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Over the past decade (from 2008 to 2018), Togo’s share of exports in the West African Economic and Monetary Union (WAEMU) slumped by 5% average per year. From 5.6% in 2008, the figure fell to 3.3% at end-2018, its lowest since the 2008 global financial crisis.
Despite the fall, compared to other WAEMU States, Togolese exports have actually risen slightly over the period reviewed.
It should...
For the Carrier Hotel which is to be built in Lomé, the government of Togo has decided to trust the position of prime contractor to APL, a French firm with a 30-year experience in the establishment of data centers.
Under the contract, the company will be the prime contractor while the construction will be carried out by a local firm, BTP Centro. CFAO Technologies & Energy will handle the...
To date, only 10 African countries have taken effective steps to accelerate the operationalization of the Open Sky Continental project. This is in a context where Africa’s aviation industry remains one of the least performant worldwide, mainly as a result of a protectionist trend recorded across the continent.
To boost African aviation, last year, Togo’s President, Faure Gnassingbé, took...
Togo’s Revenue Office seeks a firm that will build it an App to assess the state of used vehicles arriving in the country. An international tender was launched in this regard.
In effect, the hired firm will conduct conceptual study for the App, its development and project, as well as skills transfer subsequently.
Interested companies can apply either individually or in groups. Closing date...
On September 2, Togo’s public procurements regulatory organ started in Lomé workshops to equip young Togolese entrepreneurs regarding the government’s measure of setting aside 25% of public procurements for them.
This is measure aiming to allow more young men and women to have access to public procurements while also bolstering their entrepreneurial spirit. This is in a context where...
Togo’s Revenue Office (OTR) recently informed decentralization actors and local elects about available fund mobilization instruments for their activities. This was last Saturday, at the Decentralization Night organized by NGO IJD in Lomé.
There are two main tax tools serving these parties. There are namely the housing tax and the TPU. While the first is fully repaid to local communities, 90%...
Within the West African and Monetary Union (WAEMU), Togo and Senegal have the most diversified exports. This was disclosed by the West African States Central Bank (BCEAO), in its latest report on external trade.
On the other end, the country with the least diversified exports is Guinea Bissau. Cashew dominates (95%) the country’s exports.
Concerning Togo, its main exports are phosphate,...
Togo Revenue Authority (OTR) plans to build a datacenter for an estimated XOF970 million. This facility will enable the institution in charge of mobilizing tax and customs revenue in Togo to store, process or distribute data remotely.
Planned under the Tax Governance Support Project (PAGFI), the construction of this datacenter will be conducted in two phases. The first, won by the Tunisian...
Koffi Edem Agbeko (pictured, right) won first award at the Logex Digital and Innovation Exhibition, held last month in Lomé. A prize that the young man from Atakpamé (161 km from Lomé) won with his solar bag prototype. The systems, capable of powering a 5-watt bulb, aims to provide students in non-electrified areas with access to light.
Projects that won the 2nd and 3rd awards are,...
Togo plans to install 240 km of high-voltage lines and 23 distribution substations in the coming years. The information was revealed during the 7th Tokyo International Conference on African Development (TICAD7) by Adjadi Shegun Bakary (pictured), Energy Advisor to the Togolese Head of State Faure Gnassingbé.
The project is expected to boost the electrification rate in the country, which...
Ecobank Transnational Incorporated (ETI), the Lomé-based pan-African banking group closes the first half this year with a net result of $164.75 million. Compared to the same period last year when the net result was $168.54 million, this makes a 2% decline.
However, with regard to the fluctuations of the US dollar to XOF rate, this makes a slight increase to XOF95.66 billion from...
Togo intends to focus on cashew processing to boost the performances of this sector and related exports.
In this regard, last Wednesday, President Faure Gnassingbé discussed with top management of Japanese firm Export Trading Group to set up in Togo an industrial cashew processing plant.
According to credible sources, the Asian firm will help local authorities set up the infrastructure....
Will Japan help Togo grow its port potential? This may very well be the case considering conclusions of TICAD7.
Indeed, last Friday, after exiting a meeting with Togolese President, Faure Gnassingbé, Masahisa Sato, Japan’s minister of foreign affairs highlighted how important are Togo’s ambitions to become a port country, adding that Tokyo was ready to support the West African country in...
In Togo, the 161kV high tension line project is advancing well. Indeed, nine out 17 firms that applied to conduct the project were recently pre-qualified for its two components.
It must be noted that no local firm was among applicants to the project which covers the Dapaong-Mango area and should lead to the electrification of 43 rural communities. It also aims at sustaining power supply in...
The Ministry of Trade plans to implement measurement units of the International System (SI) in the framework of trade transactions in the country. A workshop was held last Thursday to validate the move.
At the moment, sales of agricultural, fishery and hunt products is done using unconventional measuring units such as bowls and heaps, which are not precise. As a result, both producers and...
Togo produced during the 2018-2019 agricultural season 886,630 metric tons of maize, making it the country’s first food crop.
According to the Office of Agricultural Statistics which disclosed the data, nearly a million and half people cultivate the crop.
In addition to being consumed by households (rural and urban), maize is also a major source of income. Indeed, it generates a net average...