Two years after its last update, the motor vehicle tax has been amended again. The move aligns with Togo’s new finance law and it will introduce new tariffs for certain types of vehicles.
The news was disclosed on January 18 by the Togolese Revenue Office (OTR). According to the latter, the tax measure concerns tricycles, trucks, vans, road tractors, as well as some bikes, especially those over 125cm3.
The tax is payable in full, once a year. It varies between 15,000 FCFA for motorcycles over 125cm3 to 65,000 FCFA for trucks over 12 tons, i.e. a 50% cut (compared to 130,000 FCFA previously).
Likewise, the new tariffs are reduced by 50% for those liable for the Single Business Tax (TPU) in the road transport sector, according to the Togolese Revenue Office (OTR).
As a reminder, in Togo, 85% of the motor vehicle tax earnings goes to the Autonomous Road Maintenance Financing Company (SAFER).
Last Saturday, Lomé hosted the launching ceremony for its campaign to officially take part in the 2020 Dubai World Expo to be held in the Gulf country from October 1, 2021, to March 31, 22.
The ceremony, organized by the Togolese Ministry of trade and promotion of local consumption, was attended by business owners and representatives of the nation’s employers’ association.
On the occasion, the minister of trade, Kodjo Adedze, declared: “Togo will show the international community the innovativeness and ingenuity of the Togolese people.”
“At our pavilion, we will showcase our startups’ achievements and inventions in the digital sector, and take advantage of the fair to present investment opportunities that our country offers, in every sector,” Adedze added.
Among other digital innovations the country intends to present are the Novissi cash transfer program, the CIZO rural electrification project, AGriPME, and SOFIE.
The campaign whose slogan is “On y va” (Let’s go) was launched last Thursday and will close in September 2021.
Let’s recall that the 2020 Dubai World Expo Fair was initially scheduled for October 2020 but was postponed due to the pandemic. “Connecting minds, Creating the future” is the theme of the international trade fair, which 192 countries take part in.
In Togo, the ministry of trade and local consumption urged businesses that import fabrics and printed clothes in Togo to get the certification necessary to continue this activity.
Indeed, in a recent statement, the ministry recalled the decree issued on June 20, 2020, that imposes the prerequisite to businesses importing the products concerned. This is in a context where it was found that 70% of fabrics sold in Togo are bad copies.
Those in need of the certification can contact the directorate of domestic trade and competition for more information.
According to some experts, the move aims at promoting transparency, tackling counterfeiting, and reducing unfair competition in this sector which has been contributing to Togo’s notoriety since the 60s.
It will cost CFA719 million to supply power to Kara’s agricultural park and all six communities living on the site. The announcement was made by Agence Togolaise d’Électrification et des Énergies Renouvelables (AT2ER), in a statement revealing the winner of the contract for electrification works.
According to the statement issued on January 12, 2021, e-HUB - a Togolese firm- will build medium and low tension lines for the electrification project.
In an interview with Togo First, the late Essowè Batana, former interim director general of the APRODAT (agency for the promotion and development of agropoles in Togo) had said that construction of the agricultural park, dams, irrigated areas, and other production infrastructure should have begun at the end of 2020. He added that the project would reach its cruise phase in 2022.
The project will cost CFA65 billion. More than 50% of the sum had already been mobilized at the time of the interview.
Séna Akoda
From 340,000 tons in 2018, Togo’s mango production increased to 370,000 tons in 2019. The 8.8% rise was reported by the Official Portal of the Togolese Republic.
Over the period, yield per hectare grew from 3.7 to 4.5 tons. In Togo, the mango fruit is grown over a little more than 1,500 hectares in total, with the most cultivated varieties being the Kent, Palmer, Eldon, and Somnole.
Both exported and consumed locally raw, the fruit is also processed despite major progress still to be made in this area. Indeed, there are only 10 processing units in the country. In 2019, Togo processed 2,200 tons of mangoes, up 22% compared to the year before (1,800 tons).
The sector struggles with many challenges including a low level of training of farmers, difficulties to access the production factors, great losses in output, insufficient storage, and a lack of appropriate equipment for processing. This, despite the availability of land for production, an existing local market, and high external demand (especially for grafted mangoes).
In 2019, producers got support from the MIFA to secure an export market for their yield. In December that year, the national federation of mango producers’ cooperatives (FNCPM) and the national federation of mango sellers and exporters (FNCEM) merged into the Interprofessional Council for Mango (CIF-Mangue). This aims to bolster production by ensuring better organization in the sector.
Ayi Renaud Dossavi
To fast-track the deployment of fiber optics across the country, the Togolese government adopted a new decree imposing all persons and firms undertaking construction projects to systematically deploy the fiber, at their own cost.
Togo First was informed of the reform last Thursday, by the minister of the digital economy and digital transformation, Cina Lawson.
Specifically, the decree concerns projects to expand water, power, railway, and road networks, as well as those related to ports and airports.
Works to lay the fiber as these projects are being carried out will be executed by the Digital Infrastructure Company (Société d’Infrastructures Numériques - SIN) which is fully owned by the State.
Connecting telephone towers to fiber optics networks
In line with the authorities’ ambition to rapidly deploy the fiber, it will be connected to nearby telephone towers.
Lawson stressed that “more than ever, it is necessary to cut costs to deploy the optical fiber and speed up its expansion,” in a context where the government plans to provide internet access to 95% of the population by 2025.
In this framework, the minister of the digital economy added that the adoption of the new decree “facilitates digital development in the country.” It also reminds us that “implementing the government’s development roadmap revolving around the digital sector will require broadband’s democratization and improving the quality of mobile network services.”
It should be emphasized that deploying the optical fiber, according to the ministry of the digital economy, directly aligns with Togo’s goal to become a digital hub and Africa’s top fiber-connected country, by 2025.
Séna Akoda
The Covid-19 vaccine should be available in Togo between May and June. This was announced by the Togolese minister of foreign affairs, Prof. Robert Dussey, in an interview with Israeli TV channel i24news.
While the situation in West Africa is already “under control”, Dussey insisted that the vaccine would help the Togolese population live normally. He supported the Covax initiative to facilitate access to the vaccine.
On the same occasion, the official lauded the cooperation between Togo and Israel, which began 60 years ago.
Nigerian power developer, Daystar Power, plans to start operating in the Togolese, Senegalese, and Ivorian markets. This is after raising $38 million with the help of the Investment Fund for Developing Countries (IFU), a Danish bank, and Morgan Stanley Investment Management.
The Nigerian firm, in effect, wants to expand access to solar power in West Africa, to 100 MW from its current capacity of 23 MW.
In Togo, Daystar Power should play a significant role in the government’s ambition to bring the share of renewables in the country’s energy mix to 50%, by 2030. This is one of the objectives of the national electrification strategy under which the whole country is expected to have full access to electricity by the same year.
Big projects, like the 50 MW Blitta solar power plant, have been launched to this end.
Séna Akoda
Yesterday, the workshop to validate the national strategy to promote local consumption in Togo came to an end. The two-day meeting was organized by the Ministry of Trade, Industry, and Local Consumption.
The strategy, ordered by the ministry, was elaborated with support (technical and financial) from the European Union (EU). It focuses on boosting investments in key sectors (like agriculture), in partnership with the private sector.
Moumouni Ouro-Salim, who provided consulting services for the document’s elaboration, said it should add value to local products, cut reliance on imports, boost employment, and foster decentralization.
In the long run, the new local consumption strategy should stimulate economic development, by boosting the market shares of local producers.
The initiative falls under Togo’s national development plan and its 2025 strategic vision. It also aims to prepare the country for the African Continental Free Trade Area (AfCFTA) Agreement.
Between 2015 and 2019, nearly CFA2,200 billion were transferred via Flooz and T-Money. The figure was reported by Togo’s minister of the digital economy and digital transformation, Cina Lawson, in a note addressed to the head of the PDP-NET (a parliamentary group) and deputy, Gerry Taama.
In detail, Moov’s mobile money platform, Flooz, is the most used in Togo with transfers exceeding CFA1,700 billion over the period reviewed. This is close to 78% of the total volume of transfers recorded by the two platforms; against 22% for T-Money (owned by Togocom).
According to some experts, the huge gap between the two operators could be due to the late launching of T-Money, and recent failures it experienced.
The country, data from the ARCEP indicates, recorded a substantial increase in the number of mobile money users in 2015-2019. Indeed, from 800,000 in 2015, the number of Flooz users soared to 5 million in 2019. Meanwhile, the number of T-Money users rose from around 500,000 (in 2016 when it was launched) to 4 million in 2019. The regular also noted that overall, 72% of mobile users have a mobile money wallet.
This surge pushed the penetration rate of financial services, from 10% in 2018 to 62% in 2019.
The trend, according to Cina Lawson was consolidated in 2020, by growing digitization in Togo.
Klétus Situ (intern)