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Togo intends, according to a document from the UN Industrial Development Organization, to establish a traceability system in the pineapple, cashew, and shea nut value chains.
The project aims at ensuring that Togolese outputs meet international certification standards, and subsequently ramp up agro-food exports, especially in the previously mentioned sectors which have great potential for...
“If current reforms are sustained in the second half of 2019, Togo will, for the third consecutive year, meet WAEMU’s 3% standard for budget deficit.” This was declared by the latest IMF delegation in Togo, at a press conference held in the framework of its fifth review of the extended credit facility (ECF), on Sept. 10, 2019.
The conference was co-hosted by Togo’s minister of...
The Delegation for Informal Sector’s Organization (DOSI), in partnership with the citizenship directorate, organizes fairgrounds to provide a citizenship certificate to nationals who do not have one.
The campaign aims at “easing the obtention of this important document and most importantly deliverance of driving licenses to taxi-bike drivers.” Officially, the operation’s main concern is...
Togo’s national social security fund (CNSS) urges employers, especially school directors and founders, to get their employees registered. It also reminded them of the importance of paying, in full, their due social security contributions (respectively 17% and 4% for employers and employees).
“The registration of companies and their employees is a legal obligation and fundamental right...
Last Saturday, Dona Etchri, the Togolese entrepreneur and founder of the E-agribusiness platform, said he has signed an exclusive cooperation agreement for West Africa with Chinese Group Quanfeng Aviation specialized in precision farming.
This should enable Togo to secure a major position in the agro-tech industry across the region.
In effect, under the agreement, a centre for the...
After launching a platform that enables online business establishment, Togo’s Business Formality Centre (CFE) has reached a new milestone by allowing, using the same platform, online submission of requests to amend and dissolute a business.
The information was just disclosed by the minister of trade, industry, private sector development and local consumption promotion.
Economic...
Many civil aviation representatives, from Africa and the Indian Ocean, are currently in Lomé to share their experience and knowledge, to make tarmacs safer in these two geographical zones.
Organized by the Federal Aviation Administration (FAA), the US agency regulating and monitoring civil aviation, the meeting aims at identifying security risks relative to runway incursions at...
Cameroon-based multipurpose web platform and incubator, Bellomar Learning, has expanded to Togo. The firm recently announced on its official website.
The platform thus enters Togo through its partner, VPS Inter Sarlu, which is now the sole distributor of its products and services in the West African nation. This is the fifth partnership reached by Bellomar Learning in the past three months, the...
Togo records another successful fundraising on the regional financial market. Indeed, Umoa-securities revealed last Friday that the country had mobilized close to XOF48.5 billion on this market through its latest issuance of fungible treasury bonds.
While the amount is impressive, Togo, which was seeking XOF20 billion via the operation, retained XOF22 billion. These monies, the regional agency...
Togolese clients of Banque Atlantique, which belongs to Morocco’s Banque centrale populaire (BCP), can now conduct their transactions online from their mobile devices.
Indeed, the lender, WAEMU’s third largest bank by market shares, announced in a recent communiqué that its mobile app, “Atlantique Mobile”, was now available in all WAEMU’s Francophone countries, namely: Benin, Burkina...
Togo: Power utility CEET seeks out expertise of entrepreneurs, youth and women, to build power lines
Togo’s power utility, Compagnie Energie Electrique du Togo (CEET), launched a tender to hire young entrepreneurs and women, for the construction of medium and low tension power lines.
The project is divided into two, covering Gbétsogbé, Totsi, Agoè Gbonvé and Plateau Bethel. The tender which closes on Sept. 26, 2019 should lead to the selection of 10 entrepreneurs.
Reaching out to this...
On Sept. 4, 2019, some of Togo’s public audiovisual media received IT equipment from the West Africa Development Bank (BOAD). These were : Télévision Togolaise, Radio Lomé and Radio Kara.
The provision of these equipment, laptops with installed software, should bolster the digitalization of the concerned media institutions.
According to Serge Bouah, Head of Communications,...
The government has repurchased last week, more than 200 tons of fresh tomatoes from local producers. The move, official sources indicated, aims to support farmers who intended to export to Nigeria but cannot at the moment given the closure of the Benin-Nigeria border.
The tomatoes have been bought at twice their actual market price (XOF1500 instead of XOF700).
The fruits were in effect...
Togo needs XOF38.6 billion for road maintenance next year. However, only 36% of this sum (XOF14 billion) can be mobilized by the Autonomous Company for Road Maintenance Financing, SAFER.
This was revealed by Sylvain Outchantcha, MD of Safer, during a meeting to draw the 2020 budget-programme for road maintenance.
While resources that will be allocated to road maintenance next year are...
Last Thursday, President Gnassingbé met with Indian minister of foreign affairs, Vellamvelly Muraleedharan.
Talks between the two men revolved mainly around ways to boost cooperation between Togo and India, especially in the power, mining and digital economy sectors.
The Indian diplomat also met with the minister of Energy and Mines, Marc Ably-Bidamon, and that of development planning,...
In Q1 2019, Togo exported nearly XOF6 billion worth of goods (about 18,000 tons) to the Euro zone. Year-to-year, this represents a 17.5% decrease.
The exports’ value during the period reviewed makes up only 5.1% of total value of Togo’s exports; this is against 6.4% in the first quarter 2018.
Over the period, the first three buyers of Togo within the Euro zone were France,...