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Togo inaugurated its first public transport observatory (OTT) last Tuesday. The building which was offered to the ministry of transport by the European Union (EU) cost CFA200 million.
The EU also equipped the facility (over CFA10 million spent) and bought two pick-up vans (CFA46 million) for the personnel.
The new observatory will assess any activity related to transportation of travellers and...
Gustav Bakoundah is a Togolese who produces and processes fruits and oleaginous products. Last Sunday, he received the World Quality Commitment (WQC) award, from the Business Initiative Directions group (BID).
According to the BID, Bakoundah, Managing Director of Label d’Or, owes the award to his commitment to having quality products, and boosting his production in an innovative way.
“For...
The first edition of the Togo-Morocco business forum could happen next year. The topic was discussed Tuesday in Lomé by the Moroccan ambassador, Rachid Rguibi, and Victoire Dogbé, Togo’s PM.
The event could happen depending on how the Covid situation evolves, said the two figures.
In their opinion, the projected forum would help boost cooperation between the two countries....
Nearly 800,000 tons of waste have been buried at the Centre d’Enfouissement Technique (CET) of Aképé (about 20 km north west of Lomé) in the past three years. This, according to the Autonomous District of Grand Lomé (DAGL) in charge of the CET, cost the district CFA1.6 billion.
In detail, each ton of waste buried is charged by the operating company at CFA5 431. Over the period...
Two days ago, a delegation from the European Investment Bank (EIB) started in Lomé a mission to explore financing opportunities available in Togo. The initial meeting held in this framework was chaired by the Togolese Prime Minister, Victoire Tomegah-Dogbé. According to her office which disclosed the information, several Togolese officials were also there to present some of the country’s...
The US gave Togo 301,860 doses of Pfizer vaccines last Friday. This makes a total of 909,090 doses that the African country has received from the economic powerhouse so far.
The new batch, provided under the Covax initiative, was received by the Togolese minister of health, Moustafa Mijiyawa. It aligns with a commitment made by President Biden to help developing nations face the Covid-19...
Yesterday, November 15, Gozem launched its Graduate Training Program which will be carried out over two years. The program has commenced with four young masters’ degree holders.
Through the program, the Uber-like company will provide online and physical training sessions to its future managers. Overall, nearly 500 courses will be set up to train marketing experts, business developers, delivery...
Togo won the Creativity awards at the 7th edition of the SITA, an international exhibition of African textiles. The event was held in Djibouti from November 10 to 13, 2021.
The country competed against 33 others for the award. It was recognized to have the most attractive and innovative stand.
The SITA promotes Africa’s textile products and industry. The Togolese delegation took part in the...
Togo should record economic growth of 6.1% next year, according to its government. The figure was disclosed last Friday, after the council of ministers which focused mainly on the 2022 budget.
The forecast aligns with the post-Covid recovery started by the country this year. Indeed, economic growth in 2021 is expected to stand at 5.3%, against 1.8% in 2020.
Lomé is also optimistic...
Togo will dedicate CFA493.3 billion to social sectors out from its total budget for 2022. The figure is written in the budget draft bill that was validated last Friday, by the ministers’ council.
Next year the country will thus allocate an increased 10.8% to social sectors than it did under the 2021 budget - knowingly CFA445.1 billion.
Succintly, 151.6 billion will be made...
Companies that handle road construction and expansion works in Togo’s rural areas could soon get contracts faster. The related suggestion was made by the Minister of rural roads, Bouraima Kanfitine Tchédé-Issa, during the latest council of ministers.
“This sector faces great challenges in regards to the time taken to complete projects, notably because it is impossible to work during the...
Moroccan group Bank of Africa (BOA) will spend CFA40 billion to support the private sector in 15 ECOWAS States. The funds - a credit facility - will be provided to the ECOWAS Bank for Investment and Development (EBID) which is based in Lomé, Togo.
BOA and EBID signed the related partnership agreement last Wednesday in Lomé. The credit facility concerns the trade and industry...
On Thursday, the Togolese parliament adopted, unanimously, the 2021 amended finance bill which increased the State budget from CFA1,521 billion to CFA1,702 billion, up 11.9%. The amendment is attributable to economic conditions that were more favorable than the government had expected for this year.
"After budget analysis, it appears that despite the persistence of the coronavirus health crisis,...
During a meeting held this week, the ministry of trade, representatives of the African Development Bank (AfDB), and a group of Togolese businesswomen (Nana Benz) agreed on a few measures to take to improve women-led entrepreneurship in the country. These include ways to boost women’s access to financing, boost their capabilities for entrepreneurship, secure logistics, receive cash transfers,...
Togo will attempt to raise CFA50 billion on the regional money market, UMOA Securities, throughout this month. It will issue recovery bonds with a nominal value of CFA10,000.
The issue - the first this quarter, given that Lomé canceled those scheduled in October - is set to close on November 19. The securities issued will mature over 180 months (15 years), and they have an interest rate...
The Togolese minister for investment promotion, Rose Kayi Mivedor, is currently in Rwanda where she is meeting local officials and investment actors.
Midevor on Tuesday met with Béata Habyarimana, the Rwandan minister of trade and industry. The two officials talked about common interest topics.
The following day, the Togolese minister visited the Rwanda Development Board (RDB), which is...