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Launched in 2016 to “bridge inequalities between various Togolese regions regarding infrastructures, thus consolidating progress made by the government in fighting social exclusion”, the Emergency Program for Community Development (PUDC) shows promising results.
Two years after its implementation, this program which obtained financial and technical support from Japan and targets mainly poor...
To ensure that degrees awarded by private universities are of quality, Togo’s government has decided to make uniform, courses provided by these various schools.
In effect, curricula will be identical allowing all students of the country to pass a single exam monitored by the State.
Indeed, so far, each school had some margin to organize its exams as it pleased, with the exception of the...
Lomé is the 29th African city where living is best according to the U.S consulting firm Mercer. This was disclosed in the firm’s 2018 quality living ranking which listed 231 cities worldwide (and where 44 African nations are present).
Globally, Lomé’s capital is 206th ahead of cities like Lagos (212th) whose GDP is about ten times Togo’s. Lomé also beat Abidjan (208th), Addis Ababa...
The Islamic Development Bank (IDB), via its branch the International Islamic Trade Financing Corporation (ITFC) just granted Togo’s power utility a $22 million loan.
Related agreement was signed last Wednesday in Tunis, on the sideline of the 43rd annual meeting of the Islamic bank.
The monies which will be fully repaid by the utility will be used to purchase heavy fuel to power...
Ahead of the upcoming presidential youth forum (FPJ) to be held on April 20-21, 2018, Prof. Dodzi Kokoroko, President of the Organization Committee of the FPJ, declared: “We want the President to keep commitments regarding youth on a three to five year basis”. This was last Wednesday, as he was meeting with the press.
The upcoming forum will be different from others previously held in Togo....
Outstanding public securities issued by Togo of the UMOA stock market stood at CFA944.8 billion end-December 2017, against CFA762.1 billion in 2016, thus up 24%.
These outstanding securities are partitioned the following way: 84.4% of bonds and 15.6% of treasury bills. The first actually amount to CFA797 billion up 40% over the period reviewed while the second went down 21.6% to stand at...
In February, average interest rates on consumption and housing loans granted by lenders in Togo increased.
Regarding the first category, rates on these loans, after having slumped by 21 basis points to 8.42% in January, rose to 8.86% the following month. Actually, all WAEMU States, apart from Niger, recorded the same trend.
Average interest rate on housing loans in Togo is the highest within...
The National Employers’ Board (CNP-Togo) has provided on April 4, 2018, a CFA2 million check to Edem Bessanh, who distinguished himself as 2017’s best SME entrepreneur with his business S.E NUTRI-TOGO which sells mushroom-based drinks.
“We want to congratulate the winner and encourage him in his efforts to valorize Togolese skills and local processing. This is to laud Togolese firms’...
Togo’s ministry of grassroots development, craftsmanship and youth employment, wants to adopt a new strategy to tap out the potential of this social group.
According to a credible source, the entity selected to develop this strategy will review all aspects of the actual national youth strategy, using as reference the African Union’s roadmap for the exploitation of demographic...
The administration board of the Millenium Challenge Corporation (MCC) just approved its threshold program for Togo, few months after postponing this decision due to the recent political crisis that the country experienced. “I am pleased to announce the MCC Board of Directors’ approval of the Togo Threshold Program,” said Jonathan Nash, MCC's Acting CEO.
To secure this approval, Togolese...
Togolese government expects private investors to provide CFA20 billion to develop Kara’s agropole. This was disclosed April 3, 2018 by the minister of agriculture on the sidelines of the open days for exchange and promotion of this project.
This amount is about a third of what the project is to cost, knowingly 60 billion CFA.
According to various sources, the government and African...
Cost of credits from the Central Bank of West African States (BCEAO) to Togo has risen by 54 basis points from 8.2% at the end of December 2017 to 8.74% at the end of January 2018. In January, apart from the private individuals segment where this figure slumped by 22 basis points, average rates for consumer credit increased. This was disclosed in the Central Bank’s monthly report for...
Aklesso Daou, owner of Sodigaz, has decided to enter the car concession market and will deal with CHEVROLET and ISUZU brands.
The businessman trusted this new department to Diwa International which up till now was specialized in the distribution of lubricants used in the sectors of industry, transport, marine and mines, www.lfrii.com reported.
The new concessionaire opened a showroom...
As part of its poultry vaccination campaign,Togolese government, via the ministry of agriculture, husbandry and fishery, wants to purchase 35,000 vials of 100 inactivated vaccine doses with adjuvant, making a total of 3,500,000 doses.
According to a document obtained by Togo First, these vaccines fight the Newcastle disease. Financing for the project should be provided by the Agricultural Sector...
Spurred by activities at the Port of Lomé, which is West Africa’s only deep water port, Togo’s maritime connectivity index improved significantly. In fact, the nation is in Sub-Saharan Africa, the second best, after South Africa, according to United Nations Conference on Trade and Development (UNCTAD).
In Africa, Togo is fourth on the index. It comes after Morocco, Egypt and South...
From April 4 to 23, 2018, thirty Togolese civil servants will be in Changzhou, Jiangsu, China, 150km North-West of Shangai. This is to attend a seminar on cooperation to fight import-export of counterfeit items, Xinhua reports. The meeting is initiated by the Jiangsu Inspection and Quarantine Institute of Quality (JSIQ).
According to the source, the meeting should focus on pre-loading...