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From now till March 4, 2021, the Togolese government has launched an international tender to hire a construction firm that will maintain, throughout the year, 292 km of roads across the country.
The works, ordered by the ministry of public works, will be financed by the Société Autonome de Financement de l’Entretien Routier (SAFER). While the exact amount is yet to be revealed, the...
The United Nations Development Program (UNDP) will invest around $250,000 (CFA135 million) in 8 Togolese civil society organizations (CSO). The recipients operate in the following areas: natural resource conservation, environmental protection, and climate
The funds will be provided as part of the 11th round of funding of the Global Environment Facility Microfinance Program (GEF).
The...
In Togo, property owners will pay less tax, notably due to the reduction of the withholding tax on rent. This tax, paid by tenants of residential or commercial buildings, used to be 12.5% of the rent but it has been reduced to 8.5%. This corresponds to a 4% reduction in just 12 months.
The withholding tax used to cause disputes between landlords and their tenants. Often, the former would...
Quebec will fund an ecological and energetic project in Kloto, 100 km northwest of Lomé. The financing, around CFA250 million, will be provided to Canadian firm Biothermica Technologies, as a subsidy.
The Montreal-based company will steer the project, which in its first phase consist of setting up a waste collection system. In the second phase, a landfill with biogas collection...
The first batch of students trained as part of the Presidential Program of Excellence for the National Development Plan (PPEP) received their completion certificate on Jan. 27. The graduation ceremony was held at the presidency and was chaired by PM Victoire Tomegah Dogbé. The minister of higher education and research, Majesté Ihou Wateba, and the secretary-general at the presidency, Sandra...
Global Trade Corporation (GTC) is in negotiation to partner with Zalach Holding, Morocco’s top poultry company.
The news was announced by Maryux Godwin Alley, MD of the Togolese firm. The partnership aims to make GTC a major player in the poultry sector in West Africa.
More importantly, GTC’s goal is to control Togo’s whole poultry production chain, to secure its supplies, and...
As the Project to support employment and insertion of youth into promising sectors (PAEIJ-SP) comes to an end, a new one, the project to support youth-led agricultural investments (PAIAJ), is in the pipeline.
According to well-informed sources, the new project, which is yet to be launched officially, has been trusted with the team that coordinated the PAEIJ-SP. This, following a call for...
In addition to its last two successful issues, Togo will attempt to raise another CFA80 billion on the WAEMU-securities market this quarter. The related schedule was published on Jan. 26 by the agency.
The amount should be raised through four issues (with equal targets) spreading in February and March. It will be used to cover the country’s budgetary needs. Securities issued will mature...
The West African Development Bank’s (BOAD) first sustainable development bond issue on the international market was successful. Last week, the Bank issued a statement announcing the news.
According to the latter, the operation “recorded a huge success for international investors.” In detail, around 260 asset managers, banks, insurers, and various pension funds from the UK, US,...
KeyOps Tech, a startup specializing in digital tracking of transport and parcel delivery, will launch its services in Togo in February. The move aligns with the firm’s ambition to expand across the region.
The Abidjan-based startup said it delivered and tracked around 500,000 parcels with its KOTscan solution, since the beginning of this year.
KeyOps works in partnership with...
Global Trade Corporation (GTC), headed by Togolese business mogul Ghislain Awaga, is disbursing CFA3 billion to create an agro-food chain in Notsé (96 km from Lomé). This adds to another project launched by the mogul to build 1,000 housing units in the country,
The project, launched last week, involves creating a chain of production, transformation, and distribution of agricultural and...
This year, the transhumance campaign in Togo will start on January 31, and run till May 31, 2021.
This was disclosed by the ministry of livestock, in a press release. The ministry urged the various actors operating in the sector (“presidents of the prefectural transhumance committees, prefectural transhumance officials, farmers, NGOs and all partners”) to do what is necessary for the...
Togo raised CFA88 billion on the WAEMU-securities market, through its latest operation on the platform - a simultaneous issue of fungible treasury bonds. This is the amount retained for the triple issue in which Lomé initially expected to mobilize 80 billion from regional investors.
Overall, a note from the WAEMU-securities indicates, subscriptions to the issue amounted to 201 billion CFA (252%...
To run the Adétikopé industrial platform (PIA), Togo will learn from Gabon’s experience in this area.
Over the past two weeks, Idiola Sandah, general manager of the platform was in Gabon for a professional immersion visit at the administrative authority overseeing the Nkok privileged economic zone (ZERP). This is an industrial site located around 30 km east of Libreville.
During...
The Covid-19 vaccine is not yet available in Togo, let alone already being distributed. The confirmation debunking various rumors and fake-news circulating on social networks, causing the people to fear and panic, came from a statement issued by the ministry of health.
The ministry however noted that like many other countries, Togo “is getting ready to introduce the vaccine in the coming...
Togo’s post and telecommunication regulatory organ (ARCEP) has announced a number of measures regarding tariffs of communication and telecom services in the country. The measures aim to put some order in the sector and ensure transparency to favor consumers.
In a press release dated Friday, January 22, 2021, the body recalls “the principles of fair and reasonable pricing” which must...