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After making mask-wearing compulsory in the country, Togolese authorities said those who do not comply with safety measures could face sanctions.
The government warned that any such person could pay a fine that ranges between XOF3,000 and XOF20,000, or even a worse sanction - XOF50,000 and between one and six months of prison - if the offense is repeated.
Regarding companies,...
British carmaker Morris Garage (MG) will start operations in Togo on July 15, 2020. The firm signed a partnership agreement in this framework with Diwa International, the car dealer founded by Togolese businessman Jonas Aklessou Daou who also heads Sodigaz.
MG will offer various types of cars including its RX5 model, which is a modern SUV. “We have the ideal offers for professional,...
Last year, Togo imported 159,702 bottles of champagne (of 75 cl) for more than €3.1 million.
In West Africa, the country was the third-largest importer of champagne over the period reviewed. First was Nigeria with 569,440 bottles imported (€18,153,942) and Côte d’Ivoire with 348,955 bottles (€5,935,560).
Behind Togo were Ghana, which imported 102,070 bottles...
On July 7, 2020, the French Development Agency (AFD) and the Banque Ouest-Africaine de Développement (BOAD) inked two financing agreements worth a total of €175 million (or XOF115 billion). The funds are to make the WAEMU states more resilient to the Covid-19 and climate change.
According to a related statement, the first agreement, for €100 million, “will help the...
In Togo, the PAEIJ-SP, which fosters the creation of jobs for the youth and their professional insertion into promising sectors wants to turn 2,3000 farmers associations into cooperative societies.
The farmers concerned by the related project work in the organic soybean and maize sectors. Through the initiative, the government wishes to turn the farmers into true entrepreneurs. Through...
In 2019, Togo produced nearly 800,000 tons of phosphate (799,775 t), according to data gathered by the Central Bank of West African States (BCEAO). The volume, the apex lender said, is 21.5% lower compared to the 1.02 million tons produced the year before.
Though relatively stable over the past decade, the country’s phosphate output recorded some lows in the last five years;...
The government’s financial support to private teachers as schools remain closed (apart from examination classes) because of the Covid-19 pandemic has been extended to volunteer teachers.
According to a statement released on the presidency’s official portal, the volunteers benefit, since June 27, from a State subsidy to help them cope as the pandemic persists.
Overall, around...
The African continental free trade area (AfCFTA) could be operational in January 2021, the Ecofin agency reported quoting Wamkele Mene, secretary-general of the organization.
The AfCFTA should have been implemented earlier but was postponed, and even suspended, due to the coronavirus pandemic.
The next Assembly of African Heads of State - scheduled for January 2, 2021 - could be the...
So far, Togo is relatively spared by the Covid-19 pandemic, with little impact on the country’s agricultural output and food security. This was disclosed in a country note recently released by the general directorate of the French treasury.
The document highlights the steps taken by the Togolese government to rapidly contain the outbreak; the country's important grain reserves, as well...
Togo has extended its health emergency to August 16, 2020. President Faure Gnassingbé took a step in this framework, after receiving the green light of the Constitutional court to proceed.
At the date the decision took effect - July 3 - Togo had 233 active covid-19 cases, 424 recovered patients, and 14 deaths. This is against 32,267 tests. Let’s recall that the health emergency was...
On June 17, 2020, the government of Togo announced that it secured its second loan on the international market - €150 million. Given the coronavirus crisis, this was a true gamble that has paid off.
For this operation guaranteed by the African Trade Insurance Agency (ATI-ACA), investors mitigated associated risk by setting a low-interest rate, 4.5%. The move reflects a shift from...
The Togolese ministry of trade and the International Federation of Consular Chambers for Africa (FICA) are seeking 100 Togolese SMEs and SMIs that will enter the Asian market.
From June 30, the deadline to apply to the program was pushed to July 31 to allow as many firms as possible to submit their applications since only 30 businesses were registered at the time the initial deadline was...
Lomé-based banking group Ecobank recently rolled out its “Zero Malaria Business Leadership” initiative. The program, launched with the collaboration of Speak Up Africa and the Partenariat RBM, aims, as its name suggests, at eradicating malaria.
The program implemented in 30 African countries will push decision-makers to increase financing and take stronger and better-targeted actions...
In the past 10 days, 74 new Covid-19 cases were recorded. This is almost twice the number (39) recorded 10 days before, according to the head of the national team coordinating the response against the pandemic, the CNGR.
The rapid increase is due to travelers’ movements and the existence of outbreak foci, such as a company located in the Lomé duty-free zone where about 20 cases...
In Togo, the University of Lomé (U.L) will begin human trials for local drugs made to fight the covid-19 virus on September 1, 2020.
The news, which was relayed in a tweet by Le Temple du Savoir comes after the university proceeded to “in-vitro and in-vivo trials on animals.”
The move to human trials is a significant milestone in the university’s commitment to driving out the...
The BSIC bank launched a call for projects to support SME-SMIs and micro-enterprises in making equipment or tools to fight the coronavirus.
The call targets young entrepreneurs operating in any of the 14 countries - Togo included - where the bank is established. In each country, two selected projects will be financed with €35,000 (+XOF22,000,000) per project.
Thus, the...