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Former deputy director of Orabank Togo, the group’s largest subsidiary, Rose Kayi Mivedor, was just appointed as the new director of Orabank Gabon. She will be replacing Cameroonian Guy Martial Awona who leaves with “satisfying results”.
The Togolese executive was previously managing director of Banque Atlantique and Diamond Bank Togo and spent two years at the head of the Togolese...
Togolese Dr. Edoh Kossi Amenounve, managing director of the Bourse Régionale des Valeurs Mobilières (BRVM) is the new president of AfricaFinLab.
This institution, created March 28, 2018, by Paris Europlace, BRVM (of which Togo is a member) and various other partners, is a brainstorming laboratory aiming to support and promote fintechs in Africa.
It was created in response to the...
Togo’s revenue office (OTR), in the framework of its support to local firms with digitalization process, has launched a training programme on online declaration for medium enterprises. A first meeting was held in this regard on March 19-23, 2018 in the IT room of the customs and indirect taxation office (CDDI in French). Another workshop will take place next April 4th, and closes on April...
Togo’s government is getting ready to officially adopt, next April, the 2018-2022 national development plan (PND 2018-2022), Financial Afrik reported.
The five-year plan which will substitute the accelerated growth and job promotion strategy (SCAPE 2013-2017) whose performances were less satisfying than expected, should enter its operational phase at the beginning of next semester.
The...
Research firm Quantum Global Research Lab, research division of Swiss investment and consulting group Quantum Global, just released the “Africa Investment Index (AII) 2018”. This index ranked African nations based on their level of attractiveness to foreign investments in 2017.
In this edition, Morocco is the number one destination of foreign investments. Togo for its part rose four spots to...
Born from the merging of Togo Telecom’s landline and mobile networks (Togo Telecom and Togo Cellulaire), Togocom Group wants to be the leading provider of internet services in Togo. This comes “after years of poor performances, especially regarding its internet offer, years over which its market shares shrank with the arrival of rude competitors”.
The firm’s authorities plan to achieve...
In Togo, the Programme for Job Promotion and Youth Insertion in Profitable Sectors (PAEIJ-SP) aims to create favorable conditions for a more inclusive economic growth by boosting youth employment and promoting entrepreneurship in the maize, cassava, soy and small ruminants sectors.
To achieve its objectives, “PAEIJ-SP bases its strategy on agricultural value chains and developing...
Subsistence crop production in Togo rose by 7% during the 2017-2018 season. This was disclosed by the Central Bank of West African States (BCEAO) in its March 2018 report on economic integration policies within the WAEMU.
The increase was spurred by favorable weather recorded throughout 2017 in the sub-region. According to the report, the union’s subsistence crop output soared by 6.1% over the...
A delegation from the International Monetary Fund (IMF) will stay in Lomé from March 27 to April 11, 2018, to assess Togo’s actions in the framework of the three-year aid programme, involving an extended credit facility (ECF) approved last May.
The delegation’s objective is to, with local authorities’ support, proceed to the second review of the ECF programme, and also update...
Announced in 2017, the project for a national security agency in Togo is about to be concretized. In a letter from the ministry of posts and digital economy to the heads of Togolese universities and major schools, that Togo First was able to obtain, it was indicated that this project should be paired with the creation of a Computer Emergency Response Team (CERT). The creation of the two...
CEET, Togo’s power utility, wants to switch from postpaid to prepay for its payment mode. This is part of various measures taken by the firm to connect more people to the national grid in 2018 (it eyes 100,000 connections).
In line with its new decision, the public company plans to promote the use of prepay meters.
According to officials at CEET, this is to tackle the issue of unpaid...
Hailed by Ocean News as one of the five leading Togolese women-entrepreneurs, Viviane Assogba Tsogbaley has been heading for three years now Génial Wok, a business that specializes in vegan and vegetarian food, and makes natural fruit cocktails. In this interview, she relates with passion how the adventure had been for her over the past three years.
Togo First : You have been...
During its first orientation seminary of the year held on March 16, authorities of the Togolese Revenue Office (OTR) reviewed the past year’s activities and laid out goals and projections for this year.
The tax office thus expects its earnings to stand at CFA660.3 billion in 2018. To this end, many reforms and “smart” strategies were undertaken by OTR to broaden tax base.
In the same...
A study conducted by the Groupe de Réflexion et d’Action, Femme Démocratie et Développement (GF2D) on unusual practices impairing the protocol on free movement of people and goods across the Togo-Benin, Togo-Ghana and Togo-Burkina Faso borders, showed that 68.4% of population surveyed, in the framework of the study, negatively perceive and has some doubt about the effectiveness of this...
French firm Linagora, which specializes in open-source software, and Comtel Technologies, a major actor of the tech industry in Benin, Niger and Togo, were just selected to develop a cloud-based professional messaging service for the whole Togolese public administration.
This was disclosed after the recent council of ministers held last Wednesday.
During the pilot stage of this project which...
Liquefied petroleum gas (LPG) distributor, Sodigaz, which is located in the Lomé free zone is part of the ten firms in the sub-region to have been selected due to their strong growth potential for the first Elite programme of the Bourse Régionale des Valeurs Mobilières (BRVM).
Launched last Monday, the programme emulates a similar one initiated in 2012 by the London Stock Exchange to support...