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Africa Business News

Togo Tender and Business News

African Growth and Opportunity Act Forum Puts U.S.-Africa Trade Policy in Focus

Togo and the United States are co-hosts for the African Growth and Opportunity Act (AGOA) Forum in Lome, Togo from August 8-10. With the Trump administration's tough talk about trade between the U.S. and all countries as a background, many eyes and ears will be on this year's forum to see if there is a substantial change in policy coming.

Special Seminar Held to Train African Civil Servants on Economic Planning

A special course was recently held on Industrial Policy in Africa, for civil servants from 20 African countries. Its goal was to strengthen the group's capacity in designing, implementing, monitoring and evaluating appropriate strategies to facilitate the structural transformation of the continent’s economies.

IAEA Study Shows Significant Water Resources Present in Drought-Stricken Sahel

The International Atomic Energy Agency, with headquarters in Vienna, Austria, has completed an extensive study of the drought situation in Africa. In a report published on May 29 on the analysis, the information shows significant reserves of good quality water are in fact still available in Africa's drought-prone Sahel region.

Two Regional Infrastructure Development Groups in Africa to Collaborate

The New Partnership for Africa's Development Infrastructure Project Preparation Facility (NEPAD-IPPF) is working with the Infrastructure Project Preparation and Development Unit (PPDU) to strengthen collaboration on the preparation of regional infrastructure projects in West Africa.

Former Prime Minister of Togo Takes the Healm at IFAD

Appointing a former Prime Minister of Togo as the sixth President of the International Fund for Agricultural Development (IFAD) could have powerful and valuable long-term implications for long-term African economic development.

IMF Reaches Preliminary Plan to Extend Further Credit to Togo

Togo hosted a team from the International Monetary Fund which visited Lomé from January 5-18, 2017. The staff-level agreement reached during the trip, led by IMF's Cemile Sancak, is a recommendation for the IMF to extend further credit to help stabilize the country's financial situation.

Lome-Cotonou Road Connecting Benin and Togo to Get Important Repairs

The Republics of Benin and Togo recently received approval for a US $40.8 million loan to upgrade a four-lane 30 kilometer road section that runs between the capitals of both countries. The repairs will reinforce the road and help minimize impacts of coastal erosion along the route.

African Governments Urged to Endorse the Port State Measures Agreement

During this week's summit on African Maritime Security, the United Nations' Food and Agriculture Organization (FAO) has taken a strong stand urging African governments to sign off on -- and take action to enforce -- the Port State Measures Agreement. The agreement is one major step to help stop unlawful fishing.

Carlson Rezidor Plows Ahead on Plan for 23,000 Rooms in Africa by 2020

Carlson Rezidor (CarlsonRezidor.com), one of the largest hotel groups in the world, is making good on its objective to have more than 23,000 rooms in Africa either open or under development by the end of 2020. The comments were made by the company's President during the recent Africa Hotel Investment Conference in Rwanda.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

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