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Togo has launched a territorial marketing strategy to boost the economic and tourism potential of five key towns: Atakpamé, Kpalimé, Blitta, Kara, and Aného. The initiative, led by the Ministry of Industry and Investment Promotion (MIPI) and supported by GIZ, was introduced in Atakpamé on January 30, 2025, by Minister Manuella Santos.
Through the project, the government seeks to reduce the...
Togolese small and medium-sized enterprises (SMEs) received over CFA17.5 billion in funding through the Agence Nationale de Promotion et de Garantie de Financement des PME/PMI (ANPGF) between 2006 and 2024. This information was recently shared by ANPGF, which helps businesses access financing.
These funds came from banks and supported around 1,400 SMEs across various sectors. The ANPGF acts as a...
According to the Togolese Revenues Office (OTR), vehicle owners in Togo must settle the Motor Vehicle Tax (MVT) by March 31, 2025, before inspections start on April 1.
The payment process for the TVM has been fully digital since last year, as part of efforts to modernize tax collection. The OTR encourages everyone to use its online platform to avoid delays and penalties.
The TVM ranges...
Chad is actively seeking support from Togo for its candidacy for the presidency of the African Development Bank (AfDB). On January 28, 2025, Chad's Prime Minister, Allamaye Halina, met with President Faure Gnassingbé in Lomé on January 28 to discuss this matter.
Halina conveyed a message from Chad's leaders, expressing confidence that Togo's diplomatic influence could help secure support for...
The Togolese Ministry of Health announced that Togo is gearing up for its 4th Demographic and Health Survey (EDST-IV) this year. The EDST-IV steering committee held its first meeting on January 28. It recorded the participation of the Ministry of Planning and various technical and financial partners and was led by the Minister of Health and Public Hygiene, Prof. Tchin Darre.
The EDST-IV is...
The Togolese Ministry of Agriculture and Rural Development is reviewing the 2024 agricultural season and preparing for the coming season. In this framework, the ministry launched a series of meetings across the country’s prefectures last Monday, January 27. The first meeting occurred in the maritime region. It gathered farmers, agricultural experts, and ministry officials who reviewed successes...
Starting February 1, 2025, Togo's tax office, the Togolese Revenue Office (OTR), will check if road hauliers have paid the Unique Professional Tax (TPU). These checks will focus on payments for the fourth quarter of 2024.
OTR agents will be stationed on major roads to ensure that transport operators have paid this tax, often called "quarter." With just a few days left before these checks...
The Banking Commission of the West African Monetary Union (WAMU) has sanctioned a Togolese bank for failing to meet its anti-money laundering standards. During the Commission’s 144th session on December 16, 2024, regulators singled out the lender for infringing its legal and regulatory requirements.
The undisclosed bank was criticized for weaknesses in tackling money laundering and financing...
The Dogta-Lafiè reference hospital, which opened in Lomé in April 2023, has now launched an annex in Kara, northern Togo. President Faure Essozimna Gnassingbé inaugurated the new facility on January 24.
This annex aims to enhance healthcare services for the northern region of Togo. It aligns with the national strategy to achieve universal health coverage by 2030. Minister of Health and Public...
Two years into launching, the West African Food System Resilience Program (FSRP-Togo) has benefited over 500,000 people (509,438 by the end of December 2024). That is 85% of the program’s end target.
Women made up 34% of last year’s beneficiaries. The figures were shared in Lomé during a mid-term review of the program held from January 20 to 24. During the session, participants...
Togo has borrowed a total of CFA44 billion this year on the West African Monetary Union (WAMU) financial market, with CFA22 billion raised in the latest issue, on January 24. The Togolese treasury raised the funds via fungible bills (BATs) and fungible bonds (OATs). It initially targeted CFA20 billion.
Investor interest was robust, with bids reaching CFA46 billion and a coverage rate of 234.16%....
This week, Togo kicked off two projects to restore damaged forest areas and improve life for local communities. The "AFR100-Togo" project, funded by the German Ministry for Economic Cooperation and Development (BMZ), and the "GEF-8" project, supported by the Global Environment Facility, were introduced at a workshop in Kpalimé on January 21 and 22, 2025.
Covering the period 2024-2027,...
Togo’s e-services portal processed over 400,000 requests in 2024, four times the number recorded in 2023, spurred by rapid user adoption. The platform was launched in 2022.
Last year, more than 60 new services were added to the platform through collaboration between various ministries and Agence Togo Digital (ATD). These services cover citizenship, justice, commerce, security, energy, and the...
The Togo government plans to update its laws on competition and consumer protection. The new bill was introduced for its first reading on January 22, 2025, during a Council of Ministers meeting led by President Faure Gnassingbé.
Set to replace a law dating from 1999, the new bill aims to meet current standards from the West African Economic and Monetary Union (WAEMU) and the Economic Community...
Enko Education, a firm running a network of international schools across several African countries, has secured $24 million in funding from Africa Capitalworks (ACW) and the Adiwale Fund. This investment will support Enko's expansion strategy.
"Thanks to ACW and Adiwale's investment, we will be able to focus our growth strategy on school acquisitions," said Éric Pignot, co-founder and CEO...
Togo recorded an inflation rate of 2.9% in 2024, against 5.3% and 7.6% in 2023 and 2022, respectively. The drôp, reported by the country’s statistics institute (INSEED), is the highest in 30 years. The INSEED attributes it to lower food prices and subsidies for fuel and electricity.
Slight Rise at Year-End
Last month, price increases caused a slight uptick in living costs, though still...