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From now on, Togo’s Revenue Office (OTR) will issue on a quarterly basis a directory of businesses fiscally up-to-date. This was revealed at a press conference held last Friday.
The directory was established using a single IT system for the management of tax and fiscal registry, recently developed by the OTR. The document aims “at fostering justice, tax equity, and retaining legitimate and...
CredoGroup LLC, a Tenessee-based provider of independent solar energy services and products wishes to invest in Togo. The firm which is headed by US-Togolese Credo Amouzouvik, has actually sent some of its executives to Lomé to discuss the deal with the government.
“We want to help Togo become self-sufficient in terms of power production, harnessing energy from solar panels, mini and...
The posts and telecommunications regulatory authority (ART&P) has launched a public call to interest for the establishment of an e-transaction trust chain.
This call aims at “identifying local actors who want an accreditation as electronic-certification service providers (PSCE) to issue electronic certificates to make electronics reliably and safely and then become qualified providers of...
From Today to Thursday, the University of Lomé will host open houses to get students interested in maritime professions.
This is in a context where the country has to bridge the gap in skills deficit in this sector by hiring foreign labor.
Let’s recall that the authorities, to promote the blue economy, have opened at the University of Lomé an Institute of Maritime Professions (I2M). The...
Six billion CFA. That is the value of all contracts signed by various agricultural actors (suppliers, farmers, processors and sellers) of Togo during the just-ended National Farmer Forum.
Overall, according to reliable sources, about a hundred contracts were signed during the event. Eight were in the presence of the minister of agriculture, Noël Bataka.
Sectors concerned by the deals are...
Last Saturday, a convention was signed between MIFA, SA KFB Group (Knowledge-Fusion Builders) and Banque togolaise pour le Commerce et l’Industrie (BTCI).
According to Aristide Agbossoumonde, Director General of MIFA, “it will help purchase 300 mini-tractors to create mechanization firms.” It will in effect lead to the establishment of a guarantee fund of CFA6 billion supervised by the...
On April 11, 2019, the World Bank announced a new plan to invest $15 billion in human capital in Africa, between 2021 and 2023. This was in Washington, during a panel themed “Developing human capital in Africa: Shaping a generation’s future.” Participants present included Hafez Ghanem, World Bank’s Vice President for Africa, Letsie III, King of Lesotho, Paula Ingabire, Rwanda’s...
Togo has just received a $4.5 million grant from the European Union (EU). The related agreement was signed last Friday in Washington, between the World Bank and a Togolese delegation.
The Togolese delegation was led by Sani Yaya, minister of economy and finances, and Tignokpa Demba, minister of planning and development while the World Bank was represented by its representative in Togo, Hawa...
Togolese nationals living outside the country sent home more than $500 million in 2018. This is revealed in the latest update of the World Bank on remittances.
In Africa, Togo is the tenth in terms of remittances and this ranking is far dominated by Nigeria. According to the Bretton Woods institution, the remittances sent by Togolese represent 8.5% of the country’s GDP, the strongest...
Between 2013 and 2017, the volume of Twenty-Foot Equivalent Unit (TEU) containers handled at the Port of Lomé, has tripled from 311,470 to 1,193,841.
Dominique Chantrel, who is in charge of managing the UNCTAD’s port programme, declared during a coordination meeting for the TrainForTrade : “The economic development of the Port of Lomé is so significant and has made this infrastructure...
The government plans to soon launch a campaign to identify all agricultural lands in Togo. This was disclosed yesterday, on the first day of the 11th National Farmer Forum in Kara, by Noël Bataka, minister of agriculture.
The move aligns with a decree passed last Feb. 27th, forcing all rural land owners to valorize their property or have it transferred to any person interested in doing so and...
As announced earlier, the 11th edition of the Togolese Farmer Forum (FNPT) was launched yesterday at the Palais des Congrès of Kara, by Noël Bataka, minister of agriculture, fishery and animal production. “As we start this forum, opportunities and exchanges are the two main subjects," the official said.
“We talk of opportunities because the agricultural sector will be presented in its...
It’s official. Coralie Gevers, former chief of the World Bank’s operations in Mongolia and active in Madagascar and the Comoros since 2014, is the new chief of operations of the institution in Togo.
She replaces Pierre Laporte who oversaw the bank’s operations in Togo, Côte d’Ivoire, Benin, Burkina Faso and Guinea.
Gevers, a Belgian economist, joined the World Bank in 1996, holding...
On the sidelines of the World Bank’s annual assembly, the Bretton Woods institution committed to support Togo’s National Development Plan (2018-2022 PND). This is after meeting a delegation from the West African country asking the institution to increase its financing for Togo.
Representing Togo at the meeting was the minister of finances, Sani Yaya, and head of development planning, Demba...
Feasibility studies for the Abidjan-Lagos road corridor project has begun.
Related contracts for the studies, environmental and technical, are already signed, reliable sources indicate.
An execution team was set to steer the project and monitor the ongoing studies. This cell will communicate details about progress made to the ECOWAS Commission, as the project goes on.
While $22 million...
HeidelbergCement, world’s second largest cement maker, plans to invest €25 million in its Togolese subsidiaries, Cimtogo, Scantogo and Granutogo.
At a meeting with the press last Friday, Eric Goulignac, local MD for the firm, discussed projects planned by HeidelbergCement to support the national development plan (2018-2022 PND) whose second axis focuses on the extractive sector.
At the...