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Last Friday, Togo raised CFA27.5 billion on the regional financial market, by issuing fungible treasury bonds.
This was disclosed by the Umoa-securities agency which noted that for the operation, the country was initially seeking CFA25 billion (to finance its 2029 management budget).
Overall, subscriptions to the issue exceeded CFA71 billion, thus representing a coverage rate of...
Togo has changed the base year for its GDP, following the new accounting methods of major international institutions. The country, like many others in Africa, has migrated from the System of National Accounts 1993 (1993 SNA) to the System of National Accounts 2008 (2008 SNA).
The change steered by the national institute for statistics, economic and demographic studies (INSEED) has impacted...
Germany has provided Togo with €10 million to rehabilitate its rural roads. In effect, the funds will finance the third phase of the rural road support project (PAPR).
The agreement for the donation was signed last Thursday in Lomé, by the Togolese Minister of finance and the German ambassador. Other officials present at the ceremony included the Togolese ministers of transport and...
The Togolese Prime Minister, Komi Sélom Klassou, has resigned. His letter of resignation was accepted by Togo's Head of State, a statement from the Presidency informed.
The Togolese leader "congratulates the Prime Minister and the whole government for their efforts regarding the economic, political, and social contexts," as well as for their "encouraging performances amid the health...
Jonas Aklésso Daou is the new head of the Togolese Large Companies Association (Association des Grandes Entreprises du Togo - AGET). He was elected for a three-year mandate yesterday, by a mixed general assembly of the association.
The head of Kapi Consult, Sodigaz, and the car dealer of Diwa International will thus replace Clément Ahialey.
Additionally, Charles Gafan, chief of...
Over the next 12 months, 20 rural health centers will be provided solar-powered generators by Kya Energy Group. This was disclosed by Yao Azoumah, CEO of the Lomé-based international group which specializes in clean energies (with a focus on solar).
As part of the project for which the firm landed a subsidy of $450,000, each of the health centers concerned will also be equipped with...
Since it started activities in 2018, the Lomé-based transport startup Gozem has raised more than $3 million.
With a seed capital of $900,000, Nigerian entrepreneur, Emeka Ajene, and Raphaël Dana, a French-Swiss entrepreneur based in Singapore, launched the moto-taxi booking service in the Togolese capital while eying the West and Central African markets. “This was to...
Anti-covid-19 safety measures implemented at the airport of Lomé are being evaluated, congruent with the infrastructure’s activity resumption plan. An audit was indeed launched in this regard on Sept. 24 to make sure the action plan adopted meets existing requirements.
Among steps taken by the airport is the creation of an App to track passengers and test them upon arrival and...
Togo is currently updating its development cooperation policy for better resource mobilization. Public and private experts, civil society, and international partners started reviewing the document in Lomé today September 24, 2020.
During the workshop organized in that regard, the participants will suggest amendments to the policy. With the workshop, Togo aims to evaluate its current...
The Benin-based consulting firm Afrique Conseil has launched a call for candidates to recruit a new director-general to head the West African Gas Pipeline Authority (WAGPA).
Eligible candidates must be nationals from one of the four State parties of WAGPA - Togo, Ghana, Benin, and Nigeria. Those qualified will be selected based on their resume or professional experience in any of these...
Togo is currently the third WAEMU country CEOs think is the most attractive for investments despite the coronavirus crisis that is negatively affecting African countries’ measures aimed at attracting investments.
This is revealed in the 2020 Africa Investment Attractiveness Index, based on the response of African business leaders during a survey carried out (for the second consecutive year)...
Togo’s national assembly, through its financial commission, commenced on Sept. 22, 2020, the budget orientation debate to discuss budget issues with the government.
Among others, participants will discuss the 2021-2023 economic and budgetary planning document. The latter forecasts potential for fund mobilization over the period concerned, as well as for deciding how these funds will be...
Lomé-based pan-African banking group Oragroup recently received a credit line of €50 million (around CFA32.8 billion) from the ECOWAS Bank for Investment and Development (EBID).
The group will use the funds to increase its support to SMEs and SMIs across WAEMU countries. “This refinancing credit line from EBID will help provide 34 SMEs and SMIs with about CFA1.03 billion each,”...
On September 22, 2020, Djomantin, the firm ensuring the transport of BB Lomé’s products, received 10 MAN trucks and 10 SCHMITZ CARGOBULL trailers from Van Vliet Automotive (Togolese subsidiary of the eponymous Dutch group).
The deal was facilitated by Banque Atlantique Togo (BAT) which spent CFA700 million to buy the vehicles. The lender’s managing director, Galadima Abdou, who was...
About a year from now, the following six Togolese towns will get better access to electricity: Aneho, Kpalime, Atakpamé, Sokodé, Kara and Dapaong
Indeed, the government received a credit line from the Export-Import Bank of India (Exim Bank) to finance works for the “supply and construction of medium and low tension power networks aimed at increasing the capacity of power distribution...
The West African Agricultural Productivity Program (WAAPP) reached a completion level of 95% at the end of 2019, with 112 out of 118 activities completed.
Effective for almost 10 years, it has benefited over 600,000 people (40% of them women), thus 23% more than the 500,000 beneficiaries initially targeted. It has generated 14 improved technologies enabling a sustainable crop and animal...