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Last Saturday, the government of Togo issued a statement warning sellers against price speculation and refusing to sell some items, amid the coronavirus outbreak.
Among products concerned are milk, rice, wheat flour, vegetable oil, concentrated tomatoes, sugar, pasta, hand sanitizers, as well as gloves and protection masks.
According to authorities, "this could cause artificial...
From a single case very recently, the number of people infected by the coronavirus has increased to 9 in Togo. The ministry of health indicated that the first case has recovered.
The authorities, besides setting up an emergency fund to fight the virus, have initiated some measures aligning with the same goal. This is in a context where the WHO recently revealed that the virus is being...
On March 28, 2020, the ECOWAS Bank for Investment and Development (EBID) will clear part of its debts, totaling €5.487 million.
The sum corresponds to semi-annual interests on a bond named BIDC-EBID 6.50% 2014-2021. Through this operation, the bank raised a total of XOF40 billion which was partly used to finance eight projects in Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal,...
In Togo, Ecobank has taken some preventive measures against the coronavirus outbreak, in line with the government's instructions in the same regard.
According to the related statement, the Lomé-based lender urged its clients to preferably use ATMs for cash withdrawals. This would reduce physical contact and queuing in branches, and thus slow the spread of the virus.
The ATMs,...
The Central Bank of West African States (BCEAO) said it is working on ways to curb the financial and economic impact of the coronavirus (Covid-19) in WAEMU States.
A similar path was taken some years ago to cushion the impacts of the 2008 crisis. In this framework, multidisciplinary teams have been put in place to make projections and provisions for the West African economies to best face...
In its latest update on the evolution of coronavirus in Togo, the WHO reported that so far the country has one confirmed case, four tested negative, and 10 are awaiting test results. No new case of infection has been reported since the first case was identified.
The institution added that those who came in contact with the only infected are still under observation, in a stable condition,...
Togo’s national post company (SPT) said the processing of international mails could be perturbed due to the various prevention measures taken by the government regarding the coronavirus.
However, the SPT reassured that it is doing everything necessary to ease the disturbances to keep its clients satisfied.
So far, Togo has reported only one case of coronavirus while 10 potential...
From January 1 to March 13, this year, the National Fund for Inclusive Finance (FNFI) has disbursed more than XOF260 million to 2,012 beneficiaries.
This was possible due to the great adaptability and flexibility of our general management, “be it regarding the taking of strategic and inclusive decisions with financial service partners or in terms of follow-through.”
Out of the...
Along with measures to fight the coronavirus pandemic, the Togolese Football Federation (FTF) has suspended all its competitions “until further notice.”
According to the related statement issued by the federation, the decision aligns with the government’s recent ban on all gatherings of more than 100 people.
Besides football, other areas, cultural and literary amongst others, have also...
Lomé is currently hosting a 5-day workshop on risk assessment in public administration in Togo. Participants include various auditors and managers from ministries, as well as public finance experts.
The workshop aims primarily at reinforcing economic governance in the country while enabling concerned institutions to reach their administrative goals.
It also supports reforms...
Liquid Telecom, the pan-African internet service provider, will manage the Carrier Hotel as well as the internet exchange point.
The firm has made an offer of XOF2.9 billion, excluding VAT, for the project which it said it will complete over five years. The medallion was the main competing bidder of the subsidiary of the Zimbabwean group Econet Wireless on this project.
In 2019, at...
Chinese billionaire and founder of Alibaba, Jack Ma, will give African countries 20,000 coronavirus test kits and more than 100,000 masks.
The mogul made the announcement last week during an audience with Ethiopia’s Prime Minister, Abiy Ahmed.
‘Africa can stay one step ahead of coronavirus. To each of the 54 African nations, we will give 20,000 test kits, 100,000 masks,...
Togo will put in place a XOF2 billion fund to fight coronavirus (Covid-19). This was disclosed after an extraordinary council of ministers held on March 16, 2020, and especially focused on the pandemic.
Other measures announced to prevent the virus from spreading in the country include suspending all flights from high-risk countries (Italy, France, Spain, Germany) for two weeks starting...
Amid the continued spread of the coronavirus, Togo will, starting next Friday, suspend all flights from high-risk countries. The suspension period has been set to two weeks and could be extended depending on how things progress.
Also, travelers from such countries, France and Italy for example, who came by air or land, must isolate themselves with regular medical care, while ensuring...
In Togo, Sunu Bank wants to raise its capital by XOF1.8 billion. To this end, the former Banque Populaire pour l’Epargne et le Crédit (BPEC) has issued 400,000 new shares.
Each of the new shares has a nominal value of XOF4500 and “they are exclusively reserved for old shareholders who can exercise their preemptive right at a parity of 16,257 existing shares against 3,125 new...
Launched three years ago, the project for the digitization of criminal records in Togo should soon be operational with its pilot phase initiated in Lomé.
The news was disclosed on the official website of the presidency. The related communiqué indicates that those applying for their records online will do so either through the dedicated website or by using the dedicated app (which will be...