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The project to support agro-ecological transition in West Africa (PATAE) was launched April 27, in Abuja. The project currently covers Burkina Faso, Mali, Côte d’Ivoire, Senegal and Togo.
With €8 million (CFA5 billion), AFD supports this project which will extend over four years, from 2018 to 2021.
PATAE will in detail finance field projects supporting agro-ecological...
During a visit in Doha, a Togolese delegation led by President Faure Gnassingbé himself signed on April 30, six conventions and memoranda of understanding with Qatar’s emirate.
Under these agreements, holders of diplomatic and special passports from any of the two countries can visit the other, without a visa. Also a mechanism of periodic diplomatic consultations will be set up to boost...
Togo’s public treasury wants to raise CFA20 billion on UMOA-Titres financial market. This is the second operation of such size in Q2 2018 and it will occur on May 4, a note from UMOA-TITRES reveals.
According to the source, fungible treasury bonds issued by Togolese treasury have a nominal value of one million CFA per unit. It comes with multiple interest rates to give much margin to...
Government plans to make significant investment in health sector, said President Faure Gnassingbé last Friday during his speech for the 58th anniversary of Togo’s independence.
The investments align with major projects launched by Lomé, to enhance hospital management and improve health services. “Besides putting management of public health centers under contract, massive investment will be...
Two Togolese startups were nominated in the framework of the African Digital Awards (ADA) which rewards 10 innovative tech firms and SMEs from seven African countries (Côte d’Ivoire, Burkina Faso, Senegal, Ghana, Rwanda, Benin and Togo).
The two Togolese firms are SEMOA Group headed by Edem Adjamagbo and Namcredit which is led by Ayawo Ameganvi.
The first is a startup that specializes on...
Togo and Qatar just agreed on signing soon, an agreement to allow their respective diplomats to travel between the two countries without visas, to foster their cooperation.
This was during a work visit in Doha, between Togolese minister of foreign affairs, Robert Dussey, and his Qatari counterpart, Sheikh Mohamed bin Abderrahmane Al-Thani.
In order to boost bilateral relations between the two...
In Togo, professionals of insurance firms, banks and financial institutions will meet in Lomé, for a fair on 24-26 May, 2018.
According to the event’s initiators, its main goal is to create a platform for exchanges between actors of the finance and public sectors.
This is the first edition of the fair and its main purpose is to augment the number of involved actors; ease search for new...
Togo’s government plans to invest €100 million (more than CFA65 billion) in the Togo Incentive-Based Risk Sharing System for Agricultural Lending (TIRSAL). This was revealed by President Faure Gnassingbé today, April 27, on the sidelines of Togo’s 58th independence anniversary.
“With the help of TIRSAL fund whose capital is €100 million, or CFA65 billion, the issue of...
Between November 14, 2012 and November 26, 2017, Togo’s government has prohibited 36 ships from operating on its seas. These include among others Pioneer 168, Fat Crow, Med Way, Kun Peng, Albany and more, all operating under the Togolese banner.
Maritime affairs directorate says the ships carried out illegal activities and thus hurt Togo’s reputation.
Let it be recalled for example the case...
Remittances from Togolese diaspora to their relatives and friends at home were at 8.7% of the country’s gross domestic product by the end of 2017, a report released by World Bank April 22, 2018, reveals.
Proportionally to GDP, Togo was the seventh country to have received the most funds from its diaspora in the sub-Saharan African region. It comes ahead of nations like Mali (6.9% of GDP), or...
Togolese notaries claim they want to better cooperate with authorities and institutions involved in the fight against terrorism, tax evasion and money laundering. This, they declared, on the sidelines of the 10th “universités notoriales” held in Lomé.
The event’s theme which is “professional secret and right of retention during an investigation conducted by the justice or...
Second edition of international trade fair Elite études et formations began April 25 and will end April 29. This year, it focuses on training-employment issue to better tackle youth unemployment in the country.
The fair indeed recommends “a change of paradigm and approach in education sector”, says Prof. Dodzi Kokoroko, Chairman of University of Lomé. Its main goal is to make education...
On April 25, Togo’s President, Faure Gnassingbé, launched the Togo Incentive-Based Risk Sharing System (TIRSAL), to accelerate funding of agricultural projects.
TIRSAL’s purpose is to assess risks faced by the agricultural value chain and provide guarantees on agricultural loans granted by lenders (banks, cooperatives, etc.). The fund will act as an insurer whose main objective...
In line with the fight against money laundering and terrorism funding, Togolese deputies adopted on April 24, a bill that among others, forces users to get approval from customs to move out or into the country a sum of more than CFA15 million cash, by road, air or sea.
This would enable customs to have enough information on destinations of cash moved by traders or other individuals, in the case...
In World Bank’s latest Global Findex released April 19, it is shown that Togo has made considerable improvements in 2014-2017.
Under the sub-Saharan Africa category, Togo indeed, over the period, recorded the financial inclusion rate, ahead of countries like Côte d’Ivoire, Madagascar, Chad or Mali.
While in the region, proportion of individuals with more than 15 years having a bank account...
West African Office of the Organisation Internationale de la Francophonie (BRAO) is actually training about 30 young Togolese to social and inclusive entrepreneurship.
This initiative aligns with the incubation of second promotion of the Libres Ensemble project carriers. It aims to boost skills of young women and men incubated, regarding identification and implementation of social and...