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Lomé will host the 8th Annual International Tax Conference (CIAF), the largest sub-regional meeting on tax mobilization by States, on February 24-25. Major personalities, including the Togolese President, Faure Gnassingbé, and his Minister of Finance, Sani Yaya will be present.
The information was disclosed by the Togolese Revenue Office (OTR), the country’s tax mobilization body. The theme...
A delegation from the Saudi Development Fund (SDF) is presently in Lomé, led by Alzahrani Saeed Mubarak. The delegation was received on Feb 21 by the Togolese minister for water, Bolidja Tiem.
On the same day, President Gnassingbé received the Saudi ambassador to Togo, Mishaal bin Hamdan Al-Roqi. Among others, the two men discussed cooperation between the two countries, especially relative to...
As of December 31, 2021, Togo's outstanding debt on the WAEMU market stood at CFA1,537 billion. That is CFA190 billion or 14% more than the figure reported for 2020.
The increase is mainly due to a surge in auctioned issues and long-term debt, as the country strives to reduce the refinancing risks associated with its domestic debt. Bonds issued through auctions rose from CFA1,191 billion...
Togo processed 1,125 property transfer requests in 2021, up from 252 in 2018. According to the country’s Business Climate Cell (CCA) which released the figures on Feb 21, 2022, this represents a jump of over 300%.
The CCA attributes the performance mainly to the digitization of 99.32% of land titles in the country, making it easier to research data related to the titles. Other reasons include...
Togo's debt on the sub-regional financial market (Umoa) is mainly held by investors based in Togo, according to data from the Umoa Securities Agency in its latest quarterly report.
Indeed, at the end of December 2021, more than 30% of the country's public securities portfolio, or CFA424 billion, was held by local investors, the vast majority of them from the banking sector.
After Togolese...
The government of Togo does not plan to increase the pump prices of petroleum products in the country. The information was disclosed by the Ministry of Trade, to put an end to some misleading rumors that caused a rush to the stations, in Lomé especially.
The ministry explained that the rumors are due to “tensions in the supply of petroleum products.” It added that things “should be...
The Togolese television TVT has been added to CANAL+’s paid offer which is available in around 50 countries, in sub-Saharan Africa and the world. The related partnership agreement was signed last Friday, February 18, 2022, between the Togolese State and Canal+ Africa. The two partners were respectively represented by Akodah Ayewouadan, Minister of Communication and Media, and David Mignot, CEO...
UNESCO will help Togo improve its education system. Last Thursday, the UN body held a meeting in Lomé, to assess the country’s needs in this sector, in line with the Educational Resources project which was launched in June 2021 and will be financed by the French Development Agency (AFD).
The meeting, which gathered actors of the education sector, allowed UNESCO to identify the steps it needs...
The Togolese Ministry of Water and Village Hydraulics launched last Thursday the operational phase of the PAGEPC, a project that aims to improve access to clean water and sanitation in the Avé 2 and Zio 2 municipalities. The project will be carried out by Pionniers en Action pour le Développement Intégré à l'Environnement (PADIE), a private association, at a cost of CFA437...
As part of the West Africa Coastal Areas Management Program (WACA), Togo received another $12 million (CFA7 billion) from the International Development Association (IDA) near the end of December 2021. Togo First obtained the information from experts close to the matter.
The funds, which are equally divided into a loan and a grant, will be used to continue anti-erosion works in one of...
The government of Togo said on February 14 that it would repay all of the country’s 117 municipalities the costs of issuing birth certificates, in line with the law instituting the free provision of this document in the country.
According to a decree jointly issued by Payadowa Boukpessi and Sani Yaya, respectively the minister of territorial administration and the minister of finance, "the...
France recently classified Togo among the least risky countries, regarding the pandemic. The announcement comes as the European country relaxes sanitary measures as vaccination levels worldwide go up.
Togo is, according to Paris, among countries with “negligible or moderate circulation of the virus, in the absence of an emerging variant of concern.” France thus walks in the steps of the UK...
The capital of the Société d'infrastructures numériques (SIN), a sovereign entity responsible for holding strategic assets in the telecommunications and ICT sector in Togo, has been raised to around 14.2 billion FCFA, Togo First learned.
Established in November 2016 by presidential decree, the SIN was endowed with a capital of 200 million FCFA, fully subscribed and paid up by the...
Togo is exploring ways to develop a whole value chain of cotton by-products. The country, which mainly grows the crop for export is carrying out a feasibility study for this project and key players have been working on its validation since February 15, 2022, in Lomé.
The stakeholders concerned include the Nouvelle Société Cotonnière du Togo (NSCT)), the FAO, the United Nations...
The West African Development Bank (BOAD), has completed the first stage of its capital increase, raising CFA837 billion, with the support of its main shareholders (regional and non-regional).
“I am pleased to announce that BOAD has completed the first stage of its capital increase for an amount representing more than half of its target of USD 1.5 billion. I would like to thank our shareholders...
In Togo, the Société des Transports de Lomé (SOTRAL) will expand its car fleet via a government-backed project worth more than CFA15 billion.
Announced by the ministry of transport, the project will enable SOTRAL to get new buses, MAN buses notably, a few months from now.
This project aligns with the fifth axis of the government roadmap, which aims to “make Togo a logistics and...