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Two weeks after a mitigated first bond issuance on the UMOA securities market, Togo announces for January 25, 2019, a second issuance of fungible treasury bonds on this market.
For the upcoming operation, the country has a target of CFA20 billion.
According to the UMOA-securities regional agency, nominal value for each security that will be issued under the operation is CFA10,000, with a...
Recently, seven Togolese NGOs received around CFA145 million from the UNDP, under the Global Environment Facility’s Microfinance Program (PMF/FEM).
With this funding, the PNUD invested €2.3 million or CFA1.5 billion in environmental protection in Togo, over 10 years.
Projects backed by the institution cover the preservation of mountain ecosystems, preserving community forests,...
On Tuesday, January 15, 2019, Germain Essohouna Méba was re-elected as the head of the chamber of commerce and industry of Togo (CCIT).
His re-election happens at a time the private sector is expected to play a major role in the development of the national development plan (PND).
During his first mandate, the private sector’s activity grew with for example its participation in the Business...
Since last Tuesday, various national clean power experts gathered for a four-day workshop on the elaboration and development of climate change resilient projects with low greenhouse gas emission. The workshop’s goal is to improve Togo’s eligibility for the Green Climate Fund.
It is the first of many that will be organized in all 15 ECOWAS States, to ease their access to the Green Climate...
Judicial officers, lawyers and bailiffs notably, now have the possibility to initiate online procedures with commercial chambers via Forsetti commerciale, the commercial platform developed by Pero Groupe, a software development firm.
An information meeting was hosted on January 11, 2019, at Maison de l’Avocat. It was initiated by the national programme for justice modernization (Programme...
In Togo, the government should soon start a biometric census of the population, under its e-ID Togo project.
“The project is at the pre-launch stage. Preliminary studies have been completed. The firm that will carry out the project is almost selected and its development strategy is defined by authorities”. This was revealed to Togo First by Kanka-Malik Natchaba, who heads the coordination of...
BBOXX just got a $31 million financing from Africa Infrastructure Investment Managers (AIIM).
These monies will allow the British group to set up two million solar units by 2022, thus providing electricity to more than 10 million people in Africa, including Togo through the CIZO project.
According to Mansoor Hamayun (photo), CEO and Co-founder of BBOXX, the financing agreement “shows the...
On Monday, a four-day workshop on result-oriented management was started in Kpalimé by the ministry of economy and finances. This session trains the staff of the national directorate of financial control.
It falls under the Project to support and mobilize resources and boost institutional capacities (PAMOCI).
In detail, the financial controllers will be taught about new public management...
In Togo, firms paying the Single Professional Tax (TPU in French) are exempted from paying this tax in their first two years of activity. This was revealed last Monday by the tax commissioner himself, Ahmed Esso-Wavana Adoyi.
Exemption period in 2018 was only a year but it has been extended in line with incentives initiated by Lomé to cut charges paid by young entrepreneurs when starting...
Lomé’s first moto-taxi reservation service, Gozem, just partnered with Total’s subsidiary in Togo to teach drivers in the Togolese capital (taxis and bike drivers) about eco-responsibility and how to better utilize their vehicles.
“Through this partnership, Total and Gozem want to inform drivers about the importance of adopting simple, yet effective, habits, thus improving the efficiency...
Once completed, the $15 million Dapaong solar power plant will provide clean energy to about 700,000 households and small companies in Togo.
Financed by the Abu Dhabi fund for development, the project is aimed at "reducing poverty, increasing income generating activities and suppling energy to health and education service providers"
According to Adnan Z. Amin (photo), outgoing...
In Togo, the number of companies created jumped by 27.5% in 2018 to reach 10,545, a bit below the record reached in 2015.
About 82% (8,625) of the companies created in 2018 are owned by nationals and 1,920 by foreigners. Nigeria (375), Benin (280) Niger (211), China (155) and India (121) were the top five foreign countries whose nationals created companies in Togo in 2018.
That year, 71%...
Upon the 9th session of the International Renewable Energy Agency (IRENA) held last week in Abu Dhabi, the Togolese government secured $15 million to implement a 30-MW solar plant. This is the largest project approved by this body in terms of capacity, sources said.
This move by Togo is a significant step torwards achieving universal energy by 2030. It is also expected to back efforts in...
Togolese government, via the ministry of infrastructure and transports, plans rehabilitation works at the congress centers in Lomé and Kara, a document consulted by Togo First indicates.
Under this project, the ministry launched a tender following which the selected bidder will first have to undertake technical studies covering the maintenance, rehabilitation or repair of the building and...
With a production that increased from 24,000 tons to 35,000 tons within three years and an average yield of 3 tons per hectare, the Soya sector has good results in Togo so much that producers from neighbouring countries come to learn from the local experience.
This is the case of the delegation of Benin’s Soya producers’ union (Union Nationale des Producteurs de Soja du Bénin-UNPS) that...
The Regional Stock Exchange (BRVM) signed January 10, 2019, with the International Finance Corporation (IFC), World Bank’s private sector arm, a cooperation agreement on the corporate governance code.
The goal is to “enable BRVM-listed companies to be more efficient, competitive and productive to ensure a climate of trust vis-à-vis investors,” Dr Edoh Kossi Amenounve, BRVM’s Managing...