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Oragroup, holding of banking group Orabank, which is present in 12 African countries, Togo included, just confirmed it got €40 million from the Islamic Corporation for the Development of the Private Sector (ICD). This was in the framework of an agreement signed between the two institutions in December 2017.
The funds which will be dispatched to various subsidiaries of the group such as...
Situated 450 km from Lomé, the Institut des Métiers de l’Agriculture (Institute of Agricultural Professions - ISMA) of the University of Kara officially opened on March 12, 2018. This institution will help promote agribusiness in Togo, training individuals in agricultural professions turning them into skilled professionals.
Various courses that will be offered by ISMA include animal health,...
At the end of February 2018, World Bank approved a new programme to help Togo meet standards of the Initiative for Transparency in Extractive Industries (EITI).
In effect, the institution will inject $300,000 (about CFA160 million) in the programme which is steered by Morten Larsen, Mining Specialist of the World Bank, who knows West Africa very well.
The new facility comes after another...
After recently taking part in the International Solar Summit (ISA) in India, Togo secured a financing of $40 million from India. This facility will be injected in a project for rural electrification via PV solar kits.
This was disclosed by Thièm Bolidjia, Managing Director of Togo’s agency for rural electrification and renewable energies, who was part of the delegation that followed the...
Indian firm Ping Pong Global which supplies furniture and construction material to hotels, restaurants, school and universities, among others, will build in Togo a high-class hospital.
Signing ceremony for the project’s memorandum of understanding was presided by Togolese minister of mines and energy, Marc Ably Bidamon, on behalf of his peer from the ministry of health, and Managing Director...
In 2017, Togo exported 246 tons of cashew nuts to US, up 53% compared to 2016, Commodafrica reports quoting an n’kalo newsletter from the nitidæ association (former RONGEAD).
While volumes of cashew nuts it exports to US soared over the period considered, Togo has exported less to Europe. Indeed, it sent 118 tons of cashew to the Old continent in 2017, down 38% compared to the...
So far, only 2% of Niger’s exports transit via Lomé’s Port. However, the port’s authorities, in collaboration with business operators from Niger, intend to increase this figure to 5%.
To this end, many measures should be implemented, according to Fogan Adegnon, Managing Director of the Autonomous Port of Lomé.
Amongst these, improving passage across Burkina corridor and opening the...
After Téolis, internet service provider GVA (Group Vivendi Africa), subsidiary of French group Vivendi which specializes in communication and entertainment, should begin operations in Togo by the end of this month. This was revealed by Togocel’s Managing Director, Affoh Atcha-Dédji, in an interview with L'Afrique Aujourd'hui.
“In Togo, we are transforming telecom sector to make it open and...
In Lomé, the single desk for youths and businesswomen is now operational. The desk was established March 6, 2018, at the Togolese Revenue Office (OTR), according to a joint statement released on March 12, 2018 by the ministry in charge of grassroots development and ministry of economy and finances.
The institution’s creation is in line with the President’s concern regarding easy access to...
Under the aegis of the minister of trade and private sector promotion, Bernadette Essossimna Legzim-Balouki, open houses at the Société d’Exploitation du Guichet Unique pour le Commerce Extérieur au Togo (SEGUCE-TOGO) begin Today and will end on March 15, 2018, at the firm’s headquarters.
The event is scheduled as follows: on March 13, SEGUCE’s top executives will be introduced just...
Aiming to raise CFA60 billion with the “TPTG 6.90% 2018-2023” bond it issued between the end of 2017 and the beginning of 2018, the Togolese government was able raise FCFA61.8 billion through this operation which was arranged by Dakar-based CGF Bourse. This was revealed in a press statement available on the web page of the Togolese ministry of economy and...
Togocel, leading mobile operator in Togo, will launch 4G at the end of April 2018. This was disclosed by the firm’s MD, Affoh Atcha-Dédji, Afreepress reports.
This comes after a similar move by Téolis last month.
Togocel, which detains 70% of mobile market’s share in the country, indicates that launching the technology falls under its strategy aiming to provide broadband of quality and...
After recording a negative inflation (-0.8%) in 2017, level of prices should rise in 2018, according to data obtained by Togo First from institutions like BCEAO, World Bank and Ecobank.
Indeed, this level should increase by 1.2%, Ecobank’s experts said.
As for BCEAO, it states that inflation rate was -0.1% at end-January 2018, year-to-year, and -1.6% in December 2017 (year-to-year still).
On...
Nine days. That is how many days, on average, was needed to complete property transfer in January 2018. Abbi Toyi, director of cadaster and domain affairs (DADC) said in an interview with Togo First on Friday March 9.
According to a document provided by his office, transfer requests are processed in 1-21 days, but much more between 3-8 days.
The feat can be attributed to the reinforcement of...
Under the restructuring process started January 11, 2018, the government of Togo, during a ministers’ council held on 7 March 2018, proceeded to six new appointments within the ministry of economy and finances.
Agbenoxevi Kofi Paniah and Ayélé Datti, both finance administrators, were respectively appointed national head of financial control and head of public debt and financing.
Lida Amen...
On March 7, 2018, the Karité Togo label was launched under the aegis of the Ministry of Agriculture and Husbandry in partnership with SOIF Togo Foundation and Société Togolaise de Karité (STK).
This project aims at reviving the shea butter sector by betting on its processing into various derivatives, and in the long run exporting.
It also falls under the government’s strategy to reduce...