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Air traffic volumes in the WAEMU fell drastically as a result of the various measures put in place to contain the coronavirus pandemic in the region.
During a meeting held yesterday, between the Union’s ministers of transport, the president of WAEMU commission, Abdallah Boureima, revealed that air traffic volumes reduced by 95% exactly.
This reduction, according to the ministers,...
Togo’s public debt may be less exposed to fluctuations in exchange rates, the country’s ministry of economy and finance said in its latest report for the quarter.
This is mainly because the country’s debt is mostly (66.7%) labeled in CFA francs, the report indicates.
However, “the external debt portfolio (which represents about 33% of Lomé’s total debt, ed. note) is still...
Togo will keep using Chloroquine in the Covid-19 treatment. This was disclosed last Wednesday by the national coordination team for the Covid-19 response.
The announcement was made amid a controversy that arose following the publication of a study that claims the molecule is inefficient and even increases the chances of dying from the disease.
The study, published in The Lancet has...
In West Africa, more than 81 million jobs in the food sector could be affected by movement restrictions imposed in response to the Covid-19 pandemic. This was revealed by the Sahel and West Africa Club (SWAC) in a report it released last May 26.
The Club, whose secretariat is hosted at the Organization for Economic and Development Cooperation (OEDC), indicated in the document that more...
In Togo, the National Federation of Cotton Farming Associations (FNGPC COOP-CA) acquired 50 tractors to boost farmers’ capacities and reach a cotton output of 200,000t by 2022.
The move is good news for the sector which has recorded a 15% fall in output year-on-year (from the 2018-2019 campaign to last year’s).
In line with its intent to mechanize the industry, the FNGPC COOP-CA...
The regional energy interconnection project, which is steered by the West African Energy Pool (WAPP), is expected to be completed in 2023.
The 600 MW project costs $567 million and aims at supplying reliable, cheap electricity to the 14 of the 15 ECOWAS member States. It includes a rural component, which will be carried out in Burkina Faso and Niger, and another component under which...
From 600 tons in 2012, fish production at the Nangbéto Lake has risen to 3,200 tons in 2019.
The significant increase is attributable to the Nangbéto Lake Fisheries Management Plan which falls under the Agricultural Support Project (PASA).
Adopted in 2013, this plan aims at preventing the exhaustion of fish resources in the lake concerned, due to its inappropriate exploitation...
Last week, the KYA-Energy Group delivered ten automated solar-powered handwashing kits to the ECOWAS Investment and Development Bank (BIDC) in Lomé.
Called KYA-SolWasherKit, the tools were made by a local solar power startup, Kya Energy Group. They are equipped with presence detectors, automatic soap, and water suppliers.
The move is the startup’s contribution to the fight against the...
Togo to seek XOF20 billion on regional financial market next week, its last issuance for the quarter
By June 5, Togo will attempt raising XOF20 billion on the WAEMU stock market. The money will be used by Lomé to finance its 2020 budget.
The funds should be raised by issuing fungible treasury bonds, at a nominal value of XOF1 million per unit, and a one-year maturity period. The bonds will start taking value on June 8 and reimbursement will commence on June 6, 2021.
Séna Akoda
Togo’s ministry of culture, tourism, and leisure will rehabilitate the Kara hotel in the northern part of the country.
Rehabilitation works, which were divided into three parts will be financed by the Fund for the Promotion and Development of Tourism (FPDT).
In line with this project, the ministry of tourism has launched a tender which closes on June 11, 2020. Bidders can apply...
The UN development program’s office in Togo plans to set 6,894 solar light poles in the Maritime, Plateaux, Central, Kara, and Savanes regions.
The project will accelerate the country’s national electrification strategy and help get it closer to its goal of making renewables 50% of its energy mix by 2030.
In this framework, UNDP-Togo has launched a pre-qualification bid to...
To contain the spread of the coronavirus, Togolese authorities plan to test more people and actively monitor suspected cases.
The information was recently given by the national coordination team for the Covid-19 response. According to the latter, Lomé’s strategy revolves around testing suspects, quarantining and treating them, and finally tracking them.
In line with this...
It is now possible in Togo to pay registration fees for commercial cases with prepaid cards. This adds to the already existing option allowing the use of Tmoney and Flooz to make this payment.
The new mode of payment aims at allowing holders of banking cards (MasterCard, Visa) who do not have a mobile money account to also easily submit their cases to the court.
The various...
Last week, the Nunya Lab incubator trained around 460 local artisans to make efficient face masks.
The goal of the lab is to produce one million, washable and reusable masks. This output, which will be subsidized, should be made available to the Togolese population, protecting more against the Covid-19 pandemic.
In the framework of the training, the incubator partnered with the...
Ecobank Group and Google are teaming up to help African SMEs keep pace in a fast-growing digital world. The partners announced they will develop a range of digital solutions that aim to make banking operations easier for customers. The packages will be available to Ecobank’s SME customers in May 2020.
“We are delighted to collaborate with Google to offer timely and relevant solutions,...
The agricultural processing areas that the Togolese government plans to set up, mainly through the creation of agropoles, will be developed through public-private partnerships (PPP). The elaboration of this strategy, as well as the instruments and incentives for its implementation, will be entrusted to a firm, to be selected by the government.
This firm will be responsible for proposing...