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Few days after cautioning Togocel for practicing unfair call rates, Togo’s telecom regulator -ARCEP- has opened a sanction procedure against the operator. This time, the regulator accused the operator of “grave inconveniences and malfunctions on its T-Money services, and a lack of communication with customers.”
It is stated under the terms of Togocel’s agreement that “in the...
Singapore-based agrofood group Olam acquired 51% of the Nouvelle Société Cotonnière du Togo (NSCT) for €15.3 million (around CFA10 billion).
The deal aligns with the authorities’ plan to privatize the cotton company - a process that should be completed next month. Following the privatization, the State and the federation of cotton farmers will respectively hold 24% and 25% of...
The parliament is reviewing the draft finance bill for 2021. The latter projects expenditures and income at CFA 1,521.6 billion, thus 7.1% less than this year's final budget (CFA1,638 billion).
Next year's finance bill focuses on social sectors (with a 10.8% increase in social spending which is expected to reach 445.1 billion FCFA), despite the negative impact of the pandemic on the economy....
Tremplin UEMOA Startup 2020 is the name of the contest recently launched by the WAEMU commission for young entrepreneurs active in Togo, Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, and Senegal.
The competition runs until November 30, with a prize of CFA193 million. It aims to bolster efforts to promote modern and innovative entrepreneurship and accelerate the development...
There is a new twist in the dispute between the telecom and posts regulator (ARCEP) and the Togocel-Moov duopoly.
After being cautioned by the regulator for unfair pricing, both operators reduced their on-network call rates by 20 FCFA/minute while increasing their off-network rates by 10 FCFA/minute.
Displeased with the move, the ARCEP demands the two operators to explain within 24 hours....
The 4th round of the German-Togolese Consultations opened in Lomé yesterday, November 23rd.
The two-day meeting brings together Togolese officials and German diplomats to discuss at length the current state and prospects of cooperation between the two countries.
For the Togolese government, the meeting should help "strengthen the impact of cooperation between the two countries" and...
Agriculture, which contributes nearly 40% to Togo’s GDP, is the country’s largest employer. In 2019, 222,698 jobs were generated in the sector - 199,018 permanent and 23,680 temporary jobs.
Alone, the sector concentrates 60% of all jobs created last year, according to data released by the National Agency for Employment (ANPE) last Thursday, in the 2019 report on Labour Market...
In Togo, mobile operator Moov readjusted its tariffs, after the regulator -ARCEP - warned it and Togocom against unfair tariffication for on-network and off-network calls.
The new tariffs came into effect last Friday. They take into account “the termination cost for off-network calls and the expectations of consumers regarding the offers.”
Besides a single tariff (for local...
Togocel has obtained the authorities’ approval to test the 5G. The firm, the country’s leading mobile operator, is thus the first to get this green light and should proceed to initial tests next year.
This aligns with Togo’s desire to modernize and democratize access to the internet and become a reference in the region, in terms of digital technologies, within the next five...
In Togo, around 5,000 poor farming households will receive 65,000 kg of rice and maize seedlings from the National Project for the Promotion of Rural Entrepreneurship (PNPER).
According to the PNPER, the seedlings, worth CFA37 million, will be sown over 2,000 ha (1,500 ha with maize and 500 ha with rice).
Through the supply of the seedlings, the government, which launched the PNPER,...
In Togo, the State’s shares in public and semi-public companies were valued at CFA103 billion in 2019.
Despite exiting the shareholding of many companies, the State is the sole owner of 16 companies and is a co-shareholder in 26 mixed companies.
For example, the PAL, which runs the autonomous port of Lomé, is fully owned by the State. The same goes for the CEET (power utility),...
Taking a leaf out of the book of the universities of Lomé and Kara, the national administration school (ENA) started its digital transition. It will benefit from the UNDP’s support in this framework.
Headed by Prof. Adamah Kpodar, the ENA will indeed receive CFA300 million over three years. The funds will, according to the UNDP’s resident representative in Togo, Aliou Dia, be injected...
To strengthen cooperation with the private sector, the Togolese State plans a survey to “take stock of the needs and wishes of business actors who want to carry out development projects that align with the government’s development roadmap.” This was disclosed on November 18, 2020, during the council of ministers.
The survey will be conducted by a commission set up by the council. The...
Despite an overall “concerning” slowdown in the region, Togo has progressed in terms of good governance in the past 10 years. The country ranked 25th on the latest Mo Ibrahim Foundation index published on November 16.
Togo is, according to the index, one of the rare countries whose score improved this year. However, there remains substantial progress to be made in some...
To reduce accidents in the country, the Togolese government will dedicate about CFA3.14 billion to a plan of key actions to be implemented over two years. The project is the emergency phase of the road safety policy adopted by the government last Wednesday.
The policy revolves around six major axes: management, infrastructure, vehicle quality, users, and rescue. Moreover, it aims to...
The World Bank disbursed 37% of the funds it planned to provide Togo in the previous fiscal year (July 2019-June 2020).
This is “one of the best disbursement rates relating to the portfolio of projects financed by the Bank in Africa, where the average is 22%,” said the WB’s resident representative, Hawa Cissé Wagué last Tuesday.
Wagué however stressed that the disbursement...