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Next Friday, the Togolese treasury will try to raise CFA80 billion on the UMOA-securities market. Proceeds will be used to meet Lomé’s financing needs under its 2021 budget.
In detail, the country will proceed to a simultaneous issue of fungible Treasury bonds which will mature respectively over 36, 60, and 84 months. These three categories of bonds come at annual interest rates of...
In 2018 and 2019, Togo’s fish output exceeded 37,000 tons (37,102 tons), according to data from the Fishery and Aquaculture Directorate (DPA) relayed by the official portal of the Togolese Republic.
Most of the production came from the fish port of Lomé. In 2018, the infrastructure produced 95% (17,260 t) of the total output the DPA reported that year. The following year, it produced...
“We noticed that some ill-intended individuals have been forging documents issued by the National Social Security Fund (CNSS), notably the social discharge,” declared Ingrid Awade, head of the Fund.
The document is issued by the CNSS to employers who regularly pay their social contribution. It enables them to proceed to administrative formalities, especially when they wish to take...
Last Monday, a workshop was held in Lomé to train agricultural experts from the member States of the African Organization for Intellectual Property. The focus of the workshop was new plant varieties and it aimed to boost agricultural yield and production.
Themed Technical Assessment for the Distinction, Homogeneity, and Stability of new plant varieties, the meeting is to last five days....
In 2019, agricultural exports from Togo generated CFA110.7 billion, up 9.4% against 101.2 billion in 2018. The figure was reported by the Central Bank of West African States (BCEAO).
The apex bank, assessing Togo’s balance of payments in 2019, further indicated that 62% of the exports were traditional cash crops, knowingly Cotton (51.7%), Cocoa (5.37%), and Coffee (4.63%), while 36.9%...
Two years after its last update, the motor vehicle tax has been amended again. The move aligns with Togo’s new finance law and it will introduce new tariffs for certain types of vehicles.
The news was disclosed on January 18 by the Togolese Revenue Office (OTR). According to the latter, the tax measure concerns tricycles, trucks, vans, road tractors, as well as some bikes, especially...
Last Saturday, Lomé hosted the launching ceremony for its campaign to officially take part in the 2020 Dubai World Expo to be held in the Gulf country from October 1, 2021, to March 31, 22.
The ceremony, organized by the Togolese Ministry of trade and promotion of local consumption, was attended by business owners and representatives of the nation’s employers’ association.
On...
In Togo, the ministry of trade and local consumption urged businesses that import fabrics and printed clothes in Togo to get the certification necessary to continue this activity.
Indeed, in a recent statement, the ministry recalled the decree issued on June 20, 2020, that imposes the prerequisite to businesses importing the products concerned. This is in a context where it was found that...
It will cost CFA719 million to supply power to Kara’s agricultural park and all six communities living on the site. The announcement was made by Agence Togolaise d’Électrification et des Énergies Renouvelables (AT2ER), in a statement revealing the winner of the contract for electrification works.
According to the statement issued on January 12, 2021, e-HUB - a Togolese firm- will...
From 340,000 tons in 2018, Togo’s mango production increased to 370,000 tons in 2019. The 8.8% rise was reported by the Official Portal of the Togolese Republic.
Over the period, yield per hectare grew from 3.7 to 4.5 tons. In Togo, the mango fruit is grown over a little more than 1,500 hectares in total, with the most cultivated varieties being the Kent, Palmer, Eldon, and...
To fast-track the deployment of fiber optics across the country, the Togolese government adopted a new decree imposing all persons and firms undertaking construction projects to systematically deploy the fiber, at their own cost.
Togo First was informed of the reform last Thursday, by the minister of the digital economy and digital transformation, Cina Lawson.
Specifically, the decree...
The Covid-19 vaccine should be available in Togo between May and June. This was announced by the Togolese minister of foreign affairs, Prof. Robert Dussey, in an interview with Israeli TV channel i24news.
While the situation in West Africa is already “under control”, Dussey insisted that the vaccine would help the Togolese population live normally. He supported the Covax initiative to...
Yesterday, the workshop to validate the national strategy to promote local consumption in Togo came to an end. The two-day meeting was organized by the Ministry of Trade, Industry, and Local Consumption.
The strategy, ordered by the ministry, was elaborated with support (technical and financial) from the European Union (EU). It focuses on boosting investments in key sectors (like...
Nigerian power developer, Daystar Power, plans to start operating in the Togolese, Senegalese, and Ivorian markets. This is after raising $38 million with the help of the Investment Fund for Developing Countries (IFU), a Danish bank, and Morgan Stanley Investment Management.
The Nigerian firm, in effect, wants to expand access to solar power in West Africa, to 100 MW from its current...
Between 2015 and 2019, nearly CFA2,200 billion were transferred via Flooz and T-Money. The figure was reported by Togo’s minister of the digital economy and digital transformation, Cina Lawson, in a note addressed to the head of the PDP-NET (a parliamentary group) and deputy, Gerry Taama.
In detail, Moov’s mobile money platform, Flooz, is the most used in Togo with transfers exceeding...
Though it is dealing with multiple issues related to the quality of its services, Togocom’s T-Money mobile money platform recorded an “exceptional growth” last year. At the end of November 2020, transactions via the platform amounted to CFA518 billion, said Cina Lawson, minister of the digital economy and digital transformation, in a recent message to deputy Gerry Taama who heads the...