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The CEET, Togo’s power utility has a new managing director: Degla Essenouwa. Holder of a Master's degree in Telecommunications and Networks, Essenouwa was appointed on November 18. He replaced Laré Santiégou who has occupied the position since May 2020.
The new manager will pursue his predecessor’s mission, knowingly distributing and selling power across Togo, in compliance with the...
This campaign, according to the tax administration, will allow it to draw up a tax map of the territory through the recording, processing and aggregation of the data collected which will be stored in a database.
According to the OTR, besides data collection, "such censuses are interesting for economic operators because they contribute to the development of their environment”.
All companies...
Actors of decentralized finance systems (DFS) took part last week in a two-day workshop on anti-laundering. The meeting which closed on Friday was organized by Expertise France and the Togolese cell that handles financial information (CENTIF-Togo).
Around 40 representatives from local DFS attended the meeting. They were trained by two experts who came from Benin and Senegal.
According to the...
The Golfe 1 municipality of Lomé needs CFA6.725 billion for its development over the 2022-2026 period. The figure is written in the municipality’s development strategy (PDC) which was presented last Wednesday to technical and financial partners as well as the civil society.
The PDC focuses on helping the youth and women become financially self-reliant. It also contains infrastructure projects...
Fishing has resumed at the Nangbeto lake, as announced last Wednesday by the minister of maritime economy, Edem Kokou Tengue. The resumption after a three-month pause was imposed to let the lake’s fauna regenerate.
However, the ministry in charge urged concerned fishermen to abide by a set of rules like having a permit or authorization issued. The use of mesh nets or similar to mosquito nets,...
The Togolese parliament has adopted, last Tuesday, the State Budget Settlement Acts concluding years 2016, 2017, 2018, and 2019. The vote took place during the eleventh plenary session of the second ordinary session of 2021 which aimed at enabling the government to better execute its budget.
"I would like to emphasize that the settlement bills for 2016, 2017, 2018, 2019 that you have just...
Togo inaugurated its first public transport observatory (OTT) last Tuesday. The building which was offered to the ministry of transport by the European Union (EU) cost CFA200 million.
The EU also equipped the facility (over CFA10 million spent) and bought two pick-up vans (CFA46 million) for the personnel.
The new observatory will assess any activity related to transportation of travellers and...
Gustav Bakoundah is a Togolese who produces and processes fruits and oleaginous products. Last Sunday, he received the World Quality Commitment (WQC) award, from the Business Initiative Directions group (BID).
According to the BID, Bakoundah, Managing Director of Label d’Or, owes the award to his commitment to having quality products, and boosting his production in an innovative way.
“For...
The first edition of the Togo-Morocco business forum could happen next year. The topic was discussed Tuesday in Lomé by the Moroccan ambassador, Rachid Rguibi, and Victoire Dogbé, Togo’s PM.
The event could happen depending on how the Covid situation evolves, said the two figures.
In their opinion, the projected forum would help boost cooperation between the two countries....
Nearly 800,000 tons of waste have been buried at the Centre d’Enfouissement Technique (CET) of Aképé (about 20 km north west of Lomé) in the past three years. This, according to the Autonomous District of Grand Lomé (DAGL) in charge of the CET, cost the district CFA1.6 billion.
In detail, each ton of waste buried is charged by the operating company at CFA5 431. Over the period...
Two days ago, a delegation from the European Investment Bank (EIB) started in Lomé a mission to explore financing opportunities available in Togo. The initial meeting held in this framework was chaired by the Togolese Prime Minister, Victoire Tomegah-Dogbé. According to her office which disclosed the information, several Togolese officials were also there to present some of the country’s...
The US gave Togo 301,860 doses of Pfizer vaccines last Friday. This makes a total of 909,090 doses that the African country has received from the economic powerhouse so far.
The new batch, provided under the Covax initiative, was received by the Togolese minister of health, Moustafa Mijiyawa. It aligns with a commitment made by President Biden to help developing nations face the Covid-19...
Yesterday, November 15, Gozem launched its Graduate Training Program which will be carried out over two years. The program has commenced with four young masters’ degree holders.
Through the program, the Uber-like company will provide online and physical training sessions to its future managers. Overall, nearly 500 courses will be set up to train marketing experts, business developers, delivery...
Togo won the Creativity awards at the 7th edition of the SITA, an international exhibition of African textiles. The event was held in Djibouti from November 10 to 13, 2021.
The country competed against 33 others for the award. It was recognized to have the most attractive and innovative stand.
The SITA promotes Africa’s textile products and industry. The Togolese delegation took part in the...
Togo should record economic growth of 6.1% next year, according to its government. The figure was disclosed last Friday, after the council of ministers which focused mainly on the 2022 budget.
The forecast aligns with the post-Covid recovery started by the country this year. Indeed, economic growth in 2021 is expected to stand at 5.3%, against 1.8% in 2020.
Lomé is also optimistic...
Togo will dedicate CFA493.3 billion to social sectors out from its total budget for 2022. The figure is written in the budget draft bill that was validated last Friday, by the ministers’ council.
Next year the country will thus allocate an increased 10.8% to social sectors than it did under the 2021 budget - knowingly CFA445.1 billion.
Succintly, 151.6 billion will be made...