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The High Authority for the Prevention and Fight against Corruption and Related Offenses (Haplucia) launched a call for proposals to recruit three consultants to draw the national strategy to prevent and fight corruption and related offenses.
The document will improve the visibility of the Haplucia which struggles to efficiently tackle corruption in Togo.
It should be recalled that...
In Togo, outstanding loans granted by microfinance institutions in H1 2020 grew by 5.3%. This was revealed in the BCEAO’s latest analysis on the economic situation of the West African Economic and Monetary Union (WAEMU).
The performance, which is slightly higher than that recorded in H1 2019 (5.1%), makes Togo the fourth economic driver in the WAEMU. It comes behind Ivory Coast...
An eco-tourism site will soon be built in Akébou, a prefecture located in the Plateaux region.
Experts from the ministry of tourism met last Tuesday to discuss the project. The related meeting was opened by the minister of tourism, Kossi Gbenyo Lamadokou.
According to Dr. Adata Kossi who is in charge of the economic and financial assessment of the project, the latter “will involve...
The Togolese economy is expected to expand by 3% in 2021. The forecast was disclosed in the World Bank’s latest Global Economic Outlook report published this month.
With the projection, the Bretton Woods institution consolidates perspectives for a rebound this year. However, the figure announced by the Bank is lower than the 4.7% growth rate Lomé hopes for, “provided that the pandemic...
As of Dec. 31, 2020, the sum of loans granted by the National Fund for Inclusive Finance (FNFI) had exceeded CFA98 billion, according to recently released statistics.
In the months closing the year 2020, the institution had provided more than CFA11 billion via its partnering microfinance institutions.
Let’s recall that in 2019, loans provided by the FNFI amounted to CFA87 billion,...
Between 2017 and 2019, Togo’s pineapple output grew by 11.6%, from 27,000 tons to 30,149 tons. The sector, which employs more than 3,200 producers, generated over CFA6 billion per year over the period reviewed. Out of this sum, the State got more than CFA200 million.
The pineapple industry, mainly oriented towards processing and export, produces more than one million liters of pineapple...
Besides the Covax initiative to ease access to the novel coronavirus vaccine, Togo is seeking other ways to acquire it - notably through a partnership with the U.S firm Pfizer BioNTech. This was disclosed by the national team coordinating the response to the pandemic (CNGR), last Wednesday.
“We will have doses well before the arrival of covax vaccines in June,” said Col. Djibril...
The government will carry out a mixed control and audit of school fees management in all junior and senior high schools in Togo. The news was disclosed by the ministry of education, Dodzi Kokoroko.
The mission will be conducted by external experts and agents of the ministry of education. Also involved in the operation are the regional directorates for education and education inspections,...
For its first issue in 2021, Togo raised CFA27.5 billion (thus 2.5 billion more than the country was seeking) on the WAEMU securities regional market. The sum, secured by issuing fungible treasury bills, will finance the public treasury.
The issue which closed last week, Jan 8, was oversubscribed by WAEMU investors. They generated more than CFA39 billion - a performance that represents a...
Last Wednesday, while meeting with the press, the Togolese Revenue Authority (OTR) disclosed the major tax innovations of the new finance act.
On the occasion, officials from the authority revealed that many changes have been made to the original draft bill. These include broadening the tax base and strengthening measures to control and tackle tax fraud and evasion, reducing the tax...
In Togo, the extension of credit granted to companies and individuals since April 1, 2020, due to the health crisis induced by the Covid-19, amounts to more than 18 billion FCFA.
Let’s recall that, as of September 30th, the Central Bank of West African States (Bceao) instructed credit institutions to grant, without any interest charge or late penalty, three months extension of maturities to...
Kako Nubukpo, the Togolese economist, has been recently appointed economic advisor of the president of the West African Economic and Monetary Union’s economic commission, Abdallah Boureima.
The former minister of planning, and now former dean of the faculty of economic science and management at the University of Lomé, announced on social networks, thus confirming growing rumors regarding his...
Togo recently adopted a national strategy for research and innovation covering the 2020-2030 decade.
The document was validated by the ministry of higher education and scientific research on December 22, during a two-day meeting which gathered researchers, central directors, as well as the country’s technical and financial partners.
Among others, the new strategy is aimed at tackling...
In Togo, a new labor code was unanimously adopted by the parliament on December 29, 2020.
The document, which contains 378 articles, replaces a text in use since 2006. Among others, it aims to “make clearer major regulations in this area (labor), while fostering more investments.”
The adoption of the new regulation embodies a need to achieve balance between the protection of...
Transport startup Gozem recently launched a package delivery and order management service called Gozem Shopping.
In a recent statement, the firm said the new service allows its customers to order goods, from an online catalogue, and be delivered with taxis.
The new service was launched a little after the Uber-like firm acquired in Delivroum, a meal delivery app operational in...
Interest rates of banks operating in Togo are extremely high, in contrast with easing measures introduced this year to support consumers amid the pandemic.
This was revealed by the Minister of Economy and Finance, Sani Yaya, during the last session of the National Credit Council (CNC), which was held on December 24, 2020.
Yaya observed that “interest rates on loans are still at relatively...