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On October 9, 2018, Togo’s parliament authorized the government to ratify statutes of the Africa 50-Infrastructure Fund.
These statutes were adopted on July 29, 2015, in Casablanca, Morocco. The institution was established by 22 countries including Togo, and three African financial institutions, namely: Al-Maghrib bank, the African Development Bank (AfDB) and the Central Bank of West African...
From November 7 to 9, 2018, the African Development Bank (AfDB) will hold in Johannesburg the first edition of the Africa Investment Forum.
This forum is a totally transactional market place dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals. It is a platform to attract investors and ease transactions, in order to unlock...
In 2017, real GDP growth in Franc Zone stood at 3.9%, as compared to 3.6% in 2016. This was disclosed in a report released by Banque de France last Monday. According to the report, the increase should be sustained this year.
Last year, growth of economic activity in the Franc Zone was higher than in sub-Saharan Africa. However, France’s central bank indicates, there remain “major gaps...
Yesterday October 9, the Togolese parliament unanimously passed the law authorizing the country to join the African Export-import Bank (Afreximbank). This was during the 2nd plenary of the 2nd ordinary session.
The government thus receives the parliamentary approval for a formal accession to the financial institution. Once this is done, the country will be able to participate in the...
Via its subsidiary, Ethiopian Mozambique airlines, Ethiopian Airways, technical partner and shareholder of Asky, will launch its operations in Mozambique as of December 2018.
To serve the local market in that country, Ethiopian Airways will mobilize part of the fleet of the panafrican company Asky Airlines, whose headquarters is in Lomé, Togo’s capital. To be precise, the company’s services...
Lomé is currently hosting two different workshops on the law related to electronic transactions and its implementation decree. Started October 8, the workshops will close on October 12.
While one of the sessions is open to the public, the other is only open to digital experts. However, both aim to help the public and professionals to better understand challenges related to the law adopted June...
Ahead of the 13th edition of BRVM days to be held 18-19 October in Lomé, executives from the stock market met the press on Monday in the Togolese capital. On this occasion, the executives discussed the upcoming event’s objectives.
The BRVM days fall in line with the exchange’s strategic orientations to be more dynamic.
They are a key milestone of the 2018 campaign, launched to get more...
After a successful first edition, Total Togo launches a second edition of the “Challenge startupper de l’année” (Startup of the year challenge). Through this challenge the French oil firm rewards firms operating in various sectors, thus creating wealth and contributing to Togo’s inclusive and socioeconomic growth, says Frédéric Rivière, Managing Director, Total Togo.
“We will have...
Togolese Richard Laté Lawson-Body is the only African who will participate in the International Postal and Digital Art Project which started last September 15th in Italy and will end October 13th, 2018.
The Togolese will exhibit under the digital category with an artwork entitled “Briser les chaînes de nos cœurs” (Breaking the chains of our hearts, Ed.note), a piece that...
In Togo, the government imposed a new tax on cashew exports during the ministers’ council held last week. The tax’s value was however not disclosed.
With the new tax, Togo is now on par with its neighbors, Benin, Burkina Faso and Côte d’Ivoire. A decision which is to be attributed to a global rise of cashew price.
Indeed, the global surge recorded over the recent years spurred an...
Africa remains WAEMU’s best commercial partner at the end of Q2, 2018, Ecofin Agency learned from official figures. Even though it dropped by 8% on a year-to-year basis, the trade surplus between the union and its main African partners was estimated at CFA365.3 billion.
There is namely a positive balance of CFA260.5 billion with South Africa thanks to gold exported by Mali and Burkina Faso....
In an article released October 3, Robert Dussey, Togo’s minister of foreign affairs, chief negotiator for the African, Caribbean and Pacific (ACP) countries discussed expectations in regards to cooperation between this block and the European Union (EU), after 2020.
Two days after the start of the first round of talks on the future of the Cotonou agreement in New York, the Togolese official...
Togo’s national power utility company (Compagnie Energie Electrique du Togo-CEET) just announced that ContourGlobal, the thermal power plant installed in Lomé, is now using 50% gas in its operations.
According to the CEET, a supply contract was signed June 8 with Axxela Ltd, specialized in natural gas distribution and formerly known as Oando Gas and Power Ltd.
Based on that...
Toofan, the Togolese music band was crowned “Best African band” and “Best Francophone Artist” during the 5th edition of the Afrimma Awards (African Muzik Magazine Awards & Music Festival) held October 7 in Dallas.
The duo, composed of Master Just and Barabas, represented Togo in 3 categories including the Best Men's band in West Africa, Best African band and Best Francophone artist....
Under a bilateral air transport agreement signed October 2, the national companies of Togo and Kuwait will now benefit from unlimited traffic rights. The document was initialed by Dokissime Gnama Latta (photo) and Yousef Al-Fozan, both MDs of the National Civil Aviation Agencies of Togo and Kuwait, respectively.
Since it commissioned its new terminal at Gnassingbé Eyadéma International...
Moroccan group Banque Centrale Populaire (BCP), active in Togo via its subsidiary Banque Atlantique, announced it achieved a net profit of MAD1.6 billion (CFA96.3 billion) during the first half this year, an increase by 1.8% compared to the same period last year.
The company’s net banking income (NBI) reached MAD8.2 billion (CFAF493.5 billion), an increase by 2%. Net operating income fell by...