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In Togo, all business that still owe taxes and duties must settle their dues by January 31, 2020. The deadline was set by the tax office, Office Togolais des Recettes (OTR), according to a recent statement released by the institution.
The tax office threatens to publish, on its website, the names of firms that will fail to pay what they owe within the set period.
The concerned...
Togo’s minister of environment, David Wonou Olatokou, has officially launched a major waste management project in Aneho, today.
This is a three-year project that costs more than XOF450 million. It is part of the West Africa Coastal Areas Resilience Investment Project - WACA-ResiP.
In detail, ECOSAN toilets will be built in 127 homes in Aneho; 2,300 homes will subscribe to a solid waste...
Orabank has launched a call for manifestation of interests to select three microfinance institutions that will financially support agricultural entrepreneurs.
The tender which will close on January 31, 2020, comes in support of the Project to Improve Employment and Insertion of Youths in Profiting Sectors (PAEIJ-SP).
Selected microfinance institutions will finance entrepreneurs based in Tchamba...
In 2019, the soybeans sector was the first job provider of Togo’s agricultural industry. This sector is followed by sesame and pineapple.
The information was disclosed by public authorities at the 12th National Forum for Farmers recently held in Kara (412km from Lomé).
According to these authorities, the soybeans, rice, maize, and sesame sectors captured the most funds during the previous...
The European Union and France injected about XOF12 billion in a project to fight human trafficking in nations of the Gulf of Guinea. Six countries are concerned by the initiative, including Togo, Benin, Côte d’Ivoire, and Nigeria.
A workshop was organized yesterday in Lomé to discuss terms of collaboration for its implementation.
According to Alessandro Rabiossi, the regional...
UK’s independent power producer, Globeleq, will soon develop a renewable energy project in Togo. The firm signed early last month a joint development agreement with the Togolese government for the project.
The project could be a pure hydropower plant, a combined hydropower-solar power plant, or a solar power plant with large capacity battery storage. It should generate between 24MW and...
Over the past decade, wealth created by Togo’s agricultural sector has doubled. This was reported by the minister of agriculture and fishery, Noel Bataka, at the opening of the 12th national forum for Togolese farmers (FNPT), yesterday.
Indeed, from XOF640.6 billion in 2010, agricultural GDP soared to XOF13,354.4 billion in 2019. This is nearly 40% of the Togolese economy.
The...
From 30 points in 2018, Togo scored 29 points in the Transparency International Corruption index for 2019. This occurs after maintaining its score at 32 points in 2015, 2016, and 2017.
Revealing an average score of 32 points for sub-Saharan Africa over the period reviewed, the German NGO denounces “inaction against corruption” in this region. It should be noted however that in Togo, many...
The 12th national farmer forum was launched on January 23, 2020, by the minister of agriculture, Noël Bataka.
The forum is hosted at the Palais des Congrès. Its main focus is agricultural transformation.
“No more subsistence farming,” declared Bataka after summing up the country’s performances in agriculture in recent years.
The minister also urged the president...
A two-day national dialogue to discuss the preservation of forests and the environment was launched on January 22, 2020, in Lomé.
The talks focused on the rational use of firewood by populations.
On this occasion, participants shared their respective knowledge of bioenergy to reduce the excessive exploitation of forest resources.
“Degradation is partly due to...
For its second operation on the UMOA securities market this year, Lomé will issue fungible Treasury bills, instead of fungible Treasury bonds like it did for the first operation on the regional market.
However, the amount sought is the same for both operations - XOF25 billion. The proceeds will mainly serve to meet the government’s budgetary needs for 2020.
The related tender was...
Togo’s Urban Development and Infrastructure Project (PIDU) is searching for a consultant to develop its website.
A call for manifestation of interest was launched to this end and it will close on January 29.
In detail, the hired consultant will research the project, design the website’s template and produce its content, put it online and manage it.
The PIDU was launched more...
Since 22 Jan 2020, smartphone and landline users could not connect to the Internet (3G or 4G) in Togo.
“Our mobile and landline internet services are seriously affected,” reveals TogoCom, the former State-owned mobile operator.
The operator attributes the situation to technical issues with submarine cables in Portugal and Spain.
“All our technical teams are working to...
With some of its partners, the Togolese Ministry of youth will help beneficiaries of the Youth Employment and Insertion in Profitable Sectors Project (PAEIJ-SP), to find outlets (local and regional) for their products.
A call for manifestation of interest was issued to recruit a consultant who will carry out the project. The deadline for submission of tenders is February 10,...
Ogar Assurances exited Togo and thus closed its last operation in West Africa.
The exit comes after a meeting of the regional regulator of insurance markets (CRA). During the meeting, held in December 2019, the regulator retrieved all of Ogar’s accreditations.
Prior to the ultimate move, the CRA had prohibited the insurer from registering any subscription or renewing expired...
CDC Group, UK’s State-owned impact investor, just committed a $20 million investment in the Adiwale Fund I, a private equity fund targeting small and medium enterprises (SMEs) in West Africa. Adiwale Fund I is the first fund raised by Adiwale Partners, a private equity management fund founded by Togolese natives Jean-Marc Savi de Tové and Vissého Gnassounou.
The announcement was...