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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,...
The Prime Minister of Togo, Victoire Tomegah-Dogbe, met with the Vice President of the European Investment Bank (EIB), Thomas Östros, last Sunday in Doha, Qatar. It was on the sidelines of the 5th Least Developed Countries Conference (LDC5).
During the meeting, Östros reiterated the EIB’s commitment to supporting Togo’s development. "We understand that we have a lot of investment...
Telecom operator Togocom and Guadeloupe-based company Myditek teamed up to digitize Togolese agriculture and promote precision farming in the West African country. The two signed the related agreement earlier this week.
"Broadly speaking, the idea is to move toward precision agriculture," said Sebastien Luissaint, chairman, Myditek. "Under the partnership with Togocom, we will set up...
In the last quarter of 2022, the Togolese Approval Committee examined 13 projects and approved 12 of them, for a total amount of CFA43 billion. Several sectors have attracted investment, notably the textile industry, wood and construction, agribusiness, mechanics, and services.
Foreign direct investments contributed 99% of the total amount of approved projects, with Indians and Singaporeans as...
In Togo, the National Agency for Public Health (ANASAP) and the Lacs 1 Municipality just received new equipment worth CFA315 million. The equipment was provided by the West Africa Coastal Zone Resilience Investment Project (WACA Resip) on March 7.
The handover ceremony was held at the headquarters of the Project Management Unit. Key figures present included Koffi Aoufoh Dimizou, Secretary...
In Togo, the Support Fund for Youth Economic Initiatives (FAIEJ) has trained nearly 5,500 young entrepreneurs and contributed to the creation of 3,500 jobs in 2022. The Fund itself recently disclosed the figures.
Since it launched, the FAIEJ, a public mechanism that fosters the socio-professional integration of youths, has supported around 30,000 youths and at least 3,600 projects. From its...
Shea collectors in Togo and Burkina Faso will get from the African Development Bank (AfDB) and the Global Shea Alliance (GSA) $1.4 million to grow their business.
The facility falls under an agreement recently signed by the AfDB and GSA, for a climate resilience project covering both countries. The project is entitled "Towards Climate Resilient Shea Communities in Togo and Burkina Faso,"...
In Doha, Qatar, last Saturday, the Prime Minister of Togo, Victoire Tomegah-Dogbe, asked for more support for the least advanced countries. She spoke at the opening of the Fifth United Nations Conference on the Least Developed Countries (LDC5).
The least developed countries, the Togolese leader said, are most hurt by current crises that shake the world –health, economic, climate, and security...
About a week ago, the Togolese government revealed that its stake in Togo Terminal went from 5% to 30%. This is the fruit of a highly-anticipated deal between Lomé and the terminal’s owner, MSC, ending a four-year-long legal dispute between the two sides.
Commenting on the deal, the Council of Ministers of Togo said it “welcomes this win-win agreement that is proof of a mature...