Togo First

Togo First

So far, only 2% of Niger’s exports transit via Lomé’s Port. However, the port’s authorities, in collaboration with business operators from Niger, intend to increase this figure to 5%.

To this end, many measures should be implemented, according to Fogan Adegnon, Managing Director of the Autonomous Port of Lomé.

Amongst these, improving passage across Burkina corridor and opening the Ponio road (Burkina) would significantly reduce distance travelled from Niger to reach the port of Lomé.

Also, passage costs should be reduced, by suppressing freight distribution, opting for door-to-door transportation of containers, without emptying; this would push consignees to lower deposits they demand.

By doing these, Lomé’s port should capture a significant portion of Niger’s exports via the facility, thus strengthening its position as logistic hub for landlocked nations in the region.

After Téolis, internet service provider GVA (Group Vivendi Africa), subsidiary of French group Vivendi which specializes in communication and entertainment, should begin operations in Togo by the end of this month. This was revealed by Togocel’s Managing Director, Affoh Atcha-Dédji, in an interview with L'Afrique Aujourd'hui.

“In Togo, we are transforming telecom sector to make it open and competitive. In 2017, licences were granted to Vivendi’s subsidiary GVA. The firm is currently establishing itself, pulling cables, and should be operational by the end of March,” Togo’s leading mobile operator’s MD said.

“It will bring fiber to the home (FTTH) in Lomé, or rather, in some of its areas to start with,” the executive added.

In June 2017, Togo’s government granted GVA Togo its first broadband ISP operating license. With this license,it enabled the firm to install FTTH within a nine months period,which is expected to run till the end of this month.

Confirming Atcha-Dédji’s words, Vivendi said in a statement that the technology would be deployed at first only in some of the capital’s areas, “offering FTTH to many households and businesses at affordable prices”.

Fiacre E. Kakpo

In Lomé, the single desk for youths and businesswomen is now operational. The desk was established March 6, 2018, at the Togolese Revenue Office (OTR), according to a joint statement released on March 12, 2018 by the ministry in charge of grassroots development and ministry of economy and finances.

The institution’s creation is in line with the President’s concern regarding easy access to public procurements by youths and businesswomen. Indeed, the Presidency wants to provide 20% of the procurements to this social group. So, the desk will centralize all processes and facilitate processing of all administrative procedures related to public procurements reserved for youths and businesswomen.

The desk’s launch falls under a battery of measures initiated by the government to improve business climate. These include for example less demanding administrative and financial conditions, creation of an e-platform where youths and businesswomen can register to access the single desk and sectorizing the public procurements. 

Only operating in Lomé at the moment, the newly established desk will be expanded to other parts of the country soon.

According to official figures, the 20% of public procurements set aside for youths and businesswomen is valued at CFA40 billion, for this year.

Under the aegis of the minister of trade and private sector promotion, Bernadette Essossimna Legzim-Balouki, open houses at the Société d’Exploitation du Guichet Unique pour le Commerce Extérieur au Togo (SEGUCE-TOGO) begin Today and will end on March 15, 2018, at the firm’s headquarters.

The event is scheduled as follows: on March 13, SEGUCE’s top executives will be introduced just after the opening ceremony; March 14 will be reserved to certified customs commissioners, importers and exporters; and on the last day, business owners, students offering logistics and external trade will be under the spotlight.

According to SEGUCE’s executives, this schedule is for reference sake only in order to avoid crowding.

It is however important to note that SEGUCE helps simplify and ration procedures related to the clearance of goods, accelerate their passage and reduce related processes’ costs and delays.

Its long-term objective is to make relations between external trade actors more transparent. The creation of this entity helped Togo boost its performances, in terms of logistics.

Aiming to raise CFA60 billion with the “TPTG 6.90% 2018-2023” bond it issued between the end of 2017 and the beginning of 2018, the Togolese government was able raise FCFA61.8 billion through this operation which was arranged by Dakar-based CGF Bourse. This was revealed in a press statement available on the web page of the Togolese ministry of economy and finance: http://finances.gouv.tg/fr 

The bond issuance was thus extremely successful and its proceeds should be used by the State to pay arrears on domestic debt and finance development projects.

In detail, six million securities were issued. Nominal value is CFA10,000 and annual interest rate is 6.9% tax-free for Togolese subscribers ; the latter is payable on a semester-basis with no grace period.

Let it be recalled that Togo’s government had committed to request for the securities issued to be listed on the Bourse Régionale des Valeurs Mobilières (BRVM), three months after vesting date which was set on January 26, 2018. The goal was to allow those wishing to, to rapidly mobilize funds by selling their securities on the secondary market.

The International Monetary Fund, it should also be recalled, had approved the issuance of this bond. According to the ministry of economy and finance, the institution wishes to support the government “in clearing its domestic commercial debt and boost economic activity through the private sector”.

Monday, 12 March 2018 16:55

Togocel to launch 4G next month

Togocel, leading mobile operator in Togo, will launch 4G at the end of April 2018. This was disclosed by the firm’s MD, Affoh Atcha-Dédji, Afreepress reports.

This comes after a similar move by Téolis last month.

Togocel, which detains 70% of mobile market’s share in the country, indicates that launching the technology falls under its strategy aiming to provide broadband of quality and affordability all over the country. It also aligns with the government’s goal to make Togo a digital hub in the coming decades, while ensuring that broadband is available in the whole country.

In this framework, the upcoming arrival of internet service provider GVA (Group Vivendi Africa), subsidiary of Vivendi, which will position itself on fiber optic, is a new milestone in the development of local telecommunication market. The latter, let’s recall, is expected to grow by more than 6% yearly, in the next two years.

Fiacre E. Kakpo

After recording a negative inflation (-0.8%) in 2017, level of prices should rise in 2018, according to data obtained by Togo First from institutions like BCEAO, World Bank and Ecobank.

Indeed, this level should increase by 1.2%, Ecobank’s experts said.

As for BCEAO, it states that inflation rate was -0.1% at end-January 2018, year-to-year, and -1.6% in December 2017 (year-to-year still).

On a year-to-year basis, average in the region was 0.9% at end-January 2018; Burkina Faso and Niger recorded the highest rates. Throughout the rest of the year, inflation should rise but still remain low, in line with WAEMU’s convergence criteria, to better stimulate local demand.

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Nine days. That is how many days, on average, was needed to complete property transfer in January 2018. Abbi Toyi, director of cadaster and domain affairs (DADC) said in an interview with Togo First on Friday March 9.

According to a document provided by his office, transfer requests are processed in 1-21 days, but much more between 3-8 days.

The feat can be attributed to the reinforcement of technicalities and staff, rising digitization and association of DADC and OTR.

“Today, we have enough manpower”, Toyi said, promising to keep the average delay under 15 days this year, from 20 days last year. 

Besides these achievements which should further improve in days to come, the official attributes the shortening of transfer delay to authorities’ will to improve business climate in order to attract more investments.

Regarding the latter, he added that by 2020, if reforms are pursued, Togo could beat nations like Rwanda in terms of property transfer. Rwanda, according to the Doing Business, is the number two in Africa in this ranking.

Fiacre E. Kakpo

Under the restructuring process started January 11, 2018, the government of Togo, during a ministers’ council held on 7 March 2018, proceeded to six new appointments within the ministry of economy and finances.

Agbenoxevi Kofi Paniah and Ayélé Datti, both finance administrators, were respectively appointed national head of financial control and head of public debt and financing.

Lida Amen Adzoa-Sika Fiawoo Edorh was named as Receiver General for the State.

Kondi Ikpindi Sonhaye Napo, originally central inspector of Treasury, was named paymaster general of the State.

Yao Oniankitan Donko Gbadje, previously general central inspector of Treasury is now General Treasurer of the State.

Last is Kudzo Eva Ametonou who was named general accountant of the State. He was also general central inspector of Treasury.

On March 7, 2018, the Karité Togo label was launched under the aegis of the Ministry of Agriculture and Husbandry in partnership with SOIF Togo Foundation and Société Togolaise de Karité (STK).

This project aims at reviving the shea butter sector by betting on its processing into various derivatives, and in the long run exporting.

It also falls under the government’s strategy to reduce poverty and create jobs in rural areas. In fact, 300 women in the Central regions, Kara and Savanna areas have already been trained in shea butter processing.

Let’s recall that from 8th to 10th August last year, Lomé held the 16th African Growth and Opportunity Act (AGOA) annual forum. The act to which Togo has been elligible since 2008, eases access to US for sub-Saharan African products. At the end of the meeting, Togolese authorities reiterated its determination to establish an adequate framework to support economic operators in order to fully profit from AGOA. Actually, a monitoring cell was, on the sidelines of the event, put in place to boost and diversify Togolese exports to US.  

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