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On Thursday, January 10, 2019, the West African Economic and Monetary Union (WAEMU) will celebrate its 25th anniversary at its headquarters, in Ouagadougou.
The official celebration ceremony will take place at the Centre International de Conférences de Ouaga 2000, in the presence of Ivorian president, Alassane Dramane Ouattara, also president of the WAEMU’s Heads of State and Governments...
On Monday 7th January, a five-day training workshop on ways to fight money laundering and terrorism financing commenced. The session is taking place at the Centre de formation des professions de Justice (CFPJ) in Lomé.
Gathered at the meeting are magistrates as well as top members of the police and army. They will be taught how to better fight money laundering and terrorism financing by...
On Sunday, January 6, a new terminal opened at the Abuja Nnamdi Azikiwe international airport. Asky, the Lomé-based pan-African airlines was one of the first airlines to use the terminal.
The airlines transported from Lomé 91 passengers who landed at the terminal, according to a tweet from the Federal Airports Authority of Nigeria (FAAN), Nigeria’s airports management authority.
The...
Togo’s post company (SPT) just launched E-Colis, a service that allows its clients to directly order and receive packages from Europe, within the Schengen area to be exact.
With the service, SPT’s customers can purchase any item on any European e-commerce website. It is cost-effective as packages, if many, are not sent separately but regrouped, and international delivery fees are...
The national agency for the promotion and financing guarantee of SMEs/SMIs (ANPGF) in partnership with Togo’s chamber of commerce and industry (CCIT) is organizing a new edition of its “Mercredi de l’Entrepreneur” program, a program dedicated to young entrepreneurs.
During the program which will be held on January 9, 2019, various niches of opportunities for businesses relating to the...
Togo’s Post Company (SPT) plans to develop a geolocation addressing system using three words from the dictionary, based on a technology of British startup What3Words.
First steps to use the technology are expected to be taken this beginning of the year, according to the ministry of posts and digital economy. This technology let’s recall is already being used by posts in Nigeria, Côte...
Under its bond issuance scheduled for 2019, Togo will try on January 10 to raise 20 billion CFA. This will be done by issuing fungible treasury bonds and bills, at a unit value of CFA1 million.
Under terms and conditions released by UMOA-Titres regional agency, in line with Togo’s general directorate of treasury and public accountability, the issuance aims at mobilizing funds from individuals...
The Tony Elumelu Foundation recently opened applications to the new edition of its Entrepreneurship Programme. With a budget of $100 million, this program targets young Africans with business projects or entrepreneurs who have been in business for at least three years.
Selected participants will get a seed funding of $5,000 and will be provided training in business management,...
Last Friday, Togo officially received almost 5,000 tons of rice from the Japanese government. The shipment which arrived at the Port of Lomé on December 31, 2018, falls under bilateral cooperation between Japan and Togo, and specifically in line with the Kennedy Round project.
The latter enables developing nations that face food shortages to get agricultural input and supplies, namely cereals...
On January 4, 2019, Prime Minister Komi Selom Klassou, stepped down from office.
The move takes place, as constitution requires, after the legislative elections which were held last December 20 and whose final results were released December 31 by the constitutional court.
Pending the appointment of a new Prime Minister, Komi Selom Klassou will remain at his position as acting PM. Before he came...
This year, Togo’s public treasury seeks CFA390 billion of the regional stock market. This is out of the 2,778 billion the stock plans to issue, according to a note released by the UMOA Securities Agency for its investors.
In detail, Togo should raise in the first quarter of the year CFA95 billion, up CFA5 billion compared to the previous year. Together, all WAEMU States should over the period...
Ten months after starting activities in Togo, Teolis, the internet service provider, officially launched last Thursday its “Dream” offer in Lomé, the capital.
Launched earlier than announced, the new offer is dedicated mainly to households, startups and SMEs. It aims to provide access to broadband in line with the budget and demand of customers.
In detail, the ISP’s dream offer is...
Using its own funds, Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), will rehabilitate Kpimé’s hydropower plant. This infrastructure has an installed capacity of 1.6MW which is 1% of the country’s demand.
A national tender was launched to recruit a firm to carry out the works. Firms applying must have carried out a similar task, both in size and complexity, in the...
Togo is now a member of the Asian Infrastructure Investment Bank (AIIB), a multilateral institution created in 2015 by China. On the same date, Algeria, Ghana, Lybia, Morocco and Serbia also became members of the institution.
Approving these countries’ adhesion aligns with a decision taken by the bank’s board of governors to reduce the significant western authority on the governance of...
In Togo, Contour Global’s power plant now runs only on natural gas. This was recently disclosed by the country’s power utility, Compagnie Energie Electrique du Togo (CEET).
This happens a few weeks after the firm switched to gas to fuel half of its operations.
Now, the full switch will help optimize CEET’s energy mix and gradually invert the back-up regime to a continuous one.
Also, it...
Growth rate across the Economic Community of West African States (ECOWAS) should stand at 3% this year, a slight reduction compared to an initial forecast of 3.2%. This was announced during the ECOWAS’ 54th ordinary session last Saturday.
While lower than the figure announced at the 53rd session, the current forecast still exceeds those of 2017 (2.3%) and 2016 (0.2%).
The rise, according...