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Once again, Togo’s capital maintains its rank of the 29th city with highest quality of life in Africa in Mercer’s 2019 index. In the index, Lomé is thus ahead of Abidjan, Addis-Ababa, Lagos, Abuja and Antananarivo.
Within the WAEMU, it is the third town behind Dakar and Cotonou that are respectively the 12th and 19th in Africa.
In the index, both at the African and...
Togo’s Business Climate Unit (CCA) met the media on March 15 to present new reforms set up to improve the country’s business environment and give participants tools to better inform the public as well. “This series of reforms requires more commitment from sector players and more media monitoring by you (media professionals) to enable our citizens to benefit from the reforms,” said Sandra...
Togolese government plans to reach up to 4 million vulnerable farmers and users with its Agri-Pme scheme by 2030, sources at the digital economy department said.
Seen as an ‘e-wallet’, this system launched in 2016 enables any vulnerable farmer to directly get subsidized fertilizers without any middleman. “The initiative focuses on supporting farmers and integrating them into the...
Togo launches water infrastructure counting operation to identify regions with no clean water access
Togo is currently conducting a stocktaking operation to count the water wells and the mini-water supply pipelines in rural and semi-urban areas, an official statement reveals.
In the framework of that operation, the water ministry’s agents will be sent to all the prefectures for work meetings with the authorities of those areas.
Launched on March 4, 2019, by the ministry of water and rural...
In Togo, fuel prices at pumps have slightly risen in the wake of rising prices of oil barrels on the eve of a crucial OPEC meeting in Bakou, Azerbaïdjan.
On average, these pump prices rose by 2-3% (15 to 18 CFA Francs).
As of today March 19, 2019, the price of super unleaded rose by 16 FCFA to be 564 FCFA. Kerosene is now 505 FCFA and the two-stroke oil mixture is 661 FCFA. For gasoline, it...
Providers of innovative solutions for sustainable development are invited to apply for the Zayed Sustainability Prize edition 2020. This competition, designed to reward innovative achievements for sustainable development, comprises five categories which are Health, Food, Energy, Water and Global High Schools.
Applications are open until May 30, 2019. According to the United Nations reports on...
In Togo, it is now possible to create a company within seven hours. This was revealed by Samuel Sanwogou, director of the business start-up centre (Centre des formalités des Entreprises-CFE), last Friday at the exchange workshop organized by the business council (Cellule Climat des affaires-CCA) to present the new reforms initiated this year.
According to the official, since...
In Togo, almost all land titles have been digitalized, with only one percent left. The remaining titles are those that date back to German colonization which are yet to be found. This was revealed in the latest report on progress made with structural reforms agreed with IMF, under its extended credit facility (ECF).
At the end of 2018, 95% of the titles had been digitalized (43,880 titles out of...
Banque togolaise pour le commerce et l'industrie (BTCI) will also soon start offering services to enable taxpayers pay their taxes and duties online. The Togolese Revenue Office made the announcement this Friday, during talks on reforms initiated to improve the local business climate.
The bank will thus become OTR’s third partner in this regard, after Ecobank and more recently Union Togolaise...
In 2017, Togo exported 30,265 tons of fruits and vegetables, according to the national institute of statistics, economic and demographic studies (INSEED). This volume was valued at CFA4.5 billion.
Over the same period, the country imported 8,385 tons of fruits and vegetables, valued at 1.5 billion CFA.
To date, Togo produces 60,000 tons of fruits and 40,000 tons of vegetables every year. These...
Germany recently decided to provide Togo €66.5 million, under their bilateral cooperation.
“Germany is ready to inject an additional €66.5 million to support the Togo-Germany cooperation,” said Brigitte Pickel, head of a German delegation which came to Togo at the beginning of the week to discuss furthering cooperation between the two countries.
Parts of the funds will be used...
On the second day of President Gnassingbé’s trip in the United Arab Emirates, two major Emirati groups committed to invest in Togo’s agriculture and energy sectors respectively.
On March 12, Faure Gnassingbé met with the vice president and co-founder of Al Dahra Holding to talk about Togo’s goals in the agro-food industry. On that occasion, Al Dahra’s co-founder declared : “I...
Togo’s revenue office (OTR) signed last Tuesday a deal with Union Togolaise de Banque (UTB) to simplify and ease online payment of taxes and duties.
With this, UTB becomes the second bank to partner with OTR in the framework of e-payment’s implementation. The first bank was Ecobank transnational incorporated (ETI).
For the OTR, this partnership falls in line with its strategy to...
A delegation of the Abu Dhabi Fund should soon visit Lomé, according to the communication division of the Togolese presidency.
This visit falls under the fund’s desire to support Togo’s 2018-2022 national development plan (PND 2018-2022). It was decided during talks between President Gnassingbé and Mohamed Saïf Al Suwaidi, director of the Abu Dhabi Fund.
The talks concerned improving...
The eleventh edition of the notaries forum opened in Lomé, last Monday, March 12.
During the event, notaries will be updated on the new land code, their roles and responsibilities.
The three-day forum will help notaries better do their work, amid a changing regulation.
“The notaries’ forum is a real chance, an opportunity to boost skills,” Pius Agbetomey (photo), minister of justice...
In Q2 2019, Togo will try to raise CFA115 billion on the regional financial market. Broken down, the country’s public treasury should seek CFA40 billion as fungible treasury bonds and 75 billion as fungible treasury bills.
The figure was released in a statement issued by the West African Regional Debt Planning Agency. Provisional calendar for the fundraisings is however yet to be...