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IB Holding, owned by construction mogul Mahamadou Bonkoungou, will get an 8.2% stake in the BTCI, one of Togo’s two remaining State-owned banks. This was disclosed by the government at the end of the council of ministers held on August 11.
Lomé said it has started selling part of its stake in the lender’s shareholding, “in line with its ambition to build partnerships with the...
To this end, the ministry of trade and industry issued a notice of interest to hire a firm that will handle the process.
The firm will, in detail, proceed to an assessment of the trade sector, recommend steps needed to tackle the challenges that this industry faces, and identify major commercial trends in The Togolese government looks to update the national policy for trade development...
The Togolese ministry for investment promotion launched two digital portals yesterday.
The first website (www.investirautogo.tg) provides specific, detailed information on 13 administrative procedures to go through when investing in Togo. The second platform (www.apizf.tg) is the website of the investment promotion and free-trade zone agency (API-ZF). It presents advantages of the various...
Last Thursday, Togo received 118,000 doses of the Johnson and Johnson vaccine. The batch was acquired through the African Union’s platform.
According to the press release that revealed the information, Togo ordered a total of four million doses of the Africa-made vaccine. It has several advantages: it is administered in one dose, comes in a bottle of 5 doses, and can be stored at a...
Payadowa Boukpessi and Sani Yaya, respectively the ministers of territorial administration and finance, urged local authorities to manage municipalities’ funds better
The two officials issued the related circular after the release of an analysis report that found several irregularities in the financial management of many municipalities.
The report, issued by the Court of Audit,...
In recent years, the rate of enrollment in Togolese primary schools reached 94%, placing the nation among the WAEMU States with the highest schooling rate.
In that economic community, Togo has the highest completion rate in primary education: 89%.
In detail, schooling rates in kindergarten, primary and junior high school currently stand at 37.2% (from 15.8%), 94.3% (from 86.5%), and...
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...