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Works for the Adetikope industrial zone have started. The project, steered by ARISE IIP, covers 400 ha of land and is situated 27km from the port of Lomé.
The industrial platform will enable investors to build factories that will process local products in situ. It will include 700-truck parking, a 12,500 TEU container storage space, a loading and unloading warehouse, a storage unit...
The State secretary in charge of financial inclusion and the informal sector will set up a CFA20 billion credit line for small and medium enterprises (SMEs) in Togo. The move aligns with measures announced at the recent State summit held concerning the response to Covid-19.
An agreement was signed last Friday by the National Fund for Inclusive Finance (FNFI) and Orabank-Togo in this...
For its third simultaneous bond issue on the UMOA-securities market this year, Togo garnered more than CFA76 billion. The operation which closed last Friday thus recorded a subscription rate of 255% since the country was seeking CFA30 billion.
While both issues involved fungible treasury bonds, their maturity periods differ. The first, which enabled Togo to mobilize over CFA50 billion from...
After serving as head of the EU delegation in Togo for the past three years, Cristina Martins Barreira ended her mandate in the country last week.
In this framework, she was received on August 21 by Togolese PM, Komi Selom Klassou who bid her farewell. “From Togo, I keep in mind the welcome of the Togolese people, good relations with authorities. I have always felt at home and I...
Yesterday, the ministry of health received 20 all-terrain vehicles from the World Bank. The move, which supports Togo's Covid-19 response, falls under the Regional Disease Surveillance Systems Enhancement Program (REDISSE) of the Bretton Woods institution.
The vehicles, worth CFAF 350 million, were received by the minister of health, Prof. Mustapha Mijiyawa, in the presence of the WB's...
A $365,000 cash transfer fund will be set up in Togo for local micro, small and medium-sized enterprises (MSMEs) affected by the coronavirus pandemic. In its pilot stage, 50 enterprises will be selected to be supported by the fund.
The UNDP and the UN Capital Development Fund (UNCDF), which are spearheading the scheme, are seeking a microfinance institution that will facilitate MSMEs'...
On August 19, Togo and the Republic of Congo signed multiple political and economic cooperation agreements.
The documents were signed by the nations' ministers of foreign affairs, Robert Dussey and Claude Gakosso. The latter was in Togo for an official visit.
The first agreement signed concerns the reciprocal exemption of diplomatic and service visas between the two countries,...
Togo's water utility, Togolaise des Eaux (TdE), inaugurated on 18 August 2020 two new commercial agencies, in Adétikopé (Agoè-Nyivé prefecture) and Djagblé (Zio prefecture) respectively.
According to TdE’s management, the agencies will provide water to people of these localities and enable the company to offer its customers better services.
"After completing these facilities as part of...
Serge Ekue is the new boss of the West African Development Bank (BOAD). The Beninese thus takes the place of his fellow countryman, Christian Adovelande, who had been in office since 8 February 2011.
In a statement issued by the Bank, Togo’s minister of economy and current chairman of the WAMU council of ministers, Sani Yaya, announced Ekue’s appointment - a decision that was approved during...
In the past soybean marketing year (Oct. 2019 to July 2020), Togo’s export revenues amounted to around CFA 50 billion. The figure was disclosed last week by the interprofessional soybean council and relayed by republiquetogolaise.com.
Overall, the country which is striving to become a leading producer of organic soybean produced 167,100 tons of soybeans (organic and non-organic) over the...
The International Renewable Energy Agency (IRENA) seeks consultants to implement a program to strengthen electricity grid infrastructure in the Economic Community of West African States (ECOWAS).
A call for proposals was launched in this framework. Applicants picked for the project will work closely with power companies, country regulators, and the ECOWAS regional center for renewable...
Togo has again extended anti-Covid19 measures taken within the framework of the state of health emergency to September 15, 2020. The related order was issued on August 14.
Initially declared on April 1, the state of emergency was supposed to last three months but was later extended to August 16.
The exceptional situation, let it be recalled, allows the Togolese Head of State, Faure...
An online mining registry has just been launched in Togo. The platform was developed by the Direction Générale des Mines et de l’Energie (Directorate General of Mines and Energy or DGME).
Users can access, on the website, up-to-date data, mine maps, deeds, licenses, active firms, and the types of ores extracted in the country. This information will be updated daily, according to the...
In Togo, the anti-covid-19 measures affected around 62% of jobs. The figure was revealed in a World Bank report published recently.
The document also highlights a fall in production and sales across many sectors. Among the latter, the services sector is the most affected by the pandemic with 49% of jobs affected. The remaining 13% of jobs affected are in the industrial sector, retail,...
Togo sustains its performance in the World Bank’s country policy and institutional assessment (CPIA)
For the third consecutive year, Togo improved its score in the World Bank’s country policy and institutional assessment (CPIA).
According to the latest update of the document released this month, the country scored 3.3, thus 0.1 points more than last year and above the average score of sub-Saharan countries.
Togo performed especially well - with a score of 3.6 - under the cluster...
Togo’s revenue authority (OTR) will soon launch an automated tracking system (ATS) to maximize revenue collection, trace some goods, and ease tax collection. The news was disclosed on republiquetogolaise.com, the government’s official portal.
Unveiled last week, the tool will also help ensure the safety and authenticity of goods concerned, expand the legitimate economy, prevent...