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The city of Sokodé, located 341 km north of Lomé, will host an art and culture festival, the FACTEM, from February 14 to 18. The event is organized and sponsored by the Ministry of Culture and Tourism. It follows on from the traditional Adossa-Gadao festival, which opened on January 12, 2024.
The FACTEM will celebrate the Togolese culture and help local businesses grow. Thus its theme:...
In Togo, the value-added tax in the hospitality sector is back to 18%. The tax had been reduced to 10% during the Covid crisis.
The government set the new tax rate in its 2024 finance bill. Lomé attributes the increase to a strong recovery of the hospitality sector between 2020 and 2022.
Over the period, Togo’s top 10 hotels recorded a turnover surge of 140% -from CFA7.1 billion in 2020 to...
To better protect its maritime space, Togo recently examined and adopted a draft bill to set up a National Coast Guard Unit.
The task force will constantly monitor the country’s maritime space and better organize the State’s civil action at sea. It will also focus on improving coordination among administrations and cooperation with neighboring countries.
Last May, the country greenlit...
Togo will set up a body devoted to the management and coordination of anti-cancer actions–the National Council for the Fight Against Cancer. Lomé issued the decree announcing the entity’s creation last Friday, Jan 12.
The Council will steer prevention and care actions. It will also ensure the mobilization of resources needed to fight cancer nationwide.
For the government, cancer is...
Togo plans to ratify the WTO’s fishing subsidy convention. On January 10, the Council of Ministers allowed the ministry of fishing to start taking steps towards the document’s ratification.
This will help Togo take more measures to reduce harmful subsidies to fishing and protect global fish stocks.
Already, the country has passed many laws to implement beneficial fishing and aquaculture...
Togo will soon actualize its bill on the architectural profession. The move was announced on January 12, during a Council of Ministers. It should support Lomé’s cheap social housing project.
The updated bill will replace the current one which dates to 1990. According to the government, the actualization will integrate changes in the sector and set the conditions for better organization...
The Togolese government just disclosed several measures taken consequent to the fire that ravaged the market of Agoè Assiyéyé some weeks ago.
One of the measures relates to loan provision. The government set a one-year moratorium on the repayment of outstanding loans when the fire broke out.
It also set up a zero-interest bridging loan to help reconstitute the capital of the...
Wang Yi, China’s Minister of Foreign Affairs, will be in Lomé, Togo, tomorrow, January 16. The Asian official will be in the Togolese capital for two days. There, he will meet his counterpart, Robert Dussey, and various local officials.
Yi is on an official African tour. Ivory Coast, Egypt, and Tunisia are the other countries on his agenda.
Wang Yi will go to Egypt, Tunisia, Togo, and...
Togo’s first issue on the WAEMU stock market was successful. The country raised CFA25 billion through the operation, a twin issue of fungible treasury bills (BATs). The issue closed on January 12.
In detail, Lomé raised CFA18 billion with bills that mature over 91 days and CFA7 billion with bills that mature over a year.
According to the issue’s report, investors in the West African...
Togo raised CFA27.5 billion in private investments in 2023. The Ministry of Investment Promotion reported the figure to the Assembly at the close of the year.
According to data available, foreign direct investments (FDIs) stood at CFA21.9 billion or about 80% of the total sum. The remaining CFA5.56 billion were national direct investments (NDIs).
Over the past year, several reforms were...
Ten (10) of the hundred (100) most inspiring French-speaking black women of the 21st century are Togolese. The ranking was published on January 9, 2024, by Femmes Inspirantes, a media platform.
In the Politicians category, the Togolese women featured include Prime Minister Victoire Tomegah-Dogbe, the Minister Secretary General of the Presidency, Sandra Ablamba Johnson, the Ministers of Trade and...
From this year onward, students enrolled in bachelor's and master's degree programs in private schools will take the national exams. The exams will be organized by the same institution, the Office des Examens Professionnels du Supérieur (OEPS), formerly known as the Office du Brevet de Technicien Supérieur (OBTS).
The Council of Ministers announced the move last Wednesday, January 10....
The Autonomous Road Maintenance Financing Company (SAFER) spent CFA37.9 billion to maintain the country’s roads in 2023. The figure, a record, was presented to the parliament late last year.
Compared to 2022 where the SAFER spent CFA32.6 billion, last year’s spending was up by 16%. The expenditures stood at CFA17 billion in 2019 and 2020, and CFA19 billion in 2021.
Difficulties...
Over half of the total budget allocated to Togo’s 31 ministries this year will go to five of them. The big five are the Ministry of Primary and Secondary Education, the Ministry of Defense, the Ministry of Health, the Ministry of Public Works, and the Ministry of Mines and Energy. They are set to receive CFA563 billion (out of CFA1,030 billion for all ministries), which they will share as...
Togo will devote CFA18 billion to clean water projects this year. The budget was set under the 2024 finance bill and aligns with the country’s ambition to achieve universal coverage by 2030.
Compared to the amount set last year, CFA17 billion, the new allocation (provisional) is up by 5.8%.
The funds will help advance the national water supply strategy launched in February 2021....
The ECOWAS Investment and Development Bank (EBID) approved on January 9 a $70 million financing for the Coris Bank Group. With the package, the lender will support SMEs in Togo, Burkina Faso, Benin, Côte d’Ivoire, and Senegal.
The facility was approved on the sidelines of the EBID’s 86th board meeting.
The funds will support trade and the private sector, with a focus on...