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Coris Bank International Togo (CBI-Togo) just got an ISO-9001-2015 certification under the serial number FS 703571. This certification, the first obtained by a bank in the country, rewards Coris for the good quality of its management.
Delivered by London-based British Standard Institution (BSI), the certification “attests of the commitment of CBI-Togo to improving its processes and services in...
Togo Telecom will get its license renewed. The decision was approved during the recent council of ministers held last Wednesday, under its second decree. Approbation decree for the license’s renewal will be signed by the ministers of posts and digital economy.
This decision (license renewal) falls under the “opening of capital of Togocom Group” (product of the merger between Togo Telecom...
From January 28 to 30, 2019, Guinea Conakry hosted the West Africa regional meeting of the Africa Renewable Energy Initiative (AREI). Abass Aboulaye, Togo’s director of energy, represented his country at the event.
At this occasion, the AfDB which organized the meeting presented to participants available financing tools revolving around climate or energy, especially in regards to access to...
Togo has adopted a new legal framework for its clean power sector. This was during the recent council of ministers held last Wednesday.
In effect, under the third and fourth decrees passed at the council, Togo wants to “tackle the various challenges related to power insufficiency”, increase power supply and reduce power dependency by diversifying sources of energy. These require an...
Since it was established in 2014, the National Fund for Inclusive Finance (FNFI) disbursed CFA80.847 billion worth of loans. In detail, more than 1,553,201 loans were provided by the entity, including 626,849 renewals.
According to the institution, 95% of the loans have been repaid. This is about 2% more compared to end-June 2018.
Danyi, in the Plateaux region, is the prefecture to have repaid...
The Kuwait Fund for Arab Economic Development (KFAED) just provided Togo a CFA12 billion financing for its drinking water supply project in Kara (414km north of Lomé) and its surroundings.
The related signing ceremony took place on January 31, 2019, in the presence of Sani Yaya, Togo’s minister of economy and finances, and Nedhal A. Al-Olayan, Managing Director of KFAED.
The concerned...
Togo aims to have 28% of business owners operating in the country by 2022 to be women, in line with its gender equity promotion strategy.
Compared to 2015, this would represent a 6% increase and a 3% increase compared to 2018 where this percentage was 25%.
In terms of access to loans for women, this rate is forecast at 60% by 2022, against around 45% in 2015.
The various financial inclusion...
Moov-Togo will soon carry out an identification/re-identification campaign targeting its users.
While the campaign’s period is yet to be revealed, documents needed in its framework include : a national ID card, a driving license, a passport or a voter’s ID card.
For foreign residents, they will need a resident permit. Any person lacking these documents will have to visit a Moov agency,...
Support the creation of 4,200 artisanal businesses by 2022, and make them competitive as well as wealth and job generators. That is Togo’s ambition for the craftsmanship sector, in the framework of the 2018-2022 national development plan (PND 2018-2022).
Leveraging the sector’s performance – it employs nearly a million people and contributes 18% of GDP – the State wishes to turn its...
In 2018, the leading taxpayers of the Togolese Revenue Office (OTR) were Total’s local subsidiary and Brasserie du Bénin (BB).
These firms were distinguished during the second edition of the taxpayer day for their exemplary tax and duty payments.
Total Togo was the country’s largest taxpayer last year, and together with BB, they led this ranking ahead of a hundred other firms.
The awards...
Togo should soon sign the agreement regarding the creation of the African Trade Insurance Agency (ACA), an institution whose purpose is to support trade and investment in Africa.
Indeed, a bill was adopted on January 30 in this framework during the first Council of Ministers of the new Togolese government.
According the council’s statement, adhering to the agency’s creation will provide...
In Togo, two commercial courts will be created to appropriately deal with business conflicts.
The related decision was taken during a council of ministers held last Wednesday, a statement released by Foli-Bazi Katari, spokesperson of the government and minister of communication revealed.
The two new courts, the first of which will be in Lomé and the second in Kara (414 km North of Lomé),...
Last Tuesday, the International Fund for Agricultural Development (IFAD) approved the provision of a CFA20 billion financing to Togo, to support its agricultural financing incentive mechanism (MIFA).
The facility will span six years, starting this year and will in detail provide technical support for the development of agro-pastoral value chains and access to market (38% of the financing),...
At end-September 2018, 177 land deeds were fully transferred in Togo. This is according to data from the Office of Cadaster, Land Conservation and Registry (DCCFE).
Compared to the same period in 2017, this number almost doubled from 94 titles processed in about 21 days respectively. Compared to the whole 2017 year, where 127 titles were fully transferred, the figure recorded at the end of the...
Togo’s government has set up a ministerial department that will be in charge of promoting local consumption through products “made in Togo”. The portfolio was assigned to Kodjo Adedze, the newly appointed minister of trade.
Mr. Kodjo who was the former inspector of the Togolese Revenue Office (OTR) will now be responsible for taking concrete actions towards ensuring better growth for...
Launched in May 2018 to boost financial inclusion in Togo and enable the post office to create new growth stations, ECO CPP recorded 100,000 subscriptions in 2018.
According to the ministry of economy, posts and technological innovations, Société des Postes du Togo which initiated the project wants to reach a million subscribers by 2020.
ECO CCP is a free mobile savings account with a 2%...