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Starting tomorrow, August 23, Togo’s Revenue Office (OTR) will be auctioning more than 1,000 vehicles at the Port of Lomé. The news was disclosed in a notice issued earlier this month by Philippe Kokou Tchodié, Commissioner-General of the OTR.
A total of 1,021 vehicles will be auctioned. Tomorrow’s auction is part of a larger operation pursuant to court decisions issued on July 20,...
Last Friday, Togo secured CFA33 billion on the UMOA securities market. While that is the amount Lomé retained, it mobilized around CFA59 in the related issue.
The country raised the funds through a simultaneous issue of Treasury Recovery Bonds (OdR), with the bonds having a nominal value of CFA10,000.
According to the UMOA securities agency, the two issues will mature over five and...
The African Guarantee Fund Group (AGF) has set up a €50 million credit guarantee line for African SMEs. The BGFI network will distribute the funds, according to an agreement that both institutions signed on August 12, 2022, in Libreville.
The joint statement disclosing the partnership indicates that the deal was signed by Henri-Claude Oyima and Jules Ngankam, the respective CEOs of...
Coming from all parts of the country, nearly 300 taxi-bike riders gathered, last Thursday, to set up the central union of taxi-bikes and trike riders (COSTT). The entity will directly handle talks with the government, relative to the formalization of the moto-taxi activity.
“Bringing together all taxi-bike unions into a group that will formalize is important, essential even, for the sector to...
Afreximbank, Ecobank-Togo, and BIA Togo put together €145 million (more than CFA95 billion) for Arise Group to build infrastructure at the Adetikope Industrial Platform (PIA). All parties signed a financing agreement last Tuesday, Aug 16.
In detail, Afreximbank, the deal’s lead manager, provided €85 million, and Ecobank and BIA Togo (a subsidiary of Attijariwafa Bank) disbursed...
Togo will soon host a regional cybersecurity hub: the African Cybersecurity Center. The United Nations Economic Commission for Africa (UNECA) will help the country build the facility. Both parties have already signed a memorandum of understanding (MOU) to this end, according to a joint release dated August 16, 2022.
“The Togolese Republic and the United Nations Economic Commission for Africa...
Togolese authorities secured CFA504 billion in taxes between January and July, this year. That’s 62% of what the country’s tax revenue office, the OTR, expects for the year–CFA814 billion. The money will finance State spending, in line with the 2022 State expenditure law.
Philippe Kokou Tchodie, Head Commissioner of the OTR, disclosed the results last week, during a mid-year review...
No fishing is allowed at Nangbéto Lake, Togo, from August 15 to November 15, 2022. This corresponds to the period for the biological rest of fishes, Edem Tengue, the minister of fishing and coast protection, wrote in a statement.
“Biological rest, established on the lake of Nangbeto as part of sustainable management measures, aims to allow for the lake’s repopulation in halieutic resources,...
In Togo, Moov Africa launched a challenge for entrepreneurs: Moov Africa Start Up Challenge. This is the first edition of the project and it rolled out on August 12.
Deployed in all markets where the Maroc Telecom group operates, the challenge aims to foster digital transformation as well as “modern and innovation entrepreneurship.” Also, it should, according to Abdellah Tabhiret,...
On August 11, 2022, Togo and Japan sealed a CFA1.75 billion financing deal that will benefit vulnerable people in the West African country. The agreement was signed by the Togolese Minister of Agriculture, Antoine Lekpa Gbégbéni, and the Japanese ambassador to Togo, Ikkatai Katsuya.
As part of the deal, which is part of the Kennedy Round Project, Togo will get white rice for vulnerable people....
Over the next decade, Togo and other sub-Saharan African countries will get $2 billion from the U.S. under a program aimed at bolstering democracy on the continent. The funding was disclosed by the U.S. State Secretary, Antony Blinken, on Aug 8, during a trip to South Africa.
These funds will be deployed under the "Global Fragility Act," a State Department mechanism that aims to foster...
The International Finance Corporation (IFC) provided Zener, a Togolese liquefied petroleum gas company, a €16.2 million in financing to expand its terminal at the port of Lomé, among others.
"The €16.2 million facility structured by IFC for Zener, whose operations cover the entire liquefied petroleum gas (LPG) sector in Togo, includes an €8.1 million loan from IFC on...
A week ago, on August 2, Sandra Ablamba Johnson, Minister, Secretary General of the Presidency of Togo, and Elizabeth Fitzsimmons, U.S. Ambassador to Togo, met. On this occasion, the two women talked about issues related to the implementation of reforms falling under the Millennium Challenge Corporation (MCC) Threshold Program.
The US diplomat praised Togo for what it had achieved by...
Cimtogo, a cement company, has upped its delivery costs from its plants in Lomé and Kara to distribution points. The measure became effective on August 1, 2022.
The company attributed the decision to the “recent measures that led to the increase of oil products in the country.” Its commercial directorate added that the price increase will “help ensure the continuity of carriers’...
Lomé, the Togolese capital, will host the 72nd session of the World Health Organization's (WHO) African Regional Committee from 22 to 26 August.
This was revealed by the Minister of Health, Public Hygiene, and Universal Access to Health Care, during the Council of Ministers held on August 3, 2022.
"This choice attests to the efforts and progress made by our country, under the leadership...
The Togolese government has set up a committee to regulate its Universal Health Insurance (AMU) scheme. This was disclosed during the council of ministers held on August 3, 2022.
The committee, according to the council, will provide the necessary guidance, ensure financial balance, and help make the insurance system sustainable. It should also “strengthen the governance framework of this...