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On September 25, the African Development Bank (AfDB) held in Lomé a dialogue focusing on the 2018-2022 Country Strategy Paper (CSP) and to assess the performance of the bank’s portfolio in Togo.
Approved in October 2016 for a five-year period, the bank’s strategy in Togo revolved around two pillars which are: developing agro-industrial inclusive and competitive growth poles and supporting...
Yesterday, a delegation of the European Union (EU) in Togo signed in Lomé, conventions with organizations and associations engaged in the fight against global warming. Overall, the institution disbursed €5.5 million for first and second axis of the Support Program to Fight Climate Change (PALCC) which is to be managed by non-governmental organizations (NGos) and civil society...
In Togo, budget revenues excluding grants reached CFA344.2 billion, between January and June 2018, Togo First learned. Compared to the first half of 2017, this represents an 8.9% increase.
Indeed, after standing around CFA148.7 billion in the first quarter of 2018, they grew by 31% to reach CFA195 billion between April and June.
Concerning grants provided to support budget, they were stable...
At the beginning of August 2018, Togo’s government adopted a new national development plan (2018-2022 PND). Starting September 1, Togolese authorities were in China to showcase the new plan. Hence, led by Togo’s president, Faure Gnassingbé, the delegation left Beijing for Hangzhou where the first China-Togo Business Forum was held Sept 7. Following the event, Togo First met with Sandra...
Togo’s gross grain output for the 2017/18 season exceeded 1.3 million metric tons, according to data from the Inter-States committee for the fight against drought in Sahel.
This is 2.7% more than the output recorded in 2016/17 which was 1.27 million tons.
The slight increase is mainly attributable to good weather conditions last year, in the sub-region, paired with the government’s efforts....
Last Friday, WAEMU’s Regional Fund for Mortgage Refinancing (CRRH-UEMOA), its commission, the West African Development Bank (BOAD) and the World Bank launched the World Bank/WAEMU regional project to promote financing of affordable housing within the WAEMU.
The launching ceremony which took place in Abidjan was chaired by Romuald Wadagni, Benin’s minister of economy and finance who is also...
Co-recipient of the 2018 Pitch Agrihack Talent worth a €15,000 prize, Dona Etchri, founder of E-agribusiness is now running for another award worth the same value.
According to news website Ifrii, the young entrepreneur was just selected to be one of the 10 finalists of the 2018 RFI Challenge App Afrique. Organized by France Médias Monde, the contest which aims to foster new...
Togo’s minister of posts and digital economy, Cina Lawson, got the approval to develop TogoPay, an e-payment interoperable platform. This was during the ministers’ council held on September 20.
The project will be developed under a private-public partnership. It will allow its users to transfer funds through various providers, mobile and electronic payment operators, banks or others.
With...
Togo’s government, during a ministers’ council held last Thursday, has adopted a bill to approve the ratification of an agreement to establish the Islamic Corporation for Private Sector Development (SID).
The tool which was created with a $4 billion capital in Jeddah, Saudi Arabia, on November 3, 1999, is a subsidiary of the Islamic Development Bank (IDB). Its shareholders are IBD...
Togo is part of the Top 10 African countries that raised the most funds by issuing sukuks, according to US rating agency Moody’s.
According to the rankings, in sub-Saharan Africa, Togo is fifth and comes after Côte d’Ivoire ($501 million), South Africa ($500 million), Nigeria ($351 million) and Mali ($285 million).
Issued in 2016 on the regional stock market, Togo’s sukuk helped the...
Togo’s government wishes to map all artisanal and illegal mines present across the country, in order to improve the sector’s governance.
According to various reports, including those of the Extractive Industries Transparency Initiative (EITI) and the Directorate General of Mines and Geology (DGMG), gold and diamond mining in Togo is done traditionally at many alluvial sites. The documents...
The West African Development Bank (BOAD) will pour CFA10 billion into a water supply project in Togo. The project will benefit 89 semi-urban centres.
The financing was approved during the bank’s board meeting last Wednesday in Abidjan, for its 110th ordinary session.
The monies will be used to build 35 water supply systems to serve 46 semi-urban centres. In detail, the project will involve...
Since last Monday, 70 officials of agriculture ministries and statistics institutes from 20 African countries are being trained to agricultural statistics in Addis Ababa, Ethiopia.
Initiated by the African Centre for Statistics of the African Economic Commission (AEC), the training falls under UN’s global strategy to improve agricultural and rural statistics. It also aims to help achieve...
On the sidelines of its 110th ordinary session last Wednesday in Abidjan, the West African Development Bank (BOAD) approved a CFA4 billion financing to upgrade Togo’s 2 Février Hotel in Lomé.
The regional bank, highlighting that the funds would be soon disbursed, added that they will mainly be used to purchase and install equipment for the upgrade. These include fire alarm, air-conditioning,...
Initially set for September 16, 2018, closing of applications to the Vlisco Fashion Fund contest has been extended to September 30, a note released on the event’s official page reveals.
African designers thus still have the chance to apply and possibly win the €5000 reward the challenge offers.
Beside the money, winning candidates will benefit from a two-week professional...
The International Fund for Agricultural Development (IFAD) will soon be providing Togo support for its Agricultural Financing Incentive Scheme (MIFA).
Truth is, a delegation of experts from the institution, led by its Director for West and Central Africa, was recently in Lomé in this framework.
During its visits, IFAD experts met with various officials engaged in the MIFA, to better understand...