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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...
The West African Economic and Monetary Union (WAEMU) will release approximately $100 million (XOF50 billion) for Burkina Faso, Mali and Niger to better fight terrorism.
This was disclosed yesterday by Abdallah Boureima, Chairman of the WAEMU Commission. This was just after the 22nd extraordinary session of the Conference of Heads of WAEMU States.
The funds are part of a larger amount...
In 2019-2020, the European Union (EU) will grant €33 million (about XOF21.6 billion) to Togo's public treasury.
From this amount, €17 million should be disbursed for 2019. Overall, the grant will support the government in implementing reforms relative to the management of public finances, decentralization strategy, business climate's improvement, and the national...
The International Association of Treasury Services is holding its 13th annual conference in Lomé at the moment.
The focus of this meeting is the control of accounting risks. The reason for this topic is that "no matter the country, level of growth or the level of implementation of reforms, our financial administrations are usually exposed to many risks, whose nature, probability of...
The gross enrolment rate in Togolese primary schools was 126.8% last year. According to the government which disclosed the figure, this is far above the rate recorded in 2008 - 98% - but still below the 150% peak in 2015-2017.
The increase over the past decade was driven by more children getting enrolled in pre-school (150,000 in 2018 against about 86,000 in 2013). Enrolment levels in...
Lomé is hosting this week, the 55th session of the International Tropical Timber Council (ITTC).
The council will be discussing ways to boost and diversify global sales of tropical timber.
Togo on this occasion plans to ask for more funds to be spent on boosting natural resource management, forest management, and supervision of populations. In effect, the West African country will...
This year, Togo has implemented 71% of WAEMU reforms, policies, schemes, and projects. According to the fifth annual review of the WAEMU, this performance is 7% better than last year's.
The goal of the review is to improve the quality and rate of implementation of the aforementioned reforms. Moreover, it aims at fostering the integration of community laws and directives in the national...
The United Nations System wants to establish partnerships with travel agencies in Togo.
To this end, the United Nations Population Fund (UNFPA) launched a tender for firms interested in providing their services to the UN bodies in the country. Tender specifications can be consulted or obtained, freely, at the UNFPA office, or online.
Candidates must submit their bids, sealed, latest...
Last Thursday, Koosmik-Togo officially launched its App, in Lomé. This is a few months only after the fintech startup raised funds for this purpose.
With the app, Koosmik wants to help 70% of unbanked Togolese people to make money transfers, pay bills, etc.
"Usually, if you want to send money to a relative or a friend, you will need to deposit cash in their account. If you have...
A group of Japanese firms have been in Lomé since the beginning of this week. Their mission is to explore partnership opportunities with Togo.
Togolese authorities for their part intend to build new partnerships on projects falling under the 2018-2022 national development plan.
The Japanese delegation will during its stay visit coffee and cocoa plantations, as well the power stations of the...
Two new bridges built across the Kara and Koumongou Rivers were commissioned yesterday. With respective lengths of 120m and 160m, these infrastructures connect the localities of Sokodé, Bassar, Katchamba and Sadori to the N°17 national road.
The bridges were financed by the Japanese government (XOF16 billion) and took 30 months to be built. They were officially inaugurated by President Faure...