Togo First learned.
Created via a decree falling under a framework for technical support between the UN Development Program (UNDP) and Togo, CCL exists to produce low-cost building materials using local resources, as well as construction processes and methods...
Togo now has an institutional framework enabling it to secure financing from the Green Climate Fund (GCF). A quite significant milestone considering that in May 2017, the country was not yet ready to access the financing, according to André Johnson, Togo’s minister of environment and forest resources.
During a council of ministers held on 12 October 2018, the government assessed and adopted...
Last Friday, Togo’s government, during a ministers’ council, issued a bill to improve cybersecurity.
Through the bill, Lomé wishes to put in place an appropriate legal and institutional framework to tackle cybercrime, a global issue.
Once adopted by the parliament, the bill would “ensure that cybercrime is effectively and efficiently dealt with across Togo”, statement from the...
Sani Yaya, Togo’s minister of economy and finances, and Christian Adovèlandé, President of BOAD, signed on October 12, 2018, three funding agreements worth a total value of CFA21.3 billion.
The first loan, approved in June 2018, amounts to CFA10 billion. It is to be injected in the Togo Agrofood Processing Project (PTA-Togo). The latter will help operationalize Togo’s new...
Launched Last December, the project CIZO has just received the support of the European Union via the African Development Bank. Estimated at €20 million to €25 million, the fund provided should be used for the installation of 100,000 off-grid solar home systems in the near future.
The fund will be provided via an innovative funding model to which local banks will take part to...
The latest Henley & Partners passport index, which provides a global ranking of countries according to the travel freedom for their citizens, rated Togo at 87th out of 106 countries with most powerful passports in the world.
Here are the 54 countries accessible without visas for Togolese in 2018.
Bangladesh
Cambodia (e-visa available)
Indonesia
Laos (e-visa available)
Macao...
Following the collapse of the Malanville bridge in Benin, Niger’s leading port supplier (70% of traffic), which caused losses for Nigerien importers and carriers, the latter is considering diversifying their port partners. Togo thus seeks to become an alternative solution.
In this wake, a Togolese delegation composed of officials from the Ministry of Transport, Customs and Port of Lomé...
In Togo, the agriculture support project (Projet d’Appui au Secteur de l’Agriculture-PASA) received an additional CFA1 billion support.
After a first phase during which CFA1.2 billion was raised for 59 small ruminants and poultry farmers, this program (Programme National d’Investissement Agricole et de Sécurité Alimentaire -PNIASA), is in its second phase and should be implemented...
The monthly exchange and experience sharing platform "Jeudi J’ose", celebrated its third year anniversary on October 11, 2018, in Lomé during a special edition.
The celebration, held at Bluezone in Cacaveli in attendance of many officials, was coupled with an award ceremony of 21 entrepreneurs who are laureates of the competition and regular attendants of the previous editions.
Eight...
Between July and September 2018, 2,564 companies were created in Togo. This is 25.5% more than the 2,043 recorded last year over the same period.
The recent increase is a continuation of a trend started since the beginning of this year. Indeed, from January to March 2018, 2,934 new businesses were registered, against 2,583 in Q1 2017, thus up 13.5%. From April to June, the figure stood at...
By mid-2019, 70,000 public workers will get a professional email address with a gouv.tg domain name, credible sources reveal.
This decision falls under a government project to secure and rationalize mail exchanges.
Led by the ministry of posts and digital economy, this project aims at improving the reliability of the exchanges as well as productivity of the administration, while facilitating...
From three, the number of flights served by Brussels Airlines to Lomé increased to five, respectively on Monday, Tuesday, Wednesday, Friday and Saturday. By the end of this month, the decision will be made official.
In this framework, Pierre-Yves Buysscahert, Director of Brussels Airlines Togo, met on October 11 with Prime Minister, Komi Sélom Klassou.
On this occasion, he informed...
From October 22 to 26, 2018, Geneva (Switzerland) will host the sixth World Investment Forum organizd by the United Nations Conference for Trade and Development (UNCTAD).
More than 5,000 participants from 160 countries, including Togo, are expected at the event where investors and development institutions build partnerships to bridge the current investment deficit. The latter is estimated at...
As announced on the sidelines of Africa Pulse’s launch at the beginning of this month, the World Bank just released in Bali (Indonesia) its new human capital index. This was in the framework of the Bretton Woods institution's annual assemblies.
The new index measures losses in economic productivity incurred by countries that under-invest in their people. “The human capital index reflects the...