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Over the past three years, Togocom has paid about CFA15.4 billion in dividends to the Togolese State. In detail, the telecom operator paid CFA7.08 billion in 2023, CFA6.1 billion in 2022, and CFA2.3 in 2021. TogoFirst obtained the data.
This year, the State expects around CFA7 billion in dividend payments from Togocom.
The increased dividends payment mirrors a healthy telecom...
Starting tomorrow, January 20, a new toll booth will be operational on the Segbe road in the southwest suburbs of Lomé. The booth was officially commissioned by the Minister of Public Works, Zourehatou Kassah-Traoré. It will be managed by the Autonomous Road Maintenance Company (SAFER).
Funds collected at the booth will help the SAFER meet its projected needs for 2024–the latter stand at...
China is interested in supporting Togo’s Emergency Program for the Savannah Region (PURS) and helping the African country better address the security crisis plaguing its northern region.
This was one of the topics covered during the recent visit of Chinese Foreign Minister, Wang Yi, in Lomé, the capital.
"China is very interested in supporting the PURS Program, especially in the...
In Togo's Savanes region, the 60 health centers rehabilitated or built as part of the "Services de Santé Essentiels de Qualité pour une Couverture Sanitaire Universelle" (SSEQCU) project are officially operational. They were inaugurated on Monday, January 15, 2024, by a ministerial delegation as part of the national awareness-raising tour on the implementation of the Universal Health Insurance...
The U.S. Ambassador to Togo, Elizabeth Fitzsimmons, met Manuella Santos, Togo’s Minister of Investment Promotion on January 17, in Lomé. During the meeting, the two officials explored potential U.S. investments in the agro-industrial and textile sectors.
According to Santos, the imminent investments could “foster joint-venture partnerships between private companies of both...
The Togolese government will allocate CFA7 billion to local authorities in 2024. This is a billion more than last year (+16%). The funds will be provided to the Fonds d'appui aux collectivités territoriales (FACT).
Lomé increased the allocation in line with its ambition to boost local authorities’ resources and capacities. Also, the move specifically aims to offset the upcoming reduction in...
Togo’s President, Faure Gnassingbé, met with China's Foreign Minister, Wang Yi, yesterday, January 17, in Lomé. Lomé was one of the stops on an African working tour led by Yi.
Gnassingbé and Yi took the opportunity to review the China-Togo cooperation. Especially, they examined their relationship in the following areas: economy, infrastructure, health, agriculture, education, and...
The government of Togo recently injected $1 million into a new sovereign insurance subscription for local farmers. The package covers the 2023-2024 agricultural campaign and includes a $500,000 grant from the African Development Bank (AfDB).
The new insurance deal was inked with African Risk Capacity (ARC), the pan-African risk management mutual. According to the Ministry of...
A group of Togolese ministers is carrying out a nationwide communication campaign on the government’s universal healthcare (AMU). The campaign began on January 15, in Dapaong, (Savanes region).
Among others, the delegation includes the ministers of health, public works, universal healthcare, and social action. Last Monday, they gave the people of Dapaong more details about the government’s...
Lapaire, an African eyewear startup present in Togo and five other African countries, recently raised $3 million to further expand across the continent.
For this capital raising, the round was led by impact investment fund Investisseurs & Partenaires (I&P), according to several media including Africa, with participation from AAIC, FINCA Ventures, and Beyond Capital. The deal...
Togo's Minister for the Digital Economy and Digital Transformation, Cina Lawson, is in Davos, Switzerland. She takes part in the ongoing World Economic Forum which ends January 19, 2024.
Over 2,800 participants are present at the forum this year. This includes about 50 heads of State and governments.
At the forum, Lawson will showcase Togo's achievements in digital transformation. She should...
The ECOWAS Bank for Investment and Development (EBID) announced plans to soon host a major forum in Lomé, Togo. The Bank will give more details on the project next week, on January 24.
The ECOWAS Investment Forum (EIF), as the event is called, should take place at the EBID’s headquarters. It would be its first edition.
Themed "Transforming ECOWAS Communities in a Challenging...
Lomé will close its second annual issue on the regional money market, the WAEMU stock market, on January 22. Lomé just launched the operation, a simultaneous issue of fungible treasury bonds and treasury bills. The target: CFA25 billion.
According to the related tender notice, the fungible bills, or BATs, have a nominal value of CFA1 million. They will mature over 91 days and have...
The U.S. Embassy in Togo just launched its Public Diplomacy (PD) Small Grants Program. According to the Embassy’s notice announcing the funding program, the grants extended range from $2,000 to $25,000. The whole package amounts to $60,000.00.
Applicants and their target audiences can come from any of Togo's five regions (and applicants are encouraged to specify their target...
Togo expects its earnings from patent tax to rise by 92.4% in 2024, YoY. Also, the government expects an economic growth of 6.6%.
While Lomé bases its forecast for patent tax revenues on the 2022 and 2023 results, patent fees recorded no major changes in recent months.
By the end of September 2023, the Togolese Tax Office, Office Togolais des Recettes (OTR), had collected CFA12.5...
Over the past decade, Togo’s Inclusive Finance Fund, the Fonds National de la Finance Inclusive (FNFI) disbursed CFA109.83 billion. The figure covers the period from April 2014 to January 2024. It was made public on January 5.
The loans were extended to around 1.8 million informal business owners. While they received the money through the FNFI’s 13 financing offers, the largest part was...