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On April 26, President Faure Gnassingbe cut the ribbon on the Kekeli Efficient Power plant, three days behind the initially scheduled date.
The ceremony marks the industrial launching of the first production phase of the project, under which 47 MW will be generated (open cycle).
In effect, a 47 MW gas turbine (Siemens SGT-800) was started yesterday. A second turbine, the SST-200...
Togo just announced a new recovery bond issue on the regional debt market - WAEMU securities market. The operation, which should enable the country’s public treasury to raise CFA20 billion, will close on April 30, 2021.
The nominal value of each bond issued is CFA10,000. They will mature over five years, at an interest rate of 5.8% per annum.
The issue’s proceeds will be used to...
Today, Togocel, a subsidiary of the Axian Group, lost its case in court against the Togolese telecom and posts regulator, ARCEP.
The Administrative Chamber of the Supreme Court has rejected Togocel’s claim which states that it was accused and fined CFA1 billion for unfair competition practices and not for infringing the ARCEP’s non-differentiation rule. According to the Supreme court,...
Near last week’s ending, the Malagasy group Axian, through its foundation and its subsidiary Togocom, signed a partnership convention with the NGOs Federation of Togo (FONGTO). The partnership aligns with the implementation of two recently launched programs: Nunya Togocom and Lanmésén TMoney.
In effect, FONGTO which has been acting as a bridge between NGOs and development for over 40...
Between 2014 and 2020, more than 90,000 people received cash transfers, amounting to CFA8.61 billion, from the government of Togo.
The figure was disclosed last week during a virtual meeting between Togolese Prime Minister Victoire Tomegah-Dogbe and Queen Maxima Zorreguieta Cerruti of the Netherlands, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development...
Announced in 2018 by the government, the project involving the hybridization of multipurpose platforms’ diesel engines with a solar system (PHMD-PTFM) is at last entering an operational phase. This phase will begin with feasibility studies.
The National Agency for Support to Grassroots Development (ANADEB) which is in charge of the project, is recruiting a consulting firm to...
Last Thursday in Anié, 188km north of Lomé, a new livestock market was inaugurated.
Financed by the European Union (EU) and the French Development Agency (AFD), the new market cost over CFA62 million. It can host more than 2,000 cattle and has an autonomous water supply system.
The infrastructure should enable Togo to “better structure its livestock industry while allowing thousands of...
Togo should record a 3.5% economic growth this year. The figure was recently published in an IMF report on the latest economic outlook in sub-Saharan Africa.
While the forecast is more optimistic than the World Bank’s, knowingly 3%, they are more modest than the African Development Bank’s (AfDB) who forecast economic growth in Togo at 4.3% in 2021.
The Pan-African's expectation...
On April 26, Togocel, a subsidiary of TogoCom Group, will be in court to defend against an accusation from the Togolese telecom regulator ARCEP, which claims it has violated its on/off-net tariff differentiation rule.
According to a source contacted by Togo First, Togocel affirms that it was accused of unfair competition, and not for violating ARCEP’s on/off-net tariff differentiation...
Every year, businesses that are members of the European Trade Chamber in Togo (CCET), also known as Eurocham-Togo, generate a turnover of around CFA200 billion. The Chamber, which is chaired by the CEO of Bolloré Africa Logistics Togo, Charles Kokouvi Gafan, employs nearly 2,000 people.
Eurocham is a real interface connecting European investors active in Togo with Togolese authorities, but also...
Togo received last Friday 200,000 doses of China’s SINOVAC vaccines against Covid-19. This happened in the presence of the Togolese minister of health, Moustafa Mijiyawa, and China’s ambassador Chao Weidong. The vaccines arrive only a few days after the government proceeded to the strategic reorganization of its vaccination campaign across the country. The supply will cover 100,000 people who...
Last Thursday, Togo’s Prime Minister, Victoire Tomegah-Dogbe, and the Netherlands’ Queen, Her Majesty Maxima Zorreguieta who also happens to the UN’s Secretary-General for inclusive finance, held a virtual meeting.
During the webinar, the Togolese PM talked about Togo’s achievements in terms of financial inclusion. In detail, she presented actions and mechanisms initiated by Lomé...
Togo’s public power utility, CEET, is running a promotion campaign to improve access to electricity in rural areas. Under the campaign, people of the Plateaux and Maritime, Savanes, and Kara regions can get connected to the grid at a cost of CFA20,000 only.
It should be noted, however, that the promotion ends on May 25th in the first two regions and on July 14th for the other two.
The cost...
Since it was taken over by Sunu Group in 2018, as it was in an impasse, the BPEC, now Sunu Bank, has been trying as much as possible to get back on its feet.
Indeed, the losses that the lender accumulated since 2008 - the year in which dividends were last paid to its shareholders - were cleared in the past two years. This small win, according to Myriam Adotevi, MD, Sunu Bank Togo, is the...
Marc Ably-Bidamon, Togo’s former minister of mines and energy, has been appointed minister-advisor of the President of the Republic in charge of issues related to the digital sector and digital economy.
Ably-Bidamon has much experience in the telecom and telephony sector. Holder of a Master’s in Telecommunication from the University of Lille in France, a DEA in electronics, and a...
Dematerialization of procedures at the Autonomous Port of Lomé (PAL) will begin on May 3, 2021. The process, let it be recalled, was announced last March, 4th.
The PAL’s top management hence urges businesses, tax commissioners, and others to connect to the digital platform developed to this end (https ://epaltogo.com), provided they have their access details (username and...