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A two-day national dialogue to discuss the preservation of forests and the environment was launched on January 22, 2020, in Lomé.
The talks focused on the rational use of firewood by populations.
On this occasion, participants shared their respective knowledge of bioenergy to reduce the excessive exploitation of forest resources.
“Degradation is partly due to...
For its second operation on the UMOA securities market this year, Lomé will issue fungible Treasury bills, instead of fungible Treasury bonds like it did for the first operation on the regional market.
However, the amount sought is the same for both operations - XOF25 billion. The proceeds will mainly serve to meet the government’s budgetary needs for 2020.
The related tender was...
Togo’s Urban Development and Infrastructure Project (PIDU) is searching for a consultant to develop its website.
A call for manifestation of interest was launched to this end and it will close on January 29.
In detail, the hired consultant will research the project, design the website’s template and produce its content, put it online and manage it.
The PIDU was launched more...
Since 22 Jan 2020, smartphone and landline users could not connect to the Internet (3G or 4G) in Togo.
“Our mobile and landline internet services are seriously affected,” reveals TogoCom, the former State-owned mobile operator.
The operator attributes the situation to technical issues with submarine cables in Portugal and Spain.
“All our technical teams are working to...
With some of its partners, the Togolese Ministry of youth will help beneficiaries of the Youth Employment and Insertion in Profitable Sectors Project (PAEIJ-SP), to find outlets (local and regional) for their products.
A call for manifestation of interest was issued to recruit a consultant who will carry out the project. The deadline for submission of tenders is February 10,...
Ogar Assurances exited Togo and thus closed its last operation in West Africa.
The exit comes after a meeting of the regional regulator of insurance markets (CRA). During the meeting, held in December 2019, the regulator retrieved all of Ogar’s accreditations.
Prior to the ultimate move, the CRA had prohibited the insurer from registering any subscription or renewing expired...
CDC Group, UK’s State-owned impact investor, just committed a $20 million investment in the Adiwale Fund I, a private equity fund targeting small and medium enterprises (SMEs) in West Africa. Adiwale Fund I is the first fund raised by Adiwale Partners, a private equity management fund founded by Togolese natives Jean-Marc Savi de Tové and Vissého Gnassounou.
The announcement was...
In Q3 2019, loans given by Togo’s microfinance institutions were up 8%, compared to the same period in 2018, data from the West Africa Central Bank (BCEAO) shows. In the West African Economic and Monetary Union (WAEMU), the figure grew by 12.1% y/y, to stand at XOF1,498.9 billion.
Togo, over the period reviewed, was behind Mali (+17.1%), Burkina Faso (+13.5%), Senegal (+13.3%),...
The International Development Association (IDA) will finance works to rehabilitate and asphalt a 3.2km-long road in Kara (450 km from Lomé).
The works, which are estimated to cost XOF2.6 billion, are part of the Urban Development and Infrastructure Project (PIDU). They are divided into two parts.
The first part spans a distance of 1.5 km and asphalting works will cost XOF1.11 billion....
The Togo-Brazil business forum should be held in São Paulo this year.
We planned to hold it (the forum) in 2020 and we will do it, said Brazil’s ambassador to Togo, Antoniõ Carlos de Salles Menezes. This was yesterday, during a meeting with the president of Togo’s national assembly, Yawa Dzigbodi Tsegan.
Besides Togolese officials and Brazilian businessmen, the event should attract...
A total of 7,350 people applied to take part in Togo’s first agricultural entrepreneurs’ forum. The event which started today takes place at the University of Kara in the northern region.
A quarter of the applications (1,126) were sent by women. The total number of applications registered has, according to the forum’s organizers, exceeded the expected, that is 5,000...
To date, Togo national health insurance (INAM) covers 254,844 people and has 104,288 subscribers. The numbers were reached in the past seven years.
INAM, let’s indicate, provides insurance to public workers and their relatives. The instrument covers maternity expenses as well as fees for the treatment of non-professional diseases, and accidents.
The institution is currently headed...
The French Agricultural Research Centre for International Development (CIRAD), which has many operations in Africa, wishes to rebuild its relationship with Togo.
In an interview with newspaper CommodAfrica, Christian Cilas, CIRAD’s regional director for West Africa, said the institution wants to “revitalize some regions like Guinea Conakry and especially Togo.” According to the...
Throughout the current quarter, Togo, Benin, and Ghana will get fewer gas supplies from Nigeria. This is due to inspection and cleaning works which will begin on the West African Gas Pipeline (WAGP) from January 20th and end on, or before, March 21st.
The news was disclosed in a statement issued by the West African Gas Pipeline Company (WAPCo) which operates the infrastructure. It was also...
For its first operation on the UMOA-securities market this year, Togo recorded more than XOF69 billion of subscriptions for its fungible treasury bonds. Initially, the government was seeking XOF25 billion through the fundraising that occurred last Friday.
The performance represents a coverage rate of more than 276%. This is in a context where elections -which usually are a period of...
Togo will intensify reforms to further boost its economy. The ambition was reiterated by Sandra Ablamba Johnson, minister delegate and advisor of the President, for business climate - in an interview with the local bi-monthly newspaper Imagine Demain which released its latest issue on Thursday, January 16.
On the occasion, the official also cited the national development plan,...