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A two-day workshop focused on flood and drought management was launched this morning in Lomé.
Experts and stakeholders involved in this area will throughout the meeting discuss results and recommendations provided by a study related to flood and drought. This should ultimately lead to the establishment of a warning system to better manage them, and help assess preparations needed to adapt...
In a few months, two bridges of 30 meters each and a third of 60 meters will be built in Togo. The first two will be located along the Gouloungoussi-Zoubiékou-Ghana border axis while the last will be erected on the Ogou Agrani-Kamina road.
In line with the project, the Togolese government has launched an international tender to recruit qualified construction firms. According to the tender...
West African Gas Pipeline Company: Afrique Conseil seeks a replacement for outgoing MD, Walter Perez
Benin-based consulting firm Afrique Conseil has launched a call for candidates to recruit a new managing director to head the West African Gas Pipeline Company (Wapco). This is in a context where the mandate of the company’s current MD, Walter Perez, will soon come to its end.
The successful candidate will be picked based on his or her resume or experience in any of the four countries...
A PV solar plant is going to be built at the Gnassingbé Eyadéma International Airport (AIGE). The project aligns with the infrastructure’s transition toward renewable energies.
“To meet the AIGE’s energy demand, align with the country’s ambitions in terms of clean power production, and achieve sustainable growth, the Lomé-Tokoin Airport Company (SALT) has decided to build a...
The Togolese agency for rural electrification and renewables (AT2ER) seeks to acquire and set up 314 PV solar panels in various regions of the country. The equipment will power health centers.
In this framework, the AT2R launched an international call to select firms that will provide and install the equipment. In detail, 156 solar kits should be set up in the Maritime and Plateaux regions...
Togolese authorities are currently conducting inspections and controls at the Port of Lomé, checking warehouses and storage areas for delicate or highly sensitive products.
The works were launched on September 14 and will be completed on October 6. They are part of preventive measures taken by the port authorities to avoid a tragedy similar to the one that occurred at the Port of Beirut,...
After reopening its air borders, Togo is looking to soon do the same for its land borders. This, however, must be done in coordination with other countries of the subregion.
The news was disclosed by Col. Djibril Mohaman who heads the team in charge of the response to the pandemic in Togo. He did so during the latest press briefing on the disease’s evolution in the country.
Regarding...
On Sept. 14, 2020, Togolese banks received from the BCEAO CFA219 billion of cash.
The funds will enable the lenders to refinance themselves at an interest rate of 2%. They are part of the Central Bank’s 25th fund injection into the Togolese economy since the pandemic broke out across the WAEMU.
Overall, the Bank has disbursed CFA3,350 billion for all WAEMU countries. They aim to meet...
The Central Bank of West African States (BCEAO) has just published a report, Evolution of financial inclusion monitoring indicators in WAEMU for the year 2019. The document provides a snapshot of the state of financial inclusion in Togo and other Uemoa countries.
The main takeaway of the report which reviews statistics for the last 10 years, is that Togo has been undergoing its most rapid growth...
On September 25, 2020, Togo will again try to raise CFA25 billion on the regional stock market.
Just like for the previous operation on this market, the country will issue fungible Treasury bonds, except this time, they will mature over 60 months (5 years) at an annual interest rate of 6.4%.
It should be recalled that Togo’s latest issuance was on Sept. 11. With an interest rate...
In its recent report, Boosting Private Investment to Achieve Higher Growth and More Jobs, the World Bank recommended that Togo, to revive its economy after the Covid-19 crisis, should work on improving the quality of electricity and reduce its costs. The same recommendation stands for telecom services (internet and mobile telephony).
Besides making these services more accessible, the...
Just as it was about to be lifted, the state of emergency in Togo could be extended to March 2021.
Indeed, the deputies who met for a plenary session yesterday authorized the government to extend the state of emergency for another six months. In detail, two bills were passed by the Assembly: The first extends the time limit for the government to take its measures by ordinance for six...
SGI (Société de Gestion et d'Intermediation) BOA CAPITAL Securities, launched on Sept. 16 its online trading platform, the first of its kind on the Regional Stock Exchange.
The platform, which was launched by videoconference, will enable users to issue stock market orders directly, consult their portfolio 24/7, and access financial information on listed securities and economic news of the...
In 2019, Togo exported more than CFA63 billion worth of cotton, against 49 billion the year before. In terms of volume, exports last year were almost 61,000 t, up from 44,000t in 2018.
Comparing export earnings over the 2009-2019 decade, they were not stable. Indeed, from around CFA29 billion, they soared above CFA37 billion the following year before falling again.
However,...
In Togo, businesspeople were introduced to the new investment code on Sept. 15, 2020. This was during an outreach workshop under the country’s private sector development strategy.
The meeting, to which the Chamber of Commerce and Industry of Togo (CCIT) contributed, was where actors of the Togolese private sector got to know more about the overhaul of the investment frameworks initiated...
Around one out of four (23.1%) of businesses ceased operations in Togo after the government imposed restrictive measures to contain the spread of Covid-19. Out of those, only 2% of them had to shut down completely.
The World Bank revealed this in its latest report of the economic situation in Togo, published on Sept. 8. The related study was conducted at the beginning of June and...