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Green Industry Plast-Togo (GIP) won Challenge Works’ Afri-Plastics Challenge. The Togolese company won £1 million to scale its plastic waste collection, sorting, and recycling solution.
GIP is one of the nine teams of innovators from sub-Saharan Africa to which Challenge Works awarded a package of £4.1 million in the final stage of its contest, which was held on 13-16 March 2023 in...
More than five million trees were planted in Togo last year, in line with the country’s reforestation strategy and efforts to fight climate change. The trees were planted over more than 8,000 hectares. The details were communicated on March 15, 2023, during the latest council of ministers.
The government lauded “the strong support of all actors during this reforestation campaign and...
Togo adopted during its latest council of ministers, on March 15, a new decree that will support the country’s efforts to reduce its greenhouse gas emissions (GHG) and make populations more resilient to climate change.
"The adoption of this text, which sets the rules for carbon management mechanisms, will help boost carbon storage while contributing to the fulfillment of Togo's...
The International Finance Corporation (IFC) and Togo's Association of Large Enterprises (AGET) have partnered to support the country's small and medium-sized enterprises (SMEs). Olivier Buyoya, IFC's West Africa director, announced the partnership during a meeting with Prime Minister Victoire Tomegah-Dogbé on March 14.
Under the partnership, IFC will work with the government, large Togolese...
Togo’s telecom watchdog, ARCEP, has opened a new sanction case against Togo Cellulaire (part of the Togocom group) and Moov Africa. The regulator accuses the two mobile operators of providing poor service despite numerous warnings.
In a statement issued on March 15, 2023, the ARCEP noted "a slight improvement in the quality of service" of the two operators, 18 months after the last national...
The National Network of Certified Seed Producers of Togo (RNPSC-Togo) recently set prices of certified seed for the 2023-2024 agricultural season. They were set during the Network’s general assembly last month.
A kilogram of maize seed of all varieties is set at 650 FCFA, while that of rice is 550 FCFA. Sorghum and fonio seeds cost 850 FCFA and 600 FCFA respectively. Other certified...
The Banque Ouest Africaine de Développement (BOAD) has joined the Finance in Common Coalition (FICS) to fight gender inequality.
The African Development Bank (AfDB), a leading development finance institution in the UEMOA zone based in Lomé, Togo, has joined the Finance in Common Coalition (FICS), co-chaired by UN Women and the African Development Bank (AfDB), to fight gender...
In Togo, the edge-of-field price of cashew nuts for the new campaign is CFA325 per kilogram. The price was announced during the official launch of the campaign in Kara, under the aegis of the Cashew Coordination Committee (CCFA) in collaboration with the Interprofessional Council of the Cashew Sector in Togo (CIFAT).
Before the launch, several interprofessional agreements were inked on March 9,...
Lomé hosts a regional seminar organized by IMF’s Regional Technical Assistance Center in West Africa
The Togolese capital, Lomé, currently hosts a five-day seminar on the theme "Strengthening the Integration of Debt and Cash Management ". Started yesterday, March 13, the seminar is organized by the IMF's Regional Technical Assistance Center in West Africa (RTAC West Africa).
Several experts from WAEMU, Guinea, and Mauritania are attending the meeting which is held at the 2 Février hotel....
Togo now uses Radio-Frequency Identification (RFID) to track goods that transit in the country. The Chamber of Commerce and Industry of Togo (CCI-Togo) and the Togolese Revenue Office (OTR) launched the new tracking system on March 10, 2023.
Thanks to the system's radiotags attached to the trucks, the tax authorities will receive data from the merchandise; the data is processed by transceivers...
The Minister of investment promotion of Togo is holding a virtual business meeting with Moroccan exporters next Tuesday, March 21. “Doing Business with Togo” is the name of the event. Organized in partnership with the Moroccan Association of Exporters, the meeting will take place at 9:30 AM (Togo time).
The meeting aims to boost investments and trade between Togo and Morocco. Companies...
Togo raised CFA9 billion on the West African public securities market (MTP) on 10 March 2023. For the operation, a simultaneous issue of fungible treasury bonds (OATs) and fungible treasury bills (BATs), the country was seeking 25 billion.
In detail, Lomé secured CFA5 billion through the OATs and CFA4 billion through the BATs. The former will mature over 91 days and the latter over 5 years, at...
The Revenue Office of Togo (OTR) and Gabon’s General Directorate of Taxes (DGI) will bolster their cooperation, consequent with a new deal they signed on March 8.
The documents were inked in Lomé by Philippe Kokou Tchodié, Commissioner General of the OTR, and Gabin Otha-Ndoumba, Director General of the DGI.
Specifically, the deal should allow both entities to share their...
Togo has officially launched its Tinga Fund, a fund that facilitates household electrification in the country. The launching ceremony took place on March 9, 2023, in Atakpamé and it was presided over by the Minister Delegate, in charge of mines and energy, Mawunyo Mila Aziable.
The fund leverages subsidies that will allow households to connect to the grid with more ease. Instead of the...
A delegation of German businessmen, from Bavaria, is on a prospecting tour in Togo. Led by the former Vice President of the Bundestag (German federal parliament), Johannes Singhammer, the delegation was at the ministry of investment promotion on March 9.
The Germans came to explore opportunities existing in Togo, among others. "We expect from the Togolese authorities guidance to see what...
Ivorian exports to Togo fell by 50% in 2017-2021. The data, released by the BCEAO, puts the value of the exports at 29.2 billion CFA in 2021, against 66.7 billion CFA in 2017.
In the opposite direction, the dynamic was the same. Exports from Togo to Côte d’Ivoire fell as well, from 11.6 billion in 2017 to 4.3 billion in 2021.
The two countries trade mainly energy products, oils,...