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Togo’s government plans to build waste management centres in Dapaong and Atakpamé, capitals of the Savanes and Plateaux regions. This move aligns with the authorities will to coordinate decentralized management of domestic waste.
According to a document obtained by Togo First, the projected centres are intermediate recollection centres (IRC) and waste storage infrastructures, and others to...
The African Development Bank (AfDB) will provide two new financings for Togo’s agropoles project. The facilities fall under the bank’s "Program-Based Operations" for the rest of the 2018-2020 period.
The Abidjan-based institution could approve by 2019 an additional financing of UA 4 million (about CFA3.2 billion based on exchange rate in September) to initial funding it disbursed for the...
Tsévié (35 km from Lomé) is the first place where the sensitization campaign begins for the 2018-2022 National Development Plan (PND 2018-2022). This tour started on October 1.
Supported by the United Nations Development Program (UNDP) and the European Union’s delegation in Togo, this tour aims to promote the document which is to serve as the country’s economic and social strategy...
In Togo, Total launched a new card for purchasing their products called Oasys+. It adds to the already present Oasis classic and Fat’ka cards launched in 2003 and 2016 respectively by the French giant.
While the first two ranges are processed only in Lomé, at Total’s headquarters, the recent one aims to enable total’s customers have access to all of its products and services even after...
Togo, backed by the University of Lomé, is one of 17 nations selected across Europe, Asia and Africa to be part of the EdiCitiNet project. Togo’s capital is actually the only sub-Saharan African city to take part in the project which is funded by the European Union (EU).
EdiCitiNet aims to foster the use of urban landscapes to produce food products for transformation, consumption or...
Progressively, and steadily, Togo’s economy is regaining balance after the political crisis that crippled the economy which started from the second half of 2017.
Throughout the first half of this year, macroeconomic activity was favorable, Togo First learns. While the whole economy had grown by 4.4%, reaching CFA2,800 billion, last year, economic growth stood at 4.8% in Q2 2018, up 0.3%...
On September 28th, Togo’s public treasury raised CFA16.925 billion on the regional stock market. The country however initially sought CFA20 billion through the fundraising.
The funds will be used to finance State expenditures.
This recent bond issuance is Togo's first during Q3, 2018 after an extremely profitable second quarter. Indeed during the second quarter, the government proceeded...
In Togo, privatization operations will be covered by a general legal framework. Initially handled under the law n°2014-014 of October 22, 2014 regarding the modernization of the State’s action, elaboration of modalities related to "competition between candidates running in a privatization project”.
Indeed, the new law introduces three new articles including the n°66 which...
Announced a few weeks back, Vivendi’s second CanalOlympia movie theater will open on September 29, in the Agoè suburb of Lomé.
The theater that was baptized “Midè”, meaning “Your home”, will be located on the Bluezone Cacaveli site.
The 300-seat ultra-modern, polyvalent and eco-responsible infrastructures respects the government’s new objectives to use clean energy more as it is...
On Wednesday, the Bourse Régionale des Valeurs Mobilières (BRVM) and the private Equity fund Enko Capital signed a partnership agreement to get more firms listed on the stock market. “This agreement will help boost the listing process and attract more private actors on the stock market,” said Cyrille Nkontchou, Founding director of Enko Capital.
The move which mainly targets...
The African Development Bank (AfDB) plans to invest about $70 million (CFA39.5 billion) in various energy projects initiated by Togo’s private sector.
This was disclosed last Tuesday during the midway assessment of the 2016-2020 Country Strategy Paper of the institution in Togo.
On the same day, the Abidjan-based Bank said it could by 2020 approve a $14 million (CFA7.9 billion)...
Between January and August 2018, around 2032 land titles were issued, against 1034 over the same period the previous year. The rise (+55.8%) was spurred by the various reforms implemented by the Business Climate Cell and measures initiated by the Togolese Revenue Office.
In effect, the improvement is to be attributed to the tax office’s decision to sign up to 100 titles and 150 plot plans...
In Togo, the national federation of cashew producing cooperatives (FNCPA) expects local cashew output to rise from 20,000 tons currently to 130,000 tons by 2024.
To achieve this target, the FNCPA with the support of the ministry of agriculture, launched in the central region a workshop to train farmers to cashew grafting. Besides, the federation plans to provide the workshop’s participants...
In 2017, Togo received 566,764 tourists, up 33% compared to 2016’s 425,669.
Consequently, hotel earnings surged as well (+17.9%). These rose from CFA37.9 billion in 2016 to CFA44.7 billion last year.
According to the minister of tourism, Ihou Attigbè Yaovi, this performance results from various major international events held in the country.
The official urged various actors engaged in...
Through the Self Help program, the US embassy in Togo granted on Wednesday $40,000 to ten Togolese civil society organizations so they carry out various community development projects.
Focused on areas such as farming and husbandry, among others, these projects aim to help communities self-promote themselves.
In effect, part of the funding will be used to purchase equipment for mushroom...
The African Development Bank (AfDB) announced last Tuesday that it will maintain the two pillars of its 2016-2020 country strategy paper for Togo. This decision was spurred by the many structural governance reforms initiated by the Togolese government and the weak operationalization rate of these reforms, due to the political crisis.
Midway down its five-year intervention plan in Togo, the...