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In Togo, Gozem drivers can now get low-cost loans from Coris Bank International Togo to buy bikes.
A partnership was signed by the transport startup and the lender on December 8, 2020, in this framework. According to Gozem, it aligns with its Vehicle Financing Solutions program which makes it easier to buy new vehicles at a cheap cost.
In detail, only the best drivers will be...
Announced a few weeks ago, the law of military programming covering the 2021-2025 period was adopted on December 8 by the Togolese assembly.
With this legal tool, Togo wants its army to adapt to new security contingencies and emerging threats.
Most importantly, the programming will involve planning on how much military expenses will amount to, over the period concerned and how these...
Abidjan-based Bourse régionale des valeurs mobilières (BRVM), WAEMU’s stock market, plans to open an office in Togo.
The news was disclosed by the institution’s director-general, Edoh Kossi Amenounve, last week after a meeting with Togolese PM Victoire Tomégah Dogbé.
“We want to make sure that the financial market can support the State and the private sector in financing...
Construction works for the new market of Tsévié (around 36 km from Lomé) are 96% complete.
Progress on the project was assessed by Prime Minister Victoire Tomégah-Dogbé who carried out a field visit at the site on December 7, 2020.
The new market is built-in line with the modernity standards set by the Agence d’Exécution des Travaux Urbains du Togo (AGETUR-TOGO). It covers...
Last Thursday, Togo’s PM, Victoire Tomegah-Dogbé, launched in Kpovégan (in the Haho prefecture located 100 km from Lomé) the Rural Roads Support Program (PAPR).
This is one of the flagship programs of the government’s new five-year development roadmap. In its framework, rural roads will be built to foster physical and economic integration in rural areas where cotton, coffee, and...
Togo’s new center for intellectual property documentation (CDPI) was inaugurated on December 4, 2020, by Denis L. Bohoussou, Director-General of the African Intellectual Property Organization (OAPI). Present at the inauguration ceremony were representatives from the ministry of trade, industry, and local consumption.
The center which cost CFA500 million was financed by the pan-African...
After months of talks between negotiators from the European Union (EU) and the Organisation of African, Caribbean and Pacific States (OACPS), the two parties reached an agreement on a political treaty that will replace the Cotonou Agreement. The latter which has already expired was signed in 2000 and regulated free-trade between ACP states and the EU.
The new agreement, reached...
The Economic Governance Support Project (PAGE) will finance the elaboration of a manual to reinforce deputies’ capabilities concerning the assessment of projects that fall under the Finance Act.
In a context where Togo switched to a program-budget model, the projected manual will be structured so that deputies will be updated regarding budgetary principles, procedures involved in the...
SouthBridge Group advised Togo regarding the transfer of the Nouvelle Société Cotonnière du Togo and Adédikopé’s integrated industrial platform (PIA) to Olam and its subsidiary Arise Special Economic Zone, respectively.
According to a recent statement, the pan-African finance and investment consulting firm is a strategic partner in the two major deals.
Regarding the PIA, the...
Ivorian Christopher Balliet Bléziri is the new country representative of the International Finance Corporation (IFC) in Togo.
Among others, he will work to “increase the IFC’s actions in key sectors like infrastructures, agribusiness, industry, and will give particular attention to access to financing for SMEs in Togo.”
Bléziri has a “solid experience in the structuring of...
More than 50% of the investments made by the African Development Bank (AfDB) in West Africa were dedicated to transport and energy.
About $1.6 billion was invested in the transport sector by the institution, across ECOWAS, while over $9.6 million was spent on projects aimed at boosting access to energy in the region.
The figures were disclosed last week during a virtual...
The construction of the 161kV transmission line in northern Togo has officially started. It was launched on December 3, 2020, by the minister of energy and mines, in Kara.
The works include engineering, supplying energy to and laying the line over 240km. Also, there will be multiple transmission stations connecting the following areas: Kara, Mango, Dapaong, Naki, and Mandouri.
Financed...
Ecobank-Togo was awarded the Banker’s Bank of the Year title for 2020. The awards ceremony was held online on December 2, 2020.
The pan-African lender owes its achievement to multiple initiatives such as updating its main banking application, fighting Covid-19, canceling or reducing charges on some transfers, or the increase in limits for daily transactions via mobile banking...
A feasibility study is underway to rehabilitate the Kamina site (20km from Atakpamé), a vestige of colonial history and tourist heritage. The study will define the financing mechanisms necessary for rehabilitation.
This project is one of many similar projects initiated by the country in recent years to valorize its cultural and touristic heritage. All these projects fall under the second...
Starting from December 15, 2020, quality controls for private producers of drinking water (in a sachet or bottled) will resume.
The news was disclosed by the ministry of water and rural hydraulics which added that the inter-ministerial committee in charge of the controls will restart activities at the set date.
The resumption comes in a context where “production and marketing of...
Over the next five years, the African Development Bank (AfDB) plans to inject around five billion dollars in integration projects across the ECOWAS.
In effect, on November 26, 2020, as it launched its West Africa Regional Integration Strategy Paper 2020-2025, the Abidjan-based Bank said it would heavily invest in the development of transport and technology infrastructures.
The strategy...