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At end-September 2019, Togo's public debt ratio was 68%. The good news was revealed yesterday by the minister of economy, Sani Yaya. The official was addressing parliamentarians in the framework of the adoption of the supplementary budget act 2019.
Yaya added that "efforts are pursued to keep the debt ratio, at the end of December 2019, below the WAEMU standard which is 70% of the...
Today, Jack Ma meets with young Togolese and African leaders and entrepreneurs, alongside President Faure Gnassingbé.
This is a first for the Chinese tech mastodon, philanthropist and founder of the Alibaba group.
Hosting the meeting is Cina Lawson, the minister of the digital economy and technological innovations. On this occasion, participants will have the chance to exchange...
"For the fourth consecutive year, Togo is eligible for an MCA program." This was declared by Stanilas Baba, coordinator of the Millenium Challenge Account (MCA) Unit in Togo.
This was during a meeting to present the country's 2020 MCC scoreboard held today. The meeting reviewed some of the major points of focus of the MCA in various ministries and top government administrations....
A U-Lab incubator will soon open its doors at the University of Lomé.
The incubator will produce quality innovations that tackle real issues both at the local and global levels. Entrepreneurs incubated at U-Lab will receive tailored technical support from experts, and financings; this, as a result of a partnership between the University of Lomé, Ecole des Mines Albi Carmaux in France,...
Initially scheduled for November 11, 2010, the training of agricultural drones’ pilots has been postponed to coming December 9th.
This comes from a press release signed by Dona Etchri, head of the West African accreditation center for agricultural aviation and agricultural precision.
The training center's management decided to postpone the date of the classes' opening to allow as many...
The Youth Entrepreneurship Promotion Program (PPEJ) is currently celebrating its 30th anniversary.
The Togolese initiative has since 1994 provided more than XOF500 million in subsidies to about 3,000 young entrepreneurs. It is, according to Victoire Tomegah Dogbe, minister of grassroots development, a pioneer of tools supporting self-employment of youth.
Previously known as the...
Once again, Togo is among the top 10 countries most open to other African citizens. This is revealed in the latest update of the Africa Visa Openness report 2019 released yesterday at the Africa Investment Forum organized by the African Development Plan (AfDB).
According to the document, for the first time since 2016, Africans have free access to 51% of the continent. In detail, they no...
Public transport startup Gozem celebrates this month, a year of activity in Togo. The firm, founded by Nigerian Emeka Ajene, claims more than 250,000 downloads on the Google Playstore and thousands of customers and drivers.
This performance is attributable to the security and reliability the startup provides. The firm uses taxi-bikes, taxi-cars, and tricycles to provide its...
In partnership with the Agricultural Financing Incentive Mechanism (MIFA), KFB Group now provides support to entrepreneurs who wish to acquire agricultural machinery (tractors, seeders, harvesters, trailers, etc.).
All Togolese aged between 21 and 41 years, holding at least a Junior High School certificate (BEPC) or equivalent, can benefit from the support, "provided they are engaged in the...
Today, Victoire Sidemeho Tomegah-Dogbe, minister of youth, has begun a two-day tour to review progress made relative to the Project Supporting the Employment and Insertion of Youth in Promising Sectors (PAEIJ-SP).
The operation covers the coastal and plateaux regions and will enable the minister and the team that coordinates the project to gather feedback from the project's beneficiaries....
A total of XOF1.2 billion will be spent on 11 community projects benefiting populations that are often exposed to coastal erosion issues.
Among others, the projects will cover sustainable land management and the rehabilitation of small public infrastructures damaged by floods.
The related financing agreement was signed at the end of last week, by the minister of environment,...
Lomé-based banking management software developer CERGI Banking has added two new banks operating in Togo to its customers. These are Bank of Africa (BOA) and African Lease Togo (ALT) which operate on the leasing and factoring segment.
BOA-Togo reached out to CERGI Banking to handle the automated deliverance of all its regulatory statements to the BCEAO. The second operator, ALT, signed...
The Informal Sector Organization's Delegation (DOSI) holds, starting today, Open Houses across the whole country.
To take place in capital districts (Dapaong, Kara, Sokodé, Atakpamé, Kpalimé, Tsévié, and Lomé) specifically, the open houses aim at better informing informal operators of DOSI's existence and services.
"The event should cover topics such as requirements to meet to...
Beyond CFA4,000 billion. That is how much studies and construction works for the rail loop, that will connect WAEMU States, will cost.
This was revealed last Thursday in Abidjan, by Paul Koffi Koffi, the commissioner in charge of community land-use planning and transports within WAEMU. This was during a meeting regrouping ministers of transport of the union.
According to the...
Togo: Dangote inks two major deals with the government to invest in the cement and phosphate sectors
Nigerian mogul Aliko Dangote has signed two major deals with Togo, both amounting to a total of $2.060 billion. The agreements were signed by Dangote and Togo's minister of mines, Marc Ably-Bidamon
The first deal which corresponds to an investment of about $2 billion will focus on valorizing and transforming Togolese phosphate in phosphate fertilizers for export across West Africa....
Next November 15 and 16, Lomé will host the first edition of its Young Entrepreneurs Fair.
Placed under the theme "Entrepreneurship: How to move from dreams to reality?" this fair will be held at Canal Olympia Godopé. It aims to boost entrepreneurship by showcasing opportunities for business in the digital and new technology sector, marketing and communication, culture, agro-food,...