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So far, the African Development Bank (AfDB) has committed around CFA265 billion in Togo. The figure was disclosed by the resident representative of the Bank, George Bohoussou, whose three-year term in the country has come to an end.
“The current portfolio, in terms of commitment, between the AfDB and Togo, is about 265 billion FCFA (...) and we expect it to increase because there are projects...
Ecobank will financially back young entrepreneurs in Togo, providing CFA150 million.
The financing will be provided in accord with a partnership agreement signed between the lender and the Togolese Ministry of grassroots development, youth, and youth employment. The convention was signed on January 28, 2021.
“This agreement will lay the foundation for collaboration between Ecobank...
Togo is the second-best country regarding response to the Covid-19 pandemic in Africa and the 15th worldwide.
This is the conclusion of a global survey conducted by Lowy institute, a Think tank that looked into the issue. The study covered 98 countries for which data was available; for over 36 weeks that followed every country’s 100th confirmed Covid-19 case.
The performance...
The Autonomous District of Greater Lomé (DAGL) is boosting the capacities of its agents in public management. Around 20 of them are participating in a training workshop on the program budget and the multi-year programming of revenues and expenditures held this week in Kpalimé.
According to the DAGL, this workshop, which will be followed by more, "aims to modernize the DAGL’s operations" as...
The companies in charge of maintenance and construction work under the Rural Road Support Program (PAPR) and the Annual Mechanized Maintenance Program for Rural Roads (PAEMePR) are behind schedule.
According to the minister of rural roads, Kanfitine Tchede Issa, who called the firms “black sheep,” the two projects concerned should have been completed respectively in 12-14 months and...
Anyone in Togo involved in a business, financial, or any other transaction must identify their business partner or partners. Failure to do so is sanctionable by a fine amounting to 50% of the transaction’s value. The penalty is set by the 2021 Tax Procedure Book.
When the beneficiary of a shady transaction is not identified, parties involved will equally share the payment of the tax associated...
To reward good taxpayers, the Togolese Tax Authority (OTR) decided to issue them tax discharge certificates valid for a year. The documents enable responsible taxpayers to easily complete specific formalities, concerning submission to tenders for example.
Other taxpayers, those less disciplined, will receive by default a tax regularity certificate, valid for three months. They will thus...
On Jan 26-27, major actors of the Togolese pineapple sector gathered to discuss the elaboration of a five-year strategic action plan to revitalize the industry and foster synergy among its various players.
The document is a new step towards integrated structuring of the sector which has, since 2019, many corporatist organizations. According to Kpindelesi Zangaba, chairman of the...
For the 2021-2022 agricultural season, the Ministry of Agriculture and Livestock plans to build 80 new planned agricultural development zones (ZAAP) across the five regions of the country. These will add to the already existing 38.
On the table for several years, this project aligns with the country’s five-year roadmap (going to 2025) and its ambitions to boost agricultural production....
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...