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The International Monetary Fund (IMF) appointed last Wednesday its new resident representative in Togo: Maximilien Kaffo. Kaffo, a Cameroonian, replaced Burkinabe Jules Tapsoba who has held the position since September 2017.
The Cameroonian joined the Bretton Woods institution in 2014, as a consultant. Before that, he was working in his country as an economist at the ministry of...
A delegation from the WAEMU commission is in talks with the Togolese authorities regarding the implementation of the government’s project to build affordable housing for low-income individuals. The meeting started yesterday in Lomé.
The delegation is led by the coordinator of the technical assistance component of the WAEMU Affordable Housing Finance Project (financed by an IDA grant). The...
OMCA-Togo, the entity in charge of implementing the Millennium Challenge Corporation Threshold in Togo, officially started its activities on Sept. 1. The government and MCC proceeded to the launch.
OMCA will work on implementing reforms aimed at bolstering the land and ICT sectors in Togo. These are the two sectors on which the Threshold deal, sealed in 2019, covers. The amount allocated to the...
Togo recently acceded to the Agreement establishing Afreximbank’s Fund for Export Development in Africa (FEDA). This was revealed in a statement issued by the Bank on Tuesday, August 31.
Togo signed the Agreement alongside South Sudan. They joined Rwanda (which has ratified the Agreement), Mauritania, and Guinea as signatories.
According to Benedict Oramah, President of Afreximbank and Board...
The World Food Program (WFP) will focus its activities in Togo around three axes over the 2021-2022 period. This was disclosed by the entity’s resident representative and country director, Aboubacar Koisha, during a meeting with Prime Minister Victoire Tomégah-Dogbé.
The first axis is social protection and social nets. It will cover 170,000 people struggling due to the ongoing health crisis...
The government disbursed CFA300 million for cultural actors, under the 2021 Fund for Support to Culture (FAC). The list of beneficiaries was released by the ministry of culture and tourism on September 1.
The money will finance 512 projects picked out of 965 submitted in response to a call for projects launched by the government. This is a timely blessing for cultural actors who have been...
Togo has joined the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS). It was disclosed on the OECD's official portal.
Togo is the 140th country to join the tax reform. Doing so, it commits to implementing the 15 reforms the OECD recommends to tackle tax avoidance and regulate multinationals' activities.
"Through its membership, Togo has also...
Set to end next December, the School Assur program has covered 2,615,962 healthcare services as of August 29, 2021. The data was disclosed by the ministry of financial inclusion and the informal sector.
In detail, the program has financed 1,031,059 medical visits, 13,660 admissions, 48,097 surgeries, 290,310 analyses, and 1,232,836 drug purchases.
According to the source, the...
Togo’s Prime Minister, Victoire Tomégah-Dogbé, is among Africa’s top 100 most influential women. She’s is featured in Avance Media’s annual ranking of influential women in Africa and its diaspora.
“We believe this project provides us with another opportunity to not only celebrate African women but to showcase the individual and collective achievements of women who are inspiring...
From now on, the motor vehicle tax (TVM) paid by lorry drivers will be checked at designated weighing points. This was announced by the Office Togolais des Recettes (OTR) and the Société Autonome de Financement de l'Entretien Routier (SAFER).
"Before checking up weight and axle load of lorries and others, payment receipts of the TVM must be presented,'' reads the statement issued by the OTR...
Brazil, South Africa, India, the UK, Russia, Portugal, and Tunisia. Those coming to Togo from these seven countries will automatically be quarantined for 72 hours upon arrival.
According to the Togolese ministry of health, the decision follows “the discovery of new variants of Coronavirus that are highly virulent and spreading rapidly in these countries.”
The quarantine holds...
The World Bank approved last Thursday the disbursement of $60 million (about CFA33 billion) by the International Development Association (IDA) to support education in Togo. The funds will enable the implementation of the “Improving Quality and Equity of Basic Education Project” in Togo.
The monies will be injected into the government’s 2020-2030 Education Sectoral Plan. This was...
Lomé’s airport will be equipped with a PV solar plant. To this end, a tender was launched to hire the firm that will carry out the project.
The selected company will design, deliver and install the plant, said Société Aéroportuaire de Lomé Tokoin (SALT) which launched the tender. SALT indicated that the tender’s winner will also finance the project.
In 2016, the...
Sani Yaya, Togo’s minister of economy and finance, asked G20 members to support African nations facing the Covid-19 pandemic more. This was last Friday, during the 3rd Compact with Africa (CwA) Summit held physically, in Berlin, and virtually.
The Togolese minister said it is necessary that economies concerned get funds to easily have access to drugs, diagnostic equipment, and to massively...
To implement its 2020-2025 development program, the Golfe 6 municipality (in the south-eastern part of Lomé) will raise CFA3.4 billion.
The plan was approved last Friday and according to the municipality’s authorities, 44% of the funds will come from the municipality itself, 1% from the civil society, and 55% from partners.
The plan revolves mainly around three axes. The first aims to...
The price of a 50 kg bag of fertilizer is kept at CFA12,500 for the 2021-2022 agricultural campaign. The decision was announced by the government which explained it is part of steps to mitigate the impact of the Covid-19 pandemic and support farmers.
As part of these measures, the ministry of agriculture distributed over 80,000 t of farm inputs. Out of these, 38,000 t have been used. The...