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Togo’s national power utility company (Compagnie Energie Electrique du Togo-CEET) just announced that ContourGlobal, the thermal power plant installed in Lomé, is now using 50% gas in its operations.
According to the CEET, a supply contract was signed June 8 with Axxela Ltd, specialized in natural gas distribution and formerly known as Oando Gas and Power Ltd.
Based on that...
Toofan, the Togolese music band was crowned “Best African band” and “Best Francophone Artist” during the 5th edition of the Afrimma Awards (African Muzik Magazine Awards & Music Festival) held October 7 in Dallas.
The duo, composed of Master Just and Barabas, represented Togo in 3 categories including the Best Men's band in West Africa, Best African band and Best Francophone artist....
Under a bilateral air transport agreement signed October 2, the national companies of Togo and Kuwait will now benefit from unlimited traffic rights. The document was initialed by Dokissime Gnama Latta (photo) and Yousef Al-Fozan, both MDs of the National Civil Aviation Agencies of Togo and Kuwait, respectively.
Since it commissioned its new terminal at Gnassingbé Eyadéma International...
Moroccan group Banque Centrale Populaire (BCP), active in Togo via its subsidiary Banque Atlantique, announced it achieved a net profit of MAD1.6 billion (CFA96.3 billion) during the first half this year, an increase by 1.8% compared to the same period last year.
The company’s net banking income (NBI) reached MAD8.2 billion (CFAF493.5 billion), an increase by 2%. Net operating income fell by...
Competent authorities of the African Tax Administration Forum (ATAF) are holding their second consultative meetings in Lomé, Togo’s capital. The meetings started October 4, 2018.
Placed under the theme “the importance of Competent authorities in the exchange of information in a globalized world “, this meeting should show African authorities and fiscal actors, the advantages of...
Bangladeshi Cosmos Group, specialized in the extractive industry and renewable energies, is planning to build solar plants with important energy generation capacity in Togo.
A meeting between Marc Ably-Bidamon, Togo’s mines and energy minister, and the group’s managers, on October 4, 2018, in New Delhi, in the framework of the general assembly of the International Solar Alliance,...
Togo’s government adopted a bill to open the capital of TogoCom, State-owned company born from the merger between the country’s respective leaders of the landline and mobile sectors, TogoCel and Togo Telecom. This was during the ministers’ council held last Wednesday in Lomé.
The government’s move aligns with its objective to keep innovating in the telecom industry. This sector indeed...
During a ministers council held October 3, the government adopted the 2019 finance and management bill.
Under the new bill, the State’s budget for 2019, covering expenditures and revenues, should stand at CFA1,461 billion, against CFA1,311 billion in 2018, thus up 11.5%.
Budget revenues are expected to amount to CFA881 billion against 895 billion in 2018, down about 1%.
The government...
A low growth, a more unfavorable global environment, tighter financial conditions when raising capitals on international markets, increase of commodities prices in contrast with the capping or fall of mineral prices, a rise and change in the structure of public debt, paired with a low productivity. Those are the projections that made the World Bank scale down its growth forecast for the...
Last Monday, World Bank experts and officials from various ministries gathered for a workshop to discuss the 2017 edition of the Country Policy and Institutional Assessment for Togo.
Among officials present were the minister of development planning, Kossi Assimaïdou, the minister in charge of the coordination of MCA-Togo, Stanislas Baba, the Permanent secretary supervising reform policies and...
Spanish telecom firm Eurona will, via its African subsidiary Nortis, supply broadband via satellite to 300 schools in Benin. The firm disclosed this in a statement dated September 24, 2018, on its website. The project which is backed by the Fund for the Internationalization of the Company (FIEM) aims to improve access to internet and quality education for students in Benin.
Eurona also said it...
Under the sponsorship of Togo’s ministry of economy and finance, the Bourse Régionale des Valeurs Mobilières (BRVM) will launch the 13th edition of the BRVM days in Lomé next October 18
Placed under the theme “Innovation and stock markets’ development”, these days should enable the stock exchange to showcase its financial products and services to Togolese firms and investors.
This...
Togo plans to revise its mining regulations, under its mining governance and development project (PGDM). The move should focus on three main axes: regulations' revision, support to mining inspections, and integrating systems to monitor standards and performances of mining operators in Togo.
Under the revision of regulations segment, the authorities plan to review existing laws and decrees...
Togolese engineers met for their first general assembly to produce a code of conduct that will ensure their work is properly regulated.
The move was spurred by some misconducts of some of them and also because some individuals portray themselves as engineers without having the title.
During the general assembly, the engineers created a committee to monitor all laws that will be produced in...
Sixty-five youths from the Support Fund for Youth-led Economic Initiatives (FAIEJ) and Lions Club International, are currently taking part in a workshop for young entrepreneurs in Lomé where they are trained in methods of creating and designing business plans.
The workshop on October 1 lasted two weeks. In effect, the trainees will build up their leadership skills to better identify and...
Bolloré will invest about CFA127.1 million in the construction of Kovié market (Zio prefecture).
Total cost for the infrastructure is about CFA240 million. The State will inject the remaining sum. Related works commenced last September 28 with the first stone laid by the minister of grassroots development, Victoire Tomégah-Dogbé.
Construction of this new market, which will replace the old...