Search
Page : 124 - Results of 1969 to 1984 from 6013 Results
Thanks to the PROCAT, Togo’s pineapple sector recorded major improvements in the last four years.
Indeed, according to the national team coordinating the sector, due to the project which aimed to make the pineapple industry more competitive, output, processed volumes, jobs, and exports (of dry, fresh, and processed pineapples) grew significantly over the period.
In detail, the output...
From January to September 2022, the Tax Office (CI) and the Customs and Indirect Taxation Office (CDDI) of the OTR – Togo’s higher tax authority – collected CFA646 billion in taxes. This amount represents 79% of the OTR’s target for the year, which is CFA814 billion.
This was disclosed by the Ministry of Economy and Finance in a recently published report covering the execution of...
Earlier this week, December 5th, a new aluminum-recycling factory started operations in Lilikopé, in the Zio prefecture, 45km north of Lomé. The facility belongs to Gravita, an Indian recycling company with operations in several countries. The news was disclosed by the Togolese ministry for investment promotion.
In its first stage of activity, the new factory will have an annual...
Bboxx-EDF will get CFA7.2 billion (€11 million) from the Off-Grid Energy Access Fund (OGEF) to speed up the supply of electricity to 1.5 million more people in Togo. The signing of the related agreement was announced on November 30, 2022.
In line with the country’s electrification targets for 2030, the credit will help small farmers access solar irrigation.
"This financing...
Togolese deputies recently greenlit a law that benefits investors and businesses active in the textile industry. The parliamentarians voted on the bill, which covers the free industrial zone, on November 30, during the sixth plenary session of the second ordinary session of the year 2022.
On the tax front, the law sets the dividend and patent tax on companies at 10%, starting from the 9th year...
Togolese deputies began on Thursday, December 1, 2022, the examination of the 2023 draft finance law, which the government adopted a few weeks ago.
In detail, the people’s representatives will scrutinize the economic and financial prospects that Lomé expects in the coming year. Mainly, the parliament will focus on major sectors of activity, fiscal measures affecting the social environment,...
Lomé is hosting the 38th Annual Meeting of the Food Crisis Prevention Network in the Sahel and West Africa. The meeting started on December 6 and ends on the 9th.
Organized by the Sahel and West Africa Club and the Organization for Economic Cooperation and Development (OECD), it will allow participants to assess the provisional results of the 2022-2023 agropastoral campaign and the food...
During the roundtable held in Lomé on December 1 and 2, some financial institutions and international organizations promised to provide Togo with over €230 million (about CFA157 billion) to improve access to clean water across the territory.
Precisely, the World Bank promised $100 million for various water projects, the Banque Ouest africaine de développement (BOAD)...
Togo recently adopted a guide to help startup founders raise funds. It was launched on November 30, 2022, in Lomé.
The document takes an in-depth look at the country’s financing ecosystem and financing opportunities available to Togolese entrepreneurs. "This guide provides information on the methodology of access to finance and also information on support structures, and the various existing...
The 5th edition of the Togo Top Impact (TTI 2022) Awards was launched in Lome on December 3, 2022. Organized by the National Organization for Excellence and Integral Development of Togo (ONEDI-Togo), this is an event that rewards individuals or entities that have marked the country throughout the year. And this year, the focus is digital transformation.
For this edition, there will be 11...
Togo expects a new agreement with the International Monetary Fund (IMF) by the end of the first quarter of 2023. The timeline was given by Finance Minister Sani Yaya during an interview on the sidelines of Africa’s Financial Industry Summit (Lome, Nov 28-29).
According to the official, the country will resume the discussions in early 2023 with hopes for a new deal by the end of the...
Togo and Mauritius are looking for ways to bolster their economic cooperation. Indeed, the Togolese President, Faure Gnassingbe, and Dhanesswurnath Vikash Thakoor, CEO of the National Financial Services Commission of Mauritius, discussed various possibilities in this regard, yesterday, Nov. 29, during an audience that the President granted the executive.
"We discussed the possibilities of...
IB Bank-Togo will financially support two firms located at the Industrial Platform of Adetikope (PIA). The lender signed the related financing agreement with the PIA last Friday, November 25, in Lomé.
The two beneficiaries are Togo Soja and Togo Organics who will use the new funds to boost their agricultural output, invest in the construction of their factories, transform local products,...
Mauritius-based money transfer startup, EziPay, is now operational in Togo. With its mobile app, Togolese residents will be able to receive and send money from and to Burkina Faso, Guinea Bissau, Niger, Mali, Benin, Senegal, and Côte d’Ivoire, the startup posted on Facebook.
The EziPay app will “give people means to send money easily, safely and reliably, across borders, at a...
Faure Gnassingbe, the Togolese President, claims that the African States have four main tasks as part of their contribution to the development of the continent’s finance industry. He said so on November 28, while launching the second edition of the Africa Financial Industry Summit hosted in his country.
The first task is to build an attractive business climate. In this area, the leader...
So far this year, Togo has paid back CFA299 billion out of what it owes WAEMU investors. As at November 10, 2022, the country raised CFA433 billion from these investors this year.
The funds reimbursed break down into 27.5 billion of fungible treasury securities and 271.43 billion of fungible treasury bonds. This is according to data from the UMOA securities agency that Togo First...