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Togo earned more last year from its goods exports than it did in 2020. The segment generated CFA748.6 billion or 7.1% more than 2020’s CFA695 billion. The figures were posted by the Banque Centrale des Etats d'Afrique de l'Ouest (BCEAO), in its latest report on external trade in the WAEMU.
Thus, last year’s performance sustains a growth trend that started since 2017; that year, Togo’s...
Togo earned CFA111.1 billion from exporting transport services (by land, sea, and air) in 2021, or 6% more than it did in 2020 (CFA104 billion). The WAEMU’s Central Bank, the BCEAO, recently released a report where the figure was disclosed.
According to the Bank, Togo and Côte d’Ivoire, in the WAEMU, are the biggest winners in this segment. Mostly, revenues generated by land and sea...
The European Union and Germany announced on November 18, 2022, additional financing to support the Emergency Program for the Savannes Region (PURS) in Togo.
In detail, the EU will disburse €5 million while Germany will increase bilateral funds for its ProEnergie project.
The EU allocation, a grant, will be mobilized under the crisis response component of the new "Global Europe"...
Togolese soybean actors officially launched the 2022-2023 sales campaign last Tuesday, November 15. The campaign will end on June 30, 2023.
This season, over 200,000 tons of soybeans will be sold, according to the national federation of soybean producers.
"We have agreed to set up a safety stock for the benefit of processors. The moratorium period that was given last year will not be granted...
Over 40,000 tons of pineapples were produced in Togo during the 2021-2022 season. The exact figure–44,391 tons—was reported last September by the PROCAT, a project that supports Togo’s pineapple sector.
Out of the volume produced over the period reviewed, 33,737 tons were grown organically.
Compared to 2019 when the country produced 30,149 tons, the recent output is up by 47%. In 2017,...
Over 99% of land titles have been digitized in Togo and this means all land procedures, including transfers, can now be completed online. This was disclosed two weeks ago (November 3) by the Commissioner General of the Togolese Revenue Office (OTR), Philippe Kokou Tchodie, during a virtual conference
"The procedures have been simplified to the maximum and the OTR has quickly adapted," Tchodie...
A week ago, on November 10, the national forum for social dialogue closed in Kara (420km north of Lomé). Participants, during the meeting, adopted a roadmap to reorganize and revitalize social dialogue in Togo.
Actions laid under the roadmap should foster conditions for “sustainable social peace which will support the productivity of businesses and public administrations and consolidate...
Togo imported CFA214 billion worth of food products in 2021, according to a report that was recently released by Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO). The figure is slightly higher (0.14%) than that recorded in 2020: CFA213.7 billion.
In detail, the country spent CFA31.2 billion on meat and fishery products (Livestock-Meat-Fish). Most of this amount (75%) was spent on...
Togo is no more the country with the cheapest internet offers in the WAEMU. According to the ARCEP, the country’s telecom regulator, it was dethroned by Côte d’Ivoire and Burkina Faso.
In a press release issued on November 15, 2022, the ARCEP stated that Canalbox (Groupe Vivendi Africa, GVA) and Togocom (operating in Togo) were outpaced by Moov Africa’s subsidiaries in Côte...
Togo’s Prime Minister, Victoire Tomegah-Dogbe, met with around 20 western businessmen mobilized by the Tony Blair Foundation. She presented them with business opportunities her country has to offer.
Among others, the PM told the businessmen about the more attractive business climate, the better legal and tax regulation, natural potentialities, as well as the peace, stability, and security that...
This year, the Inter-African Coffee Organisation (IACO) is holding its annual meetings in Lomé. The five-day event was launched on November 14 by Togo’s Minister of Trade and Local Consumption, Kodjo Adedze.
"African coffee has a major role to play in our State's development. It will, if we can set up here, on the continent, all the chains of value that it generates," said Minister Adedze at...
A week ago, the international airport of Lomé inaugurated its new power plant and lighting system. The installations, which cost CFA4 billion, were commissioned by the Togolese Minister of Road, Air, and Rail Transport, Affoh Atcha-Dedji.
The new plant and lighting system were set up by the Agency for the Safety of Air Navigation in Africa and Madagascar (ASECNA). They aim to boost air safety...
The Togolese government plans to take several measures next year, to bolster social inclusion and improve the country’s business climate. These measures were disclosed last Friday, November 11, during the council of ministers dedicated to the adoption of the 2023 finance bill.
In 2023, the government plans to extend tax exemption from school canteens to universities and companies. The...
Togo’s budget for 2023 is projected at CFA1,957.9 billion in spending and resources. This is 4.4% more than the CFA1,875.8 billion of the 2022 rectifying finance law. The new figure is in the draft finance bill that was studied and adopted by the Togolese government last Friday, during its latest council of ministers
In terms of income, the State expects the revenues to stand at CFA1,187.2...
The government of Togo will keep paying special attention to inflation in the coming months. The authorities said this last Friday, November 11, after the council of ministers held that day.
The government promised to keep the inflation “under control”, in a context where it has been soaring past unseen levels in recent months.
A controlled inflation
This indicator has never...
Initially scheduled to end this Saturday, November 12, Togo’s fifth general population and housing census (RGPH-5) has been extended to November 16. The government made the announcement last Friday.
Lomé decided to 'consolidate existing results, and to allow those who still hesitate to join the registration.'
In recent days, many efforts were made, with the contribution of various...