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In addition to its last two successful issues, Togo will attempt to raise another CFA80 billion on the WAEMU-securities market this quarter. The related schedule was published on Jan. 26 by the agency.
The amount should be raised through four issues (with equal targets) spreading in February and March. It will be used to cover the country’s budgetary needs. Securities issued will mature...
The West African Development Bank’s (BOAD) first sustainable development bond issue on the international market was successful. Last week, the Bank issued a statement announcing the news.
According to the latter, the operation “recorded a huge success for international investors.” In detail, around 260 asset managers, banks, insurers, and various pension funds from the UK, US,...
KeyOps Tech, a startup specializing in digital tracking of transport and parcel delivery, will launch its services in Togo in February. The move aligns with the firm’s ambition to expand across the region.
The Abidjan-based startup said it delivered and tracked around 500,000 parcels with its KOTscan solution, since the beginning of this year.
KeyOps works in partnership with...
Global Trade Corporation (GTC), headed by Togolese business mogul Ghislain Awaga, is disbursing CFA3 billion to create an agro-food chain in Notsé (96 km from Lomé). This adds to another project launched by the mogul to build 1,000 housing units in the country,
The project, launched last week, involves creating a chain of production, transformation, and distribution of agricultural and...
This year, the transhumance campaign in Togo will start on January 31, and run till May 31, 2021.
This was disclosed by the ministry of livestock, in a press release. The ministry urged the various actors operating in the sector (“presidents of the prefectural transhumance committees, prefectural transhumance officials, farmers, NGOs and all partners”) to do what is necessary for the...
Togo raised CFA88 billion on the WAEMU-securities market, through its latest operation on the platform - a simultaneous issue of fungible treasury bonds. This is the amount retained for the triple issue in which Lomé initially expected to mobilize 80 billion from regional investors.
Overall, a note from the WAEMU-securities indicates, subscriptions to the issue amounted to 201 billion CFA (252%...
To run the Adétikopé industrial platform (PIA), Togo will learn from Gabon’s experience in this area.
Over the past two weeks, Idiola Sandah, general manager of the platform was in Gabon for a professional immersion visit at the administrative authority overseeing the Nkok privileged economic zone (ZERP). This is an industrial site located around 30 km east of Libreville.
During...
The Covid-19 vaccine is not yet available in Togo, let alone already being distributed. The confirmation debunking various rumors and fake-news circulating on social networks, causing the people to fear and panic, came from a statement issued by the ministry of health.
The ministry however noted that like many other countries, Togo “is getting ready to introduce the vaccine in the coming...
Togo’s post and telecommunication regulatory organ (ARCEP) has announced a number of measures regarding tariffs of communication and telecom services in the country. The measures aim to put some order in the sector and ensure transparency to favor consumers.
In a press release dated Friday, January 22, 2021, the body recalls “the principles of fair and reasonable pricing” which must...
For the coming 2021-2022 agricultural campaign, Togo seeks to set aside 80,000 tons of fertilizers for farmers. This was disclosed last week by the Centrale d’Approvisionnement et de Gestion des Intrants Agricoles (CAGIA).
“We have been instructed to inform the various agricultural actors about the need to have sales points in every canton. We have the obligation to store the stocks by...
African Lease, établissement financier spécialisé dans le crédit-bail, lance une solution de paiement mobile à destination des particuliers.
Il s’agit d’une application mobile baptisée Alease pay et disponible pour iOS et Android. Cette solution utilisable uniquement en prépayé ne nécessite pas de compte bancaire, ont indiqué les responsables de la...
On Wednesday, the UMOA-securities agency launched the 3rd edition of its public securities markets meetup (REMTP 2021).
Due to the pandemic, the three-day event is happening online via Zoom and on the agency’s YouTube account. The chosen theme for the 2021 edition is “Collective management and institutional investors: two levers to raise funds and boost the resilience of the public...
From now on, advertisements on digital platforms will be subject to the value-added tax (VAT) in Togo.
The reform is one of the innovations of the 2021 finance bill. It aligns with the public authorities’ ambition to broaden the tax base. The authorities wish to boost the State’s tax collection capacity, in a context where the current capacity is insufficient to meet public...
Over the past decade, the National Agency Supporting Grassroots Development (ANADEB) spent more than CFA100 billion in projects to reduce poverty and improve lives in Togo.
The institution, set up in 2011 by the government, focused mainly on micro-projects involving the construction of community infrastructure and support to local businesses.
Since its creation, the ANADEB...
In 2019, Togo’s mining exports slumped by 8.2%, from nearly CFA100 billion in 2018 to nearly CFA92 billion. The figures were revealed by the Central Bank of West African States (BCEAO).
In detail, clinker exports in 2019 made up 60% of the country’s mining exports that year. They generated CFA53.8 billion, up 1% compared to 2018. Benin, Ghana, and Burkina Faso were the main...
In line with the 2021 finance bill, Togolese craftsmen and micro-entrepreneurs operating in the informal sector will pay only CFA20,000 for the single professional tax (TPU), under the declarative region. The tax which cost 300,000 in 2020 was cut by 93% for the current year.
According to the Togolese Revenue Office, the reduction aims at aligning this tax with the minimum amount the...