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More than half (58%) of the Togolese population supports private media while 38% (about two out of five of the surveyed) supports the government’s right to control communication. This is revealed by a recent survey on the development of freedoms in Africa carried out by Afrobaromètre.
Across the 34 surveyed countries, 43% of the population is ready to accept that government monitors media,...
During the first quarter of 2019, Ecobank Transnational Incorporated recorded a pre-tax profit of $103 million, down 8% compared to the same period in 2018 (However, after readjusting with currency exchange, it rose 31% to $145 million).
Meanwhile interest earnings amounted to $172.3 million at 31 March 2019, thus slumping 31% compared to the same period last year ($248...
In 2018, Togo’s trade balance degraded significantly, in contrast with an improvement the year before. Accorfing to data from the BCEAO, the country’s trade deficit widened by nearly 70%, standing at XOF492 billion, due to a strong rise of goods imports, while exports were slower.
In detail, imports reached XOF1,213.19 billion (free on board value), thus up 25% compared to 2017. On the other...
In Togo, the national social security fund (CNSS) now allows employers to remotely pay their employees via an online platform of Banque Togolaise de Commerce et d’Industrie (BTCI).
“Using the internet, employers connect to the CNSS’ platform which is synchronized to the BTCI’s platform. There, they can carry out all declaration operations and make payments via the BTCI platform,” said...
In Togo, the autonomous center for capacity-building and studies to promote growth (CADERT) launched on May 2 a workshop on crowdfunding and networking regrouping twenty young entrepreneurs.
Organized in partnership with the national coalition for youth employment (CNEJ), the workshop aimed at teaching participants about alternative funding means and about best practices to harness those.
This...
On April 29-30, a meeting relating to the issue of demarcation between Ghana and Togo’s maritime borders was held.
“So far, very little progress has been made because we are yet to discuss the quintessence of this issue concerning our maritime borders,” said Stanilas Baba, president of the high council for the Sea and member of the team in charge of negotiating with the Ghanaian...
Though agriculture is its main driver, Togo’s economy is tertiary not primary, according to data compiled by Togo First and dating from 2015.
In the country, services contributes 59.1% of gross domestic product (GDP) which is estimated at XOF2,935.7 billion (nominal GDP at market prices), shows provisional data released by the BCEAO end-April.
Also, while it has been contracting since 2016,...
Jus Délice, the recently inaugurated pineapple juice factory in Gbatopé (35km from Lomé) intends to get the ISO 22000 certification.
The information was disclosed by the minister of Trade, Kodjo Adédzé, who indicated that measures should soon be taken to this end.
The certification is an international agrofood standard and would help Jus Délice’s output easily be exported to the...
President Faure Gnassingbé will attend the 2019 Annual Debate in London next June 5. Togo is partner-country of the event and its leader was invited as main host.
The theme for this year’s edition, the fifth, is: “challenges to sustainable growth and improving life standards.” It will be an occasion for the Togolese president to showcase the 2018-2022 national development plan.
Organized...
In addition to institutional mechanisms and private initiatives existing, Togocom and the PNUD plan to create incubators based on the Rwandan Klab model. The move aims at boosting employment and fostering entrepreneurship.
“Productive” talks took place last Tuesday between Aliou Dia, PNUD’s resident representative in Togo, and Affoh Atcha-Dedji, director general Togocom.
According to Dia,...
Last week, Togo’s national social security fund (CNSS) signed with Hôpital américain de Paris a convention under which the latter will manage the Saint Pérégrin hospital whose construction began about two months ago. The agreement was signed by Ingrid Awadé, Director CNSS, and Robert Sigal, MD Hôpital américain de Paris.
Let it be noted that St Pérégrin will in line with the deal...
In the last 25 years, the West African Economic and Monetary Union (WAEMU) injected more than six billion CFA in Togo’s agricultural sector. The figure was obtained from data released by the representative resident of the WAEMU commission, Assoukou Raymong Kripeu, and other data compiled by Togo First.
According to the commission’s representative, out of the sum mentioned, 3.6 billion was...
For the third consecutive campaign, Togo’s grain output has risen, according to data released by the Inter-States Committee to Fight Drought in Sahel (CILSS).
Spurred by favorable weather conditions, grain production in 2018-2019 rose 3% compared to the previous season. It stood at 1.339 million tons. This trend spread to the whole West African Economic and Monetary Union (WAEMU) with Burkina...
To provide Togo’s private sector with more performant tools and means, a two-day workshop was started April 29, 2019 in Lomé. In effect, the workshop assesses a strategic document to revitalize this sector.
This strategy will serve as a macroeconomic monitoring guide for actions aimed at fostering the private sector, said Kodjo Adedze (photo), minister of the private sector. It will list...
Togo’s Revenue Office (OTR) just released on its website the registry of firms that are fiscally up-to-date.
This release aims at informing business owners about their status in regards to tax payment and firms absent from the registry are those that are yet to have settled all their taxes.
These firms are urged to pay their dues or risk “a 15% levy on customary values of their imports, as...
President Gnassingbé committed, at the parliament last Friday, to raise the index value of the public administration starting next January.
This is part of various social measures announced by the leader, most of which will be adopted under the next finance bill. The increase is the second after that of 6% in 2013 recorded subsequent to long talks between the government and workers’...