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Togo, backed by the University of Lomé, is one of 17 nations selected across Europe, Asia and Africa to be part of the EdiCitiNet project. Togo’s capital is actually the only sub-Saharan African city to take part in the project which is funded by the European Union (EU).
EdiCitiNet aims to foster the use of urban landscapes to produce food products for transformation, consumption or...
Progressively, and steadily, Togo’s economy is regaining balance after the political crisis that crippled the economy which started from the second half of 2017.
Throughout the first half of this year, macroeconomic activity was favorable, Togo First learns. While the whole economy had grown by 4.4%, reaching CFA2,800 billion, last year, economic growth stood at 4.8% in Q2 2018, up 0.3%...
On September 28th, Togo’s public treasury raised CFA16.925 billion on the regional stock market. The country however initially sought CFA20 billion through the fundraising.
The funds will be used to finance State expenditures.
This recent bond issuance is Togo's first during Q3, 2018 after an extremely profitable second quarter. Indeed during the second quarter, the government proceeded...
In Togo, privatization operations will be covered by a general legal framework. Initially handled under the law n°2014-014 of October 22, 2014 regarding the modernization of the State’s action, elaboration of modalities related to "competition between candidates running in a privatization project”.
Indeed, the new law introduces three new articles including the n°66 which...
Announced a few weeks back, Vivendi’s second CanalOlympia movie theater will open on September 29, in the Agoè suburb of Lomé.
The theater that was baptized “Midè”, meaning “Your home”, will be located on the Bluezone Cacaveli site.
The 300-seat ultra-modern, polyvalent and eco-responsible infrastructures respects the government’s new objectives to use clean energy more as it is...
On Wednesday, the Bourse Régionale des Valeurs Mobilières (BRVM) and the private Equity fund Enko Capital signed a partnership agreement to get more firms listed on the stock market. “This agreement will help boost the listing process and attract more private actors on the stock market,” said Cyrille Nkontchou, Founding director of Enko Capital.
The move which mainly targets...
The African Development Bank (AfDB) plans to invest about $70 million (CFA39.5 billion) in various energy projects initiated by Togo’s private sector.
This was disclosed last Tuesday during the midway assessment of the 2016-2020 Country Strategy Paper of the institution in Togo.
On the same day, the Abidjan-based Bank said it could by 2020 approve a $14 million (CFA7.9 billion)...
Between January and August 2018, around 2032 land titles were issued, against 1034 over the same period the previous year. The rise (+55.8%) was spurred by the various reforms implemented by the Business Climate Cell and measures initiated by the Togolese Revenue Office.
In effect, the improvement is to be attributed to the tax office’s decision to sign up to 100 titles and 150 plot plans...
In Togo, the national federation of cashew producing cooperatives (FNCPA) expects local cashew output to rise from 20,000 tons currently to 130,000 tons by 2024.
To achieve this target, the FNCPA with the support of the ministry of agriculture, launched in the central region a workshop to train farmers to cashew grafting. Besides, the federation plans to provide the workshop’s participants...
In 2017, Togo received 566,764 tourists, up 33% compared to 2016’s 425,669.
Consequently, hotel earnings surged as well (+17.9%). These rose from CFA37.9 billion in 2016 to CFA44.7 billion last year.
According to the minister of tourism, Ihou Attigbè Yaovi, this performance results from various major international events held in the country.
The official urged various actors engaged in...
Through the Self Help program, the US embassy in Togo granted on Wednesday $40,000 to ten Togolese civil society organizations so they carry out various community development projects.
Focused on areas such as farming and husbandry, among others, these projects aim to help communities self-promote themselves.
In effect, part of the funding will be used to purchase equipment for mushroom...
The African Development Bank (AfDB) announced last Tuesday that it will maintain the two pillars of its 2016-2020 country strategy paper for Togo. This decision was spurred by the many structural governance reforms initiated by the Togolese government and the weak operationalization rate of these reforms, due to the political crisis.
Midway down its five-year intervention plan in Togo, the...
Last Tuesday, the ministers of foreign Affairs of Togo and Gabon, Robert Dussey and Regis Immongault, signed in New York an agreement to suppress Visa requirements for holders of diplomatic and service passports from both countries.
The agreement was initialed on the sidelines of the 73rd session of the UN general Assembly started September 18.
For Togo, this new arrangement adds to others it...
In 2017, the insurance sector fared well in Togo, according to Claude Daté Gbikpi, chairman of Togo’s Insurers Committee (CAT).
The executive who was expressing himself during celebration of the second edition of CAT days indicated that turnovers of firms operating in the Fire, Accidents, Risks, General and Transport insurances or Non-Life, reached CFA34 billion, against CFA29.7 billion in...
Togo-based Pan-African organization Energy Generation just launched the third edition of its Africa Energy Generation Prize challenge.
Aiming to promote power access in Africa, the contest rewards innovative and entrepreneurial solutions developed by youths living in Africa. This, in a context where 57% of Africans, more than 600 million people, have no access to electricity.
Those interested...
Until September 29, 2018, the European Union will be celebrating the climate diplomacy week. On September 24, the EU delegation in Togo launched the event in Lomé.
Hanses Bruno, Minister-Counsellor of the European Union, Christoph Sanders, German ambassador, and Marc Vizy, French ambassador to Togo, were present at the launching ceremony. From their statements, it appears that the...