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Eranove has officially gotten license to build and operate the Kékéli Efficient Power thermal plant in Lomé’s port zone.
Related concession agreement was signed October 23, 2013, by Eranove’s CEO, Marc Alberola and Togo’s minister of mines and energy, Marc Dèdèriwè Ably-Bidamon.
Works will last 18 months for a total cost of CFA64 billion. While the required investment will be...
Deloitte wishes to help Togo implement its 2018-2022 national development plan. The firm’s manager for Africa, Brice Chasles, disclosed this to Togo’s Prime Minister, Komi Sélom Klassou, during an audience held on October 23, 2018.
Chasles said he discussed with the PM about various opportunities for cooperation in many economic sectors. The discussions focused mainly on finding ways to...
Launched last June 25th by Faure Gnassingbé, MIFA is one of the flagship projects of the national development plan. Here, Noël Bataka, coordinator of MIFA’s value chains explains the ins-and-outs of this scheme.
Togo First: From scratch, what is MIFA about?
Noël Bataka (NoB) : MIFA stands for Incentive Mechanism for Agricultural Financing. Established on a...
Harmonies Media Group (HMG), leading media service in French-speaking Africa, just announced it has entered a partnership with US data collection giant GeoPoll. Under the partnership, the US firm will help HMG get data related to TV and radio audiences on a daily basis.
While the deal will first be implemented in Ivory Coast, it will be expanded to other French-speaking African countries, such...
Togo could have its first sugar factory in 2020. This was disclosed by the head of the country’s Agricultural Research Institute (ITRA), Dr. Bonfoh Bèdibètè, in an interview with agridigitale.net.
“Two years ago, President Faure Gnassingbé instructed us to build by 2020 a sugar factory in the Oti plain”, he said. However, “sugar cane grown in Togo cannot be used to produce sugar”,...
Subsequent to a successful bond issuance last October 12, Togo once again attempts to raise CFA50 billion on the regional financial market, via a simultaneous issuance of fungible treasury bonds.
The operation will be divided into two categories; one with a three-year maturity period and the other with a five-year maturity period, at a unit value of CFA10,000. Proceeds of the issuance will be...
Binta Touré Ndoye, head of Oragroup which is set to “perform the largest IPO of the BRVM since its creation”, recently revealed the group’s statistics and perspectives.
With a total balance sheet of more than CFA2,000 billion, Oragroup currently has 43,000 customers. The group plans to add two million customers to this number by 2022.
According to Binta Touré Ndoye, to achieve this...
Last October 10, Togolese pay TV provider TVSAT was ordered by the Paris Commercial Court to pay more than a million euros to French TV service provider Mediawan. According to Ecofin Agency which reported the news, TVSAT failed to pay the royalties it owed Mediawan under a distribution agreement dating from August 2011.
Indeed, on 2 August 2011, AB THEMATIQUES, formerly AB SAT, owned by...
The Lomé-based pan-African banking group Oragroup announced it received approval from the Regional Council on Investments and Financial Markets (CREPMF), to launch its initial public offering on the Regional Securities Exchange (BRVM) in Abidjan.
“The subscription operated by the Management and Intermediation Companies (SGI) will take place from 29 October to 16 November,...
On October 18, 2018, the BRVM investments days was launched as announced. The event that is to be concluded today October 19, 2018, falls within the framework of a promotion campaign initiated by the West African regional security market (Bourse Régionale des Valeurs Mobilières-BRVM), to boost the number of companies listed on that market.
According to Kossi Tofio (photo), representing...
Lomé is currently hosting a top-level workshop for the appropriation of the national development plan (2018-2022 PND).
The meeting focuses on contribution of private sector to the plan’s implementation. This explains its theme, knowingly “Private investments for PND’s success”. In effect, authorities expect private sector to contribute 65% of financing required to implement the...
At the beginning of this week, the respective ministers of foreign affairs of Togo, Burkina Faso, Benin and Niger met in Ouagadougou to discuss security issues at the borders of these countries which are connected.
On this occasion, it was decided that threats to the security of these nations would be coordinated from now on. The meeting mainly aimed to develop a common strategy to fight...
Since October 18, 2018, a team of the International Monetary Fund (IMF) has been in Lomé for the review under the 3 years Extended Credit Facility programme. This facility approved in May 2017 for Togo is estimated at $241.5 million.
The present mission that should be concluded on October 30 is the third under the Credit Facility.
This mission should concretely help the Washington...
The African Culture Fund has launched its first tender for cultural projects and the winning bidder will get a $10,000 funding.
The Pan-African fund supports art education as well as cultural and creative industries in Africa, towards making these sectors more professional.
It exists to improve careers of promoters, artists, culture professionals. It also backs socioeconomic and...
Kokou Edem Tengue and Paul-Harry Aithnard are the two Togolese listed on the 2018 Choiseul 100 Africa released October 17.
Co-founder of Emergence Capital, a firm that gets businesses listed on WAEMU’s regional stock market, Tengue, 38-year old, currently heads Maersk’s subsidiary in Togo. He is a graduate from the University of Stellenbosch in South Africa, Sciences-Po Paris in France and...
In Togo, the ministry of infrastructures and transport will rehabilitate 267.5 km of asphalt roads. The works which fall under the ministry’s 2019-2021 agenda will be carried out in three of the country’s economic regions.
These are the Maritime, Plateaux and Savanes regions where 27km, 128km and 112.5km of roads will be rehabilitated respectively.
Works projected include mainly “major,...