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Togo now has a digital registry for businesses. The platform, DataBiz, was launched on July 1, 2024, by the Chamber of Commerce and Industry (CCI-Togo).
DataBiz aims to provide a more accurate map of Togo’s economic players and to reassure foreign partners in their business and administrative dealings with Togo. "The aim today is for every Togolese company to make itself known on this...
It is now possible for Togo’s micro, small, and medium-sized enterprises (MSMEs) to access their charter online. The Ministry of Trade, Rose Kayi-Mivedor, made it possible on July 2, 2024, in Lomé, on the 2nd edition of the International Day of MSMEs. The event was placed under the theme: "Building a collective resilience of MSMEs for better access to financing and markets".
The innovation...
Togo and India inked a visa exemption memorandum of understanding (MoU) last week. The MoU was signed in Lomé, Sevela Naik Mude, head of the Central and West Africa zone at the Indian Ministry of External Affairs, and Afo Salifou, Secretary General of the Togolese Ministry of Foreign Affairs.
This agreement, benefiting holders of diplomatic, official, and service passports from both nations,...
Last year, 69% of the Togolese population had access to drinking water, up from 47.66% in 2014. The update was disclosed on July 2, 2024, by the Ministry of Water.
The data further reveals that in rural areas the service rate rose from 47.7% in 2014 to 74.4% in 2023. In semi-urban and urban areas it stood at 55.9% and 69% in 2023, against 42.6% and 47.7% in 2014, respectively.
The...
The French Consulate in Togo has announced a new scheme to simplify and speed up business visa issuance for Togolese company representatives. This was formalized in an agreement signed last May between the French Embassy and Togolese employers' organizations, including the Chamber of Commerce and Industry of Togo (CCI-Togo).
The new system was presented to Togolese economic operators in Lomé on...
The West African Development Bank, BOAD, disbursed over CFA700 billion to support WAEMU States in the first half of 2024. The Bank disclosed the figure last Thursday, June 27, during the 142nd Ordinary Session of its Board. The BOAD President, Serge Ekue, chaired the session.
"The mid-term review of financial forecasts for the 2024 financial year shows that in the first half of 2024, global...
Togo is the top WAEMU member in terms of financial inclusion. "In 2023, the rate of use of financial services in Togo reached 87.1%, fruit of the concerted efforts of the government and financial sector players," said Mazamesso ASSIH, Minister of Financial Inclusion, last Thursday, on the sidelines of a regional consultation workshop on the revision of the regional financial inclusion...
Lomé-based airline Asky recently unveiled plans to purchase two Boeing 787s per year.
The carrier revealed its ambition at the 2024 AviaDev Africa, which ended on June 21 in Windhoek, Namibia.
According to Martial Tevi-Bénissan, Asky's commercial director, the plan might be hampered by a global plane shortage, especially the Airbus model that Asky seeks.
"There is currently an availability...
Togo plans to develop the Souroukou waterfall, located 15 kilometers from Djarkpanga in the central region. The Ministry of Tourism approved the feasibility study for this project on June 28, 2024.
The study indicates that the project will cost CFA 1.55 billion and run for three years. It aims to improve the region's infrastructure and attract more visitors. Minister of Culture and Tourism,...
A delegation of US Senate officials was in Togo last week. They met with Sandra Ablamba Johnson, Minister Secretary General of the Presidency.
Topics discussed include the Togo-US economic partnership, projects fostering socio-economic development in the African country, as well as Lomé’s efforts to make the Togolese business climate more favorable to big investments.
Nous avons eu...
Togo has adopted the "Smart Valleys" system to boost its rice sector. This is a sustainable system for managing rice-growing lowlands. It was recently introduced to 120 farmers in Blitta, with the support of the West African Food System Resilience Program (FSRP).
The "Smart Valleys" system helps retain rainwater in fields, thus reducing flood-induced fertilizer loss while increasing...
Works to rehabilitate the Lomé-Cotonou road will be done in three months. The African Development Bank (AfDB) announced the date, after visiting the site last Thursday, June 25. According to the bank, the work is 80% complete at the moment.
The AfDB delegation was with two others–one from the European Union and another from the West African Development Bank (BOAD).
"We're very...
Togo's media regulatory body, the Haute Autorité de l'Audiovisuel et de la Communication (HAAC), has sent a "last formal notice" to the French news channel, France 24. The Togolese entity accuses France 24 of "inequitable treatment of information and the dissemination of false news". The claim concerns a story covering maternities at the Sylvanus Olympio Hospital.
According to a letter that the...
The West African Development Bank (BOAD) has approved a CFA30 billion facility to help develop and asphalt the Tchaasémondè - Gandé - Agbang road, in the northeast of Togo. The Bank disclosed the news on June 27, just after its 142nd board meeting.
The construction project aims to ease access to this part of Togo while boosting economic, social, and cultural exchanges at the local and...
The West African Development Bank (BOAD) approved yesterday, June 27, a CFA30 facility to support the second phase of the Togo Agri-Food Transformation Project (PTA-Togo). This project aims to boost agriculture and reduce dependence on food imports in Togo.
The new funding will build on the success of the project's first phase, focusing on increasing the production of rice, corn, soy, sesame,...
Micro, small, and medium-sized enterprises (MSMEs) generate 75% of private sector jobs in Togo. Minister of Trade, Kayi Mivedor, disclosed the figure on June 27, 2024.
Mivedor also noted that MSMEs “have been at the heart of the government’s action for many decades.” The official spoke on the sidelines of the MSMEs Day.
MSMEs make up over 90% of Togo’s economic landscape. They...