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Togo and Equatorial Guinea signed last week a memorandum of understanding (MoU) under which the second nation will supply the first liquefied natural gas (LNG).
The MoU was signed by Togo’s minister of energy, Marc Dèdèriwè Abli-Bidamon (photo), and Equatorial Guinea’s minister of oil and gas, Gabriel Mbaga Obiang Lima.
The agreement falls under the LNG2AFRICA initiative which aims to...
From 2012 to 2016, India was Togo’s leading export destination, outside WAEMU. According to the country’s 2017 commercial surveillance report which assesses trade flow between Togo and other countries, India “imports mainly phosphate from the West African nation”.
Over the four years reviewed, phosphate exports from Togo to the Asian giant soared from 2.9% to 13.6%. Yet, India has...
It is now possible, the business climate cell (CCA) revealed, for a litigant to track how his or her business case is handled at the Lomé Appeal Court.
To do so, the litigant can either seek the relevant information via SMS by texting his case’s roll number to 93 55 98 30, or he can do that online by going to www.chambrescommerciales.tg/documentations.
The new reform...
In the 2018-2022 national development plan, regional potentialities to valorize cultural and touristic heritage will be taken care of.
In the Plateaux-Est region, the ministry of planning targets radio Kamina’s site, heritage of German colonization and Nangbéto which hosts the eponymous hydropower dam. “These sites have to be valorized, at least to boost tourism. This can contribute...
To better connect populations and increase internet’s penetration rate, Togo’s government has opened up various public WiFi hotspots all over the nation.
The capital city, Lomé, is the first recipient of the project with public spaces, institutions and major monuments, according to OpenStreetMap mapping system which is available on the website of the digital technology’s...
German cooperation GIZ has launched in Lomé, Togo’s capital, ProEnergie, a rural electrification program that promotes renewables. Funding for the project comes from Germany’s ministry of economic cooperation and development, and German development bank (KfW).
The project will spur various efforts mustered by the government to boost power access in the country’s rural areas.
Besides...
Major works will be launched in Togblékopé, a populous township located 5km from Lomé. This was disclosed by minister Ninsao Gnofam.
In detail, these projects will be divided into two distinct categories, sanitization and socio-community projects.
The first aspect is due to the fact that this community is easily flooded. “The first rain puts everyone’s feet in water,” the minister...
Launched in 2016 to “bridge inequalities between various Togolese regions regarding infrastructures, thus consolidating progress made by the government in fighting social exclusion”, the Emergency Program for Community Development (PUDC) shows promising results.
Two years after its implementation, this program which obtained financial and technical support from Japan and targets mainly poor...
To ensure that degrees awarded by private universities are of quality, Togo’s government has decided to make uniform, courses provided by these various schools.
In effect, curricula will be identical allowing all students of the country to pass a single exam monitored by the State.
Indeed, so far, each school had some margin to organize its exams as it pleased, with the exception of the...
Lomé is the 29th African city where living is best according to the U.S consulting firm Mercer. This was disclosed in the firm’s 2018 quality living ranking which listed 231 cities worldwide (and where 44 African nations are present).
Globally, Lomé’s capital is 206th ahead of cities like Lagos (212th) whose GDP is about ten times Togo’s. Lomé also beat Abidjan (208th), Addis Ababa...
The Islamic Development Bank (IDB), via its branch the International Islamic Trade Financing Corporation (ITFC) just granted Togo’s power utility a $22 million loan.
Related agreement was signed last Wednesday in Tunis, on the sideline of the 43rd annual meeting of the Islamic bank.
The monies which will be fully repaid by the utility will be used to purchase heavy fuel to power...
Ahead of the upcoming presidential youth forum (FPJ) to be held on April 20-21, 2018, Prof. Dodzi Kokoroko, President of the Organization Committee of the FPJ, declared: “We want the President to keep commitments regarding youth on a three to five year basis”. This was last Wednesday, as he was meeting with the press.
The upcoming forum will be different from others previously held in Togo....
Outstanding public securities issued by Togo of the UMOA stock market stood at CFA944.8 billion end-December 2017, against CFA762.1 billion in 2016, thus up 24%.
These outstanding securities are partitioned the following way: 84.4% of bonds and 15.6% of treasury bills. The first actually amount to CFA797 billion up 40% over the period reviewed while the second went down 21.6% to stand at...
In February, average interest rates on consumption and housing loans granted by lenders in Togo increased.
Regarding the first category, rates on these loans, after having slumped by 21 basis points to 8.42% in January, rose to 8.86% the following month. Actually, all WAEMU States, apart from Niger, recorded the same trend.
Average interest rate on housing loans in Togo is the highest within...
The National Employers’ Board (CNP-Togo) has provided on April 4, 2018, a CFA2 million check to Edem Bessanh, who distinguished himself as 2017’s best SME entrepreneur with his business S.E NUTRI-TOGO which sells mushroom-based drinks.
“We want to congratulate the winner and encourage him in his efforts to valorize Togolese skills and local processing. This is to laud Togolese firms’...
Togo’s ministry of grassroots development, craftsmanship and youth employment, wants to adopt a new strategy to tap out the potential of this social group.
According to a credible source, the entity selected to develop this strategy will review all aspects of the actual national youth strategy, using as reference the African Union’s roadmap for the exploitation of demographic...