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Sanlam Insurance opened three new branches in Lomé last Thursday. The new offices are located in Kégué-Zogbédji, Agoè-Démakpoè, and Djidjolé-Totsi.
According to Sanlam’s country manager, opening the new offices is part of the company’s “proximity policy” which aims at enabling the population to access its products and services (automobile, fire accidents, miscellaneous risks,...
New commitments from U.S. agencies rebounded in 2021, reaching their highest in two decades, according to ForeignAssistance.gov, the State Department platform that compiles data on U.S. foreign assistance. This record follows a drop in 2020, amid tensions between Lomé and Washington following the presidential election in Togo.
As of April 2, 2021, the date of the last update of foreign aid...
The European investment fund, Investors and Partners (I&P), will help Lomé Business School (LBS) create an e-learning platform. The financial support, I&P’s first in a private business in Togo, was announced by the fund last week, via a statement.
Under the partnership, LBS will also get equipment and be supported in implementing an educational engineering process...
The 8th edition of the WAEMU Banks and SMEs Fair (SBPME-UEMOA) will be held in the Togolese capital, next November. The information comes from Hermann Naglo, Permanent Secretary of the show, who communicated on this event at the end of a meeting with the President of the Special Delegation of the Chamber of Commerce and Industry of Togo (CCIT), Nathalie Bitho.
During this meeting in Lomé,...
Next April, Lomé will host a high-level conference on political transitions and the fight against terrorism in the Sahel and West Africa. This was disclosed by the Ministry of Foreign Affairs which is behind the project. The related press release further notes that Robert Dussey, the Togolese Minister of Foreign Affairs, presented the project to Antonio Gutierrez, the UN Secretary-General, on...
The government of Togo will spend CFA5 billion on exceptional bonuses for teachers, covering the period from January 2021 to December 31, 2025. The news was announced via a press release issued on Feb 9, 2022, after a meeting between education stakeholders and Togolese officials.
A large portion of the funds will be provided to public teachers as annual allowances, not "indexable" over the...
Last Tuesday, Feb 8, the minister of health and the minister of universal access to health care, Moustafa Mijiyawa, and Agba-Assih Mamessilé, were in northern Togo to visit some health infrastructure under construction.
Notably, the two Togolese officials were in Kara to evaluate construction works for the Center for Medical Specialties (CMS) and the Center for Infectious Diseases (CID), and in...
"Faced with new issues and challenges, it is important to update the national policy for the development of Togolese trade to make Togolese companies more competitive on the international market, in a context where, as we all know, Covid hinders imports and exports," said Dr. Ayira Korem, an economist and researcher at the University of Lomé, in charge of the project. "So it is essential to...
Due to a lack of plants to process the crop, Togo massively exports its cotton output, to Southeast Asia mostly.
Cotton is Togo’s primary source of foreign currency. In 2020 and 2019, the country raked in $64 million (about 36 billion CFA francs) and $98 million, respectively, from its white gold exports. These figures were obtained from the UN Comtrade database, an...
The physical and financial rates of completion of reforms that the Togolese Ministry of Economy and Finance initiated in recent years are 80.02% and 67.8%, respectively.
The figures were disclosed during a recent videoconference on the National Review of Reforms underway in ministerial departments and state institutions through to the end of December 2021.
During the meeting,...
Last Friday, the National Agency for Support to Grassroots Development (Anadeb) identified and selected 900 villages that will receive additional funds as part of the Social Nets and Basic Services Project (FSB). They were selected after regional meetings that gathered communal authorities and civil society organizations.
The randomly-picked villages come from 100 of the poorest districts of the...
Lomé hosted on Feb, 8, the 3rd Conference of the Pan-African Federation of Accountants (PAFA). This year, the event focused on public finance management in French-speaking African countries and gathered about thirty chartered accountants. The theme of the conference was: "Public Finance Management Reforms, the Agenda of Francophone Countries."
Participants present -public accountants and...
In line with its ambition to improve land tenure, the Togolese council government, via its council of ministers, has adopted on Feb 7, 2022, a draft decree to set up a Land Advisory Council.
"This decree, taken in application of the land and property code, aims to set up a framework for exchanges and consultations on actions to be taken in the field of land and property," the government wrote in...
Invoice factoring could soon become more accessible to businesses in Togo. Indeed, the country’s council of ministers adopted last Monday a uniform draft bill covering this activity in the West African Monetary Union member states.
Factoring is a transaction whereby businesses fund their cash flow by transferring their receivables to a third party (the factor). The Togolese government...
Last Monday, Feb 7, Togo's Council of Ministers adopted a draft bill aimed at accelerating the digitization of visa and resident permit applications and issuance. The meeting was held in Kara (412 km north, from Lomé).
"The main purpose of this draft bill is to update the general rules applicable to the entry, stay, movement, and settlement of foreigners on Togolese territory. In...
The government recently encouraged UN bodies in Togo to increase their actions, those that will greatly impact the people and accelerate inclusive development. In this framework, following a meeting to review the UN’s activities in the country, representatives from both sides picked some key areas where these actions can be carried out. They include health, education, and...