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The capital of Togo, Lomé, will host the second edition of the Interprofessional Dialogue on Taxation (DIF) on July 6 and 7, 2023. The event will delve into the tax conventions signed by African countries, with participation from Togolese taxation experts and academic scholars. This year's focus, "The African Continent Under the Test of Tax Conventions," sheds light on the region's tax...
Cassa Depositi E Prestiti (CDP) will open a €60 million credit to support Africa’s private sector. The Italian public financial institution and the West African Development Bank (BOAD) signed the related agreement on July 3, 2023, in Lomé, Togo.
The deal was signed by Serge Ekué and Davide Petrangeli, respectively the BOAD’s boss and CDP’s investment manager. It will support...
Togo produced 46,549 tons of cotton in the 2022-2023 season. This is 11% less than the previous season’s output–52,528 tons. The figures were presented by the National Federation of Cotton Producers' Groups of Togo (FNGPC) on June 30, in Kara, as part of the Federation’s annual report presentation.
In the 2022-2023 campaign, a total area of 66,017 hectares was farmed, with a yield of 705...
Addoha Douja Promotion, a Moroccan company, will build 1,000 housing units in Lomé, Togo’s capital. The Ministry of Urban Planning revealed that the government and the firm signed the related protocol agreements on June 15. The documents were signed by Koffi Tsolenyanu, Minister of Housing, and Mehdi Zemmama, Executive Director for Africa of Addoha.
Under the terms of the agreement, the Rabat...
Togo has become a full member of the African Telecommunications Union (ATU). The country’s National Assembly unanimously adopted the government-proposed membership bill on Friday, June 30.
According to Cina Lawson, the Minister of Digital Economy, the approval will support Togo’s ambition of becoming a leading digital hub in Africa and the world.
"This membership is a major step in our...
Togo raised CFA110 billion on the WAEMU’s money market last Tuesday, June 27. That is CFA10 billion more than the country was seeking for the operation, according to the WAEMU-securities agency.
In detail, Lomé secured CFA92 billion with fungible treasury bonds, which mature over 3 and 5 years, at respective rates of 6% and 6.25%, and the remaining CFA18 billion with fungible treasury...
The Togolese Assembly allowed the government to ratify the cooperation agreement between the West African Monetary Union (UMOA) member states, countries that share the CFA franc, and France. The Assembly unanimously approved the move last Thursday, June 29, during its sixth ordinary plenary session of the year. Sani Yaya, Togo's Minister of Economy and Finance, was present.
Closer to adopting...
Togo is updating its legal framework for approved management centers (CGA), specific structures set up to support small and medium-sized enterprises (SMEs) in their accounting, tax, and social management. On June 29, during its sixth ordinary plenary session of the year, the National Assembly validated a law in this framework.
The previous version of the framework has been effective for 23...
The Adétikopé Industrial Platform (PIA) currently host Togo’s first Agri-food and Agricultural Financing Fair (SAFA). Started on July 1 in Notsè, the event ends on August 9, 2023. It is organized in collaboration with its Agricultural Value Chain (AVC) branch and will take place in several cities in Togo on a traveling basis, specifically in rural markets.
According to PIA’s management,...
The Africa50 opens its General Assemblies in Lomé, on July 3 and closes on July 4. After the summit on the financial industry last November, the high-level meeting will be held under the aegis of the Togolese Head of State Faure Gnassingbé, who will be the keynote speaker.
This will also be an opportunity to hold the first "Infra for Africa Forum" on infrastructure financing on the...
On June 27, 2023, the US Ambassador to Togo, Elizabeth Fitzsimmons, announced two new investments in Togo during the early celebrations of the 247th anniversary of US independence.
The first investment-$3 million-will help local organizations fight food insecurity in northern Togo. "We are pleased to announce the provision of three million dollars, to help combat food insecurity in...
The Dry Port of Adétikopé received 7,339 containers and 6,364 trucks in 2022. Out of these, 6,607 containers and 5,058 trucks left the platform.
The dry port is a strategic point for transferring goods to landlocked countries in the Hinterland, such as Burkina Faso, Niger, and Mali. It serves as a significant node to reduce the load on the Autonomous Port of Lomé and potentially enhance...
Togo and the Central African Republic could set up a cooperation commission to strengthen their relations in various areas. The leaders of the two countries discussed the project last Tuesday, June 27, in Lomé.
The projected commission should help Togo and CAR bolster their partnership in the economic, commercial, military, security, and education sectors.
Already, the leaders have asked their...
The Prime Minister of Togo, Victoire Dogbé, met with UK’s Ambassador to Togo, Harriet Thompson, last Monday, June 26. The two women talked about the Emergency Program for the Savanes Region (PURS), with a focus on UK’s financial and military contribution to the project.
On the occasion, Thompson said British companies could invest in various areas of the project, particularly in water and...
Togo just revised its law on electronic transactions, on June 27th, during the fifth plenary session of the first ordinary session of the National Assembly. The update aims to match existing regulations to new challenges and issues that electronic transactions pose.
Also, the updated bill aims to create a favorable environment for the development of e-commerce and to enhance consumer trust in...
Togo took part in the 43rd session of the ACP-EU Joint Parliamentary Assembly (JPA) in Brussels. Held on June 24-28, the meeting brought together deputies from the Africa, Caribbean, and Pacific (ACP) region, and the European Parliament, to discuss matters of common interest.
The Togolese delegation, as stated by the National Assembly, included Mémounatou Ibrahima, 2nd Vice President of the...