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The Adetikope Industrial Platform (PIA) authority is looking to buy teak wood from loggers operating across the country. The information was disclosed in a statement made available to Togo First.
Since it is now forbidden to export sawn timber in its raw and semi-raw forms in the Republic of Togo, the PIA is offering to purchase available teak wood stock from loggers, the statement reads....
Togocom, a telecom operator and Togolese subsidiary of the Malagasy group Axian, has partnered with RightCom, a startup specialized in the development and provision of experience management software.
RightCom, which is present in Nigeria, Benin, Ghana, and Ivory Coast, will help TogoCom automate its customer experience management and develop new tools to bolster this...
The highest outflows of FDI from Africa in 2020 were from Togo: $931 million (over CFA512 million).
The figure was disclosed in UNCTAD's recently released World Investment Report 2021.
Compared to 2019 where they stood at $43 million, outflows from Togo were up by 2,073%, with most of the investment directed to other African countries.
"For example, Afrik Assurances...
The United Nations Development Program (UNDP) will spend CFA50 million to set up two cassava production and transformation facilities in the villages of Tokpo and Atigbe.
The project will empower the women of these communities and foster local development, said Aliou Dia, Resident Representative of the UNDP in Togo. Dia, who talked with the women, added that they are having great issues in...
Foreign direct investments (FDI) to Togo soared from about CFA191 billion ($346 million) in 2019, to over CFA352.5 billion ($639 million) in 2020.
The increase (+85%), the UNCTAD said in its World Investment Report 2021, was mainly driven by investment from other West African countries, mostly in the cement sector.
“A key project was a $100 million plant for building...
President Faure Gnassigbé inaugurated Tuesday the Blitta solar plant. The Sheikh Mohamed Bin Zayed solar plant, as it has been named, was built by AMEA Togo Solar, a subsidiary of AMEA Power.
The plant has a capacity of 50 MWp and is equipped with more than 5,000 solar panels. According to the Togolese authorities, it should generate around 90,255 MWh per year, and supply...
A Commonwealth delegation is in Lomé for an evaluation mission, in line with Togo’s ambition to join the community. The members of this delegation will first meet with Prime Minister Tomegah-Dogbe, then with civil society organizations, the media, and political parties.
Togo has been wanting to join the Commonwealth since 2014. “The Commonwealth is a two billion consumer market....
The International Development Association (IDA) will provide an additional financing of $36 million (about CFA20 billion) to Benin and Togo, to help them combat coastal erosion. The disbursement was approved on June 21 by the World Bank.
Togo will use its share of the funds to continue implementing projects that protect its coast. These include “the construction and extension of...
Gal Yark Damehame, Togo’s minister of security and civil protection, is currently in Turkey on a four-day official visit. The official, who arrived last Sunday, is on a mission to improve cooperation between Togo and Turkey.
Damehame was preceded earlier this month by Robert Dussey, the minister of foreign affairs, who met with Turkey’s Minister of national defense.
The...
The Eco, the projected currency of the ECOWAS, should become a reality in 2027. This date was set in the new roadmap for the single currency recently adopted by the Authority of the ECOWAS Heads of State and Government.
The leaders, who were holding an ordinary session in Accra, Ghana, adopted a new convergence and macroeconomic stability pact to ensure that the Eco is effectively used six...
Next month, Togo’s Prime Minister Victoire Tomégah-Dogbé, government members, and private sector representatives will attend the first Africa-France-Europe Summit on Corporate Social Responsibility. The news was reported by the Ecofin Agency.
The event will regroup more than 150 participants who will discuss the new relationship between Africa, France, and Europe, in many areas, with an...
On June 17, the Togolese parliament unanimously passed the bill relating to the reform of the goods and asset declaration procedure.
The new bill facilitates the declaration, allowing actors concerned to only fill a form, online and physically, that will be submitted to the Mediator of the Republic.
Regarding the declaration basis, the minimum single fee which was supposed to be...
Last Thursday, Vliet Automotive Togo supplied 11 MAN trucks and 11 SCHMITZ CARGOBULL trailers to the hauliers of Brasserie du Bénin (BB Lomé). The provision of the equipment, worth CFA700 million, is part of a strategy to renew the brewer’s commercial fleet.
Keys of the vehicles were given to the hauliers in Lomé (where Van Vliet is based) by African Lease, the lessor that financed...
In the past three years, Togo’s néré seeds output rose from 110 t in 2018 to 126 t in 2020. The figure was reported in a study conducted by the FAO and the Agricultural Statistics, Information and Documentation Directorate (DSID).
According to this study, the earnings of actors operating individually in the sector rose from CFA42 million in 2018 to CFA79 million last year. As for those...
The government plans to amend the chart of micro and medium-sized enterprises, to make it match the current economic and social context more. This was discussed during this week’s council of ministers, held on Wednesday.
“Due to the challenges preventing a true expansion and growth of the people’s entrepreneurship capacities, it became necessary to amend the existing chart to...
From October 5 to 7, this year, Lomé will host the Rencontres Africa summit, a gathering of French investors and African economic operators.
This was disclosed yesterday by the event’s general commissioner, Marc Hoffmeister, in the presence of Jocelyne Caballero, France’s ambassador to Togo, Laurent Tamegnon, president of the national employers’ council of Togo, and Rose Kayi...