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The Togolese government seeks to raise XOF400 million to cushion the economic impact of the coronavirus pandemic in the country.
The sum corresponds to the budget of a fund created especially to preserve the economy against the disease which continues to spread across the continent. This was announced by president Gnassingbé last Wednesday.
No Togolese citizen will be ignored in this battle we...
In a speech addressed to the nation on April 1, 2020, President Faure Gnassingbé declared a 3-month state public health emergency in the country. The measure, which “has never been implemented in our country before, reflects the gravity of the crisis we are facing,” the leader said referring to the coronavirus outbreak.
While this state of emergency differs from a lockdown,...
Yesterday, President Faure Gnassingbé announced several social, political and economic measures to make life easier for the Togolese people as the coronavirus pandemic keeps spreading worldwide.
As part of these measures, starting this month, access to water and power is free for the next three months.
In detail, concerning water, households with a monthly consumption capped at...
To improve its services, Togo Terminal (TT), subsidiary of Bolloré Transport & Logistics Togo specialized in container handling and storage, has switched to electronic invoicing.
Electronic invoicing should become compulsory by the end of this month, TT warned while noting however that “all our clients have a period of three months to comply with the new procedure.”
The...
Effective April 1, 2020, banks and other financial institutions will be operating from 7:30 AM to 1:30 PM and 2:30 PM for customers and staff members, respectively.
The decision, which was made by the Professional Association of Banks and Financial Institutions of Togo (APBEF-Togo), falls in line with the various measures taken by the government to prevent the spread of the...
On March 31, 2020, the German embassy in Lomé announced that the European country would help Togo combat the coronavirus pandemic.
The support will mainly focus on: boosting prevention by improving communication and supplying protection equipment, improving diagnostic capabilities, and providing medical equipment to the resuscitation room at CHR Lomé.
Last week, Togo received from...
The University of Lomé (UL) has put in place an ad hoc commission to research efficient treatments against the coronavirus (Covid-19).
The commission regroups biologists, microbiologists, infectiologists, virologists, pharmacists, pharmacologists, jurists, economists, sociologists, psychologists, and anthropologists.
According to the president of the University of Lomé, Prof....
Until further notice, the usual destuffing platforms of Lomé - Lomé Container Terminal and the Destuffing Centre of the Autonomous Port of Lomé (PAL)- are out of use.
The decision, validated by the PAL’s director, Fogan Adegnon, is part of measures taken by Togo’s government to mitigate the propagation of the coronavirus in the country.
In the meantime, Adegnon indicated,...
Togo’s Chamber of Commerce and Industry (CCIT) has launched an investigation to assess the impact of the coronavirus-related health crisis on Togolese businesses.
In this framework, business operators will provide (on a dedicated survey form) their turnover for H2 2019 and January-February 2020.
Besides determining how earnings of businesses have been impacted, the survey...
Last Monday, the minister of public works, Gilbert Bawara, said the government would do everything to protect jobs as the coronavirus pandemic threatens not only health but the whole economy as well.
The official was meeting with representatives of syndicates and the private sector. Amongst the latter was Germain Mèba, president of the Togolese chamber of commerce and industry...
In Togo, all T-Money transactions are now free. This was announced by Togocom group which owns the digital platform.
The move aims at making it easier for T-Money users to proceed with their transactions and avoid physical contact as much as possible to slow the spread of the coronavirus.
By canceling the fees for all T-Money transactions (money transfer, deposits, airtime and...
Last Friday, the Central Bank of West African States (BCEAO) announced the launch of tenders, with a few amendments. Among the latter, the apex bank set a fixed rate of 2.5% for the tenders - its lowest intervention rate so far.
The reduction of the rate is part of measures announced on March 21st, to mitigate the impact of the coronavirus pandemic on banking systems of WAEMU countries....
Over the next two weeks, no more passengers will be allowed to disembark at the airport of Lomé. The restriction applies to both Togolese citizens and foreign travelers.
The measure, which aims at preventing the saturation of the only reception center of the airport, was effective since the end of the previous week. Exceptions include those in transit, cargo aircraft, and stopover...
France, Germany and the EU laud Togo’s efforts at improving economic governance and business climate
In a note sent to president Gnassingbé last Wednesday, French president, Emmanuel Macron, congratulated the Togolese leader for winning the recent elections.
I also laud efforts made in terms of economic governance and business climate, as reflected in recent global rankings, the French leader said. France will continue supporting the implementation of the national development plan in the...
Seven West African countries, including Togo, will get $379 million from the World Bank, in the form of loans and grants, to reinforce and harmonize their statistics system.
The support was approved by the World Bank’s board on March 26, 2020. It aligns with a regional project that mainly aims at raising demand for quality data, as well as boost capacities of the respective national...
West African major construction firm EBOMAF will rehabilitate and reinforce segments of the Lomé-Kpalimé road. The works will begin mid-April.
In detail, the Burkinabe firm will build a 2x3 road on the Todman-Zanguera (15 km) line, and a 2x2 road on the Zanguera-Noepé axis. Additionally, a two-lane roadway (91km) will be built between Noepé and Kpalimé, as well as water retention basins in...