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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...
The Nouvelle Société Cotonière du Togo (NSCT) just issued a tender for the supply of tire equipment for its rolling stock.
Fifteen enterprises led by young people and operating a wide range of activities will be able to submit their bid for this contract. They are Car Wash House, Christ Winner, Coudi Business, Doc Engine, Ets Allassane Amidou, Ets Yamba, Fredy et Sons Technologie, Garage Auto...
To date, exactly 500,000 people are using the Ecobank Mobile app launched by the pan-African bank in Togo over a year ago.
Through this app that it launched in the 33 countries where it operates, Ecobank aims to boost bancarization rate and access to financial services across the continent. “Opening an account is safe and free with this app. There is no account maintenance fee required. You...
Togo just identified a few projects to benefit from the $60 billion financing that China promised to inject in African countries over three years, during the recent FOCAC, to support their efforts to grow.
The newly identified projects all aim to make Togo a logistics and business hub in the region.
Among these, there is the expansion of the N°1 National Road (RN1) and that for the...
On October 23, 2018, Togo’s Prime Minister gave an audience at his office to Abdou Dieng, World Food Programme’s (WFP) Director for West Africa.
Dieng came to relay his conclusions regarding the study related to the end of hunger (SDG 2), that will be released in the coming days. According to him, WFP is looking for ways to increase its support to school canteens in Togo.
In effect, the UN...
Eranove has officially gotten license to build and operate the Kékéli Efficient Power thermal plant in Lomé’s port zone.
Related concession agreement was signed October 23, 2013, by Eranove’s CEO, Marc Alberola and Togo’s minister of mines and energy, Marc Dèdèriwè Ably-Bidamon.
Works will last 18 months for a total cost of CFA64 billion. While the required investment will be...
Deloitte wishes to help Togo implement its 2018-2022 national development plan. The firm’s manager for Africa, Brice Chasles, disclosed this to Togo’s Prime Minister, Komi Sélom Klassou, during an audience held on October 23, 2018.
Chasles said he discussed with the PM about various opportunities for cooperation in many economic sectors. The discussions focused mainly on finding ways to...
Launched last June 25th by Faure Gnassingbé, MIFA is one of the flagship projects of the national development plan. Here, Noël Bataka, coordinator of MIFA’s value chains explains the ins-and-outs of this scheme.
Togo First: From scratch, what is MIFA about?
Noël Bataka (NoB) : MIFA stands for Incentive Mechanism for Agricultural Financing. Established on a...
Harmonies Media Group (HMG), leading media service in French-speaking Africa, just announced it has entered a partnership with US data collection giant GeoPoll. Under the partnership, the US firm will help HMG get data related to TV and radio audiences on a daily basis.
While the deal will first be implemented in Ivory Coast, it will be expanded to other French-speaking African countries, such...
Togo could have its first sugar factory in 2020. This was disclosed by the head of the country’s Agricultural Research Institute (ITRA), Dr. Bonfoh Bèdibètè, in an interview with agridigitale.net.
“Two years ago, President Faure Gnassingbé instructed us to build by 2020 a sugar factory in the Oti plain”, he said. However, “sugar cane grown in Togo cannot be used to produce sugar”,...
Subsequent to a successful bond issuance last October 12, Togo once again attempts to raise CFA50 billion on the regional financial market, via a simultaneous issuance of fungible treasury bonds.
The operation will be divided into two categories; one with a three-year maturity period and the other with a five-year maturity period, at a unit value of CFA10,000. Proceeds of the issuance will be...
Binta Touré Ndoye, head of Oragroup which is set to “perform the largest IPO of the BRVM since its creation”, recently revealed the group’s statistics and perspectives.
With a total balance sheet of more than CFA2,000 billion, Oragroup currently has 43,000 customers. The group plans to add two million customers to this number by 2022.
According to Binta Touré Ndoye, to achieve this...
Last October 10, Togolese pay TV provider TVSAT was ordered by the Paris Commercial Court to pay more than a million euros to French TV service provider Mediawan. According to Ecofin Agency which reported the news, TVSAT failed to pay the royalties it owed Mediawan under a distribution agreement dating from August 2011.
Indeed, on 2 August 2011, AB THEMATIQUES, formerly AB SAT, owned by...
The Lomé-based pan-African banking group Oragroup announced it received approval from the Regional Council on Investments and Financial Markets (CREPMF), to launch its initial public offering on the Regional Securities Exchange (BRVM) in Abidjan.
“The subscription operated by the Management and Intermediation Companies (SGI) will take place from 29 October to 16 November,...
On October 18, 2018, the BRVM investments days was launched as announced. The event that is to be concluded today October 19, 2018, falls within the framework of a promotion campaign initiated by the West African regional security market (Bourse Régionale des Valeurs Mobilières-BRVM), to boost the number of companies listed on that market.
According to Kossi Tofio (photo), representing...