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Page : 331 - Results of 5281 to 5296 from 6143 Results

This year, just like the previous one, the Togolese diaspora was one of the most dynamic in Africa, in terms of remittances. This was disclosed in a recent study of the World Bank on migration and development. Aligning with a growth trend in other diasporas from the region, remittances from Togolese migrants to their home country should exceed $400 million (CFA232 billion) in 2018. As a...
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14/12/2018
Earlier this week, the UNCTAD published the 2018 UNCTAD B2C E-commerce Index, which determines the place of e-commerce in 151 economies. Four key indicators are considered in this index. For Togo, this edition portrays a nascent and lagging e-commerce sector, following the same trend as in Africa that is clearly poorly prepared for e-commerce and taking less advantage of the digital...
Togolese economic operators are taking part in the 1st Inter-African Trade Fair -IATF- currently being held in Cairo, Egypt. The 7-day show, jointly organized by the African Union, Afreximbank and the Egyptian government, opened doors December 11. It aims to boost intra-African trade and support the implementation of the African Continental Free Trade Area (ZLECA), the agreement of which was...
The amount remaining to be paid by Togo as public debt securities issued via the regional financial market of the West African Monetary Union (WAMU) has, for the first time, exceeded 1,000 billion CFA. Indeed, BCEAO indicates, the figure stood at 1,039.7 billion at the end of September 2018. According to the Apex bank, the volume of outstanding public debt securities, which is included in the...
With support from the Francophone Union for Internal Audit (UFAI), The Institute of Internal Auditors (IIA-Togo) will organize from January 9 to 11, 2019, the third edition of Togo’s national forum for internal audit. Themed “Internal audit for Concerned Parties”, the upcoming edition will take place in two sessions. The first which is to take place on Jan 9 will be dedicated to...
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13/12/2018
Following deliberations last July 25, the African Biofuel and Renewable Energy Company (ABREC) recently increased its capital by CFA182 million. In detail, Togo First learns, 182 new shares with a nominal value of one million were issued to this end. According to the document disclosing the information, the shares have been fully subscribed by legal entities with preferential subscription...
For the first time since the end of 2016, economic growth (GDP) in Togo exceeded 5%, data from the BCEAO shows. Indeed, the figure which stood at 4.4% in 2017, 4.5% in Q1 2018 and 4.7% in Q2 2018, passed 5% at the end of the past quarter. For the whole year, Togo’s average GDP is expected to stand at 4.9%. Compared to other countries of the sub-region like Benin, Côte d’Ivoire,...
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12/12/2018
Gozem, Togo’s first taxi and moto-taxi reservation platform, has “signed two strategic partnership agreements with insurer Ogar Insurance and Togo Assistance to cover its partnering drivers in Lomé”.  “These partnerships aim to provide for all Gozem drivers an insurance contract with Ogar Insurance and affiliate them to Togo Assistance so they are taken care of in the event of an...
From December 14 to 16, 2018, Lomé will be hosting its first international craft fair. Initiated by two firms, one from Togo and another from Benin, the fair aims at improving education in Africa and gathering key actors of this sector in Togo. Expected at the event are schools from Togo and the region, firms and entrepreneurs. These are to introduce students, parents and professionals to...
As announced last week, the Bourse Régionale des Valeurs Mobilières (BRVM), released on Monday the second batch of 10 enterprises, under its Elite BRVM Lounge program.   Developed by the London Stock Exchange Group (LSEG), this program is a “dynamic ecosystem revolving around the enterprise and aiming to support and foster innovation, entrepreneurship and growth”.  Though their...
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12/12/2018
After three rounds of talks, Ghana and Togo failed to reach an agreement to end their maritime boundary delimitation dispute. “Given the three rounds of negotiations so far, it is quite possible that we are not reaching consensus very soon,” said Lawrence Apaalse, Head of Ghana’s Technical team negotiating the maritime boundary delimitation with Togo.    In case the talks fail...
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11/12/2018
From 2005 to 2013, French budget aid for the WAEMU, under the financing of the Regional Economic Program (PER), exceeded more than €160 million or CFA118 billion. This was disclosed on December 10, 2018, by Badanam Patoki, representative of Togo’s minister of economy and finance, at the opening of a workshop to validate the provisional report on the aid’s evaluation. The workshop is to...
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11/12/2018
On Monday, the International Monetary Fund (IMF), pleased with Togo’s macroeconomic framework, approved during a board meeting the disbursement of a fourth financing tranche of $34.9 million for the country. “The program’s return is very satisfying. All quantitative return criteria and three of the five structural benchmarks were met. The assessment’s completion enables the...
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10/12/2018
Nigerian natural gas supplier Axxela, formerly Oando Gas and Power, will supply Togo via the West African Gas Pipeline (WAGP). The related agreement was recently signed in Accra, Ghana, with the pipeline’s operator, West African Gas Pipeline Company (WAGPCO). Under the new partnership, Axxela will deliver 15 million standard cubic feet or 425,000 cubic meters of natural gas to Lomé, every...
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10/12/2018
At the 36th session of administrators of the African School of Architecture and Urbanism (EAMAU) held in Lomé, it was decided that the regional academy would become a specialized integrated institution and a reference across the African Union. In line with this objective, the centre will get a 12 ha field to build an ultra-modern campus. “We wish to help this institution shine by giving the...
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10/12/2018
For the last three months of its pilot stage, MIFA wants to speed up the creation of an agricultural insurance firm that will cover 6,000 farmers. This mechanism, initially launched to push banks to lend more to agricultural value chains, intends to enroll three thousand additional farmers. In the same vein, it plans to boost capacities of all players in the agriculture value...
 

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