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Togo Invest (TI) recently started elaborating on its 2021-2025 strategic plan. The document should allow the state holding to easily carry out its various projects, as well as guarantee and investment operations.
Additionally, it “will help develop innovative and sustainable solutions to identify financing resources, attract more investments with great socio-economic impact and...
Economic growth in the West African Economic and Monetary Union (WAEMU) should stand at 1.3% in 2020, thus 5 percentage points down from 6.1% in 2019.
According to the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO), the new forecast is better than what was expected considering the impact of Covid-19 on economies in the region.
In the WAEMU, “GDP slumped by 2% in the...
After recording outstanding performances throughout the past three quarters, Togo plans to raise CFA60 billion on the WAEMU securities market this quarter.
To this end, the country will issue fungible treasury bonds and bills - for CFA40 billion and CFA20 billion respectively. In detail, two issues of fungible treasury bonds, with respective targets of 25 billion and 15 billion, are...
Mila Aziable, 29, is the new Minister Delegate to the President of the Republic, in charge of Energy and Mines.
She thus leaves her position as a gas operations engineer at GRTGaz, a subsidiary of ENGIE which is the world’s third-largest power developer, to become Togo’s youngest minister. Aziable replaces Marc Ably Bidamon who had been holding the seat since 2015.
After...
The BOAD will soon get about €350 million (nearly CFA230 billion) from Société Générale and JP Morgan. The funds guaranteed by the World Bank’s Multilateral Investment Guarantee Agency (MIGA) will support the BOAD’s 2021-2025 strategic plan.
In detail, out of the amount, around €200 million will go to the WAEMU’s public sector and the rest (€150 million) will be...
Togo has validated its national justice policy, a set of laws focused on strategic orientations and key actions in the country’s judiciary. The policy aims to make the judiciary more efficient and independent.
This was done last Tuesday by the ministry of justice, in line with a program launched by the minister of justice, Pius Agbétomey, to support the judiciary.
The policy,...
In Togo, the month of October has been dedicated to Consuming local products. This is an initiative of the government and the WAEMU Commission.
The goal is to promote made in Togo, notably, and to foster growth. In this framework, an information webinar was opened to the public today, October 1, 2020.
Participants taking part in the event include actors from the ministries of trade,...
Togo’s postal company, Société des Postes du Togo (SPT), plans to develop an app to operate a digital addressing system based on Google Plus codes geolocation system.
The SPT launched on Sept. 25, in Togo Presse, a call for candidates to select a firm with experience in this domain.
The selected firm will have to develop a multiplatform app (web, android, ios) featuring Google Maps....
The Siemens’ SGT-800 gas turbine ordered for the Kekeli power plant has been delivered successfully.
In a statement published on 30 September 2020, Siemens Energy announced: “As part of the 65 MW combined cycle power plant project under development in the Republic of Togo, Siemens Energy had the pleasure to deliver an SGT-800 gas turbine to the Kékéli Efficient SA site.” The...
In Togo, the West Africa Agricultural Productivity Program (WAAP-Togo) has helped improve corn and rice yields through its component focused on developing a sustainable seed production system.
In its final phase, the project enabled an improvement of 39% and 9% of its beneficiaries’ maize and rice yields respectively.
To achieve this, between 2011 and 2019, 650 field schools were...
In Africa, more than eight out of ten Covid-19 cases are asymptomatic or show few symptoms, according to the World Health Organization (WHO).
“Since 20 July, the region has seen a steady decline in new COVID-19 cases,” and “80% of the cases are asymptomatic,” the international health body said.
Across the continent, few people fall ill (and even fewer are reported to...
By presidential decree, Victoire Tomégah Dogbé has been appointed as Togo’s new Prime Minister. She is the first woman to ever hold the title in the country.
She succeeds Komi Sélom Klassou who had led the government since 2015.
Mrs. Tomégah Dogbé is presently the director of the cabinet of the President of the Republic and the minister of grassroots development and...
Sandra Ablamba Johnson has been appointed, by presidential decree, as the new secretary-general of the presidency. She replaces Patrick Têvi Benissan who passed away a few weeks ago.
This adds to her position as minister-delegate and advisor of the president of the republic in charge of improving Togo’s business climate.
Besides Johnson, the same decree appointed Kanka-Malick...
To foster clean energy adoption, Togo will develop a Pay-As-You-Go national platform (PayGo) to help its agency for rural electrification and renewable energies (AT2ER) manage off-grid solar systems.
In effect, the systems will be connected to the platform, thus enabling concerned authorities to monitor their installation and usage across the country. It should also, according to the...
As the country eases restrictive measures aimed at containing the Covid-19, Togolese authorities plan to use digital solutions and ICTs to promote tourism and boost the sector’s performances.
Among others, a new portal will be created to give a new momentum (...) to Togolese tourism through digital technologies and social networks, the minister of tourism, Kossivi Egbetonyo, on the world...
For its establishment and expansion in Togo, Cimenterie de Côte Ouest-Africaine (CimCo) will receive a CFA20 billion loan from the BOAD. The long-term facility was approved last Friday by the Bank’s board of directors.
CimCo is the subsidiary of CimMetal group which belongs to Burkinabe businessman Kanzoe Inoussa. The group intends to invest nearly CFA100 billion in its Togolese...