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Togo’s national social security fund (CNSS) released a statement announcing a new project it is launching. Baptized Vendredi de la sécu, this is a quarterly rendez-vous to train officials, executives of firms and partnering institutions, to boost their capacities, especially in regards to laws, their rights and duties in relation to the CNSS.
The first session is to be held November 30, 2018,...
China Tiesiju Civil Engineering group Co. (CTE), Ltd, which specializes in infrastructures, confirmed that it will build in Togo a motorway and an agricultural industrial park.
“We want to invest in infrastructures and have discussed with the president of the national assembly about the construction of a highway and an industrial park,” said Wang Chuan Lin, head of a Chinese delegation,...
Banque centrale populaire (BCP), owner of Banque Atlantique, launched last Friday a Fintech Challenge, a contest for startups in Africa and elsewhere.
The related tender will close on December 23, 2018 and is accessible through the following website: www.bcpfintech.com. “Startups selected following the tender will have the opportunity to win a contract with BCP”, Banque Atlantique...
In Togo, Maroc Telecom has announced it started paying data licenses it obtained last June via its subsidiary, Atlantique Télécom (Moov).
According to the firm’s financial report for 2018’s first three quarters, the Moroccan group has, in Q3 2018, disbursed “256 million dirhams (about CFA15.6 billion) as partial payment for 2G/3G/4G license in Togo (obtained in June 2018 at a cost...
Edoh Kossi Amenounve, actual managing director of the Bourse Régionale des Valeurs Mobilières (BRVM) was just appointed vice president of the African Securities Exchanges Association (ASEA).
This occurred on the sidelines of ASEA’s 22nd general assembly and annual conference which started on November 25 and will end tomorrow. It is being held in Nigeria.
The Togolese was elected...
Togo’s High Authority for Audiovisual and Communication (HAAC) now regulates online media also. Indeed, the organic law defining the regulator’s action field was amended by the national assembly last November 15, thus expanding the institution’s authority to these types of media.
The measure, according to the minister of communication, Guy Madjé Lorenzo, aligns with Togo’s desire to...
Next year, the ECOWAS Bank for Investment and Development (EBID) plans to raise $100 million for the agricultural sector in West Africa. This was reported by agricultural news website Agriditale.
The investment, a record actually, will mostly be spent to promote various agricultural value chains across the region.
Noting that EBID’s investment in the sector over the past three years...
From November 27 to 30, 2018, Lomé will host a regional meeting where will be discussed ways to fight money laundering and terrorism financing.
According to the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) which is behind the event, it will focus on recent changes made to the standards of the Financial Action Task Force (FATF) or Group d’Action Financière...
The top-class forum on the development of agro-industrial transformation zones via public-private partnerships will end today.
The two-day event was initiated by the Autonomous Centre for Studies and Capacity Reinforcement for Togo’s Development (CADERDT), with the support of the government and the African Development Bank (AfDB).
It aims to attract private investors in the framework of a...
Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), launched a new platform to manage its power meters and sales of prepaid power credit. Baptized Lafia, the solution aims to improve customer management.
The new platform replaces the former one which reached saturation, a notice from CEET reveals.
The switch went well according to the notice, both for all...
For Africa to industrialize more, it needs to find a market where it can sell its products. This was revealed by Togo’s minister of industry and tourism, Yaové Atigbé Ihou. “Without the guarantee of a market receiving Africa’s industrial products, the structural transformation of the economy is not possible”, the official said on November 20, African Industrialization Day....
On November 21, 2018, Hungary’s new ambassador to Togo, Andras Szabo, presented his credentials to President Faure Gnassingbé. On this occasion, the European official affirmed that his nation wishes to build a strong relationship with Togo.
Comforted by its recent experience in Ghana where it opened an embassy two years ago, Hungary now wants to invest in Togo, in sectors such as energy,...
Yesterday, Nov. 21, Togo’s President, Faure Gnassingbé received UK’s former Prime Minister, Tony Blair, head of the Tony Blair Institute for Global Change.
Blair during the meeting lauded Togo’s business environment indicating that it is favorable to foreign investments. “Now, investors can be attracted here”, said the former minister whose institution supports the implementation of...
After reaching out to Chinese investors, the Togolese government now turns to Europeans to invest in its five-year national development plan (2018-2022 PND).
Indeed, last Tuesday, on the sidelines of the 19th session of Togo-EU political dialogue, both parties decided to organize in the second quarter of 2019 a Togo-EU business forum, similar to the one recently held in China.
The...
The following are the top ten banking groups operating within the WAMU, according to the Central Bank of West African States.
1- Ecobank
With 14% share of the market in 2017, Ecobank, whose headquarters is in Lomé, is the most important banking group operating within the WAMU. Present in every country of the union, it has 9.2% of the desks, 18.5% of the automated tellers and 15.2% of the...
On November 20, 2018, Togo’s minister of infrastructures and transports, Ninsao Gnofam, and Chinese ambassador, Chao Weidong, toured various project sites in the country. These include construction sites for phase 2 of Lomé’s major bypass and Lomé’s administrative center.
According to the minsiter, works for the major bypass project have reached a completion rate of 67.2%. They should be...