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Over the 2014-2020 period, the European Union was Togo's largest grant provider. The EU disbursed more than €270 million for the country, in development programmes and projects. Such projects include the water supply projects, school infrastructures, markets, dispensaries, and peripheral care units. There are also other projects focused on gender equity and women empowerment, hygiene and...
Last year, Togo recorded a little less than 10 million transactions by bank cards, amounting to XOF570 billion. The figures were released this week, in the BCEAO's annual report on electronic banking in the West African Economic and Monetary Union (WAEMU).
According to the document, the reason for the importance of the transactions is a great number of ATMs (264) and e-payment terminals (511)...
Almost a quarter of the State's provisional budget for 2020 is dedicated to education. Indeed, the three ministries in charge of education and training concentrate 23.1% of this budget, up around XOF15 billion compared to 2019.
In detail, the ministry of primary, secondary and professional education captured about 123 billion (+10% against 2019). This represents 16.3% of the 2020 provisional...
To make its media and communications sector more professional, the government of Togo adopted yesterday a bill establishing a new press and communication code. This was during the ministers' council held the same day.
The new code should cover online media, integrate the concept of press company, instead of press organs, and set rules for the issuance, withdrawal, renewal, and suspension of the...
Investment spending should grow by 15.8% next year, against this year's forecast (where it slumped by 9.5% compared to 2018).
Compared to the supplementary budget issued this month, forecast difference has been reduced to 1.5%.
The government plans overall to spend XOF329 billion on key projects aimed at fostering private investment (which let's emphasize are a major component of its national...
Adding up the recent facility of $131 million approved by the World Bank, the institution has disbursed so far $587 million for African Centres of Excellence.
According to Deborah Wetzel, World Bank’s Chief for Regional Integration in Africa, Middle East and North Africa, "the African Centres of Excellence are a major programme that helps African universities offer quality training...
The World Bank will disburse an additional $131 million for Togo, Benin, Gambia, Niger, and Nigeria to improve the quality of their higher education and accelerate economic growth.
The facility was approved in the framework of the second project for African Centers of Excellence in the aforementioned countries. The funds will be provided through the International Development Association...
Amea Togo Solar will build a 50MW solar plant in Blitta (271km north of Lomé).
The related concession agreement was signed on November 26, 2019, by the firm and the government. Their respective representatives were Alnowais Hussain Jasim and Dèdèriwè Ably Bidamon, minister of energy.
Under the deal, the State grants Amea Togo Solar all rights to design, finance, build, launch, operate and...
Over the past three quarters, the State's non-tax earnings amounted to XOF46.64 billion, against an expectation of XOF80.4 billion for the whole year.
Year-on-year, this represents a 4.18% increase and 58.01% of the expected amount for 2019.
The growth was driven by administrative fees which stood at 3.28 billion (+30.37% year-on-year and 67.78% of the expected amount), business and estate...
Paulin Alazard is the new chief of Togocom. The Franco-Malagasy officially replaced Atcha-Dedji Affoh on November 25, 2019. On this occasion, Alazard said his actions would help make the holding one of the most important of the region.
Before assuming his new position, Alazard was deputy managing director and financial director of Telma Madagascar. He also previously worked at Celtel, Airtel,...
The Togolese Revenue Office (OTR) is currently holding a workshop on online payment for Large and Medium Entreprises. Started yesterday, it should close tomorrow.
The workshop aims at enabling its participants to "better apprehend e-payment's various processes."
It follows the implementation of a new reform enforcing the online payment of taxes and duties, on October 15, 2019. The reform is...
On November 28 and 29, Lomé will host the HCTE-Réussite Diaspora forum. The event which is organized by the ministry of foreign affairs aims at strengthening relations between Togo and its diaspora (about 1.5 million Togolese living outside the country).
At this occasion, all 77 recently elected delegates of the High Council of the Togolese Diaspora (HTCE) will be officially inaugurated....
Over the past three quarters, Lomé's airport generated for the State XOF3.54 billion of royalties.
This figure is 168% more than the amount expected by the government under its 2019 finance law (2.1 billion). It is also far above the XOF670 million collected last year over the same year.
In detail, the AIGE paid 1.19 billion in the first two quarters, and 2.35 billion in the third.
Let's...
In Togo, many power facilities will be rehabilitated and reinforced through the power reform and investment project (PRISET).
The works have been divided into two contracts. The first was attributed to STEG INTERNATIONAL SERVICES from Tunisia and the second to ABB TECHNOLOGY from Côte d'Ivoire. Works to be carried out by the Ivorian should cost around XOF1.7 billion, according to the award...
Applications to the Sustainable Energy Young Enterprises (JEDD in French) are now open. Eligible to apply are young entrepreneurs who operate in the power sector and have been active for at least two years in any French-speaking sub-Saharan African countries. They have until December 31, 2019, to submit their applications.
The contest is organized by the Francophonie's Institute for Sustainable...
Following a tender, Entreprise de Moderne de Technologie (EMT) has been hired to construct boreholes in Kara's agropole area. Ari Edem Akouvi, the new MD of the agency for the promotion and development of agropoles in Togo (Aprodat), made the announcement last week. However the process for the provision of the related contract is still ongoing.
EMT thus has to build by March 2020 twenty new...