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From 6.4% in Q4 2017, GDP of the West African Economic and Monetary Union (WAEMU) grew by 6.5% in Q1 2018, driven by local demand. This, in the context where prices of oil, cashew, cotton, cocoa, and gold went back up, and prices of palm oil, coffee and rubber slumped.
The figure was disclosed in a statement released at the end of the second ordinary session of the WAEMU’s monetary...
Last Friday, a delegation from Eximbank of China was received by President Faure Gnassingbé in Lomé to discuss opportunities to support Togo’s socioeconomic development.
Leading the delegation was the Chinese institution’s Vice President, Sun Ping, who told the press after meeting with the President: “This is my first time in Togo. It is a very beautiful country and I believe that in the...
So much awaited, 4G has been made a reality today, June 11, in Lomé.
This was disclosed in an invitation notice initialed by the director of the regulatory authority for posts and telecommunications of Togo (ART&P).
According to the notice, this Monday, a ceremony for the signing of 4G licenses and the renewal of 2G and 3G licenses with Togo Cellulaire and Atlantique Telecom Togo (MOOV)...
The International Monetary Fund (IMF) office in Togo released May 7th a report on economic outlook for the sub-Saharan Africa region, in the presence of the minister of planning and development, Kossi Assimaidou.
The document forecasts a slight recovery of economies in the region. Economic activity is expected to rise by 3.4% and demography by 2.7-3%.
The timid rise can be attributed both to...
The ministry of agriculture, husbandry and fishery, and Société Togolaise de Karité (Togo’s Shea Corporation) initiated a vast program to pre-finance the shea sector.
According to local newspapers Togo Press, the project will be developed in three regions which are the Central region, Kara and the Savannah region. It aims to boost and protect local shea production against foreign...
From June 5 to 7, 2018, the Office for the Development and Exploitation of Forests (ODEF) held open days to inform the public about its activities over the past 40 years.
During the event, exchange sessions and furniture exhibitions took place. ODEF revealed that so far it has reforested, enriched or developed about 12,000 hectares of State lands.
Between 2013 and 2016, the office indeed...
West Africa’s leading incubator, CTIC-Dakar, which has been appointed by the Togolese ministry of posts and digital economy to conduct feasibility study for a Tech Hub project in Lomé released yesterday the results of this study.
The results’ presentation took place in the capital in the presence of the minister of digital economy, public and private actors, Tech communities, various...
According to data from the Nigerian Ports Authority (NPA), volumes of oil and food products as well as building materials and other goods passing by the port of Lomé to reach Nigerian ports have increased by 181% in 2017.
This is mainly due to the fact that the Togolese port is the only deep-water port of the region and the only one along the West African coast through which goods can be sent...
World Bank’s private sector arm, the International Finance Corporation, promised last Monday a $60 million financing to the Bank of Africa group (BOA).
This facility will be used to cover half of risks on a $120 million loan portfolio targeting SMEs across eight African nations, including Togo.
Half of the funds will be allocated to women-led businesses, and projects fighting global...
Yesterday, June 6, a delegation of the High Authority for Broadcasting and Communication (HAAC) visited headquarters of public media. These are the Togolese Television, Radio Lomé, Togo’s Press Agency (ATOP) and Editogo.
The purpose of this visit was to urge top executives of the media towards more professionalism. HAAC’s president, Willibronde Pitalounani Télou, particularly reminded them...
In line with its mission to support youth active in the ICT sector in Togo, the ministry of posts and digital economy is working to put in place a Tech Hub in Lomé. In this framework, the ministry partnered with CTIC-Dakar to leverage its expertise in the domain.
CTIC-Dakar is a Dakar-based incubator and its management is currently in Lomé to demonstrate that the Tech Hub project is...
Beside the reduction of the cost of construction permit, automation of issuance processes of this permit are the main reforms initiated by Togolese government to improve its business environment and attract investors.
In regards to the permit’s cost, national construction and public works laboratory reduced fee needed for soil survey, for a one/two level warehouse, from Cfa900,000 to...
South Korea will support Togo’s agropole project with its Saemaul Undong initiative which recorded a true success in the 70s.
The news was revealed during a workshop held Tuesday, between Togo’s Prime minister, Komi Selom Klassou, and a Korean delegation led by Lee Seung-tark. “We have discussed with the Prime Minister about Korea’s contribution to the project and we committed to help...
On June 5, 2018, World Environment Day, Ecobank’s executives were at the landfill site of Akepe (near Lomé) to plant trees, in line with their mission to fight desertification caused by poor management of forest resources. Present with the Pan-African bank’s members was André Johnson, Togo’s minister of environment and forest resources.
In detail, two hectares were reforested that day....
All deputies adopted on June 5, 2018, the new land code, thus replacing the former which was passed 40 years ago. This will help resolve the many related conflicts currently pending in court – more than 70% of all pending conflicts to be exact.
The new bill breaks down into 736 articles which set the foundations for a more modern institutional land management framework. With it, it will be...
Works to assess how well Togo is prepared for e-commerce started June 5, in Lomé.
The move aims to promote e-commerce and make it a key to development. It was initiated by the ministry of trade and private sector. The session was led by the United Nations Conference for Trade and Development (UNCTAD) and German cooperation GIZ.
In effect, the session will look at Togo’s readiness to...