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Remittances from Togolese diaspora to their relatives and friends at home were at 8.7% of the country’s gross domestic product by the end of 2017, a report released by World Bank April 22, 2018, reveals.
Proportionally to GDP, Togo was the seventh country to have received the most funds from its diaspora in the sub-Saharan African region. It comes ahead of nations like Mali (6.9% of GDP), or...
Togolese notaries claim they want to better cooperate with authorities and institutions involved in the fight against terrorism, tax evasion and money laundering. This, they declared, on the sidelines of the 10th “universités notoriales” held in Lomé.
The event’s theme which is “professional secret and right of retention during an investigation conducted by the justice or...
Second edition of international trade fair Elite études et formations began April 25 and will end April 29. This year, it focuses on training-employment issue to better tackle youth unemployment in the country.
The fair indeed recommends “a change of paradigm and approach in education sector”, says Prof. Dodzi Kokoroko, Chairman of University of Lomé. Its main goal is to make education...
On April 25, Togo’s President, Faure Gnassingbé, launched the Togo Incentive-Based Risk Sharing System (TIRSAL), to accelerate funding of agricultural projects.
TIRSAL’s purpose is to assess risks faced by the agricultural value chain and provide guarantees on agricultural loans granted by lenders (banks, cooperatives, etc.). The fund will act as an insurer whose main objective...
In line with the fight against money laundering and terrorism funding, Togolese deputies adopted on April 24, a bill that among others, forces users to get approval from customs to move out or into the country a sum of more than CFA15 million cash, by road, air or sea.
This would enable customs to have enough information on destinations of cash moved by traders or other individuals, in the case...
In World Bank’s latest Global Findex released April 19, it is shown that Togo has made considerable improvements in 2014-2017.
Under the sub-Saharan Africa category, Togo indeed, over the period, recorded the financial inclusion rate, ahead of countries like Côte d’Ivoire, Madagascar, Chad or Mali.
While in the region, proportion of individuals with more than 15 years having a bank account...
West African Office of the Organisation Internationale de la Francophonie (BRAO) is actually training about 30 young Togolese to social and inclusive entrepreneurship.
This initiative aligns with the incubation of second promotion of the Libres Ensemble project carriers. It aims to boost skills of young women and men incubated, regarding identification and implementation of social and...
Organisation Internationale de la Francophonie (OIF) will, in the coming days, commission in Lomé, an incubator for young entrepreneurs. This was disclosed April 24, by OIF’s manager, Adama Wane, on the sidelines of a workshop that the institution organized, for youth developing “Libres Ensemble” projects, in Togo’s capital city.
The uniqueness of this incubator is that it will focus on...
Togo was able to restart its soybean sector with the World Trade Organization’s enhanced integrated framework (EIF). Truly, with PNUD’s support, this program dedicated to least developed economies helped spend more than $2.4 million to boost productive and commercial capacities of the sector.
According to Togo’s trade minister, Bernadette Legzim-Balouki, results are more than...
While Vincent Bolloré was placed under arrest today, in the framework of an investigation on suspected bribery to acquire port concessions in Guinea and Togo, his group denied all accusations.
Bolloré indeed denied claims stating that its transport and logistics branch used communication firm Havas, way before taking over the latter, to facilitate election of Guinea and Togo’s presidents in...
Brasserie du Bénin Lomé (Brasserie BB Lomé) and others such as the national agency for sanitation and public health (ANASAP), will build an agro-ecological centre in the Agoè-Nyivé prefecture, located in the northern periphery of Lomé. This was reported by newspaper Togo Matin.
The project is part of the corporate social responsibility program (RSE) initiated in 2016. Its estimated cost is...
First edition of the International Agriculture Forum (FIA) organized by African Union of Development NGOs (UAOD) will take place in Lomé, Togo, on May 11-14, 2018.
The event will regroup participants from 17 countries and be themed: “Innovation and management of African agriculture: roles of State, private sector and civil society”. It will very likely promote partnerships and speed up...
Moov Togo entered April 20, a partnership with MFS Africa to expand its Flooz partner network.
The move aims to enable more of Moov’s customers to make international money transfers via Flooz. Hence, countries targeted under the initiative are Niger, Côte d’Ivoire and Guinea Bissau. To achieve its objective, Moov will leverage on MFS Africa’s partnerships with mobile operators such as...
For its first operation on the UMOA-Titres market in Q2 2018, Togo recorded better than expected results. Indeed, as it initially aimed to raise CFA15 billion, the public treasury successfully raised CFA17.215 billion. This represents a coverage rate of 114.77% however the treasury will retain only 15.715 billion
With this, Togo consolidates its performance on the regional market. At the...
National Social Security Fund (CNSS) just launched in Lomé, the Résidence Renaissance project to build housings. Estimated cost for the project is CFA91 billion and it aims at providing medium and high standing housings, such as villas and family apartments to populations.
The project will be developed on an area of 55ha and lead to the construction of 599 housing units, knowingly 205...
Togo’s power utility (CEET) started a promotion campaign throughout the country for people near low-voltage power network.
According to a credible source, the campaign will begin April 23 and end April 26, 2018. It will impact fees for connection to prepaid meters. These were scaled down by about 20%. Prepaid meters concerned Lafia 2 fils, 5 and 10 A with 25m of wire.
In effect, connection of...