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The port of Lomé is the second container port in sub-Saharan Africa and is among the top 5 African ports in terms of transshipment. This is according to Lloyd’s List, a well-known magazine specialized in the maritime industry (in publication since 1734).
Over the past year, the port handled 1.5 million containers and on the continent, it follows Tanger Med in Morocco (first container...
According to the 2020 Greenfield FDI Performance Index released this month, Togo is the world’s top performer in terms of foreign direct investments, with a score of 10.83 and 11 FDI projects attracted last year.
Togo “attracts more than 10 times the amount of greenfield FDI that might be expected given the size of its economy.” It thus exceeds the annual average of the performance...
Yesterday, the parliament greenlit the biometric ID project (e-ID Togo). According to the assembly’s president, Yawa Tsegan Djigbodi, the latter aims to “identify each Togolese citizen uniquely.”
For her part, Togolese minister of posts, digital economy, and technological innovation, Cina Lawson said “the adoption of this law is historic because it lays the legal foundations of the...
A new labor code, aimed at establishing a more business-friendly economy, was recently submitted to the assembly for validation.
According to sources close to the case, the new pro-investment document aligns with the government’s reforms to improve the business climate. It was elaborated through a participatory and inclusive process, involving all concerned stakeholders - labor unions,...
Togo’s neighbor Ghana will get a €79 million loan from the UK to expand the 166km-road from Tema to Aflao which connects the two countries.
Once the expansion works (carried out by the British company BHM Construction International) are completed, four lanes will be added to the existing two. Also, the Lower Volta bridge at Sogakope (located in former British Togo), which crosses...
The impact of Covid-19 on the fertilizer market in Togo is “limited”, according to recent evaluations by African Fertilizer, a strategy firm specialized in the fertilizer and agribusiness sector (and partner of Development Gateway and AFRIQOM).
The organization has developed an interactive map that assesses the overall impact of the pandemic on the fertilizer market in Africa. The tool...
Yesterday, Pré Simfétchéou, director of the cabinet of the Prime Minister’s office, led a field visit to assess progress made in implementing the automated tracking system (ATS) which was recently launched by the Togolese Revenue Authority (OTR).
In the framework of the visit which was organized by the OTR, four companies were inspected : Société Nouvelle de Boissons...
Togo’s minister of agriculture, Noël Koutera Bataka, wants to put an end to the illegal fertilizer trade in the country. “It was brought to my attention that some informal networks importing fertilizers of questionable quality feed illicit supply chains across the Togolese territory,” he declared.
Further indicating that the fertilizers concerned can be “harmful to the soil, the...
In Togo, the government warned against the illegal occupation of coasts, reminding occupants in this situation that the areas are part of the State domain.
The warning, issued in a statement signed by the ministers of environment, infrastructure, and urban planning, states: “Anarchic installations on the squares along the Togolese coasts have been noted for some time. These occupations...
In Togo, the presidential program School Assur, a social protection scheme for schoolchildren and students in public schools, launched in 2017, has been prolonged for another year.
“Thanks to this extension, schoolchildren, and students in public institutions will continue to benefit from health care during the academic year and vacations.”
In its three years of activity, the...
In Togo, UNDP launched a call for investment projects with high potential for the economic empowerment of women and young entrepreneurs.
Targeting young and female entrepreneurs in the municipalities of Agou 1, Oti 2, Agoènyivé 5, Kozah 2, and Lacs 1, the program aims to eventually generate benefits for the local communities mentioned. The projects, the UNDP emphasized, must benefit the target...
In this exclusive interview with Togo First, Sandra Ablamba Johnson, Minister Delegate, Advisor to the President of the Republic in charge of Improving the Business Climate, discusses the latest developments in the World Bank’s Doing Business report. This is among others in response to various concerns and claims sparked by the recent suspension of the index.
Togo First: The World...
China, Azerbaidjan, the United Arab Emirates, and Saudi Arabia are the four countries concerned by the irregularities that pushed the World Bank to suspend, last week, the publication of its Doing Business report. This was reported by the Wall Street Journal.
The Bretton Woods institution said it would probe the irregularities in the data used to produce the report.
According to the...
Togo will try to raise 25 billion FCFA on the regional financial market by September 11.
The country, which has been successful since January with investors from the West African Monetary Union (WAMU), will issue to this end fungible treasury bonds with a nominal value of 10,000 FCFA, stipulated for a 36-month maturity.
The securities carry an interest rate of 6.15% per annum, payable from the...
The Project Management Unit (PMU) of the Global Fund in Togo launched a call for expression of interest to domicile its financial resources for the period 2021-2023. It urged interested banks to submit by September 7 applications for opening and managing three euro accounts and 31 accounts denominated in CFA.
The funds, €98,856.160 (around CFA65 billion) in total, will be dedicated...
The National Agency for the Promotion and Guarantee of Financing (ANPGF) and the National Council of Employers (CNP-Togo) sealed on Thursday, August 27 in Lome, a strategic partnership to support SMEs and SMIs which have been hit hard by Covid-19.
“Concerning the respective missions of our institutions, we have deemed it useful to join forces to provide our services and support to Togolese...