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Agropoles. These are what Togolese authorities are betting on to radically change farmers’ lives. In this framework, they want to raise agricultural loans from 0.3% to 5% of all bank loans granted in the country.
It would be quite an achievement considering that farmers so far were not much favored by lenders in Togo.
To remedy this, government decided to accelerate farmers’ financial...
For the 2017-2018 campaign, Togo’s New Cotton Company (NSCT) eyed an output of 160,000 tons of cottonseed but finally recorded an output of 180,000 tons. This is far above the previous campaign’s output, knowingly 108,000 tons.
The new figure was released during the 11th meeting to review the regional program for integrated cotton production in Africa, organized by NSCT.
The surge in output...
ECOWAS investment and development bank (BIDC) committed to support palm oil producer Nada Oil West Africa (NOWA) so that it establishes factories and plantations in Côte d’Ivoire and Togo.
Indeed, Republic of Togo, citing the firm’s CEO, Ernest Dally Zabo reported that the bank just lent it CFA4 billion to this end.
Created in 2016, NOWA which is based in Bonoua, Grand-Bassam department...
Does the State plan to takeover, once again, management of IBIS hotel?
According to local media which reported the news, citing Rédacteur Libre, Ibis’ concessionaire was notified of non-renewal of the hotel’s 15-year lease by its sponsors.
Takeover is expected on April 18, 2018. The hotel’s sponsors are said to “have delayed renovations and exploited the site beyond its capacities”....
This should end “brandless management” of the 2 Février hotel after Radisson’s exit.
According to Focus Infos, local newspaper, this hotel will now be managed by Emaar Hospitality Group, a reference in the sectors of hospitality, real estate and leisure, in Dubai (United Arab Emirates).
The group will boost the activity of the hotel; a good news, considering that this activity has...
Launched in 2013, with BOAD’s support, the support program for grassroot development (PRADEB) has recorded many achievements since then.
In its framework, at Dec. 31, 2017, 2100 direct and indirect jobs were created, 800 loans totaling CFA1.9 billion were used to provide technical and financial support to projects led by 3402 young graduates and artisans.
Projects supported spread across...
Togo has banned import and sales of Total’s herbicide. According to the minister of agriculture, fisheries and husbandry, Ouro-Koura Agadazi, the product contains Glyphosate which is dangerous for human and animal health and the environment as well.
The measure was taken to “protect not only the environment but the health of humans and animals also”.
The ministry of...
After DRC, Benin, Côte d’Ivoire and Burkina Faso recently, Togo just banned “temporarily” import, sale and exposition of tilapia.
In a decree issued by the ministries of trade and fisheries, Togolese authorities explained that the measure comes after FAO alerted about the tilapia lake virus which affects these fishes.
The ban in most other African nations is mainly on tilapia coming from...
School Assur: Nearly 1.5 million pupils out of 2 million targeted benefit from the initiative so far
In Togo, the School Assur project actually benefits 1,468,391 pupils spread across of the country’s economic regions. This project aims at providing free health insurance to pupils and high school students in all of Togo’s public schools and was launched August 30, 2017.
In detail, 184,693 students benefit from the scheme in the Central region ; in Kara, they are 288,776 ; in...
Togo could, according to Prof. Komlan Batawila, build a 25MW wind park, to tackle its current power issues. This, he said during a regional workshop on “renewables’ challenges in West Africa”, organized by the University of Lomé, and West African Science Service Center on Climate Change and Adapted Land Use (WASCAL).
According to the lecturer, the project would greatly fulfill its...
In 2017, Lomé’s port received about 19.32 million tons of oil and gas. This is against around 13.99 million tons, according to data from ministry of transports.
Over the past year, number of oil tankers that brought the resources to Togo also soared, rising from 1311 in 2016, to 1375.
Regardless of this improvements, one major challenge is security at the Autonomous port of Lomé, which by...
Under its plans for public securities issuance in Q2 2018, Togo’s public treasury will try next April 20, to raise CFA15 billion of fungible treasury bonds (FTB). It will be the country’s first issuance on the regional market this quarter. Overall, it plans to raise up to CFA50 billion throughout the quarter.
The sum will be mobilized, in detail, through two FTBs of CFA15 billion each,...
British firm BBOXX, which specializes in solar energy said last Thursday it wants to raise, with the U.K government’s support (25%), 2.5 million pound sterling ($3.5 million). This is in the framework of the Energize Africa initiative launched by crowdfunding platform Lendahand Ethex.
With the monies, the UK firm intends to provide more new-generation solar kits in Rwanda, DRC, Nigeria and...
French business mogul Bolloré, CEO of eponymous firm, should soon be auditioned by French judges in the framework of an investigation concerning his activities in Africa, Challenges reported citing Reuters, April 12, 2018.
According to the French magazine, justice will look into Bolloré’s takeover of the Conakry port’s concession in Guinea and that of management of container terminal at...
Togo has applied to Compact with Africa scheme. A delegation from the International Monetary Fund (IMF) disclosed this to the press April 10 after the second review of “Extended Credit Facility (ECF) program”. “The delegation lauds efforts made by authorities for Togo to apply to G20’s scheme Compact with Africa,” a statement from the Bretton Woods institution reads.
Angela...
This is one of the conclusions of an investigation, ordered by the Chamber of Trade and Industry of Togo (CCIT), on the impact of sociopolitical crisis that has been occurring in the country since August 19, last year, on the economy.
Sample population for the study comprised 912 companies operating all over the nation: SMEs and SMIs with less than 10 employees and big firms with at...