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Under the aegis of the minister of trade and private sector promotion, Bernadette Essossimna Legzim-Balouki, open houses at the Société d’Exploitation du Guichet Unique pour le Commerce Extérieur au Togo (SEGUCE-TOGO) begin Today and will end on March 15, 2018, at the firm’s headquarters.
The event is scheduled as follows: on March 13, SEGUCE’s top executives will be introduced just...
Aiming to raise CFA60 billion with the “TPTG 6.90% 2018-2023” bond it issued between the end of 2017 and the beginning of 2018, the Togolese government was able raise FCFA61.8 billion through this operation which was arranged by Dakar-based CGF Bourse. This was revealed in a press statement available on the web page of the Togolese ministry of economy and...
Togocel, leading mobile operator in Togo, will launch 4G at the end of April 2018. This was disclosed by the firm’s MD, Affoh Atcha-Dédji, Afreepress reports.
This comes after a similar move by Téolis last month.
Togocel, which detains 70% of mobile market’s share in the country, indicates that launching the technology falls under its strategy aiming to provide broadband of quality and...
After recording a negative inflation (-0.8%) in 2017, level of prices should rise in 2018, according to data obtained by Togo First from institutions like BCEAO, World Bank and Ecobank.
Indeed, this level should increase by 1.2%, Ecobank’s experts said.
As for BCEAO, it states that inflation rate was -0.1% at end-January 2018, year-to-year, and -1.6% in December 2017 (year-to-year still).
On...
Nine days. That is how many days, on average, was needed to complete property transfer in January 2018. Abbi Toyi, director of cadaster and domain affairs (DADC) said in an interview with Togo First on Friday March 9.
According to a document provided by his office, transfer requests are processed in 1-21 days, but much more between 3-8 days.
The feat can be attributed to the reinforcement of...
Under the restructuring process started January 11, 2018, the government of Togo, during a ministers’ council held on 7 March 2018, proceeded to six new appointments within the ministry of economy and finances.
Agbenoxevi Kofi Paniah and Ayélé Datti, both finance administrators, were respectively appointed national head of financial control and head of public debt and financing.
Lida Amen...
On March 7, 2018, the Karité Togo label was launched under the aegis of the Ministry of Agriculture and Husbandry in partnership with SOIF Togo Foundation and Société Togolaise de Karité (STK).
This project aims at reviving the shea butter sector by betting on its processing into various derivatives, and in the long run exporting.
It also falls under the government’s strategy to reduce...
While growth forecast is estimated at 5.3% this year, real gross domestic product (GDP) of Togo should reach $5.3 billion, against $4.8 billion in 2017.
Comparing with data we obtained, this would mean that Togo’s economy has doubled over 10 years. Indeed, back in 2007 the economy weighed about $2.53 billion, according to data from African Development Bank (AfDB).
Also, GDP per...
During the recent ministers’ council held on March 7, 2018, a bill for a new land and State property code was adopted. This is as previous laws were outdated causing a rise in the number of land-related conflicts.
The new bill should thus help “handle the consequences of strong land pressures caused by a rapid growth of population”. In addition, it will also allow to “satisfy...
ECOWAS’ Investment and Development Bank (BIDC), along with some other financial institutions, soon plan to inject $60 million to establish a regional maritime company. Sealink will be its name.
Overall cost for the project, backed by ECOWAS’ federation of West African chambers of commerce and industry (FEWACCI), is $100,000,000. Out of this, Togo is to invest $500,000.
The...
In 2017, overall, 200 young entrepreneurs were trained on management and 300 projects were funded by the Support Fund for Youth’s Economic Insertion (FAIEJ). Reporting this figure, local website Republic of Togo added that the fund spent CFA500 million to this end, creating by the way nearly 1000 jobs.
Launched in 2012 to tackle youth unemployment and promote entrepreneurship, FAIEJ exists to...
During a council of ministers held on March 7, a decree was signed to make ECOWAS insurance brown cards immediate and compulsory for every person with a motor liability insurance.
This is to better protect drivers within the community. Indeed, in case of accidents, Togolese nationals will be compensated rapidly and fairly for damages caused by non-resident drivers from other ECOWAS...
At the begining of January 2018, Togo’s President, Faure Essozimna Gnassingbé, had announced in his New Year’s address, a forum with the youth to know their expectations and suggestions regarding solutions to their challenges.
This meeting should be held in the first half of April 2018, according to a press release from the Presidency’s communication department.
Presentation of...
For the fifth time this year, Togo will issue fungible treasury bonds on the regional debt market, on March 16 to be precise. This was disclosed in a notice from the regional agency in support of the issuance and management of public securities in the WAMU (UMOA-Titre). Just like it aimed to raise during its latest issuance (Feb 26), the country seeks CFA20 billion through the...
Under its national electrification strategy, in rural areas particularly, Togo’s government benefited from US support through the US Power Africa Initiative.
US organization, Overseas Private Investment Corporation (OPIC), in fact informs that over the past 5 years, $2.4 billion were granted to nine African nations, namely South Africa, Togo, Ghana, Guinea, Nigeria, Kenya, Senegal,...
In West Africa, French-speaking countries listed under Ecobank’s WAEMU segment drive trade in the region with main hubs in Abidjan, Cotonou, Dakar and Lomé which is also a financial center. This was revealed in an analysis conducted by the research team of Ecobank Transnational Incorporated (ETI).
“Abidjan, Dakar, Cotonou and Lomé are key commercial hubs, canals for import and export...