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Togo’s High Authority for Audiovisual and Communication (HAAC) now regulates online media also. Indeed, the organic law defining the regulator’s action field was amended by the national assembly last November 15, thus expanding the institution’s authority to these types of media.
The measure, according to the minister of communication, Guy Madjé Lorenzo, aligns with Togo’s desire to...
Next year, the ECOWAS Bank for Investment and Development (EBID) plans to raise $100 million for the agricultural sector in West Africa. This was reported by agricultural news website Agriditale.
The investment, a record actually, will mostly be spent to promote various agricultural value chains across the region.
Noting that EBID’s investment in the sector over the past three years...
From November 27 to 30, 2018, Lomé will host a regional meeting where will be discussed ways to fight money laundering and terrorism financing.
According to the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) which is behind the event, it will focus on recent changes made to the standards of the Financial Action Task Force (FATF) or Group d’Action Financière...
The top-class forum on the development of agro-industrial transformation zones via public-private partnerships will end today.
The two-day event was initiated by the Autonomous Centre for Studies and Capacity Reinforcement for Togo’s Development (CADERDT), with the support of the government and the African Development Bank (AfDB).
It aims to attract private investors in the framework of a...
Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), launched a new platform to manage its power meters and sales of prepaid power credit. Baptized Lafia, the solution aims to improve customer management.
The new platform replaces the former one which reached saturation, a notice from CEET reveals.
The switch went well according to the notice, both for all...
For Africa to industrialize more, it needs to find a market where it can sell its products. This was revealed by Togo’s minister of industry and tourism, Yaové Atigbé Ihou. “Without the guarantee of a market receiving Africa’s industrial products, the structural transformation of the economy is not possible”, the official said on November 20, African Industrialization Day....
On November 21, 2018, Hungary’s new ambassador to Togo, Andras Szabo, presented his credentials to President Faure Gnassingbé. On this occasion, the European official affirmed that his nation wishes to build a strong relationship with Togo.
Comforted by its recent experience in Ghana where it opened an embassy two years ago, Hungary now wants to invest in Togo, in sectors such as energy,...
Yesterday, Nov. 21, Togo’s President, Faure Gnassingbé received UK’s former Prime Minister, Tony Blair, head of the Tony Blair Institute for Global Change.
Blair during the meeting lauded Togo’s business environment indicating that it is favorable to foreign investments. “Now, investors can be attracted here”, said the former minister whose institution supports the implementation of...
After reaching out to Chinese investors, the Togolese government now turns to Europeans to invest in its five-year national development plan (2018-2022 PND).
Indeed, last Tuesday, on the sidelines of the 19th session of Togo-EU political dialogue, both parties decided to organize in the second quarter of 2019 a Togo-EU business forum, similar to the one recently held in China.
The...
The following are the top ten banking groups operating within the WAMU, according to the Central Bank of West African States.
1- Ecobank
With 14% share of the market in 2017, Ecobank, whose headquarters is in Lomé, is the most important banking group operating within the WAMU. Present in every country of the union, it has 9.2% of the desks, 18.5% of the automated tellers and 15.2% of the...
On November 20, 2018, Togo’s minister of infrastructures and transports, Ninsao Gnofam, and Chinese ambassador, Chao Weidong, toured various project sites in the country. These include construction sites for phase 2 of Lomé’s major bypass and Lomé’s administrative center.
According to the minsiter, works for the major bypass project have reached a completion rate of 67.2%. They should be...
From 2000 to 2015, BOAD poured CFA300 billion into Togo’s development. The figure was disclosed by Patrice Gbaguidi, Head of Project Assessment at BOAD, during a country portfolio assessment session.
According to Gbaguidi, the session was the occasion to take a look at all projects financed by the bank over the period reviewed, taking into consideration the following five aspects:...
Matteo della Volta, Project Developer at Siemens in French-Speaking Africa, attended the forum on clean energy organized by BOAD last week. On that occasion, he answered some of Togo First’s questions relating to the Kekeli gas-fired power plant project, among others. Siemens, let’s recall, is engaged in the Kekeli project with Eranove and Spanish developer TSK.
Togo First: Siemens recently...
Togo’s services exports have since 2007 almost tripled in their value from CFA115 billion to CFA323 billion, at the end of 2017.
The growth is far above the one recorded by goods exports which, over the same period, stood at 36%.
In detail, the performance of services is to be attributed to transport services exports which almost tripled from 50 billion, ten years ago, to CFA140 billion...
Internet Services Provider (ISP) Teolis SA revealed in a statement released recently that it signed a partnership with Microsoft to distribute and support the tech giant’s products in Togo.
Teolis which entered the Togolese market after securing its operating licence, initiated six months ago a process to certify equipment needed to deploy and support Microsoft’s services in the...
Yesterday, a five-day workshop to reinforce capacities of commerce chambers’ magistrates regarding the OHADA legislation started.
This meeting is expected to help the magistrates know more about the OHADA uniform act organizing securities and the other organizing simplified recovery procedures and measures of execution.
Adding to OHADA’s other legislations, these laws are safe tools to...