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In Africa, Togo is one of the nations that has implemented the most reforms in 2018. This is revealed in the 2018 Mo Ibrahim Index on African Governance (IIAG) released October 29.
11th most reformist country in Africa since 2008
Just like last year where it outpaced many of the best economies in the reform category, becoming Africa’s second most reformist nation in the last 10 years, behind...
Published today October 31, 2018, the yearly reference report on business environment places Togo in the 137th place in the world.
The country thus gains 19 places compared to the 2018 edition of this document that reviews the ease of doing business in 190 countries.
Togo now outruns good performers like Senegal and Tanzania. It also largely outcompeted Benin, Nigeria, and Burkina...
This year, the 34th edition of the two-week commercial which has become one of the reference end of year events in the sub-region will be held.
Yesterday October 30, 2018, Bernadette Legzim-Balouki, the trade minister, launched this edition in Lomé in the presence of Germain Méba, president of Togo’s Chamber of Commerce and Industry and economic operators.
Organized on three...
Togo’s government has started building and equipping a data center and a TIER III-level Carrier Hotel in Lomé. This was disclosed by the ministry of posts and digital economy in a document obtained by Togo First.
These projects fall under the West African Regional Communications Infrastructure Program (WARCIP-Togo). The program which received a $30 million financing from the World Bank...
Togo’s President has been invited by Germany’s chancellor, Angela Merkel, to take part to G20’s investment forum started today and ending November 1, 2018.
According to the Presidency’s communication cell, various heads of State that partner in the Compact With Africa program, will meet with representatives of international firms and financial institutions, in the presence of German...
Angolan group DGM is qualified for the final stage of an international tender launched by Lomé for the development of a national biometric identification system. The latter is one of the major projects of Togo’s new national development plan (2018-2022).
DGM Sistemas takes part to the bidding with Mtdhouse and Unys. The first operates in the IT sector and develops infrastructures to modernize...
In Togo, under the mechanism fostering agricultural funding (MIFA), Orabank-Togo has issued a loan of more than CFA330 million for 392 farmers who belong to three cooperatives.
The cooperatives are COOP-CA UCAPRIKO, COOP-CA UCARIM and COOP-CA UNION WLI-BOLOU which respectively received CFA125,249,000, CFA120,383,000 FCFA and CFA88,665,000 FCFA to fund their operations.
Interest rate on...
CFA25.077 billion. That is the amount raised by Togo’s treasury through its latest fungible bonds issuance on the UMOA-Titres market last Friday.
This sum is about half (54.1%) the amount targeted by the treasury. In detail, total amount of bids placed for the 3-year bond issuance was CFA23.259 billion, of which CFA21.03 billion was retained. As for the 5-year bonds, only about CFA4 billion...
Electricité de France (EDF) has inked an agreement to buy 50% of BBOXX’s capital in Togo. The related ceremony was chaired by Togo’s Prime Minister, Komi Selom Klassou.
The French firm’s decision to join BBOXX’s shareholding should help speed up the CI-ZO programme.
“BBOXX’s solar kits include solar panels with integrated batteries. They are easy to set up and can be paid via...
Last October 2015, the ministers’ council adopted a bill to establish commercial courts in Togo. It also set procedures to follow when reaching out to these courts.
The decision aligns with the government’s desire to improve the country’s business climate. Lomé had already established commercial chambers to ensure contracts are duly carried out. However, the ministers’ council says, the...
Lomé now hosts West Africa’s leading container port, snatching the position from Lagos, Nigeria. This was revealed by Netherlands firm Dynamar which provides intelligence and consultancy on maritime sector.
Spurred by many modernisaion reforms, the Port of Lomé (PAL) has rapidly expanded indeed. From 311,500 Twenty-foot equivalent (TEU) containers in 2013, the number of containers transiting...
Today, October 26, Togo and Ghana’s leaders, Faure Gnassingbé and Nana Akufo-Addo, will inaugurate the Noèpé-Akanu juxtaposed check post, 30km from Lomé.
Built over 17ha, under the initiative of ECOWAS and with a financing from the European Union, the station will help ease movement of people and goods in the region.
It attests of coordination between the two countries’ customs and...
The World Bank and the European Union have provided a $20 million financing to support Togo’s economic governance support project (PAGE). The latter was launched 25 October 2018 by Aharh-Kpessou, Permanent Secretary monitoring reforms and financial programmes at the ministry of economy and finances.
The PAGE aims to help the State better manage public investments, mobilize internal...
Last October 24, the International Finance Corporation (IFC), signed a partnership agreement with Atlantic Microfinance For Africa (AMIFA) for the development of AMIFA’s products and services and the promotion of microfinance in Subsaharan Africa.
The agreement signed in Rabat should help AMIFA, a subsidiary of Groupe Banque Centrale Populaire (BCP) since 2014, develop its microfinance...
Next month, November 22 and 23, Lomé will host a major forum on opportunities for Togolese and foreign investors to co-finance agropoles in Togo.
This was announced on Wednesday October 24 by Odilia Gnassingbé (photo), Executive director of Autonomous centre for study and reinforcement of development capacities in Togo (CADERDT).
The official who was expressing herself at the International...
On October 19, 2018, in Abidjan, Oragroup officially announced the IPO process for its listing on Bourse Régionale des Valeurs Mobilières (BRVM), WAEMU’s stock exchange.
Today October 25, the pan-African banking group step further in that perspective. Indeed, it will present the public offering of 13,883,006 shares in Lomé.
According to Binta Touré Ndoye, managing director of the...