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"Without a strong involvement of control organs, the national development plan cannot be truly achieved." This was declared by Kossi Tofio, cabinet director of the ministry of finance at the 3rd Internal Audit National Forum launched yesterday.
The official who was representing the minister of finance at the event was emphasizing on the importance of internal auditors in building an...
In 2018, Togo's hospitality sector generated XOF48 billion and 8,000 direct jobs. This was disclosed by the minister of tourism, Kossivi Egbetonyo.
In that year 712,000 more tourists arrived in the country, "making Togo, a touristic destination in full rebirth in West Africa," said the minister on the 40th World Tourism Day. Compared to 2017, there were 145,236 more tourists last...
Currently in New York for the UN 74th assembly general, President Gnassingbé met on September 25 with the World Bank's Vice President for Africa, Hafez Ghanem.
The two men mostly discussed about the World Bank's support to development initiatives in Togo and new cooperation opportunities, in the digital sector especially.
"I had the opportunity to talk with the Head of State about...
Togolese authorities are elaborating a project to make coastal communities more resilient to climate change. Financing for the project, $8.9 million, comes from the Global Environment Facility (GEF). It will be executed by the UN Food and Agriculture Organization (FAO).
On September 25, 2019, some climate change experts and representatives of the coastal communities met to agree on...
President Faure Gnassingbé is currently in New York where he is attending the 74th UN general assembly.
During the 10-day meeting, leaders of the world will discuss ways to "reinforce multilateral efforts fostering the eradication of poverty, quality education, climate action, and inclusion."
The Togolese leader, according to an official statement will meet various eminent...
The World Bank's resident representative, Hawa Cissé Wagué, recently met with Togo's Prime Minister to present him with the review of the institution's portfolio in the country.
"Our execution rate in the past twelve months was good," the Bretton Woods representative said.
One of the objectives of the World Bank is to help Togo raise this rate to better tap into resources it...
Mauritius, Benin, Rwanda, Guinea Bissau, and Togo are the five most open countries in Africa, in terms of mobility and free movement. This was disclosed in a report recently released by e-commerce platform Jumia.
The pan-African startup bases its ranking on the visa openness index published by the World Tourism Organization (WTO) in its third Hospitality Report Africa.
The index is...
After calling off its latest operation on the regional debt market without giving any details, Togo just launched a new tender for treasury bonds with a 3-year maturity period.
Indeed, the country's public treasury seeks XOF20 billion to fund part of its State budget. The annual interest rate for the present issuance is 6.25%.
Results for the bond issuance will be released on...
Togo's Revenue Office (OTR) has launched a campaign to collect data on built and non-built property across the country.
The initiative aims at updating land data and developing a land map mosaic.
Started at Lomé's big market, the operation should progress and expand to other parts of Lomé, such as the Résidence de la Caisse, the BOAD residence (Baguida), the BCEAO residence...
Institutional customers of Togo's power utility (CEET) can now request connection to medium tension network online, on the CEET's website.
This should save time both for the CEET and its customers.
The initiative is part of various reforms recently implemented by the utility, in line with the government's measures to improve the business environment, said Mawusi Kakatsi, Managing...
Africa Global Recycling has received XOF20 million from the European Union delegation and the embassies of France and Germany in Togo.
The related agreement was signed last Monday in Lomé. The facility was provided in the framework of the climate diplomacy week. It aims to reinforce AGR's operatives and expand its "Moi Jeu Tri" project to about a hundred schools in Togo.
Through...
In Togo, new roads to access the Barkoissi's Agricultural Development Training Institute (IFAD) will be built. Overall, 7.33 km of roads, outside and inside the institute, will be constructed and rehabilitated.
A call for proposals was launched to select six local construction firms to undertake the project. Interested companies have until October 3, 2019, to submit their...
Société Nouvelle des Phosphates du Togo (SNPT) plans to set up, in the framework of its operations, a health-safety-environment-quality (HSEQ) management system.
Some international quality standards the system should meet include: ISO 9001 version 2008; ISO 14001 version 2015; ISO 50001 version 2011; ISO 26 000 version 2010.
The firm has recently launched a call for proposals to...
Various experts of health economy and finance, from 11 African countries, including Togo, are currently holding a meeting in Lomé. The meeting which began on Sept. 23 will last five days and focuses on the quality control of health finances and means to finance this sector across the continent.
The theme of the event which is organized by the World Health Organization (WHO) is "Health...
Over the past year, Orabank Togo's balance sheet total grew by nearly XOF100 billion to XOF632 billion with a net profit of XOF9 billion (up a billion compared to 2017).
Reflecting the lender's growing profitability, the cost-income ratio fell from 60% to 58% in 2018. This improvement, which is paired with that of the net cost of risk, results from a 12% increase of the net banking product...
From 82.9% in 2011-2012, schooling rate in Togo rose by 11% to 93.8% in 2017. The improvement was spurred by the government's recent reforms.
In detail, in 2015, the schooling rate in the country reached its highest level (94.3%) before slightly slumping by 0.5% in 2017.
Among various projects that contributed to the rise are the School canteens and the School Assur projects.
At...