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Gozem, Togo’s first taxi and moto-taxi reservation platform, has “signed two strategic partnership agreements with insurer Ogar Insurance and Togo Assistance to cover its partnering drivers in Lomé”.
“These partnerships aim to provide for all Gozem drivers an insurance contract with Ogar Insurance and affiliate them to Togo Assistance so they are taken care of in the event of an...
From December 14 to 16, 2018, Lomé will be hosting its first international craft fair. Initiated by two firms, one from Togo and another from Benin, the fair aims at improving education in Africa and gathering key actors of this sector in Togo.
Expected at the event are schools from Togo and the region, firms and entrepreneurs. These are to introduce students, parents and professionals to...
As announced last week, the Bourse Régionale des Valeurs Mobilières (BRVM), released on Monday the second batch of 10 enterprises, under its Elite BRVM Lounge program.
Developed by the London Stock Exchange Group (LSEG), this program is a “dynamic ecosystem revolving around the enterprise and aiming to support and foster innovation, entrepreneurship and growth”. Though their...
After three rounds of talks, Ghana and Togo failed to reach an agreement to end their maritime boundary delimitation dispute.
“Given the three rounds of negotiations so far, it is quite possible that we are not reaching consensus very soon,” said Lawrence Apaalse, Head of Ghana’s Technical team negotiating the maritime boundary delimitation with Togo.
In case the talks fail...
From 2005 to 2013, French budget aid for the WAEMU, under the financing of the Regional Economic Program (PER), exceeded more than €160 million or CFA118 billion. This was disclosed on December 10, 2018, by Badanam Patoki, representative of Togo’s minister of economy and finance, at the opening of a workshop to validate the provisional report on the aid’s evaluation. The workshop is to...
On Monday, the International Monetary Fund (IMF), pleased with Togo’s macroeconomic framework, approved during a board meeting the disbursement of a fourth financing tranche of $34.9 million for the country.
“The program’s return is very satisfying. All quantitative return criteria and three of the five structural benchmarks were met. The assessment’s completion enables the...
Nigerian natural gas supplier Axxela, formerly Oando Gas and Power, will supply Togo via the West African Gas Pipeline (WAGP). The related agreement was recently signed in Accra, Ghana, with the pipeline’s operator, West African Gas Pipeline Company (WAGPCO).
Under the new partnership, Axxela will deliver 15 million standard cubic feet or 425,000 cubic meters of natural gas to Lomé, every...
At the 36th session of administrators of the African School of Architecture and Urbanism (EAMAU) held in Lomé, it was decided that the regional academy would become a specialized integrated institution and a reference across the African Union.
In line with this objective, the centre will get a 12 ha field to build an ultra-modern campus. “We wish to help this institution shine by giving the...
For the last three months of its pilot stage, MIFA wants to speed up the creation of an agricultural insurance firm that will cover 6,000 farmers.
This mechanism, initially launched to push banks to lend more to agricultural value chains, intends to enroll three thousand additional farmers. In the same vein, it plans to boost capacities of all players in the agriculture value...
In Togo, property transfer fee is now fixed at CFA35000 in line with a ministerial decree dated November 20, 2018.
“A flat fee of CFA35000 will be paid for registration, stamp fees and land conservation fees in the event of complete transfers (of property),” said a note released by the ministry of economy and finances.
Previously, the fixed fee were proportional to the property’s...
A few weeks after adopting the bill for creating commercial courts, Togo’s parliament just greenlit their establishment.
The courts’ upcoming establishment is much wished by Sandra Ablamba Johnson, counselor to the President of the Republic and head of the business climate. Indeed, the measure should align with the government’s efforts to improve the country’s business environment. It...
On December 6, 2018, a ministers’ council was held to launch an international tender for capital opening of Togocom. The latter results from the merger between Togo’s landline and mobile telephony leader, TogoCel and Togo Telecom.
Togolese authorities are actually looking for a strategic partner who can meet expectations of the public firm. These include rapidly boosting access to broadband...
Yesterday, Dec 6, Togo’s parliament adopted a law ratifying the creation of the African Continental Free Trade Area (AfCFTA).
Signed in Kigali, Rwanda, during the African Union Heads of State extraordinary summit, the agreement translates the will of 44 African States to “end their balkanization and create a single market that spans from Algiers to Cape Town, and Praia to Djibouti”,...
Last October 12, the government of Togo adopted a cybersecurity bill in a ministers’ council. This bill was passed in parliament yesterday.
In effect, the bill actualizes Togo’s national penal system, by modernizing incrimination under traditional penal rule and restructuring legal tools in line with digital environment standards. The law will “efficiently and effectively take into...
Last Wednesday in Lomé, the 18th general assembly of the association of industrial players of oleaginous sector across the West African Economic and Monetary Union (AIFO-Uemoa) was held. On this occasion, participants discussed new challenges rising due to the “Asian unfair competition” in the regional market.
To tackle this issue, the association’s first vice-chairman also MD of...
In the framework of its Elite BRVM Lounge, the West African stock market will add a second batch of 10 SMEs to the project, after a first batch of 10 firms, including Togolese firm Sodigaz, selected previously.
Presentation ceremony will be held on December 10, in Abidjan, Côte d’Ivoire.
The second batch’s addition is subsequent to a deal signed by BRVM, London Stock Exchange and the...