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Togo will expand the production capacity of its Blitta PV plant (located 260 km from Lomé), by 30MWp. UAE-based AMEA Power will finance the extension, in line with a deal it signed with Togo on December 2, 2023, in Dubaï. The deal was signed on the sidelines of the ongoing COP28 summit.
Besides the added capacity, AMEA will provide the plant with another battery with a minimum storage...
The West African Development Bank (BOAD) launched its Climate Evaluation Fund (CEF) on December 4, 2023. Through the Fund, the Bank will boost financing in green projects across the WAEMU States. The new vehicle was launched in Dubaï, UAE, on the sidelines of the COP28.
On the same day, the BOAD secured a €15 million subsidy package from the French Development Agency (AFD). The...
Agence Française de Développement (AFD) will pump about CFA35 million into nine (9) environmental projects in the Greater Lomé District, Togo. The sports associations and federations behind the projects were revealed last Wednesday by the Autonomous District of Greater Lomé (DAGL).
The projects, filtered through a call for projects, aim to get the people of all 13 communes of the Greater...
The Togo-Kazakhstan cooperation will be 10 years old in 2024. Ahead of the anniversary, the leaders of both countries recently met in Astana, Kazakhstan.
The two presidents, during the meeting, talked about boosting cooperation between their countries, on the political, commercial, economic, cultural, and humanitarian fronts, especially.
"We have enormous opportunities to give new...
Togo recorded an inflation rate of 6.0% in October 2023, against 6.2% the month before. The data was published by the country’s Institute for Statistics, Economic and Demographic Studies (INSEED). The general price level in October decreased by 2.0% compared to July 2023, quarterly. This is mainly due to the regression of the "Food products and non-alcoholic beverages" consumption function...
Togo’s President Faure Gnassingbé has been in Dubai since November 29 with many other world leaders for the ongoing COP28 summit. The event started on November 30 and will end on December 12, 2023.
As soon as he arrived, Gnassingbé met his Emirati counterpart, Sheikh Mohamed Bin Zayed El Nayan. They reviewed their countries' bilateral relations and discussed possible cooperation...
BOA Togo, a subsidiary of the Bank of Africa Group, recently announced a CFA15 billion financing to empower local businesswomen. The lender inked last Wednesday, Nov. 29, two partnership agreements with two associations: The AFCET and LIM IMPACT.
The AFCET regroups Togo's women entrepreneurs while LIM IMPACT promotes equal opportunities for the Togolese youth and women.
The AFCET...
There has been a major change in the shareholding of Netis Group, the telecom group that provides fiber optic for Canalbox (GVA) and Togocom in Togo.
Netis’ majority stakeholder, Enko Capital, confirmed it sold its stake in the group to a consortium of investors. The latter include Amethis, the investment fund connected to the Rothschild family, Africinvest, the equity firm, and other big...
Togo hosted the 37th session of the Enhanced Integrated Framework (EIF) Council this week. The meeting focused on the program’s implementation in participating countries.
The EIF was created in 1996 to help least-developed countries implement trade-related projects. Among others, it finances high-potential commodity chains such as soy, shea, and cashew nuts. Togo joined the...
Togolese President Faure Gnassingbé was in Astana, Kazakhstan, on an official visit on November 28. There, he met his counterpart Kassym-Jomart Tokayev, and the two discussed bolstering the bilateral cooperation between their countries.
The two states will, concretely, enhance their economic relationship, focusing on the mining, digital, cultural, and agricultural sectors.
Gnassingbé...
The Kara University launched an online course on volunteering and citizenship on November 27, 2023. The project was launched in Kara, in partnership with the Togo Volunteer Agency (ANVT).
The course includes three modules: civic engagement; volunteering and development; and equity, gender and inclusion. They will be delivered in hybrid mode.
According to the two partners, the project aims...
Lomé hosted on Monday, Nov. 27, a B2B meeting between some major German firms and young Togolese entrepreneurs. The German side regrouped representatives of big companies, like Bosch and Siemens. With the Togolese side, they discussed opportunities for investments and partnerships. The meeting was organized by the Togo Chamber of Commerce and Industry (CCI Togo) and the United Nations Industrial...
A delegation of Togolese private and public economic operators and German business leaders from the Groupement Mittelstand BVMW held a mini-business forum in Berlin on November 21. The meeting took place on the sidelines of the fourth G20 Compact with Africa Summit.
At the mini-forum, the Togolese side, which was led by the Ministers of Trade and Energy, Kayi Mivedor and Mila Aziablé,...
Togo's President, Faure Gnassingbé, expects the country’s next elections to be held “no later than the end of the first quarter of 2024”. The deadline was disclosed last Saturday, Nov.25, at the Council of Ministers. The meeting’s focus was the progress of preparations within the Independent National Electoral Commission (CENI), in particular the finalization of the electoral roll,...
Togo was represented by eight startups at the Tech Africa - Europe Emerging Valley summit, held in Marseilles, France, on November 27 and 28. The firms are Anaxar, a mobility and transport startup, Semoa, a fintech, Makifaa, an image management company, Clinicaa, a healthcare startup, G-Avicole, Ego Transfer, Suisco, and Trankyl. These players represent a wide variety of fields, from logistics...
KYA-Energy Group, a Togolese manufacturer and seller of solar-powered appliances, sealed a partnership deal with Ecobank on November 27. Under the agreement, KYA-Energy will make its Kya-sop solar-powered generators available to Ecobank clients. The deal was sealed on the sidelines of the 18th Lomé International Trade Fair.
In detail, the deal will enable eligible clients (businesses) to secure...