Inspiring Leadership & Sustainable Business Transformation in Africa
TOGO – IFC, a member of the World Bank, has announced a financing package for Zener SA, a leading integrated energy provider, to help reduce the use of polluting fuels for cooking in the country and mitigate climate change. The EUR16.2 million (US$16.50m) IFC-led financing package for Zener, which operates across Togo’s full liquified petroleum gas (LPG) value chain, comprises…
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TOGO – The Togolese Republic has announced the completion and re-launch of its electronic visa issuance system (e-Visa), Togo VOYAGE. The fully-digitized website marks an important milestone in the government’s Digital 2025 Strategy. The homegrown solution aims to simplify and streamline the entire visa process for travellers. The new system will allow applicants to complete the application process (including submission…
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TOGO – Gozem, a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa, and the International Finance Corporation (IFC) have signed a US$10 million partnership. The project will enable Moto-Taxi drivers in Togo and Benin to access affordable vehicle financing to purchase or rent bikes with the ultimate goal of increasing…
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WEST AFRICA – M Auto, a ‘mobility as a service’ startup has raised undisclosed funding from Africa Transformation and Industrialisation Fund (ATIF), to launch in Togo and Benin. The move will see it as the largest electric vehicle startup in Africa with 500 e-bikes on the ground and 3 000 bikes ready for market. M Auto’s mission is to provide…
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TOGO – CSquared, an open-access wholesale broadband infrastructure company, has landed Google’s Equiano in Togo to transform the broadband landscape in the country. Google’s Equiano is a subsea internet cable running through Portugal to South Africa, connecting the continent with Europe. This makes Togo the first landing point of Google’s Equiano in Africa. The subsea cable will have a direct…
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AFRICA – Kyle Kelhofer has been appointed as the senior regional representative of 5 sub – Saharan countries by The International Finance Corporation (IFC). Kyle Kelhofer will oversee operations of IFC, the private sector arm of the World Bank, in Benin, Ghana, Liberia, Togo, and Sierra Leone. He succeeds Nigerian Ronke-Amoni Ogunsulire in this position and will be based in…
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TOGO – The Togolese parliament has approved a budget of 23 billion CFA francs (US$40 million) in line with its budget laws to secure the supply of water in Togo, which is currently estimated at more than 70%. Expenditures related to the supply of drinking water are increasing over the years in Togo. This is normal, according to the Togolese…
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TOGO – Gozem, a West African-based eCommerce startup which offers ride-hailing, logistics, food delivery, and fintech services, has raised US$5 million in Series A funding. Togo and Singapore-based AIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express), and Liil Ventures (Mobility ADO) invested in the latest round. According to a statement, the financing will assist…
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CAMEROON – Gozem, a West African-based eCommerce startup which offers ride-hailing, logistics, food delivery, and fintech services, has launched is set to launch its taxi-booking app in Cameroon. Gozem was founded in 2019 by Emeka Ajene and Raphael Dana, operating an app that offers transportation, logistics, e-commerce and financial services in primarily-francophone African countries. In addition to increasing competition in…
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TOGO – The Islamic Development Bank (IsDB) has approved a €17.38 million (US$20.11m) loan for rural electrification project in Togo that relies mainly on solar mini-grids provided by private companies. The Islamic Development Bank (IsDB) financing was approved at its 342nd Board of Directors meeting in Jeddah, Saudi Arabia. It is a loan of €17.38 million (US$20.11m) for the electrification…
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