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This year, Togo has implemented 71% of WAEMU reforms, policies, schemes, and projects. According to the fifth annual review of the WAEMU, this performance is 7% better than last year's.
The goal of the review is to improve the quality and rate of implementation of the aforementioned reforms. Moreover, it aims at fostering the integration of community laws and directives in the national...
The United Nations System wants to establish partnerships with travel agencies in Togo.
To this end, the United Nations Population Fund (UNFPA) launched a tender for firms interested in providing their services to the UN bodies in the country. Tender specifications can be consulted or obtained, freely, at the UNFPA office, or online.
Candidates must submit their bids, sealed, latest...
Last Thursday, Koosmik-Togo officially launched its App, in Lomé. This is a few months only after the fintech startup raised funds for this purpose.
With the app, Koosmik wants to help 70% of unbanked Togolese people to make money transfers, pay bills, etc.
"Usually, if you want to send money to a relative or a friend, you will need to deposit cash in their account. If you have...
A group of Japanese firms have been in Lomé since the beginning of this week. Their mission is to explore partnership opportunities with Togo.
Togolese authorities for their part intend to build new partnerships on projects falling under the 2018-2022 national development plan.
The Japanese delegation will during its stay visit coffee and cocoa plantations, as well the power stations of the...
Two new bridges built across the Kara and Koumongou Rivers were commissioned yesterday. With respective lengths of 120m and 160m, these infrastructures connect the localities of Sokodé, Bassar, Katchamba and Sadori to the N°17 national road.
The bridges were financed by the Japanese government (XOF16 billion) and took 30 months to be built. They were officially inaugurated by President Faure...
Over the 2014-2020 period, the European Union was Togo's largest grant provider. The EU disbursed more than €270 million for the country, in development programmes and projects. Such projects include the water supply projects, school infrastructures, markets, dispensaries, and peripheral care units. There are also other projects focused on gender equity and women empowerment, hygiene and...
Last year, Togo recorded a little less than 10 million transactions by bank cards, amounting to XOF570 billion. The figures were released this week, in the BCEAO's annual report on electronic banking in the West African Economic and Monetary Union (WAEMU).
According to the document, the reason for the importance of the transactions is a great number of ATMs (264) and e-payment terminals (511)...
Almost a quarter of the State's provisional budget for 2020 is dedicated to education. Indeed, the three ministries in charge of education and training concentrate 23.1% of this budget, up around XOF15 billion compared to 2019.
In detail, the ministry of primary, secondary and professional education captured about 123 billion (+10% against 2019). This represents 16.3% of the 2020 provisional...
To make its media and communications sector more professional, the government of Togo adopted yesterday a bill establishing a new press and communication code. This was during the ministers' council held the same day.
The new code should cover online media, integrate the concept of press company, instead of press organs, and set rules for the issuance, withdrawal, renewal, and suspension of the...
Investment spending should grow by 15.8% next year, against this year's forecast (where it slumped by 9.5% compared to 2018).
Compared to the supplementary budget issued this month, forecast difference has been reduced to 1.5%.
The government plans overall to spend XOF329 billion on key projects aimed at fostering private investment (which let's emphasize are a major component of its national...
Adding up the recent facility of $131 million approved by the World Bank, the institution has disbursed so far $587 million for African Centres of Excellence.
According to Deborah Wetzel, World Bank’s Chief for Regional Integration in Africa, Middle East and North Africa, "the African Centres of Excellence are a major programme that helps African universities offer quality training...
The World Bank will disburse an additional $131 million for Togo, Benin, Gambia, Niger, and Nigeria to improve the quality of their higher education and accelerate economic growth.
The facility was approved in the framework of the second project for African Centers of Excellence in the aforementioned countries. The funds will be provided through the International Development Association...
Amea Togo Solar will build a 50MW solar plant in Blitta (271km north of Lomé).
The related concession agreement was signed on November 26, 2019, by the firm and the government. Their respective representatives were Alnowais Hussain Jasim and Dèdèriwè Ably Bidamon, minister of energy.
Under the deal, the State grants Amea Togo Solar all rights to design, finance, build, launch, operate and...
Over the past three quarters, the State's non-tax earnings amounted to XOF46.64 billion, against an expectation of XOF80.4 billion for the whole year.
Year-on-year, this represents a 4.18% increase and 58.01% of the expected amount for 2019.
The growth was driven by administrative fees which stood at 3.28 billion (+30.37% year-on-year and 67.78% of the expected amount), business and estate...
Paulin Alazard is the new chief of Togocom. The Franco-Malagasy officially replaced Atcha-Dedji Affoh on November 25, 2019. On this occasion, Alazard said his actions would help make the holding one of the most important of the region.
Before assuming his new position, Alazard was deputy managing director and financial director of Telma Madagascar. He also previously worked at Celtel, Airtel,...
The Togolese Revenue Office (OTR) is currently holding a workshop on online payment for Large and Medium Entreprises. Started yesterday, it should close tomorrow.
The workshop aims at enabling its participants to "better apprehend e-payment's various processes."
It follows the implementation of a new reform enforcing the online payment of taxes and duties, on October 15, 2019. The reform is...