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“Togo has lifted bureaucratic obstacles for entrepreneurs.” This was recently disclosed by the U.S. State Secretary Mike Pompeo, in a speech at the United Nations Economic Commission for Africa.
The diplomat was commenting on improvements made by the West African country to facilitate business creation.
In this regard, Togo gained 69 places on the starting a business indicator...
Gas exports from Nigeria to Benin, Togo, and Ghana have restarted. The news was announced by the West African Gas Pipeline Company (WAPCo) last week, the firm that runs the pipeline through which the gas is exported.
Operations at the facility had been halted for cleaning and inspection which were supposed to be completed at the end of March 2020. The works, completed earlier than...
Togo raised on February 28, 2020, more than XOF56 billion for its fourth transaction (a fungible Treasury bond issuance) on the UMOA-Titres market this year.
Lomé will, however, retain only XOF27.5 billion while it initially sought 25 billion. Compared to the total amount mobilized, the operation’s coverage rate stands at 224%.
Bonds issued have a nominal value of XOF10,000 per...
“For the second consecutive year, Togo is one of the 10 first economies to improve their business environment for a better economic integration with its international partners, according to the World Bank,” says Michael Gerdts, German diplomat, at the end of a meeting on European projections for Africa, regarding investment.
According to the diplomat, even if Europe suffers various...
The infected is an Italian who returned to Lagos, where he works, three days ago. The Nigerian ministry of health has “confirmed a coronavirus case (Covid-19) in the State of Lagos” via Twitter. The case which was confirmed on February 27, 2020, is the first in Nigeria since the epidemic broke out.
However, “for now the patient’s state is stable and shows no grave symptoms,”...
Togo is now the 63rd (out of 190) country on the World Bank’s women, business and law index. The latter measures the legal differences on access to economic opportunities between men and women in 190 economies. It is based on the eight following indicators: Mobility, workplace, pay, marriage, parenthood, entrepreneurship, assets, and pension.
The population surveyed answered questions...
At the beginning of this week, the 43rd regular session of the UN human rights council was opened in Geneva, by Antonio Guterres, secretary-general of the UN. Various topics covered at the meeting include improving, promoting and protecting human rights all over the world.
Togo is represented at the session by Yackoley Koko Johnson, the Togolese Ambassador Extraordinary and Plenipotentiary...
The government of Togo seeks to augment the capital of the “Huilerie de Sokodé,” which is a soy-based oil factory located in Kparataou, in the Tchaoudjo prefecture.
In detail, the firm’s capital will be increased to about XOF487 million, 30% of which the government seeks to raise from a local private investor. To this end, public authorities have launched a tender that closes on...
In Togo, the government plans to achieve maximum internet coverage as quickly as possible. In that regard, it “will extend and improve the digital coverage of the territory,” revealed Cina Lawson, Togolese Minister of Posts, Digital Economy and Technological Innovation, in a recent release.
“Our target is that by 2022, 90% of the population will have access to broadband internet,”...
In Togo, the foundation stone of a ginger and pepper processing plant was recently laid in Gbadi-Nkougna, the Plateaux region.
Planned to be completed by 2022, the project is led by Boss Approche Agricole, which partnered with German and Canadian companies.
Its minimum yearly processing capacity is 200,000 tons of ginger.
The plant, a XOF13.5 billion investment, will boost farmers’ yield and...
Between 2010 and 2018, Togo’s cotton output rose from 27,000 tons to 137,255 tons. This is due to the restructuring of the sector following the creation of Nouvelle société cotonnière du Togo (NSCT), and the establishment of a national federation of cotton farmers.
While cotton greatly boosted the Togolese economy over the period reviewed, it is not the only cash crop to have played...
Togo, via the Ministry of Agriculture, recently signed a specific agreement in the framework of its soil fertility map elaboration program. Through the agreement baptized "Convention Spécifique n°2," Moroccan Foundation OCP will enhance its support to the country for the elaboration of the said map.
Togo is in partnership with OCP in the framework of a 2-year program aimed at assessing...
As part of the 2020 state budget, the government allocated XOF25 million to the ministry of infrastructure and transport, for the rehabilitation of the Sarakawa mausoleum.
Firms interested in handling the project have until March 10, 2020, to submit their bids to the ministry of infrastructure.
The historic site, it should be recalled, is near the place where the plane of the late...
In Togo, various water retention basins will be connected under the Urban Development and Infrastructure Project (PIDU). The basins in question are the “deux lions” basins and “Caméléon” basin (in Agoè-Nyivé and Adidoadin).
In detail, the works will involve draining the Caméléon basin and directing the drained water to the basin of Agbalélépédogan (in Adidoadin and...
Togo’s independent national electoral commission (CENI) released yesterday night provisional results for the presidential elections.
Leading the polls is the outgoing president, Faure Essozimna Gnassingbé, with a majority of 72.36% of votes (1,938,889 votes exactly). Just behind him are the candidates of the MPDD and ANC, Kodjo Agbéyomé (18.37%), and Jean-Pierre Fabre...
In Togo, Sunu Bank, formerly Banque Populaire pour l’Epargne et le Crédit (BPEC) has adopted WhatsApp banking services to allow its clients to instantly get their account balance, among others.
With the services, Sunu Bank’s clients will also have access to their 10 most recent transactions. In addition, with Whatsapp banking, they will be able to deposit money on their account, buy...