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Two hundred and fifty thousand (250,000) tons of soybean seeds will be put up for sale in the 2021-2022 campaign. This was recently disclosed by the Interprofessional Council of Soybean in Togo (CIFS-TOGO), as the campaign was being launched.
This volume is 40% higher than that marketed in the previous campaign: 150,000 t.
Out of the 250,000 t that will be marketed this year, 36,000t will...
Lomé hosted yesterday the 22nd session of the Togo-EU political dialogue. The meeting was co-chaired by the Togolese minister of foreign affairs, Robert Dussey, and the head of the EU representation in Togo, Joaquín Tasso Villalonga.
Attended by several Togolese ministers, the roundtable revolved around political, economic, social, and common interest issues.
“Togo is a reliable and...
President Recep Tayyip Erdogan from Turkey just arrived in Togo, as announced by the Togolese presidency. He was welcomed on his arrival at the Gnassingbé Eyadema International Airport by his Togolese counterpart, Faure Essozimna Gnassingbé.
The Turkish leader came with about 100 people, including officials, economic operators, and investors.
As a reminder, talks between the Togolese...
Cimtogo, a subsidiary of HeidelbergCement, increased the price of its CPJ 45 cement. The information was confirmed last Saturday by Eric Goulignac, MD of Cimtogo.
In a note addressed to retailers dated October 13, 2021, the cement supplier announced the new price and it became effective on October 15. According to the note, the ton of cement sells for CFA79,001 at Cimtogo’s plant in...
Maximilien Kaffo, the new IMF resident representative in Togo said last Thursday that the country’s economy grew over the first half of the year, despite the Covid crisis. This was also the opinion of the National Council for Credit (CNC).
Kaffo made the statement during a meeting with the local press. He also said that the sectors of industry, trade, services, and some others, regained...
Togo will receive in the middle of this week Turkey’s President, Recep Tayyip Erdogan, and according to the Togolese presidency, many agreements, in various sectors, should be signed during his stay. Erdogan started last Sunday a tour in Africa.
The foreseen deals are expected in the sectors of agriculture, trade, and defense. Ankara noted that “a deal with Togo in the sector of industry and...
A fruit and vegetable processing unit, the first in Togo, was inaugurated in Tsévié last Thursday. The facility, which will mainly make tomato paste and pineapple juice, was inaugurated by the minister of grassroots development and youth employment, Myriam Dossou-D’Almeida.
“The commissioning of this processing unit opens up a new page in our country’s agribusiness sector and...
In Togo, the vaccine pass measure is only mandatory in the Grand Lomé region at the moment because the region concentrates the most cases (over 90%) of Covid-19. This explanation was given by Col. Djibril Mohaman who heads the national coordination team tackling the pandemic (CNGR), in response to recent concerns of the constitutional court regarding the pass’ expansion to the rest of the...
Togo will try to raise CFA50 on the regional money market this month. The funds will be used to finance the country’s Covid-19 recovery strategy.
Lomé’s first issue on the UMOA securities market is today, Oct. 15. The country, by issuing recovery bonds, will seek CFA25 billion. Another issue (of fungible Treasury bonds) is set to follow on October 29 with the same goal.
So far...
The chamber of commerce and industry of Togo (CCIT) wants to boost trade between Burkina Faso and Togo. To this end, the chamber held, on Oct. 13, a meeting with its technical and financial partners to assess the needs of sellers active on the Lomé-Ouagadougou axis.
Measures planned to support small sellers along this road axis include “interventions at checkpoints to make it easier for...
Togo is preparing for the COP26 that will take place from October 31 to November 12, 2021, in Glasgow, Scotland. In this framework, the country’s actors of the climate and environment sector are holding a meeting, started on October 14, in Lomé where they are discussing Togo’s efforts to tackle global warming, and agreeing on arguments they will defend at the international...
Lomé and Nouakchott will soon cooperate in the port and fishing sectors. The announcement was made Wednesday during an official visit by Togo’s President, Faure Essozimna Gnassingbé, to Mauritania where he met President Mohamed Ould Cheikh El Ghazouani. The two leaders discussed bilateral cooperation between their nations.
According to the statement issued after the meeting, the decision to...
The Togolese government announced on October 12 it is taking measures to ratify the framework agreement related to tourism ethics. This was during the council of ministers held that day.
“This convention will help boost the legal framework and contribute to the sector’s professional exploitation,” the council said in a statement. The document will, the statement adds, help foster...
Togolese investors lost more than CFA20 billion in the “Trading Gate” scam. Talking to France 24, Ange Ketor, head of the microfinance professionals association of Togo, said the fake trading and cryptocurrency firms “stole over CFA22 to 25 billion.”
This money, the expert added, “came mainly from formal lenders, like banks and microfinance institutions.” Thousands of savers trusted...
Despite the persistent health crisis, the number of businesses started in Togo should reach a new high this year.
By the end of September 2021, official data shows that 10,806 new businesses were registered in Togo. This represents a 13.4% increase compared to the 9,527 businesses registered over the first three quarters of 2020. The upward trend - recorded over the past few years - is...
As part of its Reinforced Integrated Program, Togo plans to set up a package production and sales unit. In this framework, the ministry of trade launched a preliminary feasibility study for the project.
Ending on October 15, the study aims to collect data of packaging manufacturers and users that operate across the country. Information gathered will serve “to quantify, for the sub-sector...