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Last Thursday, representatives from the government, the national council of employers and the labor union met in Lomé, in the framework of the first meeting of the council’s ordinary session on social dialogue in Togo.
Participants discussed among others; working conditions amidst the current health crisis, the focus of the economic restart, as well as of expectations and concerns of...
The WAEMU mortgage refinancing fund (CRRH-UEMOA) has reported for its 2019 financial year a net profit of XOF1.24 billion (XOF1,242,860,623 exactly).
In detail, 15% of this sum -around XOF186 million- will be allocated to the institution’s legal reserve; 5% (XOF62.14 million) to its special reserve; XOF712.54 million to its exchange rate risk management Fund. Meanwhile, 281 million will be...
In 2019, cement manufacturer HeidelbergCement which has three subsidiaries in Togo (Cimtogo, Scantogo, and Granutogo) invested XOF528.3 million in the people living in areas where it operates across the country.
This was disclosed on the presidency’s official website. The funds, the presidency indicated, were allocated to sectors such as rural electrification, community health, water and...
As Togo readies to resume flights, the government informed that all travelers must submit a certificate proving they tested negative to Covid-19 before embarking on flights.
This new measure does not exempt travelers from complying with precautions recommended by the World Health Organization (WHO) and the International Civil Aviation Organization (ICAO).
Any person who fails to...
After examination classes, universities and other tertiary education institutions should soon reopen in Togo.
The matter was discussed last Wednesday during a meeting between the Prime Minister, Komi Klassou, and directors of public and private universities of the country.
The learning institutions, the talks concluded, will resume activity in a limited manner; to minimize physical...
After making mask-wearing compulsory in the country, Togolese authorities said those who do not comply with safety measures could face sanctions.
The government warned that any such person could pay a fine that ranges between XOF3,000 and XOF20,000, or even a worse sanction - XOF50,000 and between one and six months of prison - if the offense is repeated.
Regarding companies,...
British carmaker Morris Garage (MG) will start operations in Togo on July 15, 2020. The firm signed a partnership agreement in this framework with Diwa International, the car dealer founded by Togolese businessman Jonas Aklessou Daou who also heads Sodigaz.
MG will offer various types of cars including its RX5 model, which is a modern SUV. “We have the ideal offers for professional,...
Last year, Togo imported 159,702 bottles of champagne (of 75 cl) for more than €3.1 million.
In West Africa, the country was the third-largest importer of champagne over the period reviewed. First was Nigeria with 569,440 bottles imported (€18,153,942) and Côte d’Ivoire with 348,955 bottles (€5,935,560).
Behind Togo were Ghana, which imported 102,070 bottles...
On July 7, 2020, the French Development Agency (AFD) and the Banque Ouest-Africaine de Développement (BOAD) inked two financing agreements worth a total of €175 million (or XOF115 billion). The funds are to make the WAEMU states more resilient to the Covid-19 and climate change.
According to a related statement, the first agreement, for €100 million, “will help the...
In Togo, the PAEIJ-SP, which fosters the creation of jobs for the youth and their professional insertion into promising sectors wants to turn 2,3000 farmers associations into cooperative societies.
The farmers concerned by the related project work in the organic soybean and maize sectors. Through the initiative, the government wishes to turn the farmers into true entrepreneurs. Through...
In 2019, Togo produced nearly 800,000 tons of phosphate (799,775 t), according to data gathered by the Central Bank of West African States (BCEAO). The volume, the apex lender said, is 21.5% lower compared to the 1.02 million tons produced the year before.
Though relatively stable over the past decade, the country’s phosphate output recorded some lows in the last five years;...
The government’s financial support to private teachers as schools remain closed (apart from examination classes) because of the Covid-19 pandemic has been extended to volunteer teachers.
According to a statement released on the presidency’s official portal, the volunteers benefit, since June 27, from a State subsidy to help them cope as the pandemic persists.
Overall, around...
The African continental free trade area (AfCFTA) could be operational in January 2021, the Ecofin agency reported quoting Wamkele Mene, secretary-general of the organization.
The AfCFTA should have been implemented earlier but was postponed, and even suspended, due to the coronavirus pandemic.
The next Assembly of African Heads of State - scheduled for January 2, 2021 - could be the...
So far, Togo is relatively spared by the Covid-19 pandemic, with little impact on the country’s agricultural output and food security. This was disclosed in a country note recently released by the general directorate of the French treasury.
The document highlights the steps taken by the Togolese government to rapidly contain the outbreak; the country's important grain reserves, as well...
Togo has extended its health emergency to August 16, 2020. President Faure Gnassingbé took a step in this framework, after receiving the green light of the Constitutional court to proceed.
At the date the decision took effect - July 3 - Togo had 233 active covid-19 cases, 424 recovered patients, and 14 deaths. This is against 32,267 tests. Let’s recall that the health emergency was...
On June 17, 2020, the government of Togo announced that it secured its second loan on the international market - €150 million. Given the coronavirus crisis, this was a true gamble that has paid off.
For this operation guaranteed by the African Trade Insurance Agency (ATI-ACA), investors mitigated associated risk by setting a low-interest rate, 4.5%. The move reflects a shift from...