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A mission from Bloomberg New Energy Finance (BNEF), a U.S. research firm that helps energy actors study investment niches and opportunities, is actually in Togo. The mission which came on May 23 will leave on May 25.
It came to collect data for its 2018 Climatescope annual report. The latter looks at the profile of about 100 nations and assesses their capacity to attract investment into clean...
Last Wednesday, Togo’s employers association (Conseil national du patronat –CNP Togo) validated in Lomé its 2018-2022 strategic plan. This plan will cost CFA5 billion and support firms towards sustainable growth.
“This plan will help CNP-Togo overcome challenges that will arise in the years to come while analyzing social and economic environments and to anticipate and adapt to changes in...
Togo: Health-accident and car insurances contributed about 70% of monies paid to insured individuals
In Togo, 70% of monies paid to users subscribed to insurance policies, yearly, come from health-accident insurances and car insurances.
Car insurances provide 33% of this value while 36.6% fall under health and accident insurances.
Meanwhile, penetration rate of insurance in the country is quite low, contributing less than 1.5% of GDP. According to the cabinet director of Togolese ministry of...
The World Bank has granted a funding of $200 million (about CFA110 billion) to 19 West African and Sahel countries, including Togo. This is in the framework of its Regional off-grid electrification project (ROGEP), which aims to provide beneficiaries support to foster a sustainable and scalable off-grid electrification market to meet the electrification needs of unserved populations (remote...
Digital transformation. That is what the Togolese Social Security Fund (CNSS in French) relies on to accelerate its processes and improve the quality of its services.
Indeed, the fund which is headed by Ingrid Awadé, launched since November 2017 a major project for digitalization. E-declaration was one of the services falling under this project.
Others such as requests for social...
Ahead of the fourth ministerial meeting for the launch of the Single African Transport Market (SATM) which will be held in Lomé, on May 25-28, 2018, Asky Airlines, from Togo, and Rwandair, Rwanda, inked on May 22, a bilateral agreement to serve the countries respective capitals at lower costs.
Representing the two airlines during the signing ceremony were the respective ministers of transport...
Lomé-based pan-African bank Ecobank has won the Best Digital Strategy Award at the Retail Banker International Awards ceremony held in London last week.
Commenting on the development, the group’s CEO, Ade Ayeyemi, said: “This award is a real vote of confidence for the hard work of everyone at Ecobank and the massive strides that we have made in meeting the changing ways that consumers are...
In Lomé, a local products’ market was just launched by Togolese organic producers. The market is located at the FAO place and will open every Friday.
The initiative was led by Togo’s agricultural products processors cooperative (COTPAT), and various associations such as the Young Agricultural Entrepreneurs Forum (FOJEA) and Espace Vivi-Fruits. It emerged from the fact that farmers and...
Since 2016, major companies have been able to declare their taxes online, on the website of the Revenue Office (OTR). In January 2017, it was the turn of small and medium enterprises (SMEs) and 400 of those were actually recently trained to e-declaration, last March to be exact.
This move, let’s emphasize, aligns first with the OTR’s will to make it simpler for Togolese firms to declare and...
On May 22, 2018, the Maritime Professions Institute (I2M, standing for Institut des Métiers de la Mer in French) opened its doors. The institute which is at the University of Lomé will train individuals to port-related professions.
According to authorities, creating the center aims mainly to provide the Port of Lomé and firms active in the maritime industry with qualified personnel,especially...
Property transfer delay was at eight days average over the first quarter of 2018. This is against 20 days a year earlier. The reduction results from efforts made by Togolese authorities to improve business climate and attract more private investments.
In detail, this delay was at 9, 7 and 10 days in January, February and March 2018 respectively. The average for the period exceeds the expectation...
Saham Assurance Togo, subsidiary of Moroccan group Saham, dethroned Ivorian NSIA, as the first non-life insurer operating in Togo, in terms of turnover, Financial Afrik reported.
Indeed, last year, Saham recorded a turnover of 8.55 billion CFA, a 16% increase compared to 7.37 billion in 2016. For its part, NSIA recorded a turnover of 7.68 billion CFA in 2017 (+3% compared to...
In Togo, the team in charge of the Project to Boost Youth Employment (PAEIJ-SP) launched a call for proposals targeting the regions of Kara and the Savannas, in the North.
The call aims at picking 400 individual entrepreneurs able to develop projects in agro-industrial clusters established under the PAIEJ-SP.
Eligible projects are related to husbandry and animal production, with a focus on...
Since March 2018, about 600 limited liability companies (LLCs) were established by private deed, in Togo, according to a Business Climate Cell’s memo. This represents 85% out of a total of 704 LLCs established in Q2 2018, the document reveals.
This helped economic operators save CFA175,000 average while establishing their firm. Compared to Q2 2017 when 312 firms were established this...
ASKY, The Pan African Airline, is pleased to announce the start of daily flights between LOME, ABIDJAN, ACCRA and LAGOS from June 15, 2018 according to the schedule below in UTC:
Schedule for LOMÉ-ABIDJAN-ACCRA v.v
Days
Origin
Departure
Arrival
Destination
Daily
LFW
1320
1435
ABJ
Daily
ABJ
1515
1620
ACC
Schedule for ACCRA -ABIDJAN- LOMÉ v.v
...
From July 27 to August 6, 2018, Togolese entrepreneurs will be at the Centre Togolais des Expositions et Foires (CETEF), in Lomé, for the third edition of the “Made in Togo” fair.
On this occasion, entrepreneurs, producers and artisans from Togo will be able to showcase their work, and themselves also. This is to boost consumption of local products.
In this regard, sales of products...