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At end-March 2019, small scale mines paid more than XOF2.5 billion of wages according to a study conducted by the INSEED and the Ministry of Mines and Energy. According to the latter, this segment was employing 10,383 people at the time the study was carried out.
According to the same study, these wages represent 96.9% of the mines' current expenditures. Moreover, data secured by TogoFirst shows...
As announced last July by its vice-President for Africa and the Middle East, Sergio Pimenta, the International Finance Corporation will open its offices in Togo this Thursday.
The opening ceremony will be chaired by Togolese Prime Minister, Komi Selom Klassou, and Pimenta. It will also gather various top public figures, representatives of the private sector, as well as technical and financial...
On Monday, October 28, Togo's Craftsmanship International Market (Miato) officially launched.
The launching ceremony took place at the Palais des Congrès of Lomé and was chaired by Prime Minister Komi Selom Klassou.
Themed Innovative craftsmanship, a factor of social and economic development, the event aims to bring to light the genius and potentialities of Togolese craftsmen, promote artisan...
On October 28, 2019, the extraordinary meeting of the committee of experts on the legal framework of Member States of the Inter-African Conference on Social Welfare (CIPRES) opened in Lomé, Togo.
Experts from 17 African countries have gathered at this four-day meeting to debate issues of social security and free movement of goods and people across the continent.
In effect, it aims to harmonize...
Between May and August 2019, Mauritania's imports from other African economies stood around XOF71.5 billion, according to its statistics office.
Togo captured 14.6% of the transactions, valued at more than XOF14 billion.
The only country with a deepwater port on the West African coast, Togo is the third African trade partner of Mauritania. It comes just after Algeria (28%) and Morocco...
Last week, the parliament approved the switch to digital terrestrial television, DTT, hence accelerating a procedure initiated few years ago.
The related law was passed in the presence of the minister of communications, Katari Foli-Bazi, who declared on the occasion that the adoption translates a strong commitment of the government and deputies to create a new sector with a strong added value,...
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...