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Lomé intends to promote at least 4,000 artisanal businesses by 2025.
According to official sources, this aims at enhancing the contribution of craftsmen to the industrial development of the Togolese economy.
In the same framework, sources close to the ministry of craftsmanship say artisans will be more involved in public contracts with 15% of procurements related to the sector...
From 3.95% in 2010, Togo’s agricultural growth rate rose to 5.63% in 2018, according to recent reports from the parent ministry. A peak of 14.32% was recorded in 2014, thus corresponding to an average growth of 6% per year over the period reviewed (2010-2018).
This performance was translated to an agricultural GDP (at current price) of XOF1,357.4 billion in 2019. This is almost twice the...
In the next five years to come, Togo will invest as much in road infrastructures as it did over the past decade - nearly XOF1,000 billion.
Key projects that will capture the investments include building the Lomé-Cinkassé highway and modernizing the Avépozo-Aneho axis. The preservation of Togolese coasts is also a priority for the government.
The construction of a multipurpose...
From 2010 to 2019, the government’s investments in agriculture surged from XOF25.99 billion to XOF50.79 billion.
This helped boost the wealth created by the sector from XOF644 billion to more than XOF1,350 billion.
Regarding food security, the coverage rate of food needs stood at 137% (2019), for plant-based foods, and 60% for meat products. Also, the country was able to prevent...
Over the past decade, a total of XOF300 billion has been invested in port infrastructures. This money was used to modernize the infrastructures such as the port of Lomé which is now the first container port in West Africa. Also, a fishing port was built in Gbétsogbé with financing from the Japanese cooperation. This project aimed at boosting the contribution of fishing to the Togolese...
From 7% in 2016, the internet's penetration rate in Togo has tripled to reach 21% in 2019 (with an average growth rate of 7.8% per annum over the period), corresponding to 1.71 million users.
The data comes from recent reports released by Hootsuite and WeAreSocial. The documents highlight a significant increase between 2018 and 2019 (from 12% to 21%). The improvement was driven by better...
Togolese authorities recently received equipment for protection against the coronavirus (COVID-19) outbreak which emerged in China some weeks ago and spread to other parts of the world.
The equipment was provided by the World Health Organization (WHO) which considers Togo as a level 2 priority (on a scale of 3) nation regarding risk of exposure to the virus.
The equipment will...
Last week, the National Agency for Sanitation and Public Hygiene (ANASAP) launched in Lomé a project to clean the beach.
It is part of the West Africa Coastal Areas Management Program (WACA ResIP), backed by the World Bank, which focuses on tackling coastal erosion, flooding and pollution of West African coasts.
ANASAP’s initiative is estimated to cost about XOF168 million (of...
Togo’s UNDP office executed 97% of its action plan for 2019. This was disclosed by Aliou Dia, resident-representative of this body in the country, at the first Coffee Time for 2020.
“We must work together, for our actions in the country to be more catalytic and to ensure that they have a sustainable impact on the lives of the most vulnerable people,” he declared while urging his...
Insurer NSIA has teamed up with the Togolese Post Company (SPT) to offer insurance products. This was disclosed by the SPT yesterday, February 17.
From now on, clients or potential clients of NSIA Insurance can subscribe to the following insurances at a post office: Travel insurance, NSIA Auto and NSIA Dagbe.
This is good news for the post office which recently entered a similar...
Initially set to expire this month (February 29), the Cotonou partnership agreement will finally expire in December 2020.
The decision to extend the expiry date of the ACP-EU agreement was reached last Friday. It was the conclusion of the first session of talks between the two chief negotiators of the two parties concerned, Robert Dussey (who is also Togo’s minister of foreign affairs)...
Nearly XOF1000 billion was spent to improve roads in Togo in the recent years, official sources revealed.
The main infrastructures that captured the investment are the national road N°1 , major crossroads and bridges
In detail, more than 430 km of roads along the RN N°1 axis were rehabilitated or built. The segments concerned include Lomé – Davié, Atakpamé –Blitta –Aouda,...
The Togolese firm specialized in factoring and leasing has launched an application to boost mobile payment in the country.
Named African Lease Mobile Pay, this platform will help users pay their contributions to the national social security fund (CNSS), in addition to easing the payment of taxes and duties to the Tax Revenue Office (Office Togolais des Recettes - OTR).
The new app...
As the presidential campaign goes on, President Faure Gnassingbé makes one big commitment after the other.
Last Friday, the leader was in Agbelouvé, a village situated between Notsè and Tsevié (Zio prefecture), where he announced a battery of reforms that will profit women.
If he is reelected, he says : “the Caesarean section which was covered at 98% will be completely...
The national project for the promotion of rural entrepreneurship (PNER) was extended for one more year, while it was supposed to end last year December, 30th. The decision was taken by the International Fund for Agricultural Development (IFAD), partner on the initiative, which said the extension should consolidate its achievements.
So far, the PNER has financed around 160 entrepreneurs...
Despite concerns expressed by big financial institutions regarding risks associated with the coming Togolese presidential elections on February 22, the trust of West African investors in the country does not falter.
Indeed, last Friday, for its third security issuance (fungible Treasury bonds) on the UMOA-Titres market, Togo raised nearly XOF53 billion, while seeking only XOF25...