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Sandra Ablamba Johnson will attend the 2022 Gala Dinner of the African Observatory for the Promotion of Good Governance, an organization based in Côte d'Ivoire, which will be held on December 23. On the occasion, she will be doubly acknowledged for her good governance as the current Minister, and the Secretary General of the Togolese Presidency.
According to our sources, she will receive two...
In Togo, the Groupe de réflexion et d'action Femme, Démocratie et Développement (GF2D), has just obtained a grant of more than 150 million CFA ($250,000) for various awareness-raising activities targeting certain vulnerable social groups. This facility was recently symbolically received in Lomé by Michelle Aguey, its Secretary General, from the First Counselor at the American Embassy, Ronald...
Germany will provide Togo with over CFA13 billion to build important infrastructure in 60 of its municipalities. The deal was inked on December 8, 2022, between Togo and the German Development Bank, KfW, which will mobilize the funds. The 60 communes are located in the Plateaux, Central, and Kara regions.
The agreement results from the partnership between Germany and Togo, through the...
All measures taken by the Togolese government to tackle the rising cost of living and security issues faced by Togo in 2022 cost about CFA120 billion or nearly 3% of the country’s GDP in 2021.
The Ministry of Economy and Finance disclosed the figure in a statement on December 6, 2022, during the presentation of the IMF's Regional Economic Outlook for Sub-Saharan Africa, October 2022...
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...