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In addition to the measures it announced to curb the spread of the Covid-19, Ecobank Transnational Incorporated (ETI) has established fee-free electronic transactions.
According to the information disclosed on April 9, 2020, Ecobank clients will not pay fees when sending money via SMS or e-mails. The same applies for invoice payments, transfers via e-cards and operations via the bank’s app....
Novissi, the programme initiated to support citizens who have lost their daily income due to the Covid-19 preventive measures, will cost the government XOF12 billion.
According to the Minister of Energy and Mines Marc Dedèriwè Ably-Bidamon, these estimates made by the government should cover all 3 months of the promulgated state of emergency.
These initial estimates could be exceeded, “if...
All investors interested in the project involving the construction and operation of the hotel at Lomé’s airport (AIGE) now have until July 3, 2020, to submit their bids. Initially set on April 3, 2020, the date was postponed by the Société Aéroportuaire de Lomé-Tokoin which runs the AIGE.
The project which can be fully or partially financed aligns with the government’s goal to...
Togolese e-banking startup Semoa has launched a free Whatsapp assistant that helps users diagnose Coronavirus symptoms.
Dédé, as the assistant is named, uses artificial intelligence and “provides immediate answers about the Covid-19 to users. It also conducts diagnosis and gives steps to follow afterward.” The assistant, beyond its diagnosis component, informs users about prevention...
Togo just received its first ventilators for Coronavirus-infected patients. The machines are being set up at the CH-Lomé hospital where all infected individuals in the Grand Lomé region are treated.
Overall, the country has ordered 250 ventilators which are used to put severe cases under artificial respiration.
Besides the ventilators, Lomé should soon receive another batch of...
While early forecasts for 2020 were relatively optimistic, everything has changed with the coronavirus pandemic all over the world. As a result, Africa and more specifically West Africa is forced to lower its expectations in terms of economic growth.
According to a recent study by Bloomfield Investment, it is said that growth in the WAEMU States - that includes Togo, Benin, Burkina Faso,...
Togolese authorities have put in place a universal income scheme to help the most vulnerable people and families cope with measures taken to contain the spread of the coronavirus in the country. The initiative was named "Novissi" which means solidarity in Ewé, the local dialect spoken in southern Togo.
“Novissi is a money transfer program to help all eligible Togolese citizens who have...
After the first works published by French virologist Didier Raoult on chloroquine as a potential cure for Covid-19, another study showing similar results was recently published.
The second study was conducted at Renmin Hospital in Wuhan (China) on 62 patients aged about 45 years. The patients were handpicked to exclude those who suffer from cardiac diseases, eye, liver and kidney problems...
As its member States struggle against the Coronavirus crisis, the Central Bank of West African States (BCEAO) has taken many steps to reduce physical contact and foster prevention measures.
On April 3, the lender introduced new measures to enhance digital transactions instead of hand-to-hand cash exchange. The measures are effective for 30 days, renewable.
No more fees for all...
Announced last week by the minister of trade, prices of oil products in Togo have been reduced.
The measure, which took effect today at midnight, brings down the prices of super unleaded (from XOF564 to XOF508 per Litre), kerosene ( from XOF505 to XOF455 per Litre), gasoline (XOF567 to XOF537), and blend (from XOF611 to XOF609).
Meanwhile, prices of cooking gas remain the same with...
Chinese billionaire Jack Ma recently tweeted that the second batch of equipment to combat the coronavirus pandemic was on the way to 54 African nations.
“That includes 500 ventilators, 200,000 suits & face shields, 2,000 thermometers, 1M swabs & extraction kits and 500,000 gloves,” the tweet reads.
For its part, Togo, which is part of the recipients received the first...
“All suspension measures relative to public transport announced on April 4 are lifted until April 11, 2020.” The government’s decision was broadcasted on the national TVT channel on April 5, 2020.
Therefore, taxi-bikes (also known as “zemidjans”), and tricycle drivers can resume activity for six days.
The government, it should be noted, has taken steps to support the most...
To help it combat the coronavirus, the International Monetary Fund (IMF) will provide Togo with a concessional loan of $131.3 million. The loan is repayable over 30 years at a zero interest rate.
The Bretton Woods institution announced the loan approval in an official note published after the sixth review under the Extended Credit Facility (ECF) program with Togo.
With the new...
Alongside lifting the temporary ban on the movement of taxi-bikes and tricycles, the government said it will support these actors throughout the health emergency state.
“They have been presented with some options for support,” according to the State Secretary in charge of financial inclusion and the informal sector.
In the same framework, a large number of drivers affected by the...
The government of Togo plans collaboration with producers and importers of hand sanitizers. A call for expression of interest was launched in this framework.
The move comes as the country experiences a shortage, and surge in prices of these products which are used to prevent infection to covid-19. Through the collaboration announced, authorities wish to ramp up their production to meet an...
The Togolese government seeks to raise XOF400 million to cushion the economic impact of the coronavirus pandemic in the country.
The sum corresponds to the budget of a fund created especially to preserve the economy against the disease which continues to spread across the continent. This was announced by president Gnassingbé last Wednesday.
No Togolese citizen will be ignored in this battle we...