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Togo’s ministry of technical education and professional training has initiated last Tuesday, processes to validate the master plan for professional dual education system in the country.
Launched to efficiently tackle underemployment and unemployment, this system combines apprenticeships in a company, at a vocational school or at a teaching school (high school, college). It aims to provide a...
China will provide Togo with CFA8.5 billion, made up of concessional loans and grants, to support development projects in the country.
The related agreement was signed on Feb. 13, 2018, in the presence of China’s ambassador in Togo, Liu Yuxi, and Togo’s minister of economy and finance, Sani Yaya.
According to the ambassador, the new support is attributable to the many efforts made by the...
By 2022, more than 90% of the population and above 95% of companies should, in Togo, have access to broadband internet. This was disclosed by the ministry of digital economy in its 2018-2022 development strategy for the sector.
Be it mobile 3G or 4G networks, landline broadband radio networks or optical fiber (in big towns), the Togolese government intends to put in place the necessary...
In 2016, Togo’s banking sector recorded a net profit of 47 billion CFA francs, a remarkable increase compared to CFA4 billion in 2014. This is shown in a data from the Central Bank of West African States (BCEAO).
In details, losses recorded by the sector in 2016 stood at CFA5.6 billion as against an astounding CFA50 billion the year before.
Also improving were the banks’ total assets value...
The World Bank plans to renew its support to developing countries, for disaster risk management. A decision spurred by the good results recorded under flood forecasts for the Oti River’s Basin, in Ghana and Togo.
The news was disclosed by Koffi Hounkpé, main disaster risk management expert at the World Bank, during a meeting on flood forecasts in the Volta Basin. The Bretton Woods institution...
To boost investment, employment and inclusive growth in its partnering nations, in Africa especially, the European Union has during the last AU-EU summit launched its External Investment Plan (EIP).
On February 12, 2018, the European institution in effect presented this plan to Togolese political and administrative authorities, as well as to economic operators.
On this occasion, Eric Galley,...
After its successful bond issuance on WAEMU’ financial market (oversubscribed at 107%), last Jan. 26, Togo will re-attempt the operation to raise CFA20 billion.
Par value is CFA1 million which should be paid after 12 months. Togo’s treasury plan to issue the fungible bonds at many rates.
Looking at the similarity between the upcoming operation and the one carried out on January 12, 2018,...
From 2011 to 2016, Togo’s coffee output grew from 10,000 tons to 17,010 tons. Over the same period, areas where the crop was grown expanded from 37,768 ha to 40,499 ha while yield grew from 0.26 t/ha to 0.42 t/ha.
According to data relayed by newspaper l’Oeil d’Afrique, the rise has boosted the impact of the cocoa-coffee sector in terms of added value. In effect, in 2016, the sector...
Togo’s Revenue Office (OTR) started today, February 12, a nationwide exercise to sensitize lorry drivers about payment of the tax on road haulers income (IRTR) via mobile (Tmoney).
OTR, in this framework, has teamed up main syndicates, namely the Union Syndicale des Conducteurs Routiers du Togo (UNATROT) and the Union des Routiers du Togo (URT). A round in major bus terminals was organized.
...
Traffic at the Autonomous Port of Lomé (PAL) rose by 59.5% year-on-year, at Q3 2017. This was revealed in a sectoral report for this quarter released last Thursday by the Ministry of Economy and Finance.
From July to September 2017, port traffic reached about 6 million tons (5,751,600 tons),which is a 9.9% increment compared to the previous quarter.
Over the first nine months of last...
Last Friday, a meeting between the Commerce Chamber of Togo (CCIT), experts from the African Development Bank (AfDB) and actors of Togo’s automobile sector took place. At this occasion, the various participants debated the elaboration of a policy for the automobile industry within ECOWAS.
According to CCIT’s president, Germain Meba, the meeting was in line with the process aimed at...
At the end 2016, WAEMU’s automated processing and settlement system (STAR-UEMOA) had 118 participants, with four new comers, two from Togo. The latter are Coris Bank and Société Générale Togo. This was revealed in the latest annual report of the Central Bank of West African States, obtained by Togo First.
According to the document, intra-WAEMU transactions stood at CFA26,272 billion...
The 2018 edition of the Female TechCamp will be held in April-May. This was announced by the event’s promoter, the E2C TOGO association.
Registration to the camp have already started. While it will occur in May in Lomé, in Kara, it will be the month before (April). This edition will give young girls a new chance to fully dive into the tech world. The event targets mainly high school students,...
Soon, the college of agronomy overseen by the Univeristy of Lomé will have its tech hall renovated. Related works fall under the additional phase of the Programme for Agricultural Productivity in West Africa –Togo Project (PPAAO-Togo).
The programme is financed by the International Development Association and spearheaded by the ministry of Agriculture, Husbandry and Water, which is the...
In Togo, the government’s operation to improve public finances started at the beginning of 2017, and aiming to bring debt down to a bearable level, should bear fruits this year. According to Coface’s report on the country’s economy, “public debt should continue decreasing to stand below the WAEMU’s standard”, namely 70% of GDP.
At the end of 2017, public debt was at 77.3% of...
Last Tuesday, the 57th general annual meeting of the Inter-African Coffee Organization (IACO) came to an end. It was held in Grand-Bassam, 43km East of Abidjan, Côte d’Ivoire.
The meeting which opened a day earlier was placed under the theme: “Developing a sustainable coffee sector towards the emergence of Africa’s economy”. It regrouped 26 countries which discussed various ways to...