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Chinese and Korean companies active in Togo’s free-trade area weighed about CFA64 billion at the end of 2022. The evaluation was made by the Investment Promotion Agency and Free Zone (API-ZF) and relayed by the Minister of Investment Promotion, Manuella Santos, on December 21, 2022, in Lomé. Alongside the figure, Santos reported that the Asian firms created over 3,000 local jobs. She spoke...
The Togolese government is considering taxing boreholes, in a bid to better manage water resources nationwide. The project was discussed on December 20 at the Council of Ministers. On the occasion, the Minister of Water made a presentation on the Integrated Water Resources Management Fund (Fonds de Gestion Intégrée des Ressources en Eau - Fonds-GIRE).
"The Head of State has instructed the...
Ecobank Togo is the best Treasury Securities Specialist (TSS) on Togolese public securities for the year 2022. UMOA-Titres, the agency that oversees the WAEMU’s stock market, gave the bank the title which it also held in 2018 and 2021.
TSSs are financial institutions authorized to directly interact with the French Treasury to buy and sell government securities, especially bonds or...
Turkey will open a research center at the University of Lomé (UL), Togo. Muteber Kiliç, the Turkish ambassador to Togo, announced the news on December 19, 2023.
The center will help Togolese students know more about Turkey and secure Turkish scholarships. It will also be a place where teaching researchers from both countries collaborate and share their experiences.
Ahead of the opening,...
The Togolese Minister of Investment Promotion, Manuella Santos, met a group of Indian businesspeople active in the country last Tuesday, December 19. During the meeting, an Investors' Breakfast held in Lomé, the Indians highlighted the issues they face in their activities to the official.
The businessmen complained mainly about the slow process of their applications at the Land Registry,...
The Ministry of Trade of Togo will soon carry out control missions to check for expired and fake goods that are sold across the country. Ahead of the operations, Rose Mivedor just reminded businesses that selling these products is prohibited.
“The Minister of Commerce brings to the attention of economic operators and consumers that the sale of counterfeit, falsified, and expired products...
A new project to support Togo’s rice sector was launched on Monday, Dec 18, in Lomé. The initiative, OCOP-TOGO, is backed by the United Nations Food and Agriculture Organization (FAO).
"This project supports the government’s actions to bolster the rice sector. The Togolese State’s goal with this initiative is to ensure food and nutritional security for the Togolese people leveraging...
Starting next month, Togolese residents will be able to pay the Motor Vehicle Tax (TVM) and secure their Tax I.D Number (NIF) online. This was announced by Philippe Tchodié, general commissioner of the Togolese Tax Office (OTR), on December 18.
The reform will ease tax payments while reducing costs and delays, according to the OTR. "Now, anyone with a cell phone can get their NIF and this is a...
In Togo, the mesofinance company COFINA and car seller CFAO MOTORS have a car loan offer targeting individuals and entrepreneurs. The partnership for the “Preferential Rate Loan Offer” was sealed last Friday, December 15.
The solution is the first of a kind for COFINA Togo, the company said.
The partnership aims to help more Togolese entrepreneurs buy a car, by “providing adapted...
Togo is updating its legal framework for environmental protection. A new bill was adopted to this end on 18 December 2023, at the Council of Ministers.
"The bill adopted enshrines a revision of the 2008 law, to provide the country with an updated legal framework in light of evolving standards, to better meet the challenges of the 2025 government roadmap for sustainable development and...
Togo is updating its legal framework for environmental protection. A new bill was adopted to this end on 18 December 2023, at the Council of Ministers.
"The bill adopted enshrines a revision of the 2008 law, to provide the country with an updated legal framework in light of evolving standards, to better meet the challenges of the 2025 government roadmap for sustainable development and...
The Francophone Telecommunications Regulation Network (FRATEL) will hold its 21st seminar on 21-22 May 2024. The event will be hosted in Lomé, Togo, by the Togolese telecom watchdog, ARCEP Togo. The theme of the seminar is "Data economy and digital services: what are the technical-economic regulatory issues ?"
"Members of the Network (Fratel, ed. note) will exchange on the...
The Central Bank of West African States (BCEAO) recently appointed its new director for Togo: Akuwa Dogbé Azoma. The news, reported by the Togolese Ministry of Finance, was disclosed on December 14, at the latest National Credit Council (CNC).
"On behalf of the Statutory President, I would particularly like to welcome Madame Akuwa Dogbe Azoma, BCEAO's new National Director for Togo, to our...
Works to clear and asphalt the roads in Dapaong, northern Togo (610 k from Lomé) began last Thursday, December 14. They were kicked off by Kodjo Adedze, Minister of Urbanism.
The works cover 1,000 m of roads and include rehabilitating and improving 2,300 linear meters of the old town's stormwater drainage network. They should last eight months.
The project falls under the PIDU and PACV,...
Togo's National Council of Credit (CNC) held its fourth annual meeting on December 14 in Lomé. On the occasion, the participants reviewed the country’s macroeconomic environment over the period from January to September 2023.
The review revealed that Togo has 250 bank offices active nationwide. Five new offices opened over the period reviewed.
Meanwhile, seven new ATMs were...
From its launch in 2006 to the end of 2022, Togo’s National Agency for Promoting and Guaranteeing SMEs’ Financing (ANPGF) has released over CFA13.5 billion.
The funds backed around 1,200 SMEs over the period. Also, the Agency registered 2,478 SMEs and trained over 3,000 entrepreneurs every year since it started operations.
The ANPGF is headed by Naka Gnassingbé de Souza. The...