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Togo just moved another step forward in regards to data transparency and modernization of its statistics system.
Indeed, a national summary data page (NSDP) was just created to that end. It will help implement recommendations of the enhanced general data dissemination system (eGDDS) which aims to help adhering nations boost their data’s transparency as well as their governance’s, by...
Togo and Ghana could instigate a legal battle over oil exploration in the East Keta ultra-deep block. This situation worries the Public Interest and Accountability Committee (PIAC), one of Ghana’s oil regulatory authorities, which published July 16 its 2017 annual report.
Let’s recall that a few months ago, the Ghanaian government awarded the operation of an oil block in East keta to a joint...
Due to actual difficult market conditions, Ecobank announced it will suspend the roadshow it started for its Eurobond last month.
In an interview conducted last Thursday, Ade Ayeyemi, CEO of the Lomé-based pan-African group, said market conditions in emerging countries hardened over the past three months. “There was no trade war when we started… There were no issues in Turkey. Now, we wait....
Coris Bank International-Togo is, according to reliable sources, commencing the construction of a new branch in the northern part of the country, in Kara which is situated 400km from Lomé, the capital. Sources claim that dimensioning for the project is already underway. ArchiLUX and CIMEX are in charge of the construction.
Opening a new branch in Kara is part of the bank’s expansion plan...
Over the past five years, access to drinking water in Togo has improved from 42% in 2013 to 57.22% in 2017. However, supply of water and sanitization services remain a major challenge.
According to the 2017 public assistance report (RAPD 2017), government’s efforts to implement action plan for the water and sanitization sector (PANSEA) helped achieve significant results, in line with...
Togo will receive technical support from the International Institute of Tropical Agriculture (IITA) under the African Agricultural Transformation Technologies (AATT) initiative. The latter is part of the “Feeding Africa” strategy.
In this framework, Togo welcomed July 9-10, a delegation of the institute based in Abuja, which works with partners to improve crop quality and productivity, and...
Togo plans to infuse the plural cultural industry with new energy through a call for proposals under the Culture Assistance Fund, which amounts to CFA400 million.
Launched by the Ministry of Culture, this initiative intends to support heritage promotion and cultural/creative industries by boosting their potential. Moreover, it aims to support the sub-sectors’ professionals in efforts towards...
Foreign direct investments (FDI) in Togo surged back in 2017, after a negative performance (-46.5 million $) the year before.
According to data from the UNCTAD, FDIs in Togo in 2017 stood at $145 million, thus hiking more than 400%, over a year.
Despite the fall in prices of commodities, oil’s most significantly, having reduced FDIs flow to Africa in general, West Africa suffered...
Out of the 122 WAEMU community reforms engaged on a community level, Togo implemented 79 and is a community model in that regard. This was revealed by Kossi Toffio (photo), the chief of staff of the economy ministry during this year’s edition of the annual review of the political reforms in the framework of WAEMU’s programmes and projects, launched on July 16, 2018, in the Togolese...
MIFA (Mécanisme Incitatif de financement agricole), the scheme launched with great enthusiasm to encourage investments in the agricultural sector receives a great boost.
On July 13, 2018, the cooperative of rice and Cassava producers of Tagnamboul, Dankpen, a region known for its high agricultural potential, received the first check in the framework of the initiative inspired by the Nigerian...
Ivorian ratings agency Bloomfield Investment gave Oragroup SA, holding of Lomé-based Orabank Group, its very first financial ratings.
Hence, Oragroup was rated A (for the investment ratings category) with stable outlook regarding its long-term credit quality. In the short-term the group was rated A2 (for the same category) still with stable outlook.
The performance of the group which operates...
The West African Development Bank (BOAD) will launch a contest for startups operating in the solar power sector, on the sidelines of its 45th anniversary, next November.
The event will reward the best solar projects, in line with BOAD’s vision to support development projects. More information will be disclosed in this regard in the days to come.
Last May, BOAD, let it be recalled, had already...
Last Tuesday in Lomé, a convention for a project to provide technical assistance regarding public finances management was signed by the Togolese government, the International Monetary Fund (IMF) and the European Union.
The agreement was initialed in the presence of the minister of finance, Sani Yaya, the acting Chargé d’affaires of the European Union Delegation in Togo, Vincent Vire, and the...
Ahead of its 45th anniversary next November, BOAD will launch a picture contest focused on the projects it finances with the West African Monetary Union (WAEMU).
Details related to the contest will be revealed in the next days. However, it aims to raise awareness about the bank’s various projects across the union.
In line with its mission, the Lomé-based bank which is led since 2011 by...
In 2017, Togo’s official development assistance (ODA) amounted to $372.84 million (CFA217 billion). This was disclosed by Christophe Komlagan Akpoto, Head of Bilateral Cooperation at the Ministry of Development Planning.
This, he did during a workshop to validate the 2017 ODA report. The latter took place July 10, 2018, in Lomé. The report was supported by UN Development Program...
The Community Development Emergency Scheme (PUDC) will purchase and set up 40 new multipurpose solar platforms in various rural communities across the country, a source obtained by Togo First stated.
In details, the platforms will provide power to the benefiting communities, enabling them to earn revenues, mostly with agriculture-related activities. For example, the power supplied via the solar...