Author: Nephthali Messanh Ledy

Announced for several months by the Togolese economist Kako Nubukpo, one of the defenders of the CFA franc, the general states of the Eco, the future single currency of the ECOWAS, are becoming clearer. The event organized by the University of Lomé – of which he was the short-lived dean of the Faculty of Economics – is being held from May 26 to 28, 2021 on the theme: “which currency for which development in West Africa? “. “The general objective of this conference is to make a forward-looking reflection on the future monetary union of ECOWAS in connection with the…

Under arrest since the end of April 2021, the former Togolese Minister of Communication, Djimon Oré, was sentenced on Tuesday, May 18 to 2 years in prison by the courts for insulting the authorities and disseminating false news. Arrested since April 29 and kept at the Central Service for Research and Criminal Investigations (SCRIC), he was presented to the public prosecutor and to the examining magistrate before being charged with breach of honor, attempted aggravated disturbances to public order and insults towards representatives of public authority. Djimon Oré was then deposited on May 14 in Lomé civil prison. His arrest…

African airlines have suspended flights to and from India, currently overwhelmed by the Covid-19 tsunami and its new variant causing a deadlier third wave. These are Kenya Airways, EgyptAir and RwandAir. If the Egyptian company plans a takeover on May 31, 2021, the two other carriers whose decision was announced earlier this month prefer the formula “until further notice”. In Kigali for example, in a statement released on May 1, Rwandair explains this suspension of flights by “the increase in Covid-19 cases across India”. For their part, Ethiopian Airlines, Air Tanzania and Air Mauritius are maintaining their flights to Indian…

The Gabonese president pleaded for Africa during his speech on April 22, 2021 at the Leaders Climate Summit organized by his American counterpart Joe Biden. According to a press release from the presidency, Ali Bongo Ondimba renewed his commitment to the environmental cause, by inviting his peers to support the acceleration of adaptation in Africa, by providing capital to the Green Climate Fund, including financing. of the climate debt of African countries. “On this subject, he noted the capital role played by the forests of the Congo Basin in capturing several billion CO2, thus helping to avoid a worsening of…

The “Kékéli Efficient Power” thermal power plant, developed in Lomé by the French group Eranove, will be inaugurated on April 23, 2021 in the port area of ​​the Togolese capital. The infrastructure has an installed capacity of 65 MW, and uses combined cycle technology, which produces more electricity without additional gas consumption and limiting CO2 emissions. According to information communicated in 2019 by Eranove, the Togolese State is a co-shareholder of the plant through the acquisition of a stake by Kifema Capital, an investment company whose shareholders are the sovereign fund Togo Invest, and other national institutions. . Kifema’s participation…

The official launch of the think tank “A new Road”, the first dedicated to African public debts, initially scheduled for April 21, 2021, will take place between May 5 and 6. Ivorian Prime Minister Patrick Achi, announced to chair the ceremony from Abidjan, having convened a government seminar from April 21 to 23, we learn. On the new date, the event will still take place in the Ivorian capital and will be broadcast by videoconference, sources close to the organization indicate. As a reminder, the new think tank was created at the initiative of Nicolas Jean, partner and member of…

It is a real earthquake that has been operating in recent hours in the world of European and world football. Between the Union of European Football Associations (UEFA) and the big European football clubs, war is declared. Despite repeated warnings from UEFA and warnings from Gianni Infantino, president of FIFA, the supreme body of world football, the elite of the big teams of European club football have decided to disregard and split for create a dissident league called the European Super League to compete with the traditional and historic Champions League (C1) organized each year by UEFA. The big financial…

The European Union (EU) and the Organization of African, Caribbean and Pacific States (OEACP, formerly the ACP Group of States) concluded this Friday, April 15, a new partnership agreement which marks the official conclusion of negotiations. the post-Cotonou agreement, which sets the framework for political, economic and sectoral cooperation for the next twenty years. This is the culmination of a process that will have lasted nearly 3 years between the two parties. An “arduous” negotiation process, notes the Togolese minister, representing the OEACP countries, in an official statement. “But I am delighted with the end result”, he added, adding that…

The stimulus bond issuance program (OdR), launched on the UMOA regional market in February 2021 by the UMOA-Titres agency in collaboration with the Central Bank (BCEAO), resulted in an overall raising of 578,523 billion FCFA in two months, against a forecast volume of 535 billion FCFA, with an overall coverage rate of the amounts put out to auctions of 240.58%. Information given in a press release published on April 12, 2021. This coverage rate “reflects a strong investor interest in government securities issued by Union issuers and their commitment to contribute to the economic recovery efforts of States in the…

Does Niger want to continue with the old demons? 48 hours before the first democratic and peaceful transition of power, several sources announce an attack on Wednesday, March 31, against the presidential palace and an attempted coup. According to local media, heavy weapon fire did indeed sound early this morning (around 3:00 am local time) towards the Presidency and other downtown areas, before the situation came under control a few moments later. The presidential guard repelled the attack and the situation appears to have come under control, it is said. These events are reminiscent of the sad episode of coups…

Togo’s public debt would amount to CFAF 2,555.45 billion as of December 31, 2020, or 59.42% of GDP calculated after the GDP rebasing work completed in October. According to the data at the date considered, the public debt portfolio is less exposed to exchange rate risk. It is made up of 80.50% of debts denominated in non-fluctuating currencies (FCFA and Euro) and is influenced by the fluctuations of certain major currencies such as the US dollar (6.88%), the yuan renminbi CNY (6.35% ), Special Drawing Rights (SDRs), IDB and ADB units of account (5.11%). For the year 2020, it is…

The State of Benin has announced that it has retained the Sonatel group as a private partner to pilot the Beninese digital infrastructure company (SBIN), the third mobile telephone operator in the country to operate alongside MTN and Moov Africa, a subsidiary of Maroc Telecom. . This is one of the crucial stages in the restructuring of the Beninese public telecommunications sector started in 2017. “After the implementation of structural reforms in the telecommunications sector, the Council of Ministers decided, during its meeting of March 18, 2020, that the SBIN be authorized, in addition to its mission of managing digital…

Shelter-Afrique, a pan-African housing development finance organization, announced on March 3, 2021 that it had signed in Nairobi a memorandum of understanding with the Togolese government to co-develop 3,000 housing units in Lomé. The deal, he says, is expected to step up the development of large-scale affordable housing projects in the country. According to Togolese Minister of Town Planning, Housing and Land Reform, Koffi Tsolenyanu, quoted in a Shelter-Afrique press release, the housing deficit is a major problem in Togo as in many other African countries. Recalling that the government, to make up for this deficit, launched a large-scale social…

According to the latest estimates made from production data at the end of September 2020, the real GDP growth of the DR Congo should stand at 0.8% in 2020 according to the Central Bank (BCC) which expects an increase of 3.2% in 2021. After reaching 5.8% in 2018, economic activity has already slowed down in 2019 with a growth rate of 4.4%, due to the fall in the prices of raw materials, in particular of cobalt and copper which represent more 80% of the country’s exports. These effects, combined with the consequences of the Covid-19 pandemic, have further dragged growth…