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Registrations for the next Neofarming Africa contest have been open since last Thursday. The previous edition of the contest was won by a Togolese, Dodji Ognankitan.
Businesses that are active in the agriculture and agribusiness sectors and interested in developing innovations or have promising projects can submit, until November 20, their projects via the new platform dedicated to the...
UNDP Togo wishes to have a cooperation framework with the Togolese private sector. The ambition was expressed by the institution’s resident representative, Aliou Mamadou Dia, as he met with the head of the National Employers’ Council (CNP-Togo), Laurent Coami Tamegnon, last week.
The framework should serve as a platform to discuss issues the sector faces and recommend...
The World Bank approved last Wednesday the disbursement of CFA145 billion for the Lomé-Ouagadougou-Niamey corridor.
Half loan, half grant, the facility will allow Burkina Faso to develop the smart corridor project which it steers through the deployment of an integrated information system. The funds will also be used to build community infrastructures to boost the resilience of people...
Agence Togo Digital (ATD) is the name of the agency that the Togolese government will soon set up to coordinate all its digital projects. A draft bill for its creation, organization, and operation was examined and adopted last Wednesday, during the council of ministers.
The new agency will back the government in the implementation of its digital projects - projects that concern 75% of the 5-year...
Togo’s President, Faure Gnassingbé, met with Shelter Afrique’s CEO, Andrew Chimphondah, last Thursday. Just after the meeting, Chimphondah said the firm would send to Lomé a technical team for the effective launch of its social housing project in the capital.
The project falls under a public-private partnership inked by the State and Shelter Afrique last March.
“We talked about the...
Togo expects its real GDP to grow 6.1% as the economy recovers. The forecast, written in the 2022-2024 multi-year economic and budgetary planning document (DPBEP 2022-2024), was discussed on Sept. 30 by deputies during a budget orientation debate.
The projection beats the 4.8% growth expected for 2021, and last year’s estimated growth of 1.8% as the country was hard-hit by the Covid-19...
Anyone who wants to access Lomé’s airport must show a Covid vaccination pass or a negative PCR test dating back less than 72 hours, effective next week.
The announcement was made by Col. Dokissime Gnama Latta, Director of Société aéroportuaire de Lomé-Tokoin (SALT), in a note issued on September 29, 2021.
“Effective Monday, October 04, 2021, access to the terminal is contingent...
In Togo, the provision relating to the declaration of property and assets will apply first to members of the government. Prime Minister Victoire Tomégah-Dogbé, during the council of ministers held last Wednesday, urged ministers to get ready to comply with the procedure.
Togo is the third country in the WAEMU to have earned the most from privatizing its companies - $104 million or CFA58 billion (for 78 firms). According to Kapi Consult, which disclosed the information, Togo comes behind Côte d'Ivoire and Senegal.
The first two raised $423 million and $217 million by privatizing 82 and 75 companies, respectively. Right behind Togo is Mali,...
Energy Generation, an incubator based in Lome, is launching an entrepreneurship excellence program for women only. The Wenyonu program as it is called will teach Togolese women solar entrepreneurship to empower them.
In this framework, the incubator issued this month a call for registration to select 80 women across Togo’s five economic regions. Selected applicants will be trained as technical...
Togo will keep introducing business-friendly reforms regardless of the discontinuation of the World Bank’s Doing Business report. Sandra Ablamba Johnson, minister secretary-general in charge of business climate, made the statement on Sept. 28 in an interview.
“The report’s discontinuation won’t have any impact on the reforms’ dynamic,” she said. Johnson explained further saying the...
Togo First presents the 2020 ranking of banks operating in Togo, by assets, deposits, and loans.
With a total balance sheet of CFA710 billion, Orabank kept its position as the leading bank in Togo in 2020. It came far ahead of the runner-up Ecobank (CFA462 billion).
Orabank, which is headed by the Cameroonian Guy Awona, is also the country’s first lender, with outstanding loans valued...
Pan-African Airlines Asky announced it will, starting next Oct. 1, increase flights to most of its destinations. This is part of the company’s efforts to improve its connectivity across the continent.
Asky, which is based in Lomé, will fly every day to Abuja, Bamako, Conakry, Monrovia, and N’djamena. It will serve Accra on Mondays, Wednesdays, Fridays, and Sundays.
According to the...
Wave International, a mobile money operator, will soon start operating in Togo. The firm, to this end, recently launched a tender to recruit staff in Togo and other countries.
In 2019, a delegation from the operator had met in South Africa with Togolese President Faure Gnassingbé. On that occasion, the firm told the leader it wanted to set up offices in Togo.
Gilles Assouline, MD Wave...
Tourist arrivals in Togo were down by 49.1% last year, compared to 2019. The drop was reported by the minister of tourism, Kossi Lamadokou, today, the 42nd World Tourism Day.
In detail, the arrivals plunged from 946,376 to 481,706 due to Covid-19 (health restrictions and the shutdown of the airport). This pulled down tourism revenues by 64% - from CFA53 billion to CFA19 billion.
According to...
The Islamic Development Bank (ISDB) will spend $20.5 million (CFA11.3 billion) to advance rural electricity projects in Togo. The news was announced by the Bank on Sept. 26, after its board met.
The projects - which involve mini solar panels - aim to “improve human development by providing a sustainable supply of electricity to rural people in Togo who live in dense and sparsely...