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The International Monetary Fund (IMF) has recently approved the disbursement of $34.6 million for Togo, as it deemed the country's "performance under the ECF-supported program has been broadly satisfactory".
With this, overall disbursements from the institution for the country is around $207.8 million, over an amount of $242.4 million agreed under a three-year arrangement.
"This...
In the latest Doing Business report, Togo ranked 48th over 190 economies on the getting credit indicator. This is a significant leap from last year where it occupied the 144th place.
The report's authors hence confirm Togo's efforts in easing lending. They did so by assessing the coverage, extent, and accessibility of information of available credit, through the accreditated Credit Information...
In collaboration with the World Bank, the Central Bank of West African States (BCEAO) is organizing on October 30-31 an international fintech conference.
The conference will be held at the BCEAO headquarters in Dakar and regroup experts and heads of regional and international regulatory organs, knowingly the Bourse Régionale des Valeurs Mobilières (BRVM), the West African Development Bank...
Almost last in 2017, Togo is now the 56th country where registering property is the easiest in the world. The country's score on this indicated segment improved by 17.2 points to stand at 72, according to the latest doing business report.
Togo, on this indicator, is first in West Africa according to the report. It comes before Ghana (111th), Côte d'Ivoire (112th) and Benin (126th).
Authors of...
Over the past year, Togolese authorities have made dealing with construction permits easier. This led their ranking relating to this indicator of the Doing Business to rise from 133rd in 2019's report to 127th this year.
In parallel, the country's score improved from 61.79 to 64.1 points. The improvement is attributable to various reforms initiated since 2016 to ease the permits'...
Over the past year, Togo has made remarkable progress regarding reforms easing business creation.
Indeed, according to the 2020 Doing Business report, the country "made starting a business easier by abolishing the requirement to notarize company documents and by reducing the time to register a company."
From the 84th position in the 2019 Doing Business, Togo soared to the 15th place where...
In Q1 2019, the output of small scale mines active in the country was valued at XOF18 billion. The performance was driven by a gold output of XOF9.3 billion, gravel output of XOF3.2 billion, 2.2 billion for other stones used in construction, and 3.1 billion for sand.
The figures were released yesterday at a session to validate the report on contributions of artisanal and small scale mines...
Togolese authorities plan to set up a single desk for the exportation of soybeans at the Autonomous Port of Lomé (PAL). This is to ease and better monitor activities.
The project is among measures adopted between soybean producers, under the umbrella of the Soybeans Interprofessional Council (CIFS), and public policies.
The information was disclosed on the sidelines of the launch of the...
Lomé is currently hosting a four-day workshop on ways to tackle maritime piracy and criminality in Togo. The training session began yesterday, gathering around 20 legal experts (prosecutors, investigators, law enforcement agents) who will boost their capacities relative to maritime law.
Financed by the European Union, it is organized by the UN Office on Drugs and Crime (UNODC). It is part of a...
Yesterday, Togo's Prime Minister gathered his staff to better inform them about the 2018-2022 national development plan (PND 2018-2020). The plan involves three major axes which are important to know, he said. "The President wants us to create conditions that will foster the emergence of a viable and resilient society both in urban and rural areas."
The first strategic axis of the development...
Last Wednesday, Togo's parliament voted a law ensuring personal data protection. In effect, the law defines the legal and institutional framework to protect this type of information.
"To protect data, we must first have the means to collect them. This requires a regulatory and institutional framework able to identify our citizens in-depth, using biometrics if needed," the deputies declared. "In...
For the second year consecutively, Togo is ranked among the top 10 reformers of the world and the first in Africa, according to the latest Doing Business Report. Indeed the index which ranked 190 countries, based on ease of doing business, places the West African nation at the 97th position. This is a major leap (up 40 places) compared to the previous edition of the report even if that year the...
Faure Gnassingbé is currently in Sochi, Russia, for the first Russia-Africa summit. The two-day event focuses on peace, security and development issues mainly but also looks at economic cooperation between Africa and Russia.
The Togolese leader and his delegation will at the summit showcase Togo's economic potential and assets, to attract Russian investments for the 2018-2022 national...
Togo's minister of mines and energy, Marc Ably-Bidamon should be in Paris on October 24 for the One Planet Summit on climate change.
The summit's participants will reflect on ways to increase mixed financing for low carbon emission and clean energy projects. At the event, the Togolese minister will make a presentation on the "mobilization of financial markets to tackle climate change through...
The 15th general assembly of the Regional Universities Forum for Capacity in Agriculture (RUFORUM) which is scheduled for this year will take place in Cape Coast.
The organization launched a contest to allow young West African entrepreneurs active in the agricultural sector to take part.
Overall, 421 applications were received from 12 West African countries. About 10 of these applications were...
On October 23, 2019, the team steering the Youth Employment Support Project (PAIEJ-SP) validated a study establishing a basis to better assess the project's impact across the country. The study was conducted by the National Institute for Statistics, Economic and Demographic Studies (INSEED).
"This study provides (us) reliable reference data on all five sectors targeted by the PAIEJ-SJ," said...