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In Togo, capital gains tax (TPV) has been extended to partial transfers of land deeds. The measure takes effect today, August 1, according to the Togolese Tax Office (OTR)
In a statement addressed to the users of the Directorate of Cadastre, Land Conservation, and Registration (DCCFE), the OTR notes that the measure applies to "all new requests for partial transfers (subdivisions) of land...
Togo's treasury raised 36 billion CFA on the WAEMU market last Thursday, July 27. However, that is the sum retained from the issue. Lomé actually secured 39 billion from 36 investors. The operation thus recorded a subscription rate of 111.41%, since its initial target was 35 billion.
According to the operation's report, Togo raised FCFA19 billion via the 182-day BATs and FCFA17 billion...
Togo's exports reached about $382 million or CFA211.8 billion in Q1 2023. By volume, the exports stood at 886,575 Mt, according to the National Institute of Statistics and Economic and Demographic Studies (INSEED).
Comparing Q1 2023 to Q1 2022, exports, by value, grew by 11.4%. Compared to Q4 2022, the exports were down by 5.5% and 1.8%, respectively, by value and...
Togo exported 12,800 t of mangoes last year, up from 10,400 t the year before. The data comes from the Interprofessional Council of the Mango Sector (CIF Mangue). Exports made up 25.3% of the country's total output in 2022.
Year on year, Togo produced 31% more mangoes last year than it did in 2021. That year, reports show that the country produced 38,500 t.
In the past three years, Togo's...
Lomé is hosting, from July 24 to 26, 2023, a regional workshop on National Health Workforce Accounts (NHWAs).
Twenty countries are taking part in this international meeting that aims to build the NHWA capacities of the World Health Organization (WHO)’s national focal points.
According to the WHO, an NHWA is a system that enables countries to gradually improve the...
Lomé currently hosts the 14th meeting of the Committee of National Telecommunications Regulators (CRTEL) of the Member States of the West African Economic and Monetary Union (UEMOA). The meeting started on July 24 and ends on July 28.
Participants will define appropriate mechanisms to lower communication tariffs and the quality of telecom services across the region.
According to Michel...
The African Development Bank (AfDB) has launched in Togo a digital portal through which it will remotely supervise and appraise its development projects in the country. The tool is officially known as the Remote Appraisal, Supervision, Monitoring and Evaluation platform or RASME.
On July 24, AfDB agents and members of the Togolese government started a three-day workshop to learn about the...
From 2024 to 2028, Togo plans to invest CFA3.1 billion in its shea sector. According to the related investment plan, the money will be spent on boosting output (through sustainable management as well as tree planting), professionalizing the sector, creating value through quality improvement, making products and sub-products, and research and development.
The plan, which was adopted in May...
Faure Gnassingbé, the President of Togo, met with Cindy H. McCain, the new executive director of the World Food Program (WFP) last Thursday, July 20th. Together, they reviewed the partnership between the UN agency and the West African country, especially regarding agricultural entrepreneurship.
"Togo is a major partner, and we want to prioritize this relationship, especially relative to the...
Togolese Minister of Maritime Economy, Edem Kokou Tengue, talked with Commonwealth officials at Marlborough House, in London, on July 19, 2023. They covered the opportunities and benefits that the Commonwealth's Blue Charter presents for Togo. This was on the sidelines of the 129th session of the General Assembly of the International Maritime Organization (IMO).
Tengue, on the occasion,...
Togo’s insurance sector recorded a turnover of CFA87 billion in 2022. This is 34% more than the figure recorded in 2017, according to the country’s Ministry of Economy and Finance. Out of the CFA87 billion generated last year, motor insurance generated CFA13 billion or 14.9%.
The information was disclosed on July 19 by Akou Mawussé Afidenyigba, Chief of Staff to the Minister of Economy and...
Togo needs CFA1.715 billion to develop its mango industry over the next five years, ending in 2028. The 2024-2028 Action investment plan for the mango sector was recently validated by the Ministry of agriculture. This was done in collaboration with the Interprofessional Council of the sector.
The Togolese State should provide 25% of the investment, or CFA438.6 million and CFA840.9...
Last Wednesday, July 19, Togo validated its 2024-2030 food security plan. The document was greenlit in Lomé, the capital.
The strategy focuses on key aspects of the structural transformation of Togo’s food systemens. It will help the country fight food insecurity, in a context where this issue could be agravated by current global crises in coming years, according to experts. The latter,...
Togo and the World Bank inked, on July 20, a $100 million deal to support the Novissi Social Support Program in the West African country. The agreement, which was announced a few weeks ago, was signed in Lomé.
Related documents were effectively signed by Togo’s minister of finance, Sani Yaya, and the World Bank’s new chief of operations in Togo, Marie-Chantal Uwanyiligira.
The...
Matthias Veltin, the outgoing Ambassador of Germany to Togo met with President Faure Gnassingbé last Tuesday, in Lomé. The European official was in Togo for four years.
“I met with the Head of State to give him an update on cooperation. We discussed bilateral cooperation. Relations between the two countries are good,” the German said after the meeting.
During the European’s stay in...
Togo needs CFA2.34 billion to develop its roots and tuber sectors over the next five years, going from 2024 to 2028. The investment was outlined in the country’s 2024-2028 Action Investment Plan for the Root and Tuber Crops (RTC) Sector. This plan was developed by the Ministry of Agriculture, Livestock, and Rural Development and the Interprofessional Council of the Root and Tuber Crops Sector...