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Edem Tengue, Togo’s minister of maritime economy, recently addressed the acquisition of Bolloré’s port assets in Togo by MSC, the world’s largest container shipping line. The official talked about the matter which has sparked diverse reactions in an interview with Tribune Afrique. MSC, it should be emphasized, is already active at the port of Lomé; it operates the Lomé Container Terminal...
To better impact consumers, Togo’s Electronic Communications and Posts Regulatory Authority (ARCEP) will bet on regulation by data and capacity building of the media in the processing of information related to ARCEP.
In this framework, the regulator hosted last Tuesday–World Telecommunication Day- a masterclass regrouping media professionals and consumer associations.
“In...
The UN Development Program (UNDP), the Organization for Economic Cooperation and Development (OECD), and France will help Togo better tackle tax evasion.
Last Tuesday, the Togolese Revenue Office (OTR), in partnership with France’s Public Finance General Directorate, the OECD, and UNDP, launched a program to this end. Present at the launch was Essien Atta-Kakran, Togo’s Customs...
The new director-general of the International Labor Office, Gilbert Fossoun Houngbo, met with President Faure Gnassingbé last Tuesday, May 17, in Lomé. During his audience with the Togolese leader, Houngbo told him about the priorities he will focus on throughout his mandate, knowingly reducing the cost of living, bolstering social protection, and getting actors of the informal sectors to...
The government of Togo recently reminded the country’s mass consumption exporters that the export of mass consumption goods is subject to prior authorization from the ministry of trade. The reminder came via a decree issued on May 16, 2022.
The decree - which was signed by the ministers of agriculture, economy, security, and trade - adds that the authorization must be requested by the...
From May 16 to 31, the indicative price to the producers of superior quality cocoa has been set at CFA905 per kg, down 6% compared to the price set for the first two weeks of the month, knowingly CFA960.
Similarly, the price of Healthy Robusta coffee has been reduced from CFA860 to CFA845 per kg (-1.7%).
The new indicator prices were disclosed by the Coordination Committee for the...
As part of the African Union’s Skill Initiative for Africa (SIFA) support mechanism, Germany’s development fund, KfW, will provide €6 million to two training institutions in Togo. The institutions, knowingly Tové’s national agricultural training institute (INFA) and FORMATEC, an institute for technological, economic, and administrative sciences, will share the funds...
Initially scheduled for 3 April 2021 and postponed due to Covid-19, the gala evening of distinction of the 100 most dynamic Togolese companies will take place on May 27, 2022, in Lome. ECO Finance Enterprise, the firm behind the event disclosed the new date last Tuesday.
According to the organizers, the 100 firms will be selected based on four criteria; expertise, innovation, market...
The Togolese government officially started assessing its public finance management on May 17, 2022. The launch ceremony was attended by the country’s technical and financial partners, such as the European Union delegation in Togo (represented by Joaquín Tasso Vilallonga, head of its Delegation) which supports the initiative.
On the occasion, Sani Yaya, Togo’s minister of finance, said the...
Several consumer goods, imported or sold in Togo, have been exempted from value-added tax (VAT). Sani Yaya, minister of economy and finance, issued a statement in this framework last Tuesday, to inform relevant departments, including the Togolese Revenue Office (OTR), of the change.
Products concerned by the exemption include wheat flour (in 50 Kg bags), imported exclusively by SGMT (Société...
An investment policy review (IPR) was officially launched in Lomé on May 16, 2022.
Formally requested to the UNCTAD by the Togolese government, the review aims to draw and set up a targeted approach that will help Togo attract more FDIs and develop all the regions of the country, not only the capital.
According to Rose Kayi Midevor, the minister for investment promotion,...
Last night, another fire broke out at Adawolato, in Lomé’s primary market. This is the third market fire in a few weeks. The first two were in Kpalimé and Hanoukopé (Lomé).
Firemen were called and able to contain the fire a few hours after it began. According to the first assessment of the incident, four big clothing stores were burnt.
At the moment, the origin of the...
To help Togo tackle maritime insecurity, a European Union (EU) delegation is currently in Lomé to meet with local authorities. The Europeans came to Lomé on May 17 and will leave on May 19, 2022.
They are led by Nicolas Berlanga Martinez, Senior Coordinator of the European Union for Maritime Security in the Gulf of Guinea and former head of the EU delegation in Togo.
According to...
After staying closed for over two years, due to Covid-19, Togolese borders have been reopened to travelers today, May 17, 2022.
"Movement is therefore free for travelers, provided they can present a proof of vaccination," reads a government statement published on May 16.
The government said in the document that its decision was driven by “the slowdown in the spread of the Covid-19...
The Togolese ministry of economy and finance will assess, starting from May 17, 2022, the country’s public finance management, using the Public Expenditure and Financial Accountability (PEFA) framework. The assessment was launched at Lomé’s 2 Février hotel.
"The PEFA is an assessment tool whose methodology was developed in 2005 and then updated in 2011 and 2016. Togo was the first...
The report of the revised update of Togo’s national trade development policy (PNDC) was validated last week. The provisional report will be supplemented by recommendations of economic operators and development partners.
The updated policy will take into account recent changes happening in the African and international economic environment and will focus on the positioning, opportunities, and...