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Togo could, according to Prof. Komlan Batawila, build a 25MW wind park, to tackle its current power issues. This, he said during a regional workshop on “renewables’ challenges in West Africa”, organized by the University of Lomé, and West African Science Service Center on Climate Change and Adapted Land Use (WASCAL).
According to the lecturer, the project would greatly fulfill its...
In 2017, Lomé’s port received about 19.32 million tons of oil and gas. This is against around 13.99 million tons, according to data from ministry of transports.
Over the past year, number of oil tankers that brought the resources to Togo also soared, rising from 1311 in 2016, to 1375.
Regardless of this improvements, one major challenge is security at the Autonomous port of Lomé, which by...
Under its plans for public securities issuance in Q2 2018, Togo’s public treasury will try next April 20, to raise CFA15 billion of fungible treasury bonds (FTB). It will be the country’s first issuance on the regional market this quarter. Overall, it plans to raise up to CFA50 billion throughout the quarter.
The sum will be mobilized, in detail, through two FTBs of CFA15 billion each,...
British firm BBOXX, which specializes in solar energy said last Thursday it wants to raise, with the U.K government’s support (25%), 2.5 million pound sterling ($3.5 million). This is in the framework of the Energize Africa initiative launched by crowdfunding platform Lendahand Ethex.
With the monies, the UK firm intends to provide more new-generation solar kits in Rwanda, DRC, Nigeria and...
French business mogul Bolloré, CEO of eponymous firm, should soon be auditioned by French judges in the framework of an investigation concerning his activities in Africa, Challenges reported citing Reuters, April 12, 2018.
According to the French magazine, justice will look into Bolloré’s takeover of the Conakry port’s concession in Guinea and that of management of container terminal at...
Togo has applied to Compact with Africa scheme. A delegation from the International Monetary Fund (IMF) disclosed this to the press April 10 after the second review of “Extended Credit Facility (ECF) program”. “The delegation lauds efforts made by authorities for Togo to apply to G20’s scheme Compact with Africa,” a statement from the Bretton Woods institution reads.
Angela...
This is one of the conclusions of an investigation, ordered by the Chamber of Trade and Industry of Togo (CCIT), on the impact of sociopolitical crisis that has been occurring in the country since August 19, last year, on the economy.
Sample population for the study comprised 912 companies operating all over the nation: SMEs and SMIs with less than 10 employees and big firms with at...
Togo’s government, with authorities of the Autonomous Port of Lomé (PAL), wants to put in place a more efficient coordination framework in the event of accident involving flammable products used at the port. This was reported by Republic of Togo citing conclusions from a reunion of the national institute in charge of sea-related actions (ONAEM).
According to the online media, significant...
Togo and some other West African nations with access to the sea, thus Benin, Côte d’Ivoire, Sao Tomé and Principles, and Senegal, will get $210 million from World Bank to finance a regional project which aims to make populations more resilient to coastal erosion.
The project, steered by benefiting States, falls under the West Africa Coast Management Program (WACA), World Bank...
Togo wishes to set a High Authority for Quality and Environment, said Yaovi Attigbé Ihou, minister of Industry and Tourism. This was on the sidelines of the launch, April 11, 2018, of regional workshop on United Nations guide on guidelines for consumer protection.
The new institution will focus on making marketable products of quality but also look into environmental concerns.
According to the...
As reforms to improve Togo’s business climate are still being implemented, “one of the medium-term objectives of the government” is to establish commercial courts. This is revealed in a document from the Business Climate Cell.
According to this source, in the long run, the project should lead to the specialization of civil and commercial jurisdictions, at the institutional level, into...
Togo raised about CFA2.9 billion to subsidize fertilizer purchase in the 2018-2019 agricultural campaign, says Ouro-Koura Agadazi, minister of agriculture, husbandry and fishery.
The subsidy will profit only “vulnerable” farmers selected all over the nation, “based on certain criteria”. According to sources, these are farmers owning between 0.25 and 1 hectare of arable lands. This would...
In Q1 2018, the number of firms launched soared by 13.6% year-to-year, according to statistics from the Centre for Business Formalities (CFE).
This increase results from reforms implemented by the government to improve business climate. Overall, 2,935 enterprises were created in the first three months of the year, against 2,583 a year earlier.
In detail, 2120 of those firms were Togolese,...
The 1-km Tingbane-OTR road located in Dapaong, capital of the Savanna region, should be coated as part of the urban development and infrastructure project (PIDU).
The project was renegotiated by the Togolese government with World Bank’s support.
An environmental impact study was conducted in this framework. According to those in charge of this study, its report will be part of elements...
Minister of Finance, Sani Yaya, held discussions with the press on April 10 to explain how the country’s public debt value based on standards of WAEMU and IMF. This was on the sidelines of a conference marking the end of a mission led by an IMF delegation in Lomé.
According to the Togolese official, ratio of public debt to nominal GDP was at 71.4% end of year December 2017 based on WAEMU’s...
Last Tuesday, the International Monetary Fund lauded reforms initiated by Togo’s government, saying it disburse in the coming months another tranche of its 3-year loan to the country. This tranche amounts to $241 million.
In Togo since last March 27, the IMF delegation led by Ivohasina Razafimahefa has deeply assessed reforms undertaken by the Togolese government in the framework of the...