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Philippe Kokou Tchodie, the general commissioner of Togo’s revenue office, was recently appointed as chairman of the African Tax Administration Forum (ATAF).
Appointed during the ATAF’s latest virtual general assembly, the Togolese will lead the organization for two years. He will head the representatives of the body’s offices in South Africa, Burundi, Kenya, Morocco, Mozambique, Rwanda,...
In line with its ambition to optimize the cassava value chain, the Nouvelle Société de Commercialisation des Produits Agroalimentaires (NSCPA) is setting up in Atakpamé (161.5 km from Lomé) a cassava processing plant.
For this project, the NSCPA was backed by the Projet d’Appui à l’Employabilité et à l’Insertion des Jeunes dans les Secteurs Porteurs (PAEIJ-SP or Program...
Last Thursday, the Higher Authority for the Prevention and Fight against Corruption and Related Offenses (HAPLUCIA) set up a committee to steer an upcoming national strategy to fight these crimes. This committee has 40 members.
The move aligns with the government’s desire to restructure the HAPLUCIA and fight corruption more efficiently.
Indeed, against expectations, the institution’s...
From now till December 24, 2020, Togo’s revenue office (OTR) is offering a 40% discount on clearance fee for vehicles and goods not yet delivered.
The move, which aligns with the OTR’s tax relief strategy, will help boost the clearance of the goods mentioned. This is a Christmas gift that should very much please businesses, importers, exporters, tax commissioners, and...
To help fight cybercrime, the European Union and Germany will provide €7 million to the ECOWAS States. The financing falls under a project backed by the German Cooperation Agency (GIZ) and Expertise France.
In effect, the funds will be used to reinforce information infrastructure, improve cybercrime laws - in line with regional, continental, and international standards, and train...
Togolese authorities plan to ensure the annual maintenance of over 9,800 km of rural roads in the country. In detail, every year 7,020 km will be maintained manually and 2,808km mechanically.
This was disclosed by the minister in charge of opening up rural areas, Issa-Tchédé Kanfitine, during a meeting with the various actors concerned by the project.
The latter, it should be...
On November 5, the Togolese parliament approved the country’s adhesion to the Asian Infrastructure Investment Bank (AIIB) and the Africa Finance Corporation (AFC).
Togo will leverage the two institutions’ support to “conceive, finance, and undertake infrastructure projects that will help our country grow,” declared Sani Yaya, Minister of Finance and Economy.
Founded by China, the...
In 2019, Togo’s formal banking penetration rate stood at 25.1%, against 26.6% the year before. This means the country was, for the second consecutive year, WAEMU’s best performer in terms of adults with an account in banks, post offices, national saving funds, or the treasury.
Last year, right after Togo were Benin (24.8%), Burkina Faso (23.2%), and Guinea Bissau (20.3%). At the far...
In the past four years, the Togolese insurance market recorded a 25% increase in generated revenues. From CFA48 billion in 2015, they rose to CFA60 billion (after standing at CFA58 billion two years before).
Considering that very few people are insured in Togo (20%-30% of the population according to the national insurance office), there is still much room for improvement in the...
Due to the resurgence of road accidents in the country, Togolese authorities plan to draw a national policy for road safety.
This was disclosed on November 4 by the Minister of road, air and railway transport, Affoh Atcha-Dedji, in a ministers’ council.
“The road safety policy will mainly integrate an approach focused on the following: management, infrastructure, vehicles...
In the Greater Lomé region, the main outbreak center of the pandemic in Togo, authorities will fight the virus in a more decentralized manner. According to the national coordination in charge of the Covid-19 response (CNGR), this will help deal with the pandemic swiftly and rapidly.
Starting from November 10, a deconcentration plan will be launched by deploying a rapid intervention team...
More than 75% of the funds disbursed by the Banque Ouest Africaine de Développement (BOAD) go into road projects, access to energy, and rural development.
According to Serge Ekué, the new president of the bank dedicated to the member states of the West African Economic and Monetary Union (WAEMU), this is due to the “importance of these sectors on economic growth and social...
The national social security fund (CNSS) has resumed the normal collection of social contributions since last Monday. The CNSS released a statement to disclose the information.
The institution had enacted in August 2020, exceptional measures such as suspending the calculation of surcharges for late payments of social contribution from April to July 2020, or the remission of surcharges for the...
The Togolese Minister of the digital economy and digital transformation, Cina Lawson, will be a keynote speaker at the Africa Fintech Summit which will take place next week. Lawson will give a keynote address on the second day of the three-day virtual event (November 9, 10, and 12).
The summit will gather many actors from Africa and the world who will discuss financing technologies and...
Etsri Homevor is the new director of the cabinet of the Togolese Prime Minister’s office.
He officially took over from his predecessor, Pré Simféitchéou, on November 2, 2020.
Before his recent appointment, Homevor was the secretary-general of the ministry of planning.
Thierry Awesso is the new president of Nioto, the Togolese subsidiary of Geocoton, and one of the biggest factories located in the country’s free trade area.
Awesso, who until now was Nioto’s managing director, was appointed president by the board of Geocoton on October 23, 2020. This was during a board meeting held in Paris.
One of the main figures of the Togolese economy and...