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Last Thursday, the Togolese minister of trade, Kodjo Adedze, met with a delegation of chocolate makers who belong to the Chocolatiers Engagés association. On this occasion, the parties present explored the creation in Togo of a robust, and prosperous, cocoa value chain.
Daniel Mercier who chairs the association praised Togo saying he particularly appreciates the “construction of modern...
“Construction works at the Adetikope’s Industrial Platform (PIA) are about 65% complete.” This was disclosed on April 8, 2021, by the platform’s managing director, Jesse Damsky, during a visit by Prime Minister Tomegah-Dogbe on the site.
Also present on the occasion, the minister of trade, Kodjo Adedze said: “Her excellency, the Prime Minister, toured the PIA and noticed that the...
On April 16, Togo will proceed to a triple issue of fungible treasury bonds, with a mobilization target of CFA75 billion.
The respective maturity periods of the bonds that will be issued are five years (60 months), seven years (84 months), and 10 years (120 months). The proceeds, according to UMOA-securities, will be used to restart the economy post-Covid.
“The present issue,...
The Togolese minister for youth employment, Myriam Dossou d’Almeida, visited on April 7, 2021, the Africa Global Recycling (AGR), looking for green job opportunities the company has to offer.
Founded by Edem d’Almeida, AGR raised, in 2018, one million euros to finance its development and expansion strategy across the subregion. According to Sergio Pimenta, vice president of the...
In Togo, the Socété des Moulins Modernes du Togo (SMMT), a company that makes wheat flour and other wheat-based derivatives has recently set up in the industrial free-trade area. The firm thus becomes the direct rival of Société Générale des Moulins du Togo (SGMT), subsidiary of the SOMDIAA group.
Operational since March 7, 2021, the complex has a production unit and a quality...
Henceforth, the registration of Limited Liability Companies (LLCs) in Togo will be exclusively done online. Until the related announcement was made by the minister of Trade, Kodjo Adedze, this process was undertaken both virtually and physically.
“The ministry of trade, industry, and local consumption informs economic operators that from now on they must complete formalities relative to...
In Q1 2021, 4,087 new businesses were registered, against a little more than 3,600 businesses over the same period last year. The 11% increase reflects an ongoing economic recovery amidst the Covid-19 pandemic.
In detail, out of the newly registered businesses in the past quarter, 3,280 or 80% of the total were registered by Togolese and the rest (807 businesses) were registered by...
The Togolese Revenue Authority (OTR) launched a major project to interconnect with many institutions. In this framework, the institution launched a tender, that expires on May 7, 2021, to recruit firms that will supply, install and operationalize the connection equipment.
The institutions concerned are the National Social Security Fund (CNSS), the General Office for National Documentation...
As announced nine months ago, Turkey has officially opened its embassy in Lomé. Recep Tayyip Erdoğan appointed Esra Demir as his first ambassador in Togo.
The news was confirmed by Robert Dussey, the Togolese minister of foreign affairs. "I have received a copy of the credentials of Mrs. Esra Demir, the first Ambassador of Turkey to Togo,” Dussey reported.
Turkey thus...
The Togolese President Faure Gnassingbe is expected to meet this Wednesday his counterpart from France, Emmanuel Macron.
This is the first official visit of the Togolese leader since he was reelected for a new term. According to the Togolese presidency, this visit falls under the “strengthening of cooperation ties, partnership and friendship between France and Togo.”
During...
Sunu Bank has recorded its first benefit in two years. This is the third time that the lender, formerly Banque Populaire pour l’Epargne et le Crédit (BPEC), is in the green. In 2013, it recorded a profit of CFA5 million, and in 2017 it had an exceptional positive net result of over CFA3 billion.
Since 2012, Sunu Bank (the bank’s name changed after it was acquired by SUNU Investment...
For the second time, consecutively, Togo will have a “consume local month.” The announcement was made on the Twitter account of the Ministry of trade, industry, and local consumption.
The event is scheduled for October, the month decreed by member states of the West African Economic and Monetary Union (WAEMU) as the “consume local month.”
On this occasion, many activities...
After Togo Wood Industries and Togo Agro-Resources, Adetikope’s Industrial Platform (PIA) could host more Togolese companies.
Indeed, Laurent Coami Tamegnon, chairman of the National Employers’ Council (CNP-Togo), urged the members of the entity he heads to consider the option.
While recently visiting the PIA, Tamegnon explained that his call aimed to “spark interest in the...
“As part of his many efforts to fight and eradicate the pandemic, the Head of State, after health personnel, has ordered the vaccination, with no age differentiation, of all staff members of hotels in Grand Lomé.” This was announced last Friday by Kossi Lamadokou, the Togolese minister of tourism and culture.
Any hotel worker who refuses to be vaccinated will be sent on a technical...
The West African Development Bank (BOAD) has won a 2021 Environmental Finance Bond Award in the category “Sustainability Bond of the year - supranational, sub-sovereign and agency (SSA).” The prize rewarded the success of the Bank’s first sustainability bond, the first to be issued in Africa. “It is with pride that I accept, on behalf of the Bank's teams, the 2021 Sustainability Bond...
A new delivery service, Chap Chap, has launched operations in Togo. The announcement was made on April 1 by the company which stated: “Our service is officially operational for your parcels and mail shipment”.
According to Alao Lawal, Chap Chap’s founder, the particularity of the new delivering service is that it is exclusively digital and uses geolocalization. In Togo, Chap Chap...