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Those starting a business in Togo no longer need to pay for legal notices issued on the website of the business formalities center (CFE).
The announcement was disclosed in a statement signed by Kodjo Adedze, minister of trade, industry, and private sector development. “As part of reforms to improve the business environment in Togo, we inform entrepreneurs that the fees paid for issuing legal...
The XOF100 million fund is called the “Competitive Fund for the financing of scientific research and technological innovations.”
It aligns with the government’s efforts to exploit intellectual resources to solve real challenges faced by the Togolese people. “It is important for the University to do research that contributes to development,” said the university’s president,...
Togo’s revenue office (OTR), in partnership with the national association of businesswomen (AFCET), launched yesterday the “one woman, one identity” campaign.
The latter aims at providing ID cards to more than 300 women across the country, hence contributing to their social inclusion and participation in the emergence of Togo.
According to Philippe Kokou Tchodié, general...
Last Wednesday, the ministries of health, transports, and various partners of Togo, such as the World Health Organization (WHO), met to discuss ways to fight coronavirus. This was in a context where the disease recently spread to the West African region, to Nigeria and Senegal precisely.
During the meeting, participants reviewed measures taken at the Airport of Lomé against potential...
In Togo, Banque Populaire pour l’Epargne et du Crédit (BPEC) is now Sunu Bank.
In 2018, SUNU Group acquired a majority stake (65.7%) in BPEC at a time where the lender was at the bottom of the pitfall. For its first year of activity, BPEC had recorded a loss of XOF197 million and ran on losses from 2012 to 2016.
However, since SUNU joined its shareholding, the bank’s prudential...
Cyril Ramaphosa, president of South Africa, has extended his congratulations to Faure Gnassingbé, for winning the recent elections in Togo.
The leader of the rainbow nation thus follows the footsteps of Morocco’s Mohamed VI, Gabon’s Ali Bongo, and Cameroon’s Paul Biya, who also congratulated the Togolese leader for being reelected (with 70.78% of votes).
Ramaphosa also...
Ivorian group COFINA (Compagnie Financière Africaine) plans on expanding to Togo soon, in line with its ambition to grow its footprint in West Africa.
The first West African meso-finance entity also intends to open offices in Nigeria, Benin, and Burkina Faso.
The move is subsequent to the establishment of a strategic partnership with the private equity fund Mediterrania Capital...
Initially expected to be completed last month, the St. Pérégrin hospital should be delivered next July, according to a statement published on the official website of the Togolese presidency. Construction works for the infrastructure was launched in February by Faure Gnassingbé himself.
The project’s commencement was delayed and later slowed by bad weather, in September 2019, as well....
Togo has launched another operation on the UEMOA market to raise XOF50 billion for its 2020 State budget.
In detail, Lomé will issue fungible treasury bonds at a nominal value of XOF10,000 per unit. The bonds will mature over a three-year period with an interest rate of 6.15% that will be paid starting from the first year of maturity.
Reimbursement will commence on March 16, 2023,...
Yesterday, March 3rd, Togo’s constitutional courts officially announced the reelection of Faure Gnassingbé as President.
The leader secured 70.78% of votes recorded during the recent elections and will head the country for another five years.
A new term, more social commitments
This new term will mostly focus on the national development plan. The latter, whose cost is estimated...
The world bank has made available $12 billion to combat coronavirus as the disease keeps spreading around the globe.
"This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the Covid-19," the World Bank said in a statement released on Tuesday.
In effect, concerned countries will be able to...
The port of Lomé keeps impressing many with its outstanding performances (container traffic that exceeded 1.5 million TEU in 2019).
Recently, Iju Tony Nwabunike, president of the Association of Nigerian Licensed Customs Agents (ANLCA), said regarding the infrastructure : “When you go there, you will not believe it is in Africa, and especially not in West Africa.”
According...
After Nigeria last week, a new case of coronavirus has been confirmed in Senegal, making it the second West African country affected by the disease so far. The news was reported March 2, by the Senegalese presidency.
The infected, a French citizen, has been hospitalized at the Institut Pasteur de Dakar. He arrived in Dakar two days ago, via an Air Senegal flight. All other passengers of...
As Coronavirus spreads more outside China, with new cases reported in Senegal, Nigeria, Morocco, and Tunisia, developing nations such as Togo can now rely on the World Bank’s support to fight the outbreak.
“The IMF and the World Bank stand ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak,” a joint statement from the...
The Togolese Chamber of Trade and Industry (CCIT) will establish an industrial zone in Agbélouvé (62 km from Lomé), and exactly in Kotso-Kopé. This zone will house a 50MW solar plant.
For the project, the CCIT is backed, financially and technically, by its German partner Sun Farming Food & Energy, as well as other institutions.
Over a decade, after it is launched, this...
Togolese startup eConvivial is a laureate of the “Challenge des 1000” contest launched by France to enable Africans to take part in the Africa-France summit and the Cité des 1000 fair. The news was announced by the startup itself on its twitter account.
The firm which operates in the health sector has developed a web and mobile app to boost youths’ access to healthcare and...