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Last Friday, Togo’s parliament adopted the law amending the n°2016-005 law of March 14, 2016, regarding regulation of credit information offices (BIC).
BIC’s role is to gather data from financial institutions, public entities and large utilities such as the power and water utilities as well as phone companies. The data looks at credit and payment histories of customers, to draw solvability...
As announced earlier on, TogoCom revised its tariffs last Friday. According to Affoh Atcha-Dedji who heads the firm, the revision aims at providing customers better offers in the voice and data segments.
With the initiative, TogoCom users with a classic or youth profile can now reload a CFA200 voucher.
Now also, a Togocel-Togocel minute call costs CFA79, as compared to CFA80...
Over the past four years, the portfolio provided to Togo by World Bank recorded a high disbursement rate, the new 2017-20 partnership framework revealed. The document indicates that the disbursement rate was 34.9% during the 2014 fiscal year and then stood at 30% in 2015, before jumping to 40% in 2016 and already reached 27% at the end of the first quarter 2017.
According to the Bank, this...
Over the next ten years, Togo aims to reach 100% electricity coverage and achieve the universal service access latest by 2030.
To this end, the country plans to leverage financing mechanisms particularly the Public-Private Partnership (PPP). It also sets support mechanisms aimed at connecting communities living without electricity. In this framework, Lomé will host next June 27-28, a round...
On June 20, 2018, AfDB unveiled the first index for the Electricity Regulatory Index in Mauritius. Amadou Hott, the vice-president in charge of the AfDB power, energy, climate change and green growth development revealed that this should prompt actors of the electricity sector in Africa to address the issues mentioned in the report.
The pan African institution reveals that the Index should help...
Yesterday June 21, 2018, Tandjouraré’s cotton growers groups reviewed the results of the last cotton campaign and reflected on the perspectives of the new campaign. This was in the framework of the ordinary general assembly of the secretaries and delegates of the cotton growers groups of Tandjouraré, in Savanes, held the same day.
During the meeting, it was revealed that in the community,...
At a more or less regular interval, Togo evaluates the security of its airport platform. In that regard, simulation attacks were launched at the airport on June 20, 2018, to test the security and defense forces’ efficiency and response capacity when confronted with terrorist attacks or threats.
The first test was to remove an explosive device that was said to be set in the hall and bring back...
Yesterday, June 20, 2018, a workshop to sensitize and reinforce the capacity of the institutions which collect customers’ data in the framework of the credit bureau BIC was organized in the new presidential palace.
Organized by the cellule Climat des affaires (CCA) in collaboration with Créditinfo Volo, the group in charge of the operational phase of BIC in Togo, the high-level meeting was...
Togo’s president Faure Gnassingbé will launch next June 25, the Agricultural Financing Incentive Mechanism (MIFA, formerly called TIRSAL). According to Aristide Agbossoumonde (photo), head of the MIFA Implementation Body, it is an agricultural funding booster based on a risk sharing mechanism. In this framework, a MIFA-centered fair will be organized June 23 to 25 in the Show and Fair Center...
TogoCom will announce June 22, new rates on national and international calls, as well as internet package, the group said.
The move aims at better structuring offers and meeting customers’ needs for Voice and Data communication. It aligns with TogoCom’s ambition to become Togo’s leading internet services provider. This after “bad years marked by a drop in performance, particularly in...
On June 19, 2018, Robert Dussey and Marc Vizy, respectively Togo’s minister of foreign affairs and France’s ambassador to Togo, signed an agreement under which the latter’s nation would finance the Training and Support Programme for Audiovisual and Media sector in Togo (PROFAMED).
In detail, the project will benefit from a financing of €493,000 from France over a two year...
World Bank launched June 19 its first open houses in Togo. The related opening ceremony was presided by Togo’s Prime Minister Selom Komi Klassou. Also present were the minister of planning and development, Kossi Assimaïdou, the minister of trade, Bernadette Legzim-Balouki, Joëlle Dehasse, World Bank’s representative in Togo, and Pierre Laporte who is the institution’s operations director...
Togo’s national development plan (PND) will stimulate the country’s economic activity, the International Monetary Fund (IMF) said in its second review of the West African nation’s economic performance.
The performance was deemed “good” by the institution and as a result, it provided Togo a $35.5 million financing. “Finalization of the national development plan and Togo’s...
Togo’s government and Thales Alenia Space announced on Monday June 18, the signing of an agreement for the provision of a latest generation land-station, the Meolut Next (MEdium Orbit Local User Terminal).
This station can detect and instantly locate any distress signal issued at sea or onshore. It will act as an interface for local and neighboring detection systems (firefighters, army, coast...
Last month, global consumption prices in Togo slumped by 1% as compared to a 1.9% positive growth the month before, according to data from the National Institute of Statistics, Economic and Demographic Studies (INSEED).
The slump is mainly due to a drop in prices of food products and non-alcoholic drinks, even if other consumption indicators increased. These indicators are “housing, water,...
Under its initiative to boost tax revenues, Togo’s Revenue Office (OTR) will rehabilitate the Customs and indirect taxes office. A call for proposals was actually launched to select eligible candidates for related works.
The works will be financed by the State, with funds specially allocated to them under the 2018 budget.
They are expected to last about five months according to the call for...