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Togo’s ministry of transports and infrastructures, under 2018 State budget, will rehabilitate 67km of road in the Tchamba prefecture. This town is located 35km east of Sokodé, the capital of the central region.
A call to tender was launched for the project. According to a credible source, projected works are divided into four lots:
First lot concerns the Tchamba-Alibi,...
Results of Togo's fifth edition of macroeconomic forecast survey were released on May 9, 2018.
The study for which 200 private firms were used as sample reveals that banks greatly contributed to private sector’s investments in 2017. Indeed, this contribution soared from 24.5% in 2016 to 44.7% in 2017.
Meanwhile funding of investments on equity slumped, from 72.9% in 2016 to 51.6 in 2017. As...
On May 8, Togo’s government, during a council of ministers, adopted a bill for code of cinema and motion picture.
The country wants thereby to build a true film and animation industry while focusing on the protection and valorization of local culture, and cinema particularly.
The movie industry that will arise from this new code should, according to authorities, prioritize local instead of...
Cina Lawson, Togo’s minister of posts and digital economy, just got approval to sign decrees to increase the duration and coverage area for 2G and 3G licenses awarded to Togocel and Moov. Thus, the licenses are valid till 2032.
Additionally, the minister was allowed to award the two operators 4G licenses, in line with digital strategy.
The measure aligns with the government’s objective to...
Togolese subsidiary of Vinci Sogea-Satom won a contract of more than CFA9 billion falling in line with a program that aims to tackle and prevent flooding. The latter was launched last April 24th.
Under the new contract, the construction firm will conduct road development and rehabilitation in the Togblékopé district, which is in the Agoè prefecture, 5km from Lomé, the capital.
Concretely,...
Launched by the Union of Certified Custom Professionals of Togo (UPRAD-Togo) to tackle fraud (smuggling mostly) related to transiting used cars, tracking system Meris apparently fails to convince everyone.
During a general assembly held last Thursday at Lomé’s autonomous port (PAL), non-certified freight forwarders said Meris which was set up to monitor transportation of cars from PAL to...
The West African Development Bank (BOAD) and ECOWAS’ Investment Bank (BIDC) will finance a project to build and asphalt a 30-km road along N°17 national route.
International call to tender states that BOAD will contribute 73% of the needed financing. Remaining part will be covered by BIDC.
Works will be conducted on Nali-Sali axis located in the Oti prefecture. They will fall under a more...
Agricultural Sector Support Programme (PASA) has helped boost cash crop yields in Togo. From 2014 to 2017, the scheme enabled the development of more than 45,000 ha of coffee and cocoa plantations. This was disclosed by a high official of the sector, during the setting up of an anti-fire committee in Wawa prefecture.
Another element that helped increase area dedicated to cocoa and coffee farming...
Canal + Togo has increased its social capital, we learned from a credible source. The capital will increase from CFA10 million to 14.3 million, through the issuance of 430 new shares valued at CFA10000 each.
Through this move, Canal +, parent company of Canal + Togo, wishes to grow its presence in Togo.
Prior to this decision, various appointments were made within the Togolese unit’s...
A group of young students launched the Eurêka Awards which, according to a source close to the group, aim to stimulate innovation and taste for entrepreneurship among Togolese youth.
Eurêka Awards will reward projects that provide answers to issues identified in Africa, and Togo especially. These projects have to deal with socioeconomic challenges faced in the ICT, agriculture and finance...
After a first edition that met their expectations, Togo and Senegal are preparing for another edition of the Senegal-Togo Economic and Trade Days.
Themed “Economic development through South-South trade”, the event will host B2B meetings, conferences, exhibitions, sales, etc.
During the first edition, it was revealed that trade between the two West African nations is still very weak. Indeed,...
Since 2012, Germany has granted Togo CFA126.7 billion, non-reimbursable. This was reported by local media Togo Presse May 3, 2018, following a meeting between Togolese and German officials in Lomé, on April 25-26.
During the meeting, participants were to assess cooperation and development programmes between both countries. The monies mentioned above was to improve education, youth...
On May 3, EU’s ambassador to Togo, Cristina Martins Barrera, submitted the litigant’s rights and obligations guide to the Supreme Judicial Council. This was ahead of the start of campaign to raise awareness about the document.
On this occasion, the EU representative put an emphasis on the correlation between a reliable justice system and investments, saying: “A country with a reliable...
Besides festivities regarding the 58th independence anniversary of Togo, the ambassador of the United States of America in Togo, David Roy Gilmour didn't get out of his habits. The diplomat addressed the Togolese diaspora last August 27th in a particular context. In a video of about 9 minutes, the representative of Trump’s administration sifted hot topics of Togo's political and socioeconomic...
As Bolloré drama goes on, Togo, which is said to be one of the countries where the French mogul was fraudulently awarded a port concession, says it is ready to cooperate with the French justice to see the case properly solved.
Indeed, Togo’s minister of public affairs, Gilbert Bawara, on local radio declared May 3: “If in the event of the case, we are asked to provide information, we will...
In 2017, activity at Lomé’s port was on the rise, driven by transit and transbording which doubled in size. Another reason for the increase are reforms implemented to simplify procedures for port operators.
Last year, more than 1375 ships arrived at the port, thus corresponding to nearly 20 million tons of goods processes. This is 38.14% more than in 2016. At the beginning of 2018 also, the...