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U.S fund Emerging Capital Partners (ECP), major shareholder of Oragroup, has picked BNP Paribas to lead the sale of its 59.84% stake in the Lomé-based company, La Lettre du Continent reveals.
Due to its good performances over the past two years, Orabank is eyed by many investors such as Beltone Financial. Indeed, the Egyptian firm which is held by billionaire Naguib...
Adidjatou Zanouvi, Managing Director African Guarantee Fund West Africa, revealed that the institution will soon build a reference incubator in Lomé.
The project is in line with African Guarantee Fund’s vision to make Lomé a reference in terms of private sector across West Africa.
With the new incubator, the fund also plans to support local SMEs as well as financial institutions, to help...
AIM-listed Keras Resources announced last Monday that it got approval to undertake a bulk sampling metallurgical testwork programme at its Nageya manganese project, Northern Togo.
For the firm, obtaining permission on the project which it controls (85%) via its subsidiary Société Générale des Mines SARL (SGM).
The testwork programme is estimated at $1.5 million and includes the...
On July 20, 2018, the French Institute in Lomé hosted the prize award ceremony to the three project holders with the best idea for the second edition of African Energy Generation Prize, a pan African competition to reward unconventional energy sources inventions.
This initiative is aimed at promoting and supporting technical innovation as well as social entrepreneurship locally to identify,...
Following a strong performance at the end of June this year, when it succeeded in raising CFA21 billion, Togo concluded July 20 a simultaneous issue by targeted auction of OATs fungible treasury bonds. The operation has seen CFA57.49 billion mobilized against CFA50 billion initially required. A bid to cover ratio of 114.98%, which reflects the interest of investors in a market which was...
From 2008 to 2016, access rate to electricity increased from 22.5% to 35.6% in Togo. This was revealed by the Prime Minister while presenting Togo’s performances in regards to sustainable development goals (SDGs) during a United Nations Forum.
Access to electricity falls under SDG7 which consists in ensuring access to affordable, reliable, sustainable and modern energy for all. Over the...
Building and civil engineering works at the new fishing port are respectively 80% and 20% completed. This represents an overall execution rate of 64.7%, according to Ryu Ishii, who heads the firm in charge of works.
Indeed, the executive revealed this to a ministerial delegation including the ministers of fishery and public works, Oura-Koura Agadazi and Ninsao Gnofam, during a visit to the...
In the weeks to come, Togo’s government will initiate the first stage of its 2030 strategy to achieve universal power access. This stage which covers the 2018-2020 period should enable the country to achieve a 50% power coverage rate.
It targets 300 communities that have no access to electricity, the minister of energy, Marc Ably-Bidamon said in an interview with newspaper « Flambeau des...
Over the next five years, the African Guarantee Fund West Africa will disburse $75 million (CFA41 billion) to support Togolese SMEs.
The funds will allow “financial institutions and banks to disburse about $150 million to support business operators, in addition to technical assistance provided to the private sector,” said Adidjatou Zanouvi, Managing Director African Guarantee Fund...
Between 2013 and 2017, the number of twenty-foot equivalent unit (TEU) containers handled at Lomé’s port (PAL) almost tripled, from 311,470 to 1,193,841 (+283%). This was revealed by the 2017 report on official development assistance (RAPD2017), released last week in Lomé.
The report partly attributes this performance to the modernization of port structures and the purchase of new handling...
Togo’s minister of power, Marc Ably-Bidamon has recently called a meeting to assess and settle its debt to Nigeria, in the framework of their power supply contract.
This, just a few days after Nigeria threatened to cut power supply to its international buyers which are Togo, Benin and Niger.
The threat from Nigeria should motivate Togolese authorities to speed up and increase...
To boost its off-grid offer and develop local skills regarding the installation of off-grid solar kits, French firm EDF, Europe’s leading power producer and supplier, just partnered with Lomé-based institution Energy Generation which provides power to rural people in sub-Saharan Africa.
The related agreement, which focuses on the “Women and Solar entrepreneurship” Program, will help equip...
New-generation solar power provider BBOXX, has supplied in Togo more than 12,000 people with BBOXX home smart solar kits, since its establishment in the country, last December.
The firm entered the Togolese market by partnering with the government for the Cizo project which aims to provide access to power to more than two million Togolese citizens by 2022, focusing on rural areas mainly. It has...
Resolutely engaged in the development of Inter-African trade which represents just a minor part of the trade by African countries, Afreximbank, the Pan African import-export bank based in Cairo, could provide its financial support to a pool of African countries, Togo included.
“Projects of about $1.5 billion have already been funded and some are being funded in Côte...
On July 25, 2018, at 8 AM, the US embassy in Togo and the Goethe Institute in Lomé, in collaboration with the cultural association Tre-kah, will launch a big event on the concept named Afrofuturism at Canal Olympia Lomé.
The director of Goethe Institute, the US ambassador, the Togolese minister of communication and renowned officials of the political, cultural, literature, scientific and...
Togolese Ministry of Security and Civil Protection received July 16 a batch of anti-drug equipment provided by the US, Togo First learned.
This donation, estimated at CFA300 million, is to help the country fight more effectively drug and narcotics trade. It includes a number of microscopes, an autoclave, a scale and other accessories for police laboratory.
“It (ed: the grant) will make it...