Search
Page : 72 - Results of 1137 to 1152 from 5862 Results
Pan-African technology firm CSquared raised $25 million this month to reinforce and expand its footprint in Africa where it operates. The firm announced it raised the funds from new and old shareholders. These include Convergence Partners Digital Infrastructure Fund (CPDIF), the International Finance Corporation (IFC), and the International Development Association Private Sector Window (IDA...
Togo could soon secure $200 million from the World Bank for the Improved Digital Access and Electricity Access Project (IDEA). The latter aims to boost access to the internet and power in the country.
In case it comes through, the $200 million financing would be the biggest Togo ever received from the World Bank.
According to someone familiar with the matter, a deal could...
Equal access to sustainable energies is a major issue in Africa. That is the opinion of Togolese President Faure Gnassingbé. The West African leader made the claim last Monday, at the G20 Compact with Africa Summit (G20-CwA) in Germany.
Gnassingbé cited rising demand for clean energy, demographic pressure, and insufficient production infrastructure as factors exacerbating Africa’s...
At the third Intra-African Trade Fair (IATF2023), Vista Group secured a $275 million loan from the African Export-Import Bank (Afreximbank). The funds will help Vista Group acquire 61.4% of Oragroup, the Lomé-based lender.
The funds will be provided in two installments. The first, €140 million, will go to Ora SPV, a special fund set up by Vista Group to buy the stake. The second...
Lomé is hosting a workshop on anti-laundering and terrorism financing in the ECOWAS, Sao Tomé, and Comoros. Organized by the Intergovernmental Action Group against Money Laundering in Africa (GIABA), the workshop began on November 20. It ends on November 24.
The meeting has gathered representatives of financial intelligence units, criminal investigation and prosecution authorities, judicial...
Togo seeks a firm to take on the Aléhéridè-Kpaza-Tchamberi road project. The Ministry of Public Works just launched an international tender in this framework.
According to the tender notice published in the national daily, the hired firm will conduct right-of-way clearance, earthworks, pavement laying, and surfacing, as well as set up public lighting. The deadline for bid submission is...
Togo will host Artificial Intelligence Week (AIS) in March 2024. Announced on November 19 in Lomé, the event will be organized by CONIIA-Togo, the Togolese branch of the Conseil International pour l'Intelligence Artificielle, and Human-AI, a structure specialized in the development of new technologies
Scheduled from March 19-24, 2024, the SIA will gather Togo’s AI stakeholders. They...
In Togo, the Sokodé bypass project has reached a new milestone and should start soon. The government sealed a deal to this end last week, with the Japanese Cooperation Agency (JICA). The deal, for a CFA16 billion grant, was signed on November 17, by Togo’s Minister of Public Works, Zouréhatou Kassah-Traoré.
Commenting on the funding, the Japanese ambassador to Togo, Katsuya Ikkatai, said it...
Togolese President Faure Gnassingbé is currently in Berlin, Germany. The leader takes part in the 4th G20 Compact with Africa Summit (G20-CWA). Gnassingbé was invited by Chancellor Olaf Scholz.
The Summit aims to bolster economic cooperation between Scholz’s country and Africa. It gathers African presidents, German investors, as well as World Bank and IMF representatives.
At the event,...
Public-private partnerships and States’ contribution to these partnerships are essential for Africa’s development. Togolese President, Faure Gnassingbé, underscored the importance of this partnership last Wednesday, at the opening of the African International Summit (AFIS).
"Development is mainly driven by private sector financing, the dynamism of fintech, dynamic agricultural and...
AFIS Summit: Sani Yaya recommends securitization as an alternative tool to finance African economies
Securitization is an alternative for financing African economies. Sani Yaya, the Togolese minister of finance, expressed this view last Thursday, on the final day of the African Financial Industry Summit (AFIS) in Lomé.
Yaya stressed that securitization is indispensable, for the development of businesses, financial institutions, and government projects.
He added that Togo is a pioneer when it...
The Organization of African, Caribbean, and Pacific States (OACP) and the European Union (EU) signed a new cooperation agreement last Thursday, Nov. 16. Inked in Apia, Samoa, the new deal defines the new global legal framework for relations between the two parties for the next 20 years. It substitutes the Cotonou agreements signed in 2000.
Finalement , c est fait. Après des mois de...
Germany will provide €20 million to back sustainable projects in Togo. The deal was inked on November 16, by the Togolese ministry of decentralization and the German development bank KfW.
Set to extend over the next four years, the financing will help improve public services in three regions: Kara, Plateaux, and the Central region.
According to Hodabalo Awaté, minister of...
Togolese authorities collected CFA729 billion in taxes and duties in the first three quarters of 2023. The country’s general directorate for budgeting and finance revealed the figure in a report "Rapport d'exécution du budget de l'Etat exercice 2023 situation à fin septembre".
While the amount is about 20% less than the authorities had expected to collect over the period–CFA912...
Togo will host the 18th edition of the International Fair of Lomé next week, from November 22. Placed under the high patronage of President Faure Gnassingbé, the event ends on December 3, 2023. "Connecting markets for strong trade growth" is the theme of this year’s edition.
"This theme is an avenue for strengthening economic ties between participating countries and sparks better...
The African Guarantee Fund (AGF) will provide Lomé-based Ecobank with additional support to better finance African SMEs. The two recently signed a $200 million risk-sharing agreement in Lomé to this end. The deal was sealed this week during the Africa Financial Industry Summit (AFIS).
The new agreement bolsters the partnership between the two pan-African institutions.
"Our strengthened...