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The African and Malagasy Robusta Coffee Agency (ACRAM) will open its training center, the Acram Coffee Academy.
This was decided during the Agency’s 9th ordinary general assembly recently held in Lomé. The talks focused mostly on ways to revamp the Robusta coffee industry in Africa, as it greatly suffered from the Covid-19 pandemic.
Overall, “the resolutions adopted at...
Togo’s minister of finance, Sani Yaya, ended his mandate as chairman of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID). He has been replaced by Benin’s minister of finance, Romuald Wadagni.
Yaya was appointed as president of the Board a year ago amid the rise of Covid-19 in the region, and as ECOWAS member States were implementing efforts to support...
At the end of last week, Togo signed the statute of the Labor Center of the Organization of Islamic Cooperation (OIC), at the latter’s headquarters in Jeddah, Saudi Arabia. The document was signed by Abdel Nasser Fofana, interim general consul in Togo, in the presence of OIC’s secretary-general, Youssef bin Ahmed Al-Otharimeen, and the Assistant Secretary-General for Economic Affairs, Ahmed...
Last week, the International Finance Corporation approved a $20 million loan for Daybreak Power Solutions, a subsidiary of Daystar Power Group. The monies should facilitate the expansion of the Nigerian hybrid solar power supplier in Togo and two other countries in the sub-region.
In detail, the facility “consists of a $10 million loan in the local currency (ed.note: naira), provided...
The French embassy in Togo recently announced it would invest between CFA20 to 40 million in 10 projects that will benefit young entrepreneurs and women. A call for projects, whose first phase will end on May 21, 2021, was launched to this end.
The funds, which will be disbursed in the framework of the Innovative Projects led by the Civil Society and Actors’ Coalitions (PISCCA), should help...
Badanam Patoki is the new chairman of the Regional Council for Public Savings and Financial Markets (CREPMF). This was disclosed on the official website of the regulator of WAEMU’s debt market.
Patoki, who was until April 29 the secretary general of the Togolese ministry of economy and finance, takes over from Senegalese Mamadou Ndiaye whose three-year term came to an end. The...
Togo spent the equivalent of $116 million (about CFA63 billion) - 2% of its GDP - on military expenditures in 2020. This is according to a ranking by the Stockholm International Peace Research Institute (SIPRI), published on April 26. The ranking is dominated by North African countries, with Algeria, Morocco, and Egypt leading. In the sub-Saharan region, South Africa, Nigeria and Kenya...
Togo now has a national strategy to boost exports to other African countries. This is as African governments are doubling down on efforts to effectively implement the African Continental Free Trade Area (AfCFTA).
On April 29, 2021, Togo’s minister of trade, Kodzo Adedze, made a presentation on the newly adopted strategy. It was during the council of ministers held that...
Last Friday, Togo recorded another successful bond issuance on the regional money market, the WAMU securities market.
The operation, an issue of recovery bonds, was oversubscribed at 262% according to the WAMU securities agency. Indeed, the country raised over CFA52 billion but it will retain only CFA22 billion - the amount it was initially targeting.
The monies will be used by the...
To end speculation in the real estate sector, the Togolese government plans to regulate residential leases. In this framework, a draft decree was examined last Thursday at the Council of Ministers.
Lomé in effect wants to set procedures relating to rental agreements, setting a price ceiling on both the security and damage deposits tenants must pay. According to the government, this...
Timeless Capital Technology, the cryptocurrency fintech set up by former Togolese international soccer player Donaldson Sackey, has a new investor. His name is Änis Ben-Hatira, a Tunisian soccer player who has played many years in the Bundesliga.
The investor’s decision was driven mostly by the growth potential of Timeless Capital Coin, the cryptocurrency created last September by the...
On April 28, 2012, the Togolese government initiated in Lomé the elaboration of a national policy to integrate ICTs into education.
The document aims to promote digital education in a context where the Covid-19 pandemic has forced Togo’s public universities to start their transition to e-learning. The policy’s elaboration also aligns with the nation’s ambition to become a digital...
In Togo, the Ministry of Economy and Finance appointed AfricSearch to gather a group of experts, high-level and junior executives, with different specialties and who operate across various fields. The recruitment aligns with the World Bank's Economic Governance Support Program (PAGE) in the country.
In detail, the recruitment is aimed at bolstering the strategic and operational...
To prepare its upcoming executives to better tackle its challenges, Gozem launched the Graduate Training Program in Togo and Benin. The initiative, which runs for two years, targets a dozen young graduates holding a masters’ in business administration, teaching them everything about the startup’s activities and reinforcing their skills.
“The Graduate Training Program aims to recruit our...
Lomé currently hosts the 9th ordinary general assembly of the African and Malagasy Robusta Coffee Agency (ACRAM), an international association gathering private and public actors of this sector. The event will end on April 30, 2021.
Besides representatives from the ACRAM’s 12 State members, other participants present at the roundtable include representatives of the World Bank, the...
Today, Togo celebrates its 61st independence anniversary. To commemorate the day the country’s first President Sylvanus Olympio declared its independence, a large military parade, preceded by a ceremony of taking up arms, took place this morning at the Place des Fêtes of the Presidency.
The parade was held in the presence of President Gnassingbe, members of the government, and...