Category Archives: Togo News

Togo News

Data security and privacy laws develop across Africa

Numerous countries in Africa have developed or implemented data privacy and security laws in their countries in the last few years. With the rapid rise in digitisation as a result of the pandemic, the broad implementation of such laws across the continent has never been more urgent. Countries including Ghana, Kenya, Madagascar, Mauritius, Nigeria, Rwanda, […]

Winch Energy signs global distribution agreement worth over USD100m to extend solar power supply to millions

Benin

Winch Energy, leading off-grid utilities provider, has announced a new shareholder and investor, ITOCHU, a listed Japanese corporation with a network of businesses in six continents including Africa, Asia and Latin America. ITOCHU Europe PLC is a wholly-owned subsidiary of ITOCHU Corporation, a Japanese trading corporation with a considerable network of businesses in six continents including Africa, […]

Trends and Events in Africa 2018

Map of the REC Pillars of the African Economic Community. Photo Credit: Wikipedia

by Johan Burger 2018 has been an interesting year for Africa, with various events and trends becoming visible. 2016 saw the effects of the slowdown of China’s economic growth due to its rebalancing of its economy and the end of the commodity price super cycle. 2017 brought some relief. In Africa, 2018 demonstrated a number […]

IMF – TOGO: Overall economic activity is showing signs of incipient stabilization despite continuing weaknesses in some sectors

An International Monetary Fund (IMF) team led by Mr. Ivohasina Razafimahefa visited Lomé during October 18-31, 2018 to conduct discussions on the third review of the program supported by an Extended Credit Facility (ECF) End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views […]

Three Innovative Projects Won Cash Prizes in the Ecobank Fintech Challenge 2018 competition

Ecobank announce Winners of 2018 Fintech Challenge

More than 412 innovative fintech entrepreneurs from all over Africa, Europe, North America and Asia participated in the Ecobank Fintech Challenge 2018. 3 winners of the competition were announced in Lomé, Togo on August 30, 2018. All 11 finalists were formally entered into the Ecobank Fintech Fellowship programme to study commercial partnerships with the Pan-African […]

Which Startup receive Ecobank Africa Fintech Prize?

Ecobank

Ecobank (Ecobank.com), the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology startups.  Startups: Lypa (Kenya) Wallet.ng (Nigeria) (Wallet.ng) Nala (Tanzania) Litee (Benin) SESO Global (South Africa) InvestED (Sierra Leone) Eversend (France) Secapay (Nigeria) Virtual Identity (South Africa) MojiPay (Togo) […]

Africa presents major blue economy investment opportunities and also sustainable development challenges

The African continent needs to work together on a country and regional level to put in place and, more crucially, implement a sustainable maritime governance system that will benefit the whole continent, concluded delegates at the first Africa Blue Economy Forum (ABEF) (ABEF2018.com). ABEF 2018 took place in London on 8 June, to coincide with […]

From pineapple juice to agtech: Investors hungry for a piece of Africa’s food industry

Africa’s agribusiness and food sector registered strong private equity deal activity during May 2018, according to industry information service Africa Private Equity News. EXEO Capital announced a $6.4-million investment, through its Agri-Vie Fund II, into Capital Fisheries – a Zambian food company specialising in the cold-chain distribution of fish and other animal proteins. Capital Fisheries has an innovative business model of […]

IMF review visit to Togo

Led by Ivohasina Razafimahefa, an International Monetary Fund staff team made a visit to Togo between March 27-April 10, 2018 and conducted discussions on the second review of the program sponsored by (ECF), an Extended Credit Facility that was approved in May 2017. The team noted that economic activity worsened in the second half of […]

International Monetary Fund Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns. Convergence of WAEMU countries’ budget deficits of 3% of GDP by 2019 is crucial for ensuring macroeconomic stability and sustaining growth. An ambitious set of reforms to modernize […]

AGOA Support Industrialisation and Regional Value Chains in Sub-Saharan Africa

AGOA is a unilateral Act of Congress that was introduced in 2000 to provide duty-free quota-free treatment for over 6 000 tariff lines into the United States market The African Growth Opportunity Act (AGOA) is a cornerstone of United States (U.S.)-Africa trade relations and has facilitated mutually beneficial trade and investment relations between eligible African […]

IMF: Togo’s economy has shown solid performance in recent years, with sustained growth and low inflation

Togo’s poverty rate declined from 61.7 percent in 2006 to 55.1 percent in 2015, though it remains geographically concentrated On May 5, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Togo. [1] The Board also approved a new three-year Extended Credit Facility Arrangement for Togo; a press […]

IMF Staff Reaches Staff-level Agreement with Togo on an Extended Credit Facility Arrangement

The agreed economic program supported by the ECF arrangement aims to improve the living conditions for the population and to maintain a stable macroeconomic environment that is compatible with public debt sustainability An International Monetary Fund (IMF) team, led by Cemile Sancak, visited Lomé from January 5-18, 2017 to carry out discussions with the Togolese […]

Five West African Countries Avoids Dirty Fuel from Europe

A number of West African countries have been sourcing fuel from Europe and reports (beginning earlier and mid this year) indicates that these European fuels do not meet the expected emission standards. In Ghana, the issue had risen in public discussions when first discovered and some environmental and health activists had used social media to […]

FAO urges Africa to immediately implement the Port State Measures Agreement

The Food and Agriculture Organization of the United Nations (FAO) is urging African governments to sign on to the Port State Measures Agreement (PSMA) and to consider taking immediate action to implement the treaty. The continent’s fisheries is scourged by persisting illegal, unreported and unregulated (IUU) fishing that put additional stress on oceans and marine resources, and […]

Togo’s Poultry Export To Honk Kong Has Been Banned

Export and import of poultry meat and eggs is very common in Africa and Asia. Togo has been exporting poultry meat and eggs to Hong Kong until there was a report of an influenza outbreak on poultries in Togo. Hong Kong, who use to import poultry meat and eggs from Togo has now banned the […]

Hotelier Program 1000 Rooms In Togo

CONFORTIS INTERNATIONAL S.A. initiates Hotelier Program 1000 rooms spread over 10 hotels throughout the Togolese territory referred WELLCITY Hotels & Resorts. This Hotelier Program is pegged to the new infrastructure developed in the country (Port, Airport, road transport, …) and anticipates the second generation of national investment in public / private partnership. LOME, TOGO, June […]

Hotel Boom in Africa – Carlson Rezidor leading Expansion

Carlson Rezidor is accelerating its growth strategy in Africa. The group has opened five Radisson Blu hotels in the first six months of 2016 and signed four new hotels including the first Quorvus Collection in Africa. The group is also entering 28th country in Africa and taking the Park Inn by Radisson brand to the […]

AHIF: Togo sets pace for new era of growth

In the run-up to the first Africa Hotel Investment Forum (AHIF) in Lomé, the organiser, Bench Events, has praised Togo’s commitment to far-reaching infrastructure improvements destined to boost economic growth and transform the country into a strategic transport hub in west Africa. Matthew Weihs, Bench Events managing director, said: “We’re very pleased to be hosting […]

Industry Salutes Togo’s Best Five Star Hotel

Togo’s top internationally-branded five-star hotel has opened – providing delegates to the forthcoming Africa Hotel Investment Forum (AHIF) in Lomé on June 21-22 with a prime example of achievement in a continent often perceived as being difficult for developers. The Radisson Blu Hotel 2 Février is the fruit of a private-public partnership between, the hotel […]

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES)

Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of […]

The Africa Hotel Investment Forum (AHIF)

AHIF is the pre-eminent event for international investors in hotels in Africa.  It takes place in Lomé, Togo on 21-22 June 2016, at the new flagship Radisson Blu Hotel du 2 Février. The second AHIF will take place on 2-4 October at the Radisson Blu Hotel & Convention Center, Kigali, Rwanda. For more information, visit […]