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The Togolese State spent CFA1.9 billion to cover registration fees for national examinations in 2021-2022.
The amount corresponds to the registration fees of over 484,755 candidates. The exams covered are the CEPD, BEPC, BAC1, BAC2, and BTS. Others such as the CFA, BT, CQP, BEP, CAP, and DTSA also benefited from the registration fee exemption.
The measure was part of promises made...
The President of TOGO, Faure Gnassingbé, and the British Prime Minister, Boris Johnson, met last Friday in London. This was on the sidelines of the global summit on education.
The two leaders, according to the Togolese presidency, mainly talked about Lome's reforms to improve the business climate and attract private investors in economic sectors with high potential.
They also discussed...
Lomé is currently hosting a two-day international conference on grassroots development. The meeting, which focuses on public policies benefiting grassroots populations, and began on July 29, is an initiative of the Organization for Economic Cooperation and Development (OECD).
The conference was opened by Togo’s PM Victoire Tomegah-Dogbe, Mario Pezzini, director of the OECD development...
His Excellency Faure Gnassingbé, President of Togo, and Boris Johnson, UK’s Prime Minister, were set to have a tête-à-tête on the sidelines of the Global Education Summit that just ended in London.
Announced by official sources, the meeting aimed to get both leaders to discuss the relationship between their countries, as well as bilateral cooperation. Also, it concerned Togo’s...
Transshipping operations in Togolese waters will be regulated henceforth. This was decided during a council of ministers held July 24, in Kara. A draft bill was examined in this framework.
Explaining the move, the government said that “though they developed in our country, taking into account security issues prevailing in our territorial waters,” transshipment operations are...
Over the past year, the government of Togo dedicated 48% of its revenue budget (grants included) on investments. This corresponds to CFA444 billion (out of CFA926 billion), according to the BCEAO.
Compared to 2019 where the country spent CFA234.7 billion (or 28.5% of its revenue budget that year) on investment projects, the amount disbursed last year has almost doubled.
When it...
Over the past eight years, Africa Global Recycling (AGR) has collected, transformed, and valorized more than 10,000 t of waste products, according to Edem d’Almeida, founder and MD of AGR.
Speaking in an interview, d’Almeida added that “in 2020 alone, 20,000 t were processed, despite the health crisis’ impact on our activities.”
Committed to protecting the environment...
Via a decree issued on July 19, 2021, the Togolese minister of finance Sani Yaya established “a committee to monitor the repayment of funds collected by firms that conduct illegal financial and monetary activities.”
The new entity will “hold meetings with the top management of concerned firms, proceed to legitimacy controls, assess their financial situation, and fix modalities to reimburse...
The ministry of trade, industry, and local consumption launched yesterday the National consultation Day on women's involvement in intra-African trade. The launch, which took place in Lomé, aligns with the implementation of the African Continental Free Trade Area (AfCFTA).
The ministry, through the said consultations, plans to provide women with a platform to express their needs and interests,...
To support its diaspora’s contribution to national development, the Togolese government has drawn an “Estival Agenda for the Diaspora”. In a recent tweet, Robert Dussey, minister of foreign affairs, disclosed the information.
The scheme targets Togolese nationals who have returned home for the summer vacations. It will, in effect, provide technical and administrative support to those...
Before the automated branding system was introduced, respectively 80% and 40% of the beer and tobacco products that were imported and sold in Togo evaded control by the tax administration. The information was reported by Africatimes.
The news outlet said Togo lost over CFA3.5 billion and CFA2.5 billion as a result of the products mentioned not being taxed. Combined, this sum makes nearly...
FAIEJ, a fund supporting youth-led businesses, and UNDP-Togo launched last Monday the Togolese Facility for Acceleration and Innovation (FTAI). This is a CFA265 million fund to back local innovative and ambitious entrepreneurs.
The fund, which should bolster business creation and generate more jobs for the youth, will benefit startups and incubators.
“It is a facility that...
Lomé’s fishing port garnered over 1,324 tons of fish between January and May 2021. The figure, which is up 36% compared to the same period in 2020, was disclosed by the Togolese ministry of maritime economy, fishing, and coast protection.
The ministry attributes the increase to newly-built infrastructures at the port. “This is a significant development for artisanal fishing in...
The World Bank will disburse $470 million to support the Lomé-Ouagadougou-Niamey (LON) road corridor project. This was reported by Agence nigérienne de presse.
The infrastructure, which spans 1,065 km, will boost trade between Togo, Burkina Faso, and Niger. Moreover, it will accelerate the transportation of export goods passing through the port of Lomé. In detail, trucks will spend 62%...
Out of the 13 banks present in Togo, 12 offer digital services. This was disclosed by the minister of economy and finance, Sani Yaya.
The services mentioned - financial and non-financial - help inform, support, and council customers in managing and controlling their transactions.
According to Sani Yaya, two lenders launched Whatsapp-based mobile banking, enabling their customers to...
In Togo, the consumer price index moved from 110.7 in May, to 112.5 in June (+1.6%). This is according to the country’s statistics, economic and demographics institute (INSEED).
The rise was driven by a 3.4% increase in prices of food and non-alcoholic drinks, a 3.4% increase in the cost of transportation, and a 0.8% increase in prices at hotels and restaurants. Moreover, prices of...