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Orabank recently invested XOF106 million in the installation of a transformation unit of paddy rice into white rice. The facility will be located in Kovié, about 30km from Lomé.
The pan-African bank, let's note is the first bank to support the agricultural financing incentive mechanism (MIFA) since it was launched.
The rice transformation project is led by Vabhekos, a firm...
Starting next year, individual projects will no longer be accepted for financing by the Culture support fund (FAC) in Togo. This was recently disclosed by the minister of culture, Kossivi Egbetonyo.
The goal of the measure is to push actors of the culture industry to work together and submit to the government, true creative projects for financing, to improve their living and working...
In Togo, the Association of Savings Cooperatives and Union (FUCEC-Togo) has released a new insurance product for actors of the informal sector.
Many people work in the informal sector and are not entitled to a retirement pension. That's why we want to really innovate and help all these people, especially women sellers, workers, students, youths. In the long run, this insurance will be...
To optimize bill payment, Togo's water utility (Togolaise des Eaux - TDE) is opting for prepaid meters, a source close to the business climate cell indicated.
The decision aims at allowing customers to quickly get access to water and personally monitor their consumption. It is part of a battery of reforms set to ease bill payment and quotations. These include adopting mobile money (Tmoney...
Nearly 100,000 actors operating in the road transports sector must be trained and professionalized, data from professional associations and syndicates reveals.
In detail, this includes more than 95,000 drivers transporting people and goods, nearly 1,000 recognized intermediaries, about 2,600 owners of transport firms or entities, and 60 driving schools officially accredited by the...
Kara Agropole Project : Various key actors are being trained to help boost the capacities of farmers
A training workshop was started on Monday in Kara, in line with the launch of an agricultural hub in the region.
The workshop is part of various activities initiated under a field visit of the Saemaul Foundation. It concerns agricultural advisors of ICAT, community leaders and Saemaul's staff.
After the training, these actors will, in turn, help boost the capacities of farmers and...
Cameroon wants to learn from Togo and Côte d'Ivoire to improve its ranking, relative to the business climate, on the next Doing Business report. The two countries the central African nation wishes to emulate were respectively first and second on this ranking in the Franc Zone.
Cameroon's decision was reported in a statement from the National Employers' Association - GICAM. The latter...
The United Nations System (UNS) signed yesterday with Togo a five-year cooperation agreement for the development of the West African economy.
Estimated at around XOF72 billion, actions planned under the new agreement target four key areas: youth and women employment and entrepreneurship, access to sustainable resources and decent living standards (for the population), equal access to basic...
Togo plans to organize next year, in partnership with South Africa, a business forum in the latter. The project was mentioned last week by President Gnassingbé, during a meeting with his South African counterpart, Cyril Ramaphosa, in Lomé.
"I hope that in the coming months, we can organize a business forum in South Africa to present investors the opportunities available in our...
Despite its moderate over-indebtedness profile, Togo is the country with the lowest external debt ratio in the Umoa, according to a BCEAO study published last week.
While overall public debt is struggling to fall below the EU's 70% mark, its external debt represents only 19.2% of GDP, down two basis points from a year earlier.
Togo is the least exposed to exchange risk in West Africa since its...
From now till December 31, 2019, the Togolese Revenue Office (OTR) is offering a 40% discount on clearance of cars and undelivered goods. Economic actors, accredited customs agents, consignees, importers, and exporters may benefit from the measure.
The latter, let's note aims to boost the clearance of concerned goods, as part of a scheme launched last year by the OTR, and ended last...
Togo's water utility, Togolaise des Eaux (TDE) is in talks with various banks to adopt online payment of bills and quotes. This was disclosed by sources close to the Business Climate Cell.
Once effective, the utility will be the third public company, after the Revenue Office (OTR) and the National Social Security Fund (CNSS), to adopt e-payment.
Let it be recalled that a few months ago,...
The Togolese government has decided to establish a national order of engineers. It will serve as a bridge between these professionals and public policies.
The related draft bill was adopted yesterday, during a ministers' council held the same day.
The national order of engineers will make sure that engineers working in the country meet quality standards and ethics imposed in the...
Ahead of its 60th anniversary next Dec. 12, the National Aviation Security Agency (ASECNA) has inaugurated three technical facilities to improve its operations.
The facilities include a regional centre for air traffic (CCR), a weather observation station, a fire station. Also, in the framework of its anniversary, the agency is organizing open houses, started last Wednesday and closing...
The Kekeli Efficient Power thermal plan, located in Lomé, should be operational by the end of 2020.
In detail, the first operational phase was launched last June. Upon its completion, expected in Q3 2020, the plant should have a production capacity of 47 MW using a gas turbine. In the second stage (scheduled for Q3 2021), a steam turbine with a capacity of 18MW will be added. This...
All banks operating in Togo should soon each have their tax and customs e-payment platforms. It was disclosed by the Togolese Revenue Office (OTR) on December 4, 2019, after a meeting gathering all heads of the lenders.
Through the move, the OTR and its partners will ease the online payment of taxes by medium and large companies.
Let's recall that the reform has already been implemented...